DAEJEON, Jan. 5 (Korea Bizwire) – South Korean researchers revealed that animals are inherently born with brains that have a sense of numbers, unlike artificial neural networks. A research team from the Korea Advanced Institute of Science and Technology (KAIST) said Monday that animals are capable of understanding numbers without having to go through a [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, will build its first overseas hydrogen fuel cell systems plant in China as it seeks to enter the local hydrogen market, industry sources said Tuesday. Hyundai Motor aims to build the hydrogen fuel cell systems plant in Guangzhou within this year as [...]
SEOUL, Jan. 5 (Korea Bizwire) — Kakao Pay Corp., South Korea’s No. 1 mobile payment service provider, said Monday that it took its first step into the insurance market by applying for preliminary approval for a digital non-life insurance service. Kakao Pay aims to obtain final approval and launch the digital non-life insurance business by [...]
SEOUL, Jan. 4 (Korea Bizwire) — Legal provisions that used to forbid abortion have been ruled as unconstitutional, being effectively repealed with the start of the new year. The lack of legislative supplements, however, is causing some confusion among women. The fact that punitive measures against abortion have been repealed is not enough to ensure [...]
SEOUL, Jan. 4 (Korea Bizwire) — A firefighting helicopter in active duty for the last 40 years will be registered as a cultural heritage. The National Fire Agency announced that two firefighting legacies including Kachi 2, South Korea’s first firefighting helicopter, will be registered as cultural heritages. It is one of the first firefighting rotary [...]
SEOUL, Jan. 4 (Korea Bizwire) – Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday they aim to sell a combined 7.08 million vehicles this year by selling more of their SUV models despite the COVID-19 pandemic. The sales target is 11.5 percent higher than 6,350,851 vehicles sold by the country’s two biggest carmakers [...]
SEOUL, Jan. 4 (Korea Bizwire) — Refugee advocacy groups are strongly opposing the South Korean government’s efforts to revise the Refugee Act. The government recently issued a preliminary notice on the legislation of the revised Refugee Act that focuses on strengthening the reapplication procedures for asylum seekers. A group of refugee rights groups, including the [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s three electric vehicle (EV) battery makers are expected to report robust or improved fourth-quarter earnings results on growing demand for electrified vehicles, analysts said Sunday. LG Energy Solutions Ltd., SK Innovation Co. and Samsung SDI Co. likely performed well in the October-December period as carmakers are adding [...]
SEOUL, Jan. 1 (Korea Bizwire) — Fine dust, which is common particularly during Korean winters, is associated with metabolic syndrome like diabetes, research showed Thursday. Researchers from Konkuk University conducted a study of 5,717 male and female adults over 19 years of age to verify the correlation between their level of insulin resistance, which plays [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korea on Thursday signed a deal with U.S. biotech company Moderna to buy new coronavirus vaccine doses for 20 million people, with the supply to begin in the second quarter of next year, health authorities said. Following the deal, the total amount of COVID-19 vaccines South Korea has [...]