SEOUL, Dec. 15 (Korea Bizwire) — In the midst of the spread of the COVID-19 pandemic and the toughening of social distancing rules, an increasing number of young people are being forced to spend more time at home. This phenomenon is shedding light on the poor housing conditions facing them. With coffee shops and PC [...]
SEOUL, Dec. 15 (Korea Bizwire) — The divorce rate for elderly couples in South Korea has more than doubled over the past 20 years. The number of elderly couples who chose to split up after 20 years of marriage reached 38,446 cases last year, accounting for 34.7 percent of the total divorces, up from 15,816 [...]
SEOUL, Dec. 14 (Korea Bizwire) — Volunteer programs where merchants come to residential areas early in the morning to sell soup and side dishes to busy, dual-income households are spreading across North Korea. Uriminzokkiri, one of the North’s propaganda websites, reported Sunday on the lives of joint breadwinners taking care of breakfast using the volunteer [...]
SEOUL, Dec. 14 (Korea Bizwire) — South Korea’s Hyundai Motor Co. topped the global hydrogen vehicle sales in the first nine months of the year on rising demand for the Nexo model, data showed Monday. In the first nine months, Hyundai Motor sold a total of 4,917 hydrogen fuel cell electric vehicles, accounting for 74 [...]
SEOUL, Dec. 14 (Korea Bizwire) — After going through a tough battle to survive this year due to the spread of the COVID-19 pandemic, South Korea’s airline industry is expected to have another gloomy year in 2021. South Korea’s top flag carrier Korean Air Lines Co. and No. 2 carrier Asiana Airlines Inc. are in [...]
SEOUL, Dec. 13 (Korea Bizwire) — South Korean steelmaker POSCO said Sunday it will expand hydrogen production capacity in the next three decades to meet growing demand for the clean energy source and foster new growth drivers. POSCO, the world’s fifth-largest steelmaker by output, said it will produce up to 5 million tons of hydrogen [...]
SEOUL, Dec. 13 (Korea Bizwire) – Starbucks has opened seven new stores in South Korea, bringing the total number of outlets that the U.S. coffee giant has launched since its debut here 21 years ago to 1,503 amid a coffee craze among locals, industry sources said Sunday. Five of the seven new outlets opened Tuesday [...]
SEOUL/ANSAN, Dec. 12 (Korea Bizwire) — Cho Doo-soon, one of South Korea’s most notorious child rapists in recent memory, was released from prison on Saturday amid strong protests against the heinous criminal’s return to society. Cho served a 12-year term for kidnapping and raping an 8-year-old girl in a church bathroom in Ansan, 42 kilometers [...]
SEOUL, Dec. 11 (Korea Bizwire) – South Korea’s Hyundai Motor Group said Friday its affiliates and its chairman will buy an 80-percent stake, worth up to 900 billion won (US$828 million), in U.S. robotics firm Boston Dynamics Inc. in the latest move to propel its future mobility business. The board of directors at Hyundai Motor [...]
SEOUL, Dec. 11 (Korea Bizwire) — Prices of agricultural products have skyrocketed following 54 days of disastrous summer weather that brought severe monsoon rains as well as five typhoons across the Korean peninsula. Experts argue that this is just the beginning, warning that an unprecedented scale of climate change will sweep across South Korea. Hot [...]