SEOUL, Dec. 6 (Korea Bizwire) — Close to 20 percent of young South Koreans are among the so-called NEETs, a group of people not engaged in education, employment, or training. The National Youth Policy Institute reported that 16.6 percent of young South Koreans between 15 and 29 years of age were unemployed, and not in [...]
SEOUL, Dec. 6 (Korea Bizwire) — The Seoul Metropolitan Government will conduct the first “Companion Animal Owner Ability Test” in the country this Saturday. The test, which will be taken by some 250 people who applied in advance last month, is designed to create opportunities to study and see how much companion animal owners or [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korean researchers have discovered that oats can be effective in preventing and treating dementia. The Rural Development Administration (RDA) and Chonnam National University, in a joint experiment, fed a rat with Alzheimer’s disease an Avenanthramide C (Avn-C), substance found in oats, for two weeks. The results showed the [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea is witnessing slow but meaningful progress in its march toward a hydrogen-based economy, with the pollution-free power source set to take up a greater slice of the country’s energy mix down the road. The Moon Jae-in administration has been pushing to cut the country’s dependency on conventional [...]
SEOUL, Dec. 4 (Korea Bizwire) — Seoul Metro said Wednesday it is preparing to launch parcel delivery service in the capital area by utilizing its existing infrastructure, such as depots, old train cars and subway stations. Seoul Metro, a public corporation of the Seoul Metropolitan Government in charge of operating subway lines 1-8 and part [...]
SEJONG, Dec. 4 (Korea Bizwire) — South Korea plans to set up a fund of 300 billion won (US$252 million) to help fintech startups become unicorns with a valuation of more than US$1 billion, Finance Minister Hong Nam-ki said Wednesday. Hong made the remarks at a meeting with economy-related ministers in Seoul to discuss how [...]
SEOUL, Dec. 3 (Korea Bizwire) — Foreign investors’ love for Kakao Corp. seems to be showing no signs of a letup, even during their weekslong sell-off spree of local stocks, on expectations that the operator of the country’s most popular messenger KakaoTalk may get a further boost from its lucrative platform, content and fintech-related businesses, [...]
SEOUL, Dec. 3 (Korea Bizwire) — Pengsoo, an Educational Broadcasting System (EBS) penguin character who is receiving nationwide popularity, is even taking over the travel industry. According to a recent analysis of airline data by online travel agency Trip.com, search volume to Argentina’s Ushuaia from September to mid-November increased 227 percent year-on-year, since the popularity [...]
SEOUL, Dec. 2 (Korea Bizwire) — As more people are spending time at home following the introduction of a government-mandated 52-hour workweek, an increasing number of South Korean women are building their own furniture and redecorating or renovating their homes with professional equipment. The recent trend is reportedly led by the increasing number of one-person [...]
SEOUL, Dec. 2 (Korea Bizwire) — Korean instant noodles are making a strong comeback as the Chinese ramen market, after a recent stalemate, has been regaining vitality. The Korea Trade-Investment Promotion Agency (KOTRA) reported on Saturday that Chinese ramen imports surged from US$83.8 million in 2014 to $240 million last year. Imports of Korean instant [...]