SEOUL, Jan. 24 (Korea Bizwire) — A team of South Korean researchers has developed a groundbreaking 2-liter engine powered by ammonia, a renewable energy source that generates no greenhouse gas emissions. The innovation is expected to serve as foundational technology for various applications, including vehicles, ships, aircraft, and industrial generators. Led by Dr. Park Cheol-woong of [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea will ban private bear farming starting January 24, marking a significant shift in the country’s wildlife protection policies. The Ministry of Environment announced that the new regulations will also allow local governments to prohibit feeding pigeons and impose fines on violators. The revised Wildlife Protection and Management Act [...]
SEOUL, Jan. 24 (Korea Bizwire) — A stark gender divide exists among South Korean teenagers regarding dating expenses, with young women overwhelmingly favoring equal cost-sharing while young men show more traditional views, according to a lifestyle report released by Woori Bank on January 23. The “Teens’ Diary” report, which surveyed 3,729 teenagers aged 14-18 nationwide, revealed [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea’s Personal Information Protection Commission (PIPC) has imposed fines totaling 8.3 billion won ($5.8 Million) on KakaoPay and Apple Pay for transferring the personal data of approximately 40 million users to China’s Alipay without proper consent. The commission announced on Thursday that both companies violated South Korea’s Personal Information [...]
SEOUL, Jan. 23 (Korea Bizwire) — Starting January 24, 2025, South Korea will extend the maximum residence period for foreign victims of jeonse frauds in public emergency housing from two years to six years, the Ministry of Land, Infrastructure, and Transport announced on Thursday. Jeonse fraud is a type of real estate fraud that occurs when [...]
SEOUL, Jan. 22 (Korea Bizwire) — Hyundai Motor Company announced the launch of its 2025 The New Pavise medium-duty truck on January 21, featuring significant upgrades focused on driver comfort and convenience. The Pavise, introduced in August 2019, has been updated with new amenities based on market feedback. The most notable addition to the top-tier Prestige [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s top three shipbuilders are expected to report collective annual profits for 2024, marking the first time in 13 years that the trio—HD Korea Shipbuilding & Offshore Engineering, Hanwha Ocean, and Samsung Heavy Industries—have all turned a profit. The achievement comes amid a “super cycle” in the global shipbuilding [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korean President Yoon Suk-yeol has been formally detained following the issuance of a detention warrant on January 19, 2025, making him the first sitting president to be arrested as he faces allegations of insurrection. Yoon is expected to be moved to a solitary cell measuring approximately 3 square [...]
SEOUL, Jan. 18 (Korea Bizwire) — In a significant strategic shift, Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corporation (KEPCO), and U.S.-based Westinghouse Electric Company have agreed to set aside ongoing intellectual property disputes and jointly pursue global nuclear power projects under the newly formed “Team KORUS” alliance. Though the specific terms of the [...]
SEOUL, Jan. 18 (Korea Bizwire) — As K-pop continues to dominate global music charts, South Korea is taking steps to bolster copyright protections for choreography that has fueled the genre’s meteoric rise. A recent study by the Korea Copyright Commission underscores the need to safeguard the intellectual property rights of choreographers behind iconic dance routines, such [...]