SEOUL, Jul. 19 (Korea Bizwire) — Professionals from both South Korea and abroad are gathering in the blockchain market as the popularity of cryptocurrencies continues to expand rapidly. Former executives from major IT, finance, and venture investment firms in the country and abroad are joining blockchain businesses as advisors. David Park, the former head of [...]
SEOUL, Jul. 18 (Korea Bizwire) — The installed capacity of solar and wind power rose 52 percent on-year in the first half of this year, leading the growth of renewable energy. Solar energy and wind power accounted for 92.6 percent of the total supply of renewable energy in the first half of the year, the [...]
SEOUL, Jul. 18 (Korea Bizwire) — With the competition for eco-friendly delivery heating up, Coupang Inc. has introduced electric trucks. The South Korean e-commerce firm will deploy 10 Calmato EVs (electric vehicles) at the Coupang Logistics Service Delivery Hub in Daegu next month and is currently setting up recharging stations for the electric trucks. The [...]
SEOUL, Jul. 17 (Korea Bizwire) — Samsung Electronics Co. has begun testing etching gas critical for the production of semiconductors, a source familiar with the issue said Wednesday, as South Korea is struggling to cope with Japan’s export restrictions. Since July 4, Japan tightened regulations on exports to South Korea of resist, etching gas and [...]
SEOUL, Jul. 17 (Korea Bizwire) — In what could signal an end to a monthslong tussle between conventional taxi service providers and new mobility platform operators, the government on Wednesday proposed easing regulations for new ride services, while outlining measures to support the taxi service industry. The taxi industry has been at odds with ride-sharing [...]
SEOUL, Jul. 16 (Korea Bizwire) — South Korea will restrict visa extensions for foreigners and Korean nationals residing overseas, starting next month, in case they default on state health insurance fees, government officials said Tuesday. The measure comes as a new rule went into force the same day that requires all foreigners staying in the [...]
SEJONG, Jul. 16 (Korea Bizwire) — A growing number of young South Koreans are preparing for state exams for public jobs and professional licenses, data showed Tuesday. The data released by Statistics Korea showed that 714,000, or 15.3 percent, of 4.68 million economically inactive youths aged 15-29 prepared for state exams in May, up 2.2 [...]
SEOUL, Jul. 16 (Korea Bizwire) — Leading businesses in the sharing economy such as Uber and Airbnb are taking center stage in the controversy that has erupted over the future of these types of enterprises in South Korea, which many believe is due to strong opposition from older companies. The Korea Development Institute conducted a [...]
SEOUL, Jul. 15 (Korea Bizwire) — Industry analysts say that the South Korean coffee industry will continue to expand fueled by specialty coffee shops in the future. South Korea’s coffee industry is estimated at 6.8 trillion won (US$5.77 billion) this year, the Hyundai Research Institute said Sunday in a report. The coffee industry is divided [...]
BOGOTA, Jul. 14 (Korea Bizwire) — The mayor of Seoul unveiled a plan Sunday to build bicycle-only roads throughout the South Korean capital city. Mayor Park Won-soon declared his vision for the so-called Cycle Rapid Transit (CRT) for Seoul during his visit to Bogota, the capital of Colombia, which boasts one of the world’s most [...]