SEOUL, Jan. 9 (Korea Bizwire) — A new study has revealed that individuals who have previously filed claims for private medical insurance not only visit hospitals more frequently but also spend more on outpatient care compared to those who haven’t filed claims. According to research published in the recent issue of the Korean Journal of Hospital [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s share of the global shipbuilding market fell to its lowest level in eight years in 2024, despite an increase in total orders, according to a report by UK-based Clarkson Research on January 8. Market Dynamics South Korea secured 10.98 million CGT (compensated gross tons) in orders, representing [...]
JEONJU, Jan. 9 (Korea Bizwire) — By 2090, climate change could enable the cultivation of subtropical crops such as tea trees for green tea and olive trees in regions as far north as Gangwon Province, according to projections released by the Rural Development Administration (RDA) on Wednesday. Expanding Cultivation Areas Currently, tea trees are grown [...]
SEOUL, Jan. 9 (Korea Bizwire) — A new survey reveals that one in three small business owners in Korea increased their borrowing in 2024, highlighting the ongoing financial challenges faced by the sector. According to a study released on January 8 by the Korea Federation of SMEs (KBIZ), 34.9% of small business owners who hold loans [...]
SEOUL, Jan. 9 (Korea Bizwire) — Scientists have discovered that the brain region associated with movement disorders like Parkinson’s disease is also linked to physical nicotine withdrawal symptoms, potentially opening new avenues for smoking cessation treatment. The Korea Institute of Science and Technology (KIST) announced on January 8 that researchers led by Dr. Im Heh-in have [...]
JEJU, Jan. 9 (Korea Bizwire) — Jeju Island’s tourism-driven economy is under strain as domestic political instability and a recent aviation disaster involving Jeju Air have dampened travel demand, according to an analysis released on January 8 by the Bank of Korea’s Jeju branch. Between December 5, 2024, and January 7, 2025, the number of domestic [...]
SEOUL, Jan. 9 (Korea Bizwire) — For the second year in a row, South Korea will participate in the annual North Atlantic Treaty Organization (NATO) Military Chiefs’ meeting, reflecting its growing engagement in global security discussions. According to military sources, Lieutenant General Son Jeong-hwan, head of Strategic Planning at South Korea’s Joint Chiefs of Staff (JCS), [...]
SEOUL, Jan. 8 (Korea Bizwire) — In a recent op-ed for The Hill, U.S. Congresswoman Young Kim (R-CA) argued that the political forces behind South Korean President Yoon Suk-yeol’s impeachment pose a threat to the U.S.-South Korea alliance and trilateral cooperation with Japan. Kim’s comments mark the first instance of U.S. lawmakers openly criticizing the impeachment [...]
MUAN, South Korea, Jan. 8 (Korea Bizwire) — In the wake of the tragic “Jeju Air Disaster,” Muan International Airport in South Korea became a hub of nationwide mourning and volunteerism. Over 10,000 volunteers from across the country have provided comfort to the victims’ families, transforming the airport into a place of solidarity and healing. A [...]
SEOUL, Jan. 8 (Korea Bizwire) — A South Korean court has halted the Korea Football Association’s (KFA) presidential election, initially scheduled for January 8, citing significant procedural irregularities. The Seoul Central District Court ruled on January 7 in favor of candidate Heo Jeong-moo, who had filed an injunction to stop the election, claiming the process lacked [...]