SEOUL, Jan. 1 (Korea Bizwire) — South Korea’s healthcare and biomedical industry technologies are assessed to be at 80% of the level of the United States, the global leader in the field, with an estimated two-year gap to reach parity. This was revealed in a report published by the Ministry of Health and Welfare and the [...]
CHANGWON, South Korea, Jan. 1 (Korea Bizwire) — A new animal shelter in Changwon, built to consolidate the city’s three existing facilities, is already struggling with overcrowding, leading the city to make difficult decisions, including euthanizing some stray dogs. The Changwon Pet Village, located in Seongsan District, opened in May 2024. Spanning 1,442 square meters, the facility [...]
SEOUL, Jan. 1 (Korea Bizwire) — South Koreans aged 50 and older expect to retire at an average age of 67 and consider themselves to have entered old age by 69, according to a new survey by the National Pension Research Institute. The study, released on December 31, also found that a monthly income of 1.92 [...]
ULSAN, South Korea, Jan. 1 (Korea Bizwire) — A striking media art installation that captivated visitors at CES 2024 in Las Vegas has found a permanent home in Ulsan’s petrochemical complex. Renamed the Magic Sphere, the 6-meter-wide LED sculpture, formerly known as the “Wonder Globe,” was unveiled during a lighting ceremony at SK Innovation’s Ulsan Complex [...]
SEOUL, Jan. 1 (Korea Bizwire) — Nearly half of South Korean workers hold a pessimistic outlook on their workplace conditions for 2025, according to a survey released on December 31 by civic group Workplace Gapjil 119 and polling firm Global Research. The survey, conducted among 1,000 workers aged 19 and older between December 2 and [...]
BUSAN, Dec. 31 (Korea Bizwire) — Renault Korea announced plans to outfit its Busan plant with electric vehicle (EV) production facilities as it gears up to manufacture the Polestar 4 midsize electric SUV for export to North America starting in the latter half of 2025. This marks the plant’s first transition to EV production, with industry [...]
MUAN, South Korea, Dec. 31 (Korea Bizwire) — Following the tragic crash of Jeju Air Flight 7C2216 on December 29, in which 179 of 181 passengers and crew perished, investigators are examining how two flight attendants survived. Their location in the aircraft and the use of specialized safety equipment, such as crew jump seats and harnesses, [...]
SEOUL, Dec. 31 (Korea Bizwire) —As depression and anxiety among young adults worsen due to unemployment pressures and social isolation, South Korea’s universities are grappling with an unprecedented surge in demand for psychological counseling, resulting in wait times of up to three months for some students. At Seoul National University (SNU), the number of counseling [...]
BUSAN, Dec. 31 (Korea Bizwire) — As bird strikes remain a persistent threat to aviation safety in South Korea, recent data underscores the risks faced by major airports, particularly Gimhae International Airport, which sits adjacent to one of the nation’s key migratory bird habitats. According to records obtained by Rep. Lee Yeon-hee from the Korea [...]
SEOUL, Dec. 31 (Korea Bizwire) — LG Electronics is set to strengthen its leadership in the premium gaming market with the introduction of groundbreaking OLED gaming monitors at CES 2025, the world’s largest consumer electronics and IT exhibition, in Las Vegas early next month. The company announced on December 30 that it will showcase two 45-inch [...]