BUSAN, August 6 (Korea Bizwire) — South Korea’s fisheries authorities have issued a public advisory following the rapid spread of the subtropical Blue Button Jellyfish (Porpita porpita) across the nation’s southern and eastern coasts, raising concerns over potential allergic reactions in beachgoers. According to the National Institute of Fisheries Science (NIFS), the jellyfish—first detected off [...]
SEOUL, August 6 (Korea Bizwire) – A new study by South Korea’s National Pension Research Institute has challenged a widely held assumption that the country’s economic and labor trends will eventually converge with those of advanced economies like the United States and Japan. In a report titled “A Study on the Convergence of Demographic and [...]
SEOUL, August 6 (Korea Bizwire) — South Korea has nearly completed the installation of more than 10,000 smart electric vehicle (EV) chargers designed to prevent overcharging-related fires, the Ministry of Environment announced on Tuesday. As part of a broader rollout that began last year, 42,032 smart chargers are being deployed nationwide, with 11,039 units already [...]
SEOUL, August 5 (Korea Bizwire) – South Korea’s major banks are ramping up restrictions on home-backed loans and jeonse (long-term rental deposit) financing, signaling a coordinated move to cool the property market and manage household debt more tightly. On August 5, Hana Bank announced it would halt new applications for mortgage and jeonse loans scheduled for [...]
SEOUL, August 5 (Korea Bizwire) — A team of South Korean scientists has unveiled a breakthrough in electric vehicle (EV) battery technology that could extend battery life more than fivefold, potentially revolutionizing the performance and longevity of EVs. Researchers led by Professor Cho Chang-shin of POSTECH (Pohang University of Science and Technology) and Professor Yoon Sung-hoon [...]
SEOUL, Aug. 5 (Korea Bizwire) — Hanwha Group has recorded the largest increase in corporate value among South Korea’s top 10 business groups this year, buoyed by surging stock prices in its defense and shipbuilding affiliates and optimism over its role in U.S.-Korea trade negotiations. According to data compiled from the securities industry and Hanwha Group, [...]
SEOUL, August 5 (Korea Bizwire) — The Seoul Metropolitan Office of Education announced plans on Sunday to develop an artificial intelligence (AI) system that can grade students’ essay and short-answer responses and provide personalized feedback, marking a significant shift in how academic assessments are conducted in the South Korean capital. The AI-based evaluation platform will [...]
SEOUL, August 5 (Korea Bizwire) — A wave of civil lawsuits has emerged in South Korea following the country’s first court ruling last month recognizing psychological damages linked to the controversial “December 3 Martial Law” plan, a move that has reignited public scrutiny over the failed emergency military order. According to legal sources, two separate [...]
Highland growers in Gangwon face mounting losses as warming temperatures and extreme weather push summer cabbage to the brink GANGNEUNG, August 5 (Korea Bizwire) — Once known for its cool summer breezes and starlit skies, the alpine cabbage fields of Anbandegi in Gangwon Province—South Korea’s largest high-altitude farming zone—are now at the frontline of climate [...]
Experts call for targeted, integrated mental health strategies as older adults face higher suicide risk and lower access to care SEOUL,August 5 (Korea Bizwire) — More than 18,000 South Koreans aged 65 and older died by suicide over the past five years, averaging more than 10 deaths per day, according to new findings that highlight [...]