SEOUL, Nov. 11 (Korea Bizwire) – South Korea directed 43% of its overseas investments to the United States last year, marking the highest proportion since 1988, as bilateral trade relations reached new heights. The surge comes amid record trade surpluses with the U.S., where intermediate goods like raw materials and components account for half of South [...]
SEOUL, Nov. 11 (Korea Bizwire) — Ukraine’s defense intelligence agency has released an audio clip of what it claims to be intercepted radio communications between North Korean soldiers in Russia speaking in coded military terms. The Defense Intelligence of Ukraine (DIU) uploaded a post on Sunday (local time) of what it claimed to be intercepted [...]
SEOUL, Nov. 11 (Korea Bizwire) — A consultative body involving the ruling People Power Party (PPP), the government and doctors’ groups was launched on Monday to seek to resolve a prolonged walkout by trainee doctors, with the aim of producing “meaningful” results by late December, a PPP lawmaker said. Thousands of trainee doctors have left [...]
SEOUL, Nov. 11 (Korea Bizwire) — A Chinese man was released from police custody after being questioned on suspicion of filming the headquarters of the state spy agency using a drone, police said Monday. The Chinese national in his 40s was released late Sunday, a day after he was caught by the police for appearing [...]
SEOUL, Nov. 11 (Korea Bizwire) — South Korea’s oceans ministry said Monday it plans to spend 10.4 billion won (US$7.45 million) to support the International Maritime Organization’s (IMO) efforts to foster maritime experts. Under the project, the Korea Institute of Ocean Science and Technology will select students from around the globe for its master’s program [...]
SEOUL, Nov. 11 (Korea Bizwire) – Diabetes, once primarily associated with older adults, is increasingly affecting younger South Koreans, with an estimated 308,000 people in their 20s and 30s living with the condition, according to new data. The Korean Diabetes Association, ahead of World Diabetes Day on November 14, released its “Diabetes Fact Sheet 2024″ revealing [...]
SEOUL, Nov. 11 (Korea Bizwire) – The Ministry of Land, Infrastructure and Transport has launched a comprehensive investigation into corporate vehicle registrations this year, following reports of companies attempting to circumvent new regulations requiring green license plates on corporate vehicles worth over 80 million won. The distinctive green plates, introduced early this year, are reportedly being [...]
SEOUL, Nov. 11 (Korea Bizwire) – A month after Netflix’s global culinary competition sensation “Culinary Class Wars” aired its finale, the show faces mounting controversies as allegations of financial misconduct, illegal business operations, and personal scandals have emerged around several contestants. Lee Young-sook, 69, celebrated on the show as a “master of Korean cuisine,” faces legal [...]
SEOUL, Nov. 11 (Korea Bizwire) – South Korea’s data protection watchdog has imposed new penalties on Meta, Facebook’s parent company, for collecting sensitive personal information from Korean users, including their political views, for advertising purposes. The latest fine brings total penalties against Meta in South Korea to approximately 60 billion won. The Personal Information Protection Commission [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korea plans to cut 1.6 million tons of greenhouse gas emissions each year from 2030 by utilizing cattle feces as a new source of energy, the government said Friday. Under the project, Korea Southern Power Co. will build related facilities and generate power, daily using 4,000 tons of [...]