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 [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korea and the United States have agreed to hold a new table-top exercise against space-based threats next year, Seoul’s defense ministry said Friday, amid efforts to bolster security cooperation in the increasingly important domain. Defense officials from the two countries agreed to stage the discussion-based exercise for the [...]
SEOUL, Nov. 9 (Korea Bizwire) – North Korea staged GPS jamming attacks for the second consecutive day Saturday, affecting several ships and dozens of civilian aircraft, South Korea’s military said. The jamming attacks were conducted in the North’s Haeju and Kaesong areas, the Joint Chiefs of Staff (JCS) said, warning vessels and civilian aircraft [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korean markets experienced sharp divergence on November 7 as Donald Trump’s election victory triggered significant movements across different sectors, with shipbuilding companies surging while clean energy stocks tumbled. The former U.S. president’s conversation with South Korean President Yoon Suk Yeol, during which he expressed interest in bilateral shipbuilding cooperation, [...]
SEOUL, Nov. 8 (Korea Bizwire) – In a significant demographic shift, 1 in 10 marriages in South Korea last year was multicultural, while children born to multicultural families accounted for 5.3% of all births, according to statistics released on November 7 by Statistics Korea. The annual report on multicultural population dynamics revealed that multicultural marriages increased [...]
SEOUL, Nov. 8 (Korea Bizwire) – According to a new study released on November 7 by the Korea CXO Research Institute, employees at Korea’s top 100 companies face steep odds in reaching executive positions, with chances falling below 1%. The study, which examined promotion possibilities at the country’s 100 largest listed companies by revenue, revealed that [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korea will hold a commemorative event next week honoring fallen soldiers who fought under the United Nations flag during the 1950-53 Korean War, the veterans ministry said Friday. The annual “Turn Toward Busan” event will take place at the U.N. Memorial Cemetery in Busan, 320 kilometers southeast of [...]
SEOUL, Nov. 8 (Korea Bizwire) – Samsung Electro-Mechanics held its fourth annual “Blue Elephant Forum” on November 6 at the Samsung Financial Campus in Seocho District, Seoul, to discuss cyberbullying prevention strategies and share the results of its flagship social responsibility program. Launched in 2020, the “Blue Elephant” initiative aims to cultivate prosocial capabilities among youth, [...]
SEOUL, Nov. 8 (Korea Bizwire) – A Chinese national and former SK Hynix employee has been sentenced to 18 months in prison and fined 20 million won for misappropriating critical semiconductor technology before taking a position at Huawei. The Yeoju branch of the Suwon District Court found the 36-year-old female defendant guilty of violating South Korea’s [...]
SEOUL, Nov. 7 (Korea Bizwire) — Donald Trump’s return to the White House is expected to have a significant impact on the export-driven South Korean economy and increase market volatility as he has warned of protectionist policies, decoupling from China and other drastic policy shifts across the board, experts said Thursday. “If the policy stance [...]