SEOUL, Feb. 12 (Korea Bizwire) — Yuhan-Kimberly has verified the greenhouse gas reduction benefits of its hand towel recycling campaign, “Bicycle,” through a Life Cycle Assessment (LCA), the company announced on February 12. LCA is a comprehensive analysis method that quantifies the environmental impact of a product or service from raw material extraction through manufacturing, distribution, [...]
SEOUL, Feb. 12 (Korea Bizwire) — The Korea Transportation Safety Authority (KTSA) reported on February 11 that approximately 70% of elderly drivers felt they received more courteous treatment and right-of-way considerations from other drivers after displaying “Senior Driver” signs on their vehicles. The initiative, launched in September last year in Busan, aimed to promote a more [...]
WASHINGTON, Feb. 11 (Korea Bizwire) – Two U.S. senators have introduced a bill to allow the U.S. Navy to build naval vessels in a trusted ally’s shipyard in order to modernize and expedite construction and procurement processes for U.S. maritime forces, according to one of the lawmakers. On Wednesday last week, Sen. Mike Lee (R-UT) [...]
SEOUL, Feb. 12 (Korea Bizwire) – South Korea’s antitrust regulator said Wednesday that it has launched a reinvestigation into allegations that the country’s four major banks colluded on setting lending limits, the loan-to-value (LTV) ratio. The Fair Trade Commission (FTC) has dispatched its investigators to the headquarters of Shinhan Bank and Woori Bank as part [...]
SEOUL, Feb. 12 (Korea Bizwire) – A man who killed nine people after ramming his car into pedestrians near Seoul City Hall was sentenced Wednesday to 7 1/2 years in prison without forced labor. The 69-year-old, surnamed Cha, killed nine people and injured five others in July after driving his car into a one-way road [...]
SEOUL, Feb. 12 (Korea Bizwire) – The central regions were hit by several centimeters of snow on Wednesday, leading to multiple traffic accidents on slippery roads, and flight delays and cancellations. The Korea Meteorological Administration issued a heavy snow advisory for northern Gyeonggi Province, southern Gangwon Province, the central province of North Chungcheong and the [...]
CHANGWON, Feb. 12 (Korea Bizwire) — Jewelry store owners in South Korea’s Changwon region are on high alert following a recent theft of millions of won worth of precious metals, amid record-high gold prices. According to the Korea Precious Metals Retailers Association on February 11, jewelry store owners in South Gyeongsang Province are sharing descriptions of [...]
SEOUL, Feb. 12 (Korea Bizwire) – North Korea has named two national players who won silver medals in the Paris 2024 Olympic Games mixed doubles event as among the top 10 athletes of the year, state media reported Wednesday. Ri Jong-sik and Kim Kum-yong, who brought home North Korea’s first medal in the Paris Olympics, [...]
SEOUL, Feb. 12 (Korea Bizwire) — The South Korean government is intensifying its suicide prevention efforts in collaboration with local authorities as suicide deaths are expected to continue their upward trend from last year. The Ministry of Health and Welfare announced on February 11 that Second Vice Minister Park Min-soo held a meeting with deputy governors [...]
SEOUL, Feb. 12 (Korea Bizwire) — The Korea Minting and Security Printing Corporation (KOMSCO) has suspended gold bar sales as global demand for the precious metal surges, fueled by renewed fears of a tariff war under newly re-elected U.S. President Donald Trump. On April 10, gold spot prices closed at $2,908.17 per troy ounce, marking the [...]