SEOUL, Jan. 7 (Korea Bizwire) — North Korea said Tuesday it has successfully test-fired a new intermediate-range ballistic missile (IRBM) tipped with a hypersonic warhead, claiming that the weapons system will reliably deter any rivals in the Pacific region. But the South Korean military said the North’s claimed success of a hypersonic missile launch could [...]
SEOUL, Jan. 7 (Korea Bizwire) — The Oxford English Dictionary has added seven new words from Korean culture, including “dalgona” and “hyung,” in its latest update. The December update, announced Tuesday, incorporated “noraebang,” “maknae,” “jjigae,” “tteokbokki” and “pansori” into the dictionary. It marks the first significant addition of Korean-origin words since September 2021, when 26 [...]
SEOUL, Jan. 7 (Korea Bizwire) — Individuals with serious criminal records will face employment restrictions in online delivery services, such as Baemin and Coupang Eats, as well as in taxi services for disabled people, the transport ministry said Tuesday. Under the revised enforcement ordinances of transportation and services acts approved by the Cabinet, those with [...]
SEOUL, Jan. 7 (Korea Bizwire) — North Korea’s claim of what it called a successful launch of a new intermediate-range ballistic missile (IRBM) tipped with a hypersonic warhead is presumed to be “deception,” South Korea’s military said Tuesday. The assessment came hours after North Korea said it successfully test-fired the missile the previous day, saying [...]
SINAN, Jan. 7 (Korea Bizwire) — A county in South Korea’s South Jeolla Province is breaking new ground with the nation’s first offshore wind power fund designed specifically for local residents. Sinan County announced on January 6 that it had signed a memorandum of understanding with Sinan Ui Offshore Wind and Root Energy to establish a [...]
SEOUL, Jan. 6 (Korea Bizwire) — From January 3 to 6, the streets around Seoul’s Hannam-daero and St. Francesca Monastery became the stage for an extraordinary overnight protest. Braving freezing temperatures and heavy snow, citizens clad in silver emergency blankets demanded the arrest of President Yoon Suk-yeol, accused of treason. Dubbed the “Kisses Protesters” for their [...]
SEOUL, Jan. 6 (Korea Bizwire) — While fewer South Korean game developers are experiencing “crunch” periods—intense stretches of overtime before major releases or updates—the maximum weekly working hours during these periods have risen, according to a new report by the Korea Creative Content Agency. The 2024 Game Industry Labor Environment Survey, published on January 3, revealed [...]
SEOUL, Jan. 6 (Korea Bizwire) — A new study has found that higher income levels are strongly associated with longer, healthier lives in South Korea, with the gap in healthy life expectancy between the richest and poorest nearing nine years. The research, conducted by a team led by Professor Yoon Seok-jun of Korea University’s College [...]
SEOUL, Jan. 6 (Korea Bizwire) — Chinese businesses are making significant inroads into South Korea, diversifying their presence across retail, electric vehicles (EVs), e-commerce, and consumer electronics. This trend reflects a broader shift as Chinese companies seek to offset slowing domestic growth and navigate rising trade barriers in the U.S. and Europe. Retail Resurgence: Miniso’s [...]
SEOUL, Jan. 6 (Korea Bizwire) – South Korea’s employment and labor indicators for women have remained low among members of the Organization for Economic Cooperation and Development (OECD) over the past two decades due partly to the lack of adequate government support and sufficient jobs, a report showed Monday. According to the analysis report by the [...]