SEOUL, Jan. 3 (Korea Bizwire) — Five electric vehicle models from Hyundai Motor Group are set to qualify for a $7,500 consumer tax credit under the U.S. Inflation Reduction Act (IRA), a development expected to boost the automaker’s competitiveness in the American market. According to the U.S. Department of Energy, Hyundai’s Ioniq 5, Ioniq 9, [...]
SEOUL, Jan. 3 (Korea Bizwire) — The release of Squid Game 2 on Netflix has ignited global fascination with traditional Korean games, particularly the childhood pastime of “Gonggi,” a variation of jacks. Since its debut on December 26, 2024, the series has captivated audiences worldwide, logging nearly 500 million viewing hours in its first week [...]
SEOUL, Jan. 2 (Korea Bizwire) — The Ministry of Food and Drug Safety (MFDS) announced significant reforms to streamline drug approval processes in 2025, including reducing the time required for registering imported active pharmaceutical ingredients (APIs) and simplifying compliance procedures for low-risk manufacturers. A dedicated task force will now handle new drug approvals, increasing company consultations [...]
BUSAN, Jan. 2 (Korea Bizwire) — Veterinary healthcare workers in Busan are raising alarms about radiation exposure during routine animal CT scans, highlighting growing occupational safety concerns in the city’s burgeoning pet care industry. “Unlike human patients, animals need to be physically restrained during CT scans, which means our hands are routinely exposed to radiation,” a [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s industry and defense ministries on Thursday signed an agreement to expand cooperation in using 3D printing technology to produce discontinued military parts. The two ministries have been using 3D printing technology since 2017 to produce parts difficult to procure for warships and tanks, with the latest agreement [...]
SEOUL, Jan. 2 (Korea Bizwire) – South Korea’s Ministry of Environment announced on January 1 a series of policy changes for 2025, including enhanced subsidies for young buyers of electric vehicles (EVs) and expanded environmental initiatives. Young individuals aged 19 to 34 purchasing their first EV will now receive a 20% additional subsidy on top [...]
OXFORD, Jan. 2 (Korea Bizwire) — In 2006, renowned British demographer David Coleman, now 78 and an emeritus professor at Oxford University, made a stark prediction at a UN population forum: South Korea could become the first nation to face population extinction. Meeting at his Oxford home on December 28, Coleman reflected on his earlier warning, [...]
SEOUL, Jan. 2 (Korea Bizwire) — Acting President Choi Sang-mok directed the government on Thursday to expedite the provision of emergency living expenses to the families of victims of the tragic plane crash that claimed 179 lives. Choi’s order comes after the Jeju Air plane, carrying 181 people, belly-landed and exploded at an airport in [...]
SEOUL, Jan. 2 (Korea Bizwire) — The state anti-corruption agency is likely to proceed with a warrant to detain impeached President Yoon Suk Yeol as early as Thursday after a Seoul court granted the warrant over his brief imposition of martial law. The Seoul Western District Court issued the warrant against Yoon on Tuesday on [...]
GWANGJU, Jan. 2 (Korea Bizwire) — The first funeral for the victims of the fatal Jeju Air plane crash was held Thursday, five days after the disaster at Muan International Airport in southwestern South Korea claimed the lives of 179 people. The first funeral for the victim, whose identity was withheld, occurred at a funeral [...]