SEOUL, Nov. 18 (Korea Bizwire) – The government has designated Korea Zinc Co.’s high-nickel precursor manufacturing technology as a national core technology amid a tussle for control of the world’s biggest refined zinc producer, according to the company Monday. Korea Zinc has been in a monthslong battle to fend off a takeover bid by its [...]
SEOUL, Nov. 18 (Korea Bizwire) — The unification ministry said Monday it is reviewing measures to reclaim loans granted to North Korea for building inter-Korean roads and train tracks after the North blew them up in October. The unification ministry unveiled the tentative measures as part of its policy plan for the second half of [...]
POHANG, Nov. 18 (Korea Bizwire) – A civic organization in Pohang, North Gyeongsang Province, has launched a public campaign to boost morale at local steel companies, hanging 20 encouraging banners across the city on November 16. The “People Making Happy Pohang” group, led by Park Je-seo, displayed 15 banners supporting POSCO and five supporting Hyundai Steel, [...]
SEOUL, Nov. 18 (Korea Bizwire) – South Korean lawmakers boast the highest level of academic credentials among parliamentarians worldwide, with more than one-third holding doctoral degrees, according to a recent academic study featured in The Economist on November 14. The comprehensive research, conducted by scholars from six institutions including Duke University, analyzed the educational backgrounds of [...]
SEOUL, Nov. 18 (Korea Bizwire) – Immigration to South Korea surged by 50.9% in 2023, placing it second among OECD nations in terms of year-over-year growth, powered in part by the global popularity of Korean culture, according to a new OECD report. The report, released on November 14, revealed that OECD member countries welcomed a record-breaking [...]
JEJU, Nov. 16 (Korea Bizwire) – In a testament to shared culinary heritage across East Asian waters, a unique food tasting event comparing Jeju Island’s “gogi-guksu” and Okinawa’s “soki soba” drew enthusiastic crowds at a cultural exchange program in Okinawa. The comparative tasting was held on November 14 as part of the 2024 Resort Technology Expo [...]
SEOUL, Nov. 16 (Korea Bizwire) – South Korean health authorities have issued an official notice to medical institutions urging caution in prescribing Wegovy, a recently introduced weight-loss medication, amid concerns over its indiscriminate prescription. According to medical sources on November 15, the Ministry of Health and Welfare distributed a notice titled “Cooperation Request Regarding Prescription of [...]
JEJU, Nov. 15 (Korea Bizwire) – The Jeju April 3 Peace Memorial, a somber testament to one of South Korea’s darkest chapters, has seen a dramatic surge in visitors following Han Kang’s historic Nobel Prize in Literature win for a body of work that includes her novel about the 1948 massacre. According to the Jeju 4.3 [...]
SEJONG, Nov. 15 (Korea Bizwire) – The mandatory closing day for large supermarkets in a major tourist district in Seoul will be changed from weekends to weekdays, the industry ministry said Friday, adding to the convenience of its residents and foreign tourists alike. Starting later this month, large supermarkets in Seoul’s central district of Jung [...]
SEOUL, Nov. 15 (Korea Bizwire) – In response to ongoing inflation, South Korean consumers are expected to evolve beyond simple cost-cutting measures to adopt more sophisticated “wiser wallets” spending patterns in the coming year, according to a new global consumer trends report. The “2025 Global Consumer Trends Report,” released on November 14 by global data analytics [...]