SEOUL, Dec. 19 (Korea Bizwire) — The sea level of South Korea has increased more than 10 centimeters over the past 34 years amid growing concerns over climate change, the government data showed Tuesday. The country’s average coastal surface height rose 10.3 cm from 1989 to 2022, advancing 3.03 millimeters annually, according to the state-run [...]
SEOUL, Dec. 19 (Korea Bizwire) — Benefits for working parents taking a leave of absence to take care of their babies will be increased to a maximum of 39 million won (US$29,981) per couple next year, the labor ministry said Tuesday. The Cabinet approved a revised Employment Insurance Act, reflecting expanded parental benefits, during a [...]
SEJONG, Dec. 19 (Korea Bizwire) – A recent statistical analysis has revealed that three out of every 10 newlywed couples who have married for the first time are double-income, no kids households (‘DINK’), outnumbering other types of couples. According to the ’2022 Newlywed Couples Statistics’ released by Statistics Korea on December 18, out of the 815,357 [...]
JEJU, Dec. 19 (Korea Bizwire) – Known as the ‘Island of Electric Vehicles,’ South Korea’s Jeju Island is set to pilot a new project aimed at recycling used electric vehicle (EV) batteries. The Ministry of Environment, Jeju Special Self-Governing Province, and SF ECO Co., Ltd. announced that they would be signing a memorandum of understanding on [...]
INCHEON, Dec. 19 (Korea Bizwire) – The city of Incheon has introduced a groundbreaking birth policy aimed at addressing the alarming decline in birthrates. In a press release on Monday, Mayor Yoo Jeong-bok acknowledged the national crisis and unveiled the “100 Million+ i Dream” initiative, which pledges 100 million won for every child born in Incheon. [...]
SEOUL, Dec. 18 (Korea Bizwire) — New graffiti was found on the walls of Gyeongbok Palace in central Seoul, officials said Monday, a day after police began hunting down the suspects behind the 44-meter vandalism on the historic site. The police received a report of new graffiti at 10:20 p.m. Sunday. It was found on [...]
SEJONG, Dec. 18 (Korea Bizwire) – In an unprecedented demographic shift, South Korea is expected to witness a significant influx of foreign nationals over the next five decades. According to recent analysis, up to 96,000 foreigners are projected to enter the country annually. This trend aligns with what some demographers are calling the ‘worst-case fertility scenario.’ [...]
SEOUL, Dec. 17 (Korea Bizwire) –Just three weeks ago, on November 29, local media reported the independent development of LPDDR5 DRAM by a Chinese semiconductor company, causing a sense of crisis. ChangXin Memory Technologies, a prominent Chinese DRAM semiconductor company, claimed to have independently developed and mass-produced LPDDR5 DRAM memory chips. If these reports hold [...]
SEOUL, Dec. 17 (Korea Bizwire) – A U.S. nuclear-powered submarine arrived in South Korea on Sunday, Seoul’s defense ministry said, amid concerns North Korea could launch an intercontinental ballistic missile (ICBM) this month. The USS Missouri (SSN-780), a Virginia-class attack submarine, entered a key naval base in Busan, 320 kilometers southeast of Seoul, earlier in [...]
SEOUL, Dec. 16 (Korea Bizwire) –A growing number of Southeast Asian tourists are facing failed attempts to enter South Korea, primarily due to difficulties in obtaining approval through the Korea Electronic Travel Authorization (K-ETA) system. As a result, many are expressing dissatisfaction with Korea’s rigorous travel authorization system and are instead turning to other destinations [...]