SEOUL, Dec. 11 (Korea Bizwire) – The demographic cohort exhibiting the highest degree of media literacy, denoting a critical understanding of media content, is individuals in their 30s, with men slightly surpassing women in gender-related literacy. According to a study conducted by Koh Heungseok, a professor of media and culture at Kunsan National University, titled “Regional [...]
CHUNCHEON, Dec. 11 (Korea Bizwire) – South Korea’s recent initiative to combat invasive fish species using native species like the ssogari, a type of Asian perch, has been found largely ineffective, raising concerns over potential harm to indigenous fish populations. On October 10, authorities in Gangwon Province reported that while using native species such as ssogari [...]
SEOUL, Dec. 11 (Korea Bizwire) – Fierce talent competition has prompted Samsung Electronics and SK Hynix to ease hiring criteria in the semiconductor industry. In response to a critical shortage of skilled labor in the semiconductor industry, both Samsung Electronics and SK Hynix have adopted a strategic approach to attract talent. Notably, SK Hynix has recently [...]
SEOUL, Dec. 9 (Korea Bizwire) – A recent court victory for South Korean victims of Japan’s wartime sexual slavery was confirmed Saturday after Japan decided not to appeal the earlier ruling, sources said. On Nov. 23, the Seoul High Courthad overturned a lower court’s rejection of a damages suit filed by “comfort women” and ordered [...]
SEOUL, Dec. 8 (Korea Bizwire) – Starting from December 15, a significant relaxation of existing regulations for remote medical consultations, including allowing first-time consultations during evenings and holidays, will be implemented in South Korea. However, the response from the industry, touted as beneficiaries of these changes, is not as positive as anticipated. The prevailing sentiment stems [...]
WASHINGTON, Dec. 7 (Korea Bizwire) — House and Senate negotiators released their compromise draft of an annual defense policy bill Thursday, which calls for maintaining 28,500 U.S. troops in South Korea and deepening nuclear deterrence coordination between Seoul and Washington. They unveiled the final draft of the National Defense Authorization Act (NDAA) for the 2024 [...]
SEOUL, Dec. 8 (Korea Bizwire) — The Australian subsidiary of Hanwha Aerospace signed a 3.1 trillion won (US$2.4 billion) deal Friday to sell 129 Redback infantry fighting vehicles to Australia, South Korea’s arms procurement agency said. Hanwha Defense Australia struck the contract with Australia’s Capability Acquisition and Sustainment Group in Melbourne, the Defense Acquisition Program [...]
SEOUL, Dec. 8 (Korea Bizwire) — North Korea on Friday called on its people to climb up Mount Paektu in winter to better learn about “revolutionary spirits.” The Rodong Sinmun, the main newspaper, reported that around 120,000 people at some 2,400 organizations have gone up Mount Paektu so far along the path on which North [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korea is expected to begin the process to dismantle the now-defunct Kori-1 nuclear reactor next year, the industry ministry said Friday. As the country’s first commercial nuclear power plant, the Kori-1 reactor in the southeastern city of Busan was permanently closed in June 2017 after some 40 years [...]
SEOUL, Dec. 8 (Korea Bizwire) — Vice finance ministers of South Korea, China, Japan and the Association of Southeast Asian Nations (ASEAN) have agreed to improve a currency swap mechanism as part of efforts to boost overall financial cooperation, Seoul’s finance ministry said Friday. The consensus was reached during the two-day regular meeting of the [...]