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Hanwha Aerospace to Provide 152 K9 Howitzers to Poland in 3.45 Tln-won Deal

Hanwha Aerospace to Provide 152 K9 Howitzers to Poland in 3.45 Tln-won Deal

SEOUL, Dec. 4 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean defense company, said Monday it has signed a 3.45 trillion-won (US$2.62 billion) contract with the Polish government to provide 152 K9 self-propelled howitzers to the European country by 2027. The deal forged with Warsaw’s Armament Agency is part of a larger framework agreement [...]

No. of Travelers to U.S., Japan, Middle East via Incheon Airport Fully Recovers to Pre-pandemic Levels

No. of Travelers to U.S., Japan, Middle East via Incheon Airport Fully Recovers to Pre-pandemic Levels

SEOUL, Dec. 3 (Korea Bizwire) — The numbers of travelers to Japan, the United States and the Middle East through Incheon International Airport have fully recovered to pre-pandemic levels, while the number of those heading to China still remains sluggish, data showed Sunday. In the first 11 months, the numbers of passengers who traveled to [...]

2-yr Grace Period to Be Sought for Small Firms from Serious Industrial Accident Penalties

2-yr Grace Period to Be Sought for Small Firms from Serious Industrial Accident Penalties

SEOUL, Dec. 3 (Korea Bizwire) — An additional two-year grace period will be sought for small companies as the workplace safety law punishing employers for serious industrial accidents is set to expand to companies with less than 50 employees, ruling party officials said Sunday. The decision was announced by the ruling People Power Party (PPP) following a consultative meeting among officials from the presidential office, the government and the ruling party at the [...]

Scientists Discover Microplastics in Dokdo, Ulleungdo Seagull Feathers

Scientists Discover Microplastics in Dokdo, Ulleungdo Seagull Feathers

SEOUL, Dec. 4 (Korea Bizwire) – In a surprising revelation, researchers from Kyung Hee University’s Korean Institute of Ornithology have uncovered a disconcerting truth – microplastic contamination has infiltrated the feathers of seagulls residing on the East Sea islands of Dokdo and Ulleungdo.  Published in the November issue of the international journal Marine Pollution Bulletin, the [...]

More than Half of Koreans Over 65 Want to Keep Working, Survey Finds

More than Half of Koreans Over 65 Want to Keep Working, Survey Finds

SEOUL, Dec. 4 (Korea Bizwire) – In a recent survey conducted by the Korean Employment Information Service (KEIS), it has been revealed that over 50 percent of individuals aged 65 to 79, who have surpassed the legal retirement age of 60, express a strong desire to continue working. Surprisingly, approximately 1 in 5 of these individuals [...]

North Korea Issues Warning of an Imminent ‘Physical Clash’ or War on the Korean Peninsula, Deeming it Inevitable Rather than Possible

North Korea Issues Warning of an Imminent ‘Physical Clash’ or War on the Korean Peninsula, Deeming it Inevitable Rather than Possible

SEOUL, Dec. 3 (Korea Bizwire) – North Korea warned Sunday that a “physical clash and war” have become a matter of time on the Korean Peninsula in the wake of the scrapping of an inter-Korean military tension reduction accord, threatening that South Korea will face “total collapse” if it undertakes any hostile act. A North [...]

China Suspends Customs Procedures for Urea Exports to South Korea

China Suspends Customs Procedures for Urea Exports to South Korea

SEOUL, Dec. 3 (Korea Bizwire) – China has halted customs procedures for urea exports to South Korea, prompting the Seoul government to look into the cause, officials said Sunday. China’s customs authorities recently blocked the export of Chinese urea to South Korean companies, but have yet to respond to Seoul’s request for an explanation, according [...]

N. Korea Bristles at U.S. over Comments about Possible Disabling of Spy Satellite

N. Korea Bristles at U.S. over Comments about Possible Disabling of Spy Satellite

SEOUL, Dec. 2 (Korea Bizwire) – North Korea lashed out at the United States on Saturday after a U.S. space official hinted at possible disabling of the North’s military spy satellite launched last week, saying that it will take it as “a declaration of war” against the regime. A spokesperson of the North’s defense ministry [...]