NEW YORK, Sept. 22 (Korea Bizwire) — South Korean President Moon Jae-in used his last U.N. General Assembly speech this week for a bid to revive hopes of a declaration to formally end the Korean War. In an unusual move, he publicly mentioned the names of signatories to the envisioned declaration, as he addressed the [...]
SEOUL, Sept. 22 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp.’s environment friendly vehicle sales in the United States more than doubled in August compared with a year ago, led by solid demand for their hybrid sport utility vehicles, industry data showed Wednesday. Hyundai and Kia sold a combined 8,312 eco-friendly cars [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea is planning to spend about 23.2 billion won (US$19.5 million) in next year’s official development assistance (ODA) projects for war-torn Afghanistan, a document showed Wednesday. The Office for Government Policy Coordination under the Prime Minister’s Office said in the document submitted to Rep. Tae Young-ho of the [...]
INCHEON, Sept. 22 (Korea Bizwire) — South Korea has imported twice as many cats and dogs this year compared with two years ago as people spend more time at home amid the protracted COVID-19 pandemic, customs data showed Wednesday. According to the data by the regional customs office in Incheon, a main gateway for trade [...]
SEOUL, Sept. 21 (Korea Bizwire) — The Organization for Economic Cooperation and Development (OECD) on Tuesday raised its 2021 growth outlook for the South Korean economy to 4 percent, amid the country’s strong exports and fiscal support. The latest outlook is a 0.2 percentage-point rise from its May estimate of 3.8 percent growth for Asia’s [...]
SEOUL, Sept. 21 (Korea Bizwire) — Traffic accidents involving personal mobility devices, such as electric scooters, soared fourfold from 2018 to 2020, government data showed Tuesday, raising alarm over the safety of riders. According to the data from the National Police Agency, disclosed by Rep. Huh Young of the Democratic Party, the number of traffic [...]
SEOUL, Sept. 20 (Korea Bizwire) — South Korean superband BTS addressed the U.N. General Assembly Monday and praised the world’s young people for welcoming the challenges presented by the COVID-19 pandemic. The septet flew to New York to speak in person at the 76th U.N. General Assembly’s Sustainable Development Goals Moment event as special presidential [...]
SEOUL, Sept. 20 (Korea Bizwire) — South Korea has clinched top spot in Asia in global innovation rankings released on Monday by a United Nations agency, while ranking fifth globally. In the Global Innovation Index 2021 rankings of about 130 economies announced by the World Intellectual Property Organization (WIPO), Korea beat Singapore, Japan and China [...]
SEOUL, Sept. 20 (Korea Bizwire) – Over six out of 10 suspended sentences handed down for sex crimes cited “sincere remorse” by the offenders in offering lenient rulings, a ruling party lawmaker said Monday. According to Rep. Park Sung-joon of the ruling Democratic Party, the number of sex crime cases between 2016 and 2020 that [...]
SEOUL, Sept. 17 (Korea Bizwire) — With the expansion of the ‘quick commerce market’, which offers guaranteed delivery within an hour, South Korean firms are employing gas stations as warehouses and logistics hubs. It has become a new alignment of interest between the quick commerce industry that needs logistics hubs in the heart of the [...]