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TXT’s New Album Sold 1.8 mln Copies on 1st Day, Highest After BTS

TXT’s New Album Sold 1.8 mln Copies on 1st Day, Highest After BTS

SEOUL, Jan. 28 (Korea Bizwire) — K-pop boy group Tomorrow X Together’s latest album sold more than 1.8 million copies on the first day of its release, the group’s agency said Saturday. “The Name Chapter: Temptation,” the quintet’s fifth EP, sold 1,868,919 copies Friday, BigHit Music said, quoting data from local album sales tracker Hanteo [...]

Growing Number of Students Dropping Out of Other Programs to Enroll in Med School

Growing Number of Students Dropping Out of Other Programs to Enroll in Med School

SEOUL, Jan. 27 (Korea Bizwire) — The number of dropouts has been increasing at major universities in Seoul in the last three years, largely due to the increasing number of students enrolling in medical school. Jongno Academy, an educational institution for college admissions, reported that there were 7,111 dropouts from 11 major universities in Seoul [...]

Survey Reveals Alarming Prevalence of Smartphone Use Behind the Wheel

Survey Reveals Alarming Prevalence of Smartphone Use Behind the Wheel

SEOUL, Jan. 27 (Korea Bizwire) — Despite progress in promoting safe driving habits, a significant portion of the South Korean population still use smartphones while driving or walking through crosswalks, a government data showed Thursday. According to the Ministry of Land, Infrastructure and Transport, last year’s traffic culture index reached 81.18 points, an increase of [...]

LG Electronics Q4 Operating Profit Collapses on Slumping Demand, Rising Cost

LG Electronics Q4 Operating Profit Collapses on Slumping Demand, Rising Cost

SEOUL, Jan. 27 (Korea Bizwire) — LG Electronics Inc. said Friday its operating profit for the fourth quarter nosedived more than 90 percent on a drop in demand for home appliances and rising promotion cost amid global macroeconomic woes. The tech firm said operating income for the three months ending in December fell 90.7 percent [...]

POSCO Chemical’s 2022 Operating Income at Record High on Robust EV Battery Components Demand

POSCO Chemical’s 2022 Operating Income at Record High on Robust EV Battery Components Demand

SEOUL, Jan. 27 (Korea Bizwire) — POSCO Chemical Co., a major South Korean manufacturer of secondary battery materials, said Friday it posted record-high operating profit last year, boosted by solid demand for electric vehicle (EV) battery components. Operating income reached 165.9 billion won (US$134.7 million) in the January-December period, up 36.3 percent from the previous [...]

Kia Q4 Net Jumps 63 pct on Improved Chip Supplies, SUV Demand

Kia Q4 Net Jumps 63 pct on Improved Chip Supplies, SUV Demand

SEOUL, Jan. 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Friday its fourth-quarter net profit soared 63 percent from a year earlier on improved chip supplies, strong demand for its high-end SUVs and a weak won. Net profit for the three months ended Dec. 31 jumped to 2.037 trillion won (US$1.65 billion) [...]

Growing Financial Benefits for Local Residents Investing in Solar and Wind Power

Growing Financial Benefits for Local Residents Investing in Solar and Wind Power

SEOUL, Jan. 27 (Korea Bizwire) — Financial benefits for residents, farmers and fishermen who have invested in the construction of solar power plants or wind farms are about to increase, the industry ministry said Thursday. The Ministry of Trade, Industry and Energy announced that it will put up an administrative notice to amend several parts [...]