SEOUL, Aug. 12 (Korea Bizwire) — The spread of COVID-19 led to a 30-percent increase in the monthly food delivery app usage per person last year, a private think tank said Thursday. The Hana Institute of Finance analyzed Hana Card Co.’s transaction data from January 2020 to late last year, which showed that each person used [...]
GIMHAE, Aug. 12 (Korea Bizwire) – Hydrogen fuel-cell buses made by a South Korean manufacturer will be deployed as intercity buses nationwide this year. The Ministry of Environment, joined by three metropolitan cities and provinces, will test drive a high-floor hydrogen-powered bus, to be released by Hyundai Motor Co. later this year for one intercity route, three [...]
SEOUL, Aug. 12 (Korea Bizwire) — Private and public sectors have teamed up to come up with new ideas for sending aid to developing countries. The Korea International Cooperation Agency (KOICA), South Korea’s overseas aid agency, announced Thursday that it had selected 12 new proposals for this year’s public cooperation project. The selected proposals included [...]
SEOUL, Aug. 12 (Korea Bizwire) — The state-run Korea Electric Power Corp. saw its net loss widen sharply in the second quarter of the year on frozen electricity rates amid higher fuel costs. The consolidated net loss came to 4.84 trillion won (US$3.7 billion) in the April-June period, compared with a loss of 661.97 billion [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea has so far nationalized 5.04 million square meters of land owned by Japanese citizens and Japanese companies during the 1910-45 colonial rule, the state procurement agency said Thursday. The official appraisal price of this land is estimated at 150 billion won (US$114 million) and the size of [...]
SEOUL, Aug. 12 (Korea Bizwire) — Hyundai Rotem Co., a tank and train-making affiliate of Hyundai Motor Group, has clinched an order for the development of a multi-legged robot for military use for the first time in South Korea. The company announced on Thursday that it signed an agreement with the Defense Industry Technology Center [...]
SEOUL, Aug. 12 (Korea Bizwire) — The Ministry of Justice has granted Korean citizenship to some descendants of independence fighters against Japan’s colonial rule of the Korean Peninsula. The ministry held a ceremony on Thursday, four days ahead of the 77th anniversary of Korea’s liberation from the 1910-45 colonial rule, and issued citizenship certificates to [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s dominant internet portal operator Naver Corp. said Thursday it had updated its artificial intelligence (AI)-based voice recording service CLOVA Note and added an AI summary function. The new function makes use of Naver’s supersized AI platform HyperCLOVA to divide the section of dialogue by theme and automatically [...]
SEOUL, Aug. 11 (Korea Bizwire) — The torrential rain that drenched the greater Seoul area resulted in thousands of cars being submerged, putting general insurance companies on alert. A record-breaking downpour that swept through Seoul, Gyeonggi Province and Incheon last Monday resulted in 12 general insurance companies receiving 9,189 reports of submerged cars as of [...]
SEOUL, Aug. 11 (Korea Bizwire) — While South Koreans are now less exposed to the risk of depression and anxiety following the end of social distancing measures, those who are considering suicide has gone up proportionally since the pre-COVID era. The Ministry of Health and Welfare conducted a nationwide survey of 2,063 adults in June, [...]