SEOUL, July 7 (Korea Bizwire) — The Korea H2 Business Summit, a hydrogen council established primarily by major companies such as Hyundai Motor, SK and POSCO, on Wednesday set up a fund to promote the hydrogen industry. The fund worth 500 billion won (US$383 million) will be established via investments from domestic member companies and [...]
SEOUL, July 6 (Korea Bizwire) – June Huh, the Korean American mathematician who won this year’s prestigious Fields Medal, said Wednesday the ability to work together as a team in large projects has become important in the field of modern advanced mathematics, adding that such a process has an “addictive nature that is hard to [...]
SEOUL, July 6 (Korea Bizwire) — More than 8 in 10 South Korean consumers have the experience of ‘value consumption’ in which consumers choose products and services based on their values and faith, a survey showed Tuesday. Lotte Members, the membership service for Lotte Group companies, conducted a survey of 1,500 men and women in [...]
WASHINGTON, July 4 (Korea Bizwire) — A U.S. bill is seeking to express concerns over the proposed abolishment of South Korea’s Ministry of Equality and Family, the bill showed Monday. The House of Representatives bill on the 2023 budget for the state department will also urge the secretary of state to remain “actively engaged” in promoting [...]
SEOUL, July 3 (Korea Bizwire) — With more people returning to the office amid easing of social distancing restrictions, instances of workplace harassment have also been on the rise, a survey showed Sunday. According to a poll by Embrain Public, conducted between June 10 and 16 on 1,000 office workers aged 19 or older, 29.6 [...]
SEOUL, July 1 (Korea Bizwire) — Amid soaring prices, Koreans are buying lunchboxes at convenience stores or making their own lunches to save money as a so-called ‘lunchflation’ phenomenon takes hold. “I can save 3,000 to 5,000 won (US$2.31-3.85) each time I make a lunchbox,” said a 28-year-old office worker surnamed Shin. “I’m worried that [...]
SEOUL, July 1 (Korea Bizwire) — A recent public opinion survey showed that those who support the idea of raising the age hurdle for offering free access and basic pensions for seniors outnumber those who oppose it by a significant margin. Embrain Public, KSTAT Research, Korea Research and Hankook Research jointly conducted a National Barometer [...]
SEOUL, June 28 (Korea Bizwire) — As the U.S. Supreme Court reignites abortion debate following its decision to overturn its 1973 abortion ruling known as Roe v. Wade, South Korea has yet to introduce legislation that enforces abortion rights. In South Korea, one can easily find advertisements about pregnancy interruptions on social media and portal [...]
SEJONG, June 28 (Korea Bizwire) — The proportion of one-person households in South Korea is expected to reach nearly 40 percent in 2050 due to a delay in marriages and rapid aging, a government estimate showed Tuesday. The number of households consisting of one member is forecast to reach 9.05 million in 2050, taking up [...]
SEOUL, June 28 (Korea Bizwire) — South Korean Protestant churches are going all-out to bring back Christians who stayed away from onsite worship due to the COVID-19 pandemic. The Laity Ministry Development Center of the New Eden Church in Yongin, Gyeonggi Province and various parishes are visiting churchgoers’ homes and giving them handwritten letters, bible [...]