SEOUL, Jun. 17 (Korea Bizwire) – As electric vehicles (EVs) with extended driving ranges enter the mainstream South Korean market, consumers’ interest in battery technology—a crucial factor determining an EV’s range—is expected to intensify. Some industry observers predict that the proliferation of affordable EVs could ignite fierce competition in battery development. According to auto industry analysts, [...]
SEOUL, June 16 (Korea Bizwire) – Household loans extended by five major lenders in South Korea have risen more than 2.1 trillion won (US$1.5 billion) so far this month, industry data showed Sunday. Outstanding household loans extended by the five top lenders reached 705.4 trillion won as of June 13, compared with 703.2 trillion won [...]
SEOUL, June 14 (Korea Bizwire) – The number of South Koreans taking their own lives soared nearly 34 percent in January from a year earlier, data showed Friday. The number of suicides reached 1,321 in January, an increase of 334 from the previous year, according to data from the Ministry of Health and Welfare, which [...]
SEOUL, Jun. 14 (Korea Bizwire) – An analysis by the American consulting firm Act-Geo of seismic data from a deep-water energy exploration project in the East Sea has sparked controversy, with questions emerging about the verification process and accuracy of claims made by the firm’s adviser. Vitor Abreu, an adviser to Act-Geo, which was hired to [...]
SEOUL, Jun. 12 (Korea Bizwire) – Despite spending 47 trillion won last year to tackle the country’s chronically low birth rate, about half of that budget was allocated to programs unrelated to the core issue, experts warned, calling for a restructuring of government spending to better address the demographic crisis. At a seminar on June 11 [...]
SEOUL, Jun. 12 (Korea Bizwire) – While “no kids zones” barring children’s entry are a familiar concept, a fitness center in Incheon has ignited debate after declaring itself a “no ajummas allowed” establishment, using a term that can be derogatory toward middle-aged Korean women. The controversy began when a post circulated on an online community for [...]
SEOUL, Jun. 11 (Korea Bizwire) – The Catholic University of Korea’s College of Medicine has come under scrutiny for offering paid anatomy lectures utilizing donated cadavers to non-medical professionals such as health trainers and Pilates instructors, sparking controversy. According to medical community insiders on June 10, a private company providing medical lectures to exercise instructors has [...]
SEOUL, Jun. 10 (Korea Bizwire) – Metabolic syndrome, characterized by the simultaneous occurrence of abdominal obesity, high blood pressure, high blood sugar, and dyslipidemia, may not be a severe condition itself. However, its importance lies in the significant increase it causes in the risk of developing cardiovascular diseases and diabetes over time, underscoring the necessity for [...]
SEOUL, Jun. 8 (Korea Bizwire) –As the United States Congress deliberates the Biosecure Act, which would prohibit federal agencies from dealing with certain Chinese biotech companies, South Korean pharmaceutical contract development and manufacturing organizations (CDMOs) are seizing the chance to attract new clients. The proposed legislation, which has reached the House floor for a full [...]
SEOUL, Jun. 7 (Korea Bizwire) – Facing mounting losses due to the emergence of formidable “C-commerce” rivals like Alibaba’s AliExpress and Temu, South Korea’s major e-commerce players have embarked on aggressive cost-cutting measures. Industry experts predict that these efforts to bolster profitability, rather than pursue growth at any cost, will continue throughout the year as external [...]