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Generation 3040 Emerging as a ‘Big Player’ in Gaming Industry

Generation 3040 Emerging as a ‘Big Player’ in Gaming Industry

SEOUL, May 2 (Korea Bizwire) — Video games, which were previously considered the sole domain of children and teenagers, have recently become sensational among people in their 30s and 40s due to the influence of the “retro trend boom.” According to an analysis of customer data conducted by E-Mart Inc. for three years from 2017 [...]

Cancer Deaths Up 72 pct Over Past Ten Years

Cancer Deaths Up 72 pct Over Past Ten Years

SEOUL, May 2 (Korea Bizwire) – Cancer deaths have increased by 72 percent in the past decade, with lung cancer being most commonly diagnosed, followed by liver, stomach, pancreas, colon and breast cancer. According to the Korea Insurance Development Institute on Wednesday, the number of life insurance subscribers who died of cancer increased from 18,144 [...]

Overtime Hours on Steady Decline at Companies Subject to 52-hour Workweek

Overtime Hours on Steady Decline at Companies Subject to 52-hour Workweek

SEOUL, Apr. 30 (Korea Bizwire) — The overtime hours average has been on a steady decline at South Korean companies affected by the mandatory 52-hour workweek, a government report said Tuesday. According to the report by the Ministry of Employment and Labor, the average overtime hours per person at manufacturing companies with more than 300 [...]

S. Korea Develops Catalyst That Generates Petrochemical Material Without Byproducts

S. Korea Develops Catalyst That Generates Petrochemical Material Without Byproducts

DAEJEON, Apr. 29 (Korea Bizwire) — A South Korean research team led by professor Song Hyun-joon from Korea Advanced Institute of Science and Technology (KAIST) developed an electrocatalyst that turns more than 70 percent of carbon dioxide into ethylene without causing significant byproducts. Ethylene is one of the primary materials used in the petrochemical industry, [...]

Primary Metal Industries Emit Air Pollution-causing Fine Particles Most: Gov’t Data

Primary Metal Industries Emit Air Pollution-causing Fine Particles Most: Gov’t Data

SEOUL, Apr. 25 (Korea Bizwire) — Primary metal industries, including steel manufacturing and cement, were the largest source of air pollution-causing fine particles among industries as of 2015, government data showed Thursday. The data, submitted by the environment ministry to ruling party lawmaker Shin Chang-hyun, said the industries topped the list of fine particle sources [...]

52-hour Workweek Policy Triggers Consumption Changes

52-hour Workweek Policy Triggers Consumption Changes

SEOUL, Apr. 23 (Korea Bizwire) — Since the implementation of the 52-hour workweek, netizens’ searches for restaurants have decreased, while the use of home-training and interior-related applications has surged, the survey showed. According to Daehong Communications Inc., an advertising agency affiliated with Lotte Group, an analysis of changes in consumer lifestyle based on its social [...]

National Pension Beneficiaries See Big Drop in Purchasing Power After Retirement

National Pension Beneficiaries See Big Drop in Purchasing Power After Retirement

SEOUL, Apr. 23 (Korea Bizwire) — The Hana Institute of Finance, a research unit of Hana Financial Group Inc., has suggested in its “Report on the Retirement Life of South Korean National Pensioners” published on Monday that nearly half of the recipients of the national pension plan see a 50 percent drop in their purchasing [...]

S. Korean Scientists Develop Efficient, Cheap Way to Make Hydrogen from Water

S. Korean Scientists Develop Efficient, Cheap Way to Make Hydrogen from Water

SEOUL, Apr. 23 (Korea Bizwire) — South Korean scientists on Tuesday said they have developed an efficient and affordable way to make hydrogen, opening new potential for the production of the clean energy resource. The researchers led by Hyeon Taeghwan, director of the Center for Nanoparticle Research at the Institute for Basic Science, and Seoul [...]