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Nearly 8 in 10 S. Koreans Believe Social Media Leads to More Political Division: Survey

Nearly 8 in 10 S. Koreans Believe Social Media Leads to More Political Division: Survey

WASHINGTON, Dec. 6 (Korea Bizwire) — Nearly eight out of 10 South Koreans believe social media leads to more political division, with nearly as many people saying social media makes it easier for people to manipulate others, a survey showed Tuesday. However, more than 60 percent of those surveyed said social media is still a [...]

Gov’t Reviews Feasibility of Mandating Clothing Recycling

Gov’t Reviews Feasibility of Mandating Clothing Recycling

SEOUL, Dec. 5 (Korea Bizwire) — The government is reviewing the idea of imposing recycling obligations on clothing companies. The Ministry of Environment said Sunday that it recently outsourced a study on the so-called Extended Producer Responsibility (EPR), a legislative strategy used by many developed countries to encourage manufacturers to design environmentally friendly products. In [...]

FootballCoin Announces World Cup-Inspired Fantasy Football Contests

FootballCoin Announces World Cup-Inspired Fantasy Football Contests

LONDON, Dec. 3 (Korea Bizwire) — FootballCoin, a blockchain-powered fantasy football game, has announced the launch of the Fantasy Football World Cup 2022. The World Cup-inspired contests provide players with the opportunity to collect all of the player NFTs available in-game, as well as earn crypto prizes. Established in 2017, FootballCoin was built using blockchain [...]

Disney+ Makes Big Bet on K-content for Growth in OTT Market

Disney+ Makes Big Bet on K-content for Growth in OTT Market

SEOUL, Dec. 2 (Korea Bizwire) — As Korean dramas and films enthrall a wider global audience, entertainment giant Disney now looks ready to ride the Korean Wave to expand its presence in the thriving streaming market. Following streaming leader Netflix’s international success of “Squid Game,” more viewers from across the globe are watching Korean series [...]

Local Listed Firms Obligated to Issue English Regulatory Filings ‘In Stages’ from 2024

Local Listed Firms Obligated to Issue English Regulatory Filings ‘In Stages’ from 2024

SEOUL, Dec. 2 (Korea Bizwire) — South Korea’s financial regulator said Friday that it will obligate listed firms to provide corporate filings in English “in stages” from 2024 as it seeks to expand foreigners’ access to business information. “In consideration of the level of preparations by businesses, we will make it obligatory in stages centering [...]

S. Korean Battery Components Maker Wins US$98.4 bln Lithium Mining Rights in Bolivia

S. Korean Battery Components Maker Wins US$98.4 bln Lithium Mining Rights in Bolivia

SEOUL, Nov. 30 (Korea Bizwire) – Indong Advanced Materials Inc., a South Korean producer of secondary battery materials, said Wednesday it has acquired lithium mining rights in Bolivia in a deal potentially worth as much as 130 trillion won (US$98.4 billion). The mining rights are part of the business contract Indong Advanced Materials has signed [...]

S. Korean-made Unmanned Ground Vehicle Showcased at U.S. Base

S. Korean-made Unmanned Ground Vehicle Showcased at U.S. Base

PYEONGTAEK/SEOUL, Nov. 29 (Korea Bizwire) — South Korea’s Hanwha Aerospace Co. staged a capability demonstration of a homegrown multi-purpose unmanned ground vehicle at a key U.S. military base south of Seoul on Tuesday. The company showcased key capabilities of the military vehicle, Arion-SMET, at Camp Humphreys in Pyeongtaek, 65 kilometers south of Seoul — the [...]