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‘Gay Witch-Hunt’ Victim Jailed for 2 Years Despite Protests

‘Gay Witch-Hunt’ Victim Jailed for 2 Years Despite Protests

SEOUL, May 18 (Korea Bizwire) – Despite a series of protests calling for his release, the South Korean army captain at the center of a controversial ‘gay inquest’ in the army was sentenced to two years in prison this Tuesday after a verdict was reached at the country’s general military court. The captain, whose name is [...]

Gravity Racing Theme Park Coming to South Korean Island

Gravity Racing Theme Park Coming to South Korean Island

JEJU, South Korea, May 18 (Korea Bizwire) – A South Korean startup company, Monolith, is establishing a 140,000-square-meter theme park on Jeju Island, mainly comprising of race tracks for gravity racing.  Gravity racing, which has been around for over a century, is when the racers drive down a slope using nothing but gravitational momentum. Despite [...]

Will Philip Morris’ New E-Cig Put a Damper on South Korea’s Anti-Smoking Efforts?

Will Philip Morris’ New E-Cig Put a Damper on South Korea’s Anti-Smoking Efforts?

SEOUL, May 18 (Korea Bizwire) – On Wednesday, Philip Morris announced that it would begin selling its new e-cigarette iQOS in June, which is allegedly relatively harmless compared to typical cigarettes because it “heats” the tobacco leaves inserted into the device instead of “burning” them.  The announcement immediately posed a new concern for South Korea’s [...]

Environmental Policies Threaten POSCO’s 1-Trillion-Won Power Plant

Environmental Policies Threaten POSCO’s 1-Trillion-Won Power Plant

POHANG, South Korea, May 18 (Korea Bizwire) – POSCO’s 1-trillion-won ($887 million) thermal power plant in Pohang is likely to be scrapped amid growing concerns over fine dust and stringent environmental policies on the part of the current administration.  The world’s fourth-largest steelmaker has 13 generators of 20MW to 146MW-capacity at its Pohang steelworks, mainly [...]

Middle-Aged Group Says Parents’ Medical Bills Biggest Financial Burden

Middle-Aged Group Says Parents’ Medical Bills Biggest Financial Burden

SEOUL, May 18 (Korea Bizwire) – Middle-aged South Koreans who live with or support their parents financially feel the heaviest burden when bearing their medical bills, but some saw it as a duty that has to be fulfilled even if means getting loans or giving up on their own savings, a survey said Wednesday.  In [...]

Seoul to Launch Friend Matchmaking System for Foreign Youth

Seoul to Launch Friend Matchmaking System for Foreign Youth

SEOUL, May 17 (Korea Bizwire) – As a growing number of young foreign nationals are struggling to integrate in South Korean society after moving to the country during their adolescence, the Seoul Metropolitan Government is taking matters into its own hands with a new friend matchmaking project. Seoul’s new program will help connect foreign national [...]

Convenience Store of the Future Opens at Lotte World Tower

Convenience Store of the Future Opens at Lotte World Tower

SEOUL, May 16 (Korea Bizwire) – Seven Eleven Signature opened today at Lotte World Tower, the world’s very first unmanned convenience store where shoppers can pay with the swipe of their hand, thanks to a biometric verification system that scans palm vein patterns. The vein-scanning self-checkout terminal studies the size, color, and shape of each shopper’s [...]