BUSAN, Apr. 24 (Korea Bizwire) – Eight out of ten South Koreans perceive their country as a maritime nation and believe that establishing long-term plans and expanding research and development (R&D) efforts are crucial steps toward becoming a maritime powerhouse, according to a survey conducted by the Korea Maritime Institute (KMI). Marking its 40th anniversary, the [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korea’s business sentiment index remained pessimistic for May due to uncertainties caused by fresh tensions in the Middle East and persistent inflationary pressure, a poll showed Wednesday. The business survey index (BSI) for the country’s top 600 companies by sales stood at 94.9 for next month, down 3.7 [...]
SEOUL, Apr. 24 (Korea Bizwire) – The persistently high interest rate environment in South Korea has triggered a wave of cancellations for low-yielding savings-type insurance policies, driving down the two-year policy retention rate at insurers to a mere 65% last year, according to data released on April 23. The Financial Supervisory Service (FSS), the government’s financial [...]
UIJONGBU, Apr. 24 (Korea Bizwire) – The Gyeonggi provincial government has announced a new initiative to support pet owners who adopt rescue animals by subsidizing pet insurance premiums. The program, called the “Adopted Animal Assurance Insurance Support Project,” aims to reduce the financial burden of caring for adopted animals and promote a culture of pet adoption. [...]
SEOUL, Apr. 24 (Korea Bizwire) – Hyundai Motor Company has announced that it is opening an offline tuning platform called the ‘N Performance Garage’ in Cheonan-gu, Yongin, Gyeonggi Province, to provide a new tuning culture experience. The N Performance Garage is an official tuning specialty shop for Hyundai’s high-performance ‘N’ brand, featuring a display of the [...]
SEOUL, Apr. 24 (Korea Bizwire) – Seoul will be the stage for the inaugural “Slow and Steady Han River Triathlon Festival” (translated) on June 1 and 2, inviting participants to complete swimming, cycling, and running events within 48 hours at Ttukseom Hangang Park in Gwangjin District, the city government announced on April 23. Planned personally by [...]
SEOUL, Apr. 24 (Korea Bizwire) – According to a survey conducted by the e-commerce platform Tmon from April 15 to 21, involving over 500 customers, gift cards and e-coupons emerged as the most desired gifts for Parents’ Day, excluding cash, with 22% of respondents favoring them. Fresh produce, such as fruits and meat, secured the second [...]
SEOUL, April 23 (Korea Bizwire) – The Constitutional Court held its first public hearing Tuesday on petitions filed by an adolescents’ group and others against what they called the government’s insufficient response to climate change. The widely watched hearing came four years after the adolescents’ civic group, Youth 4 Climate Action, first lodged a constitutional [...]
SEOUL, Apr. 23 (Korea Bizwire) – The proportion of young South Koreans working at small and medium-sized businesses has plummeted, statistics show, as a gaping wage divide drives talented graduates to seek jobs at the country’s major conglomerates. Government figures illustrate the stark disparities separating the working conditions at South Korea’s small enterprises from those at [...]
SEOUL, Apr. 23 (Korea Bizwire) – A professor at Seoul National University’s College of Music who holds Israeli citizenship was recently referred to prosecutors on charges of damaging posters supporting Palestinian rights on the university’s Gwanak campus in February, according to the police. On April 22, the Gwanak Police Station in Seoul said it had referred [...]