SEOUL, Aug. 14 (Korea Bizwire) — Motorola Korea has introduced the Moto g56 5G, a rugged smartphone designed to withstand extreme conditions, available exclusively through KT stores and its online shop starting August 14. The device is priced at 330,000 won ($250). The Moto g56 5G is certified to the U.S. Department of Defense’s MIL-STD-810H [...]
SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Steel has withdrawn a 4.61 billion won ($3.4 million) damages lawsuit against members of its irregular workers’ union, who staged a strike in 2021. The move comes as the ruling Democratic Party pushes to pass the so-called “Yellow Envelope Law” this month, aimed at limiting companies’ ability to seek [...]
SEOUL, Aug. 14 (Korea Bizwire) — A team of Korean and international researchers has identified a natural process in the Arctic that could help the planet slow its own warming, the Korea Polar Research Institute announced Wednesday. As Arctic temperatures rise and sea ice recedes, microscopic algae such as phytoplankton flourish, releasing dimethyl sulfide (DMS) [...]
SEOUL, Aug. 14 (Korea Bizwire) — Nearly 80 years after Korea’s liberation from Japanese colonial rule, a majority of South Koreans believe remnants of pro-Japanese collaboration remain unaddressed, according to a new survey released Wednesday by the Heritage of Korean Independence (HKI). The nationwide poll, conducted August 1–7 by Korea Data World, found that 70.9% [...]
SEOUL, Aug. 14 (Korea Bizwire) — President Lee Jae-myung’s signature higher-education pledge to create “10 new Seoul National Universities” has been adopted as an official state agenda item, setting the stage for full-scale implementation. The initiative, part of the administration’s effort to tackle longstanding regional disparities in education quality, aims to invest heavily in regional [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s Presidential Committee on National Planning unveiled Wednesday a comprehensive set of labor policy initiatives that would extend protections to the country’s smallest workplaces and strengthen rights for all workers. The proposals are part of President Lee Jae Myung’s broader agenda for his term, aimed at modernizing the nation’s [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea has established its first national body dedicated to advancing organoid technology, marking a significant step toward standardizing and commercializing the field amid growing global demand for alternatives to animal testing. The K-Organoid Consortium, officially launched on August 13 at The Westin Josun Seoul, brings together 27 companies [...]
SEOUL, Aug. 13 (Korea Bizwire) — HD Hyundai, South Korea’s leading shipbuilding group, said Wednesday that senior government officials from South Korea and the United States visited its shipyard to discuss ways to expand bilateral cooperation in the shipbuilding sector ahead of a summit between their top leaders. Foreign Minister Cho Hyun; Joseph Yun, acting [...]
SEOUL, Aug. 13 (Korea Bizwire) — Financially troubled discount store chain Homeplus Co. said Wednesday it will close 15 outlets as part of emergency management measures amid a worsening business environment. Homeplus has been under a court-led rehabilitation program since March, when two local credit rating agencies downgraded its corporate bonds from A3 to A3-, [...]
SEOUL, Aug. 13 (Korea Bizwire) — Starting August 14, nearly 3.07 million credit card merchants in South Korea with annual sales of 3 billion won ($2.18 million) or less will benefit from reduced processing fees, the Financial Services Commission (FSC) announced Wednesday. The move extends preferential rates to most small businesses, including those designated as [...]