Top News Archives | Be Korea-savvy

Archive by category Top News

Blockchain Money Transfers ‘Too Slow’ and ‘Hard to Restore’

Blockchain Money Transfers ‘Too Slow’ and ‘Hard to Restore’

SEOUL, Feb. 14 (Korea Bizwire) – Blockchain technology-based money transfer services were found to be too slow and hard to restore where there is a glitch, according to tests conducted by the Bank of Korea. According to the BOK, speed and restoration issues were discovered in blockchain money transfers between banks, the central bank of South [...]

Young South Koreans Bigger, Weaker than Their Parents

Young South Koreans Bigger, Weaker than Their Parents

SEOUL, Feb. 14 (Korea Bizwire) – Despite being bigger and taller, young South Koreans are less muscular and less strong than the older generations, a new study has revealed. The study released by the Ministry of Culture, Sports and Tourism on Wednesday showed that South Korean men in their early 20s have grown 4.4 centimeters in [...]

Lunar New Year Holiday Triggers Cystitis for Stressed Out Korean Women

Lunar New Year Holiday Triggers Cystitis for Stressed Out Korean Women

SEOUL, Feb. 14 (Korea Bizwire) – The number of South Korean women suffering from cystitis increases significantly during the Lunar New Year holiday due to stress and a weak immune system, a new study has found. According to data from the Health Insurance Review & Assessment Service (HIRA), an estimated 5,268 people were diagnosed with cystitis [...]

Wary of Shifting Landscape, Hospitals Tighten Purse Strings

Wary of Shifting Landscape, Hospitals Tighten Purse Strings

SEOUL, Feb. 14 (Korea Bizwire) – Revenue worries in the aftermath of healthcare reforms dubbed “Moon Jae-in Care” are keeping hospitals’ coffers closed even as the government takes pains to encourage the medical sector to invest in new infrastructure.  After initially earmarking 390 billion won for a medical facility in “city of the future” Songdo [...]

Franchise Convenience Store Owners Work Crippling Hours Year-Round

Franchise Convenience Store Owners Work Crippling Hours Year-Round

SEOUL, Feb. 13 (Korea Bizwire) – A study conducted by the Seoul Metropolitan Government into the working conditions of franchise convenience store owners has found that almost 40 percent are not able to take even a single day off work each year. Including 951 owners, the study revealed that average working hour totals were extreme. [...]

GM Plant Closure to Undercut South Korean Automobile Industry’s Competitiveness

GM Plant Closure to Undercut South Korean Automobile Industry’s Competitiveness

SEOUL, Feb. 13 (Korea Bizwire) – GM Korea’s decision to close one of its manufacturing plants is expected to undercut the South Korean automobile industry’s competitiveness on the world stage. Reports that General Motors will shutter its Gunsan facility – one of its four car assembly plants in South Korea – over low demand come [...]