SEOUL, Dec. 24 (Korea Bizwire) – South Korea’s government unveiled a set of measures on December 23 to enhance the competitiveness of its petrochemical industry, which has been grappling with a structural downturn fueled by global oversupply. Industry leaders welcomed the initiative, emphasizing the urgency of swift action to prevent a deeper crisis. Support for [...]
SEOUL, Dec. 24 (Korea Bizwire) — Scientists have discovered that lithium, a key component in electric vehicle batteries, could be effective in treating Autism Spectrum Disorder (ASD), according to new research announced on December 23. A team led by Kim Eunjoon at the Institute for Basic Science’s (IBS) Center for Synaptic Brain Dysfunctions has uncovered how [...]
SEOUL, Dec. 24 (Korea Bizwire) — LG Display and Hanwha Solutions have jointly developed eco-friendly cushioning packaging made from post-consumer recycled (PCR) plastics, the companies announced on December 23, 2024. This new packaging is tailored for electronic components and aligns with global sustainability efforts. The two firms collaborated over two years to achieve quality comparable [...]
SEOUL, Dec. 24 (Korea Bizwire) — According to life-cycle statistics for 2023 released by Statistics Korea on December 23, one in three South Koreans aged 65 and above are now employed, while about 80% of both young (15-39) and elderly households consist of one or two people. The administrative data, compiled from various government departments and [...]
SEOUL, Dec. 24 (Korea Bizwire) — A recent Bank of Korea survey reveals that one in three major South Korean export companies anticipates a decrease in exports next year, citing intensifying competition from China and potential impacts from a second Trump administration among key concerns. According to the central bank’s regional economic report released on December [...]
SEOUL, Dec. 24 (Korea Bizwire) — An international research team has developed a new foldable porous nano-material based on the principles of kirigami, a variation of origami that involves both folding and cutting paper. According to an announcement made by Ulsan National Institute of Science and Technology (UNIST) on December 23, the collaborative research team, including [...]
SEOUL, Dec. 24 (Korea Bizwire) — A recent survey revealed that over half of Korean startups anticipate adverse effects on their businesses from the policies of Donald Trump’s second presidential term. The findings highlight concerns over protectionism, supply chain nationalism, and currency fluctuations. According to a poll conducted by the Korea Venture Business Association (KOVA) of [...]
SEOUL, Dec. 24 (Korea Bizwire) — LG Uplus emerged as the leading IPTV provider in South Korea in terms of user satisfaction, outperforming competitors SK Broadband and KT, according to the Ministry of Science and ICT’s 2024 Pay-TV Quality Evaluation Report released on December 23. LG Uplus scored 67.7 points in service-stage satisfaction, narrowly surpassing SK [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korea’s National Human Rights Commission (NHRC) has determined that excluding a female firefighter from driving a large vehicle due to her gender constitutes discrimination. The decision follows a complaint filed by the firefighter, identified as Ms. A, who works at a fire station in Incheon. Ms. A alleged [...]
SEOUL, Dec. 23 (Korea Bizwire) — In 2024, South Korea’s import car market has shifted from its traditional “Big Four” structure to a “Big Three,” driven by Tesla’s remarkable sales growth. BMW and Mercedes-Benz continued their rivalry for the top spot, while Tesla secured third place for the first time with sales nearly doubling from 2023. [...]