POHANG, Oct. 20 (Korea Bizwire) — With the season of drying Pacific sauries setting in, the southeastern coastal city of Pohang plans to promote seasonal work for foreigners to address the shortage of labor at fishing villages. Dried sauries, through a repeated process of freezing and thawing, turn into what is locally known as “gwamegi,” [...]
SEOUL, Oct. 19 (Korea Bizwire) — Despite the prolonged economic recession resulting from the outbreak of the COVID-19 pandemic, sales of luxury items have marked a sharp increase. According to the Ministry of Trade, Industry and Energy, sales of luxury items at the nation’s major department stores were up 9.2 percent year on year in [...]
SEOUL, Oct. 19 (Korea Bizwire) — Fear over coronavirus infection is inciting hatred and discrimination in Korean society. Participants at the 10th World Human Rights Cities Forum, held at the Kim Dae-jung Convention Center in the southwestern city of Gwangju from Oct. 7-10, agreed that discrimination and hatred towards foreigners, sexual minorities, and religious groups [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Koreans are experiencing more anxiety with no end to the coronavirus pandemic in sight. The Korean Society of Traumatic Stress Studies conducted a survey of 2,063 adults, who reported an average score of 1.77 points last month in terms of how worried and afraid they were because of [...]
SEOUL, Oct. 19 (Korea Bizwire) — A South Korean research team has developed new technology that allows plastic materials to display black and blue ‘bruises’ if a certain level of external power or shock is applied to them, enabling users to gain insight into the risk of breakage in advance. Researchers from the Korea Institute [...]
SEOUL, Oct. 19 (Korea Bizwire) — Amid sluggish consumer spending resulting from the outbreak of the COVID-19 pandemic, transactions of secondhand items are growing at a rapid pace. Consumers with thinner wallets are increasingly looking for cheap used items rather than buying new ones, while liquidating the items that they don’t use for cash. According [...]
SEOUL, Oct. 17 (Korea Bizwire) — Electric vehicle (EV) battery producers in South Korea are growing anxious as Hyundai Motor Co. as well as foreign automakers are experiencing safety issues with EV batteries. The U.S. National Highway Traffic Safety Administration is reportedly carrying out investigations into three fires caused by General Motors Co.’s Chevrolet Bolt [...]
SEOUL, Oct. 17 (Korea Bizwire) — Car-sharing businesses are suffering from massive financial losses due to careless users. Car-sharing vehicles owned by SOCAR Inc., a car-sharing service provider, last no more than three years on average, a mere 20 percent of the average lifespan of automobiles in South Korea. Smaller car-sharing platforms have a vehicle [...]
DAEJEON, Oct. 16 (Korea Bizwire) — South Korea’s top-ranked science and technology university has developed a new technology that can get rid of the novel coronavirus in the air. The Korea Advanced Institute of Science and Technology (KAIST) announced on Wednesday that it had developed electrostatic atomization technology that can create a massive amount of [...]
ULSAN, Oct. 16 (Korea Bizwire) — New electric battery technology developed by South Korean researchers will enable electric vehicles (EVs) to travel up to 1,000 kilometers on a single charge. A joint research team from the Ulsan National Institute of Science and Technology and the Samsung Advanced Institute of Technology announced Wednesday that it had [...]