SEOUL, Nov. 19 (Korea Bizwire) – South Korea’s hybrid vehicle registrations are poised to hit an all-time high this year, reflecting both growing environmental consciousness and a temporary plateau in electric vehicle demand. According to data from the Carisyou data research institute, hybrid vehicle registrations from January to October reached 311,769 units, a 24.8% increase from [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korea’s inheritance tax system, among the highest in developed nations, is hampering business continuity and economic dynamism, according to a new report released on November 18 by the Korea Chamber of Commerce and Industry (KCCI). The report, “Five Reasons Why Inheritance Tax Reform is Necessary,” comes as the government’s [...]
SEOUL, Nov. 19 (Korea Bizwire) – In an innovative approach to tackle coffee capsule waste, South Korea’s postal service is transforming its nationwide network into a recycling infrastructure for used coffee capsules. Korea Post announced on November 18 that it has launched a nationwide collection program for used coffee capsules, following a July partnership agreement with [...]
ULSAN, Nov. 19 (Korea Bizwire) – South Korean researchers have developed a revolutionary skin patch that maintains strong adhesion during vigorous physical movement while being easily removable without irritation, potentially changing the future of wearable medical devices. The breakthrough, announced on November 18 by the Ulsan National Institute of Science and Technology (UNIST), comes from a [...]
SEOUL, Nov. 18 (Korea Bizwire) – In a breakthrough that could significantly reduce food waste, South Korean agricultural researchers have developed and patented a novel technology using magnetic resonance imaging (MRI) to predict the quality of stored onions. The Rural Development Administration (RDA) announced on November 18 that the new technology addresses a persistent problem in [...]
SEOUL, Nov. 18 (Korea Bizwire) – A quadrupedal robot developed by the Korea Advanced Institute of Science and Technology (KAIST) has become the first of its kind to complete a full marathon, marking a significant milestone in robotics technology. The robot, named Raibo2, finished the 2024 Sangju Persimmon Marathon’s full course (42.195 km) in 4 hours, [...]
SEOUL, Nov. 18 (Korea Bizwire) – LG Group has reinforced its commitment to combat global climate change, detailing its progress toward achieving net-zero carbon emissions by 2050 in a new comprehensive report. The South Korean conglomerate announced on November 17 the publication of its “LG Net Zero Special Report,” its second group-wide carbon neutrality progress report [...]
SEOUL, Nov. 18 (Korea Bizwire) – An individual referred to only as Lee, who began his career as a delivery worker three years ago, says the pressure to meet tight deadlines has become nearly unbearable. “We need to complete at least four deliveries per hour to make ends meet,” said Lee, who acknowledged that running red [...]
SEOUL, Nov. 18 (Korea Bizwire) – A significant shift in attitudes toward traditional family structures is emerging among South Korea’s younger generation, with two in five people in their 20s now believing that marriage is not a prerequisite for having children, according to a new government survey. The 2024 Social Survey by Statistics Korea reveals that [...]
SEOUL, Nov. 18 (Korea Bizwire) – Kia has significantly scaled back production of its EV9 electric SUV at its Georgia plant, as the automaker navigates stricter U.S. tax credit requirements and awaits the completion of local battery manufacturing facilities. According to Kia’s sales data, only 21 EV9s were produced at the Georgia plant through the third [...]