SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s household credit soared in the second quarter of the year amid high interest rates as home purchases gathered steam, central bank data showed Tuesday. Outstanding household credit reached 1,862.8 trillion won (US$1.38 trillion) at the end of June, up 9.5 trillion won from three months earlier, according [...]
SEOUL, Aug. 22 (Korea Bizwire) — New orders won by South Korean shipbuilders jumped 11.9 percent in the first half of 2023 on the back of rising demand for high-priced vessels, the industry ministry said Tuesday. The country’s shipbuilders secured orders worth US$9.29 billion in the January-June period, compared with $8.24 billion a year earlier, [...]
YEONGCHEON, Aug. 22 (Korea Bizwire) — South Korea’s second-longest suspension bridge, the Mount Bohyeon Dam Suspension Bridge, located in Yeongcheon, North Gyeongsang Province, is set to open on Aug. 30, the municipal government said Monday. The pedestrian bridge will stretch a total of 530 meters, with the gap between the primary towers spanning an estimated [...]
SEOUL, Aug. 22 (Korea Bizwire) — Toyota Motor Korea Co. said Monday it has initiated pre-order sales of the Alphard hybrid minivan at its official showrooms across the nation. Set to debut in South Korea on Sept. 18, the Alphard is a seven-seat model available in a single trim. It combines a 2.5 L Atkinson [...]
SEOUL, Aug. 21 (Korea Bizwire) — The annual Ulchi civil defense exercise, running for four days, has commenced nationwide alongside a joint military exercise between South Korea and the US. About 580,000 officials from various levels of government and public institutions are participating to enhance their preparedness for war and contingencies. Originating in 1969 after [...]
HWANSEONG, Aug. 21 (Korea Bizwire) — Gongsaeng Salt Field, situated in Hwaseong-si, Gyeonggi Province, and renowned as one of South Korea’s prominent salt fields, has captured the attention of media circles as of late. A salt field is essentially an expanse where seawater is gathered and subjected to evaporation, resulting in the creation of salt. [...]
SEOUL, Aug. 21 (Korea Bizwire) — Korean Air Co., South Korea’s leading carrier, has begun the practice of weighing each passenger on both domestic and international flights to enhance safety measures and decrease fuel expenses. The airline said Sunday it plans to gauge the typical passenger weight, including carry-on luggage, on domestic flights at Gimpo [...]
SEOUL, Aug. 21 (Korea Bizwire) – SK Telecom Co. said Sunday it will expand the diagnostic capabilities of X Caliber, an artificial intelligence (AI)-based solution for analyzing X-rays in pets. X Caliber has proven effective in identifying seven musculoskeletal disorders, ten thoracic diseases, and cases of cardiomegaly. The company’s upcoming plans involve incorporating the sixteen [...]
SEOUL, Aug. 18 (Korea Bizwire) — The Korea National Park Service on Thursday announced the launch of a new ecological program across 14 national parks, inviting disabled individuals to participate. Mount Bukhan, Taean Seaside, and Byeonsanbando national parks will offer specialized wheelchairs, allowing disabled individuals to relish in the exquisite landscapes. For those with visual [...]
SEOUL, Aug. 18 (Korea Bizwire) — City bus stops frequently experience higher temperatures than standing on an asphalt road during periods of extreme heat, data showed Thursday. The Korea Meteorological Administration (KMA) conducted temperature measurements at eight locations within Seoul’s Songpa District, 1.5 meters above ground level, on six occasions spanning July and August. The [...]