SEOUL, Feb. 23 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean aircraft engine maker, is on track to secure anti-drone technology to cope with the threat of unmanned drones. The company announced on Wednesday that it had invested in Fortem Technologies, Inc., a U.S.-based airspace defense and security specialist, under a Simple Agreement for [...]
JEJU, Feb. 22 (Korea Bizwire) — Cruise ships are set to visit South Korea’s resort island of Jeju for the first time since the onset of the pandemic. The Jeju Provincial government reported that 29,000-ton MS Amadea will be entering Jeju Port on March 16. The cruise ship will set sail from Niigata carrying 300 passengers [...]
SEOUL, Feb. 22 (Korea Bizwire) — More than 70 percent of university hospitals accross the country have failed to recruit a single resident for their pediatrics departments for the first half of this year. Rep. Seo Young-seok of the Democratic Party referred to a report from the Ministry of Health and Welfare that revealed Seoul [...]
SEJONG, Feb. 22 (Korea Bizwire) — The number of babies born in South Korea reached yet another fresh low in 2022, data showed Wednesday, with deaths outpacing births for the third consecutive year. A total of 249,000 babies were born last year, falling 4.4 percent from the previous record low in 2021, according to the [...]
SEOUL, Feb. 22 (Korea Bizwire) — About half of the dishes selling at restaurants in Seoul have a higher delivery price than dining-in price, a consumer watchdog said Tuesday. The Korea Consumer Agency (KCA) surveyed the prices of 1,061 dishes sold at 34 restaurants in the capital city, and found that among them, 20 restaurants [...]
SEOUL, Feb. 21 (Korea Bizwire) — With the end of the school year bringing a flurry of graduation and enrollment ceremonies at schools, the soaring price of flowers is a source of frustration among many. At a wholesale flower market in Seoul’s Seocho District, many customers were seen buying flowers and trying to make bouquets [...]
SEOUL, Feb. 21 (Korea Bizwire) — The so-called “online minimalism” effect is spreading through the online sphere as people increasingly delete their social media accounts and posts or cut back on their usage with the rising trend of practical consumption that came about in response to rampant inflation. A 31-year-old office worker Park Su-yeon recently [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s household credit shrank at the sharpest pace in 13 years in the fourth quarter of 2022 amid high interest rates driven by the central bank’s monetary tightening to bring down inflation, data showed Tuesday. Outstanding household loans reached 1,867.0 trillion won (US$1.44 trillion) at the end of [...]
SEOUL, Feb. 21 (Korea Bizwire) — The number of monthly users of the U.S. social media network Facebook, once the most popular social media service for Korean users, has been on a downward trend for several years. Facebook’s domestic monthly active users (MAU), based on data from both Android and iOS devices, stood at 10,056,845 [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea’s suicide rate slightly increased in 2021 amid the pandemic, data showed Monday, led by people in their 20s and those aged 70 and above. The number of suicides for every 100,000 South Koreans came to 26 in 2021, up 0.3 from a year earlier, according to the [...]