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Oil Refiners Support Heating Bills for Energy-vulnerable People

Oil Refiners Support Heating Bills for Energy-vulnerable People

SEOUL, Feb. 9 (Korea Bizwire) — South Korea’s petroleum refining industry, which enjoyed record-breaking financial results last year thanks to sky-high oil prices, is taking steps to support the heating bills for the nation’s energy-vulnerable households. Hyundai Oilbank Co. said Wednesday it will donate 10 billion won (US$7.90 million) to help alleviate the burden of [...]

Hyundai Card Holds ‘Apple Party’ Ahead of Apple Pay’s Arrival in S. Korea

Hyundai Card Holds ‘Apple Party’ Ahead of Apple Pay’s Arrival in S. Korea

SEOUL, Feb. 8 (Korea Bizwire) — With the anticipated introduction of Apple Pay, a mobile payment service from Apple Inc., Hyundai Card Co. held an “apple festival” to celebrate its status as the country’s sole service provider. The company held a surprise event on Monday, giving out apples to all employees at its headquarters in [...]

S. Korean EV Battery Makers’ Global Market Share Shrinks in 2022

S. Korean EV Battery Makers’ Global Market Share Shrinks in 2022

SEOUL, Feb. 8 (Korea Bizwire) — Three South Korean electric vehicle (EV) battery makers saw their global market share decline in 2022 from a year earlier amid robust growth of Chinese rivals, industry data showed Wednesday. The trio — LG Energy Solution Ltd., SK Innovation Co. and Samsung SDI Co. — held a combined 23.7 [...]

Italian Magazine Says Korean Food is Delicious, Attractive and Healthy

Italian Magazine Says Korean Food is Delicious, Attractive and Healthy

SEOUL, Feb. 7 (Korea Bizwire) — An Italian weekly fashion magazine has published an article that praised Korean food. According to the Korea Foundation for International Cultural Exchange, Donna Moderna’s newest edition published an article titled “The Strengths of Korean Food,” which described Korean food as “a delicious, spicy cuisine that is very attractive and [...]

Junam Reservoir Becomes Home to Wide Range of Rapacious Birds

Junam Reservoir Becomes Home to Wide Range of Rapacious Birds

CHANGWON, Feb. 7 (Korea Bizwire) — The Junam Reservoir, a migratory bird habitat 400 kilometers southeast of Seoul, has recently garnered attention following the discovery of a wide range of predatory birds. Birds of prey like white-tailed sea eagles, goshawks, sparrow hawks and hen harriers that are designated natural monuments were observed at the reservoir, [...]

S. Korean Shipyards Rank 2nd in New Global Orders in Jan.

S. Korean Shipyards Rank 2nd in New Global Orders in Jan.

SEOUL, Feb. 7 (Korea Bizwire) – South Korean shipbuilders lagged far behind their Chinese rivals in terms of new global orders to rank second in the world in February amid tumbling demand, industry data showed Tuesday. Local shipbuilders won a combined 640,000 compensated gross tons (CGTs) in new orders last month, accounting for 33 percent [...]