SEOUL, Jan. 5 (Korea Bizwire) – South Korean shipbuilders received the largest orders in four years in 2022, and the country ranked the world’s No. 1 in terms of the construction of high-priced and eco-friendly vessels, the industry ministry said Thursday. Local shipbuilders won orders of a total of 15.59 million compensated gross tons last [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States fell 1 percent in 2022 from a year earlier amid a prolonged chip shortage. Hyundai and Kia sold a total of 1.47 million vehicles in the world’s most important automobile market last [...]
CHANGWON, Jan. 5 (Korea Bizwire) — Birds are suffering from drones flying over the Junam Reservoir, a migratory bird habitat in Changwon, South Gyeongsang Province. According to the city government, some citizens are flying drones over the reservoir to observe the habitat of the migratory birds, thus posing threats to them. During this season, tens [...]
SANCHEONG, Jan. 5 (Korea Bizwire) — Police succeeded in rescuing a missing elderly person with dementia using drones and search dogs. The elderly person in their 80s who lives in Sancheong County, South Gyeongsang Province went missing after going out to undergo medical treatment at a hospital last Sunday morning. The individual’s family was unable [...]
SEOUL, Jan. 4 (Korea Bizwire) — The South Korean art market surpassed 1 trillion won (US$782 million) in total sales for the first time in 2022 on strong sales of artworks through galleries and art fairs, the culture ministry said Wednesday. The trade volume of artworks increased 37.2 percent from 756.3 billion won in 2021 [...]
SEOUL, Jan. 4 (Korea Bizwire) – Sales of imported vehicles in South Korea rose 24 percent last month from a year earlier despite the extended chip shortage, an industry association said Wednesday. The number of newly registered foreign vehicles stood at 29,640 units last month, up from 23,904 units a year ago, the Korea Automobile [...]
SEOUL, Jan. 4 (Korea Bizwire) — A monkey that underwent a pig kidney xenotransplantation procedure that was developed by the National Institute of Animal Science survived for 115 days, setting a new domestic record for the longest survival time. A research team at Konkuk University implanted a pig kidney into a monkey in August last [...]
SEOUL, Jan. 3 (Korea Bizwire) — Online shopping in South Korea increased 7.3 percent on-year in November on the back of higher demand for travel and transportation services, data showed Tuesday. The value of online shopping transactions came to 18.12 trillion won (US$14.2 billion) in November, compared with 16.8 trillion won tallied a year earlier, [...]
SEOUL, Jan. 3 (Korea Bizwire) — The value of shares held by South Korea’s 33 major business group chiefs tumbled nearly 30 percent in 2022 amid a bearish stock market, a corporate tracker said Tuesday. The business tycoons held stocks worth a combined 45.9 trillion won (US$35.9 billion) as of the end of December 2022, [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s electricity consumption touched a record monthly high in December as the country was gripped by a nationwide cold wave and heavy snow, the power operator said Tuesday. The country’s average maximum power consumption stood at 82,716 megawatts (MW) last month, up 5.1 percent from a year earlier, [...]