SEOUL, Dec. 28 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport said Tuesday it had succeeded in developing a test vehicle for a hydrogen-powered electric train in collaboration with the state-run Korea Railroad Research Institute. The two parties have carried out a project since 2018 to develop a hydrogen fuel cell-based hybrid propulsion [...]
SEOUL, Dec. 27 (Korea Bizwire) — More than 70 percent of South Koreans use online streaming services this year amid the protracted pandemic, a government survey showed Tuesday. According to the annual poll conducted by the Korea Communications Commission (KCC), 72 percent of 6,708 respondents said they are using at least one over-the-top media service [...]
SEOUL, Dec. 27 (Korea Bizwire) — The youth suicide rate increased in 2021 amid the COVID-19 pandemic to remain as their No. 1 cause of death, data showed Tuesday, in yet another sign of a chronic problem that has plagued South Korea for years. The suicide rate per 100,000 people aged 17 and below reached [...]
SEOUL, Dec. 27 (Korea Bizwire) — The number of small companies in South Korea edged down 0.1 percent in 2021 from a year earlier amid the prolonged COVID-19 pandemic, data showed Tuesday. The number of small businesses reached 4.11 million in 2021, down 10,000 from a year earlier, according to the data compiled by Statistics [...]
SEOUL, Dec. 27 (Korea Bizwire) — South Korea’s overseas direct investment fell 5 percent on-year in the third quarter of this year amid the prolonged COVID-19 pandemic, the finance ministry said Tuesday. The value of investments made overseas by South Korean companies reached US$16.61 billion in the July-September period, down from $17.48 billion a year [...]
SEOUL, Dec. 27 (Korea Bizwire) — The number of electric vehicles (EVs) and electric two-wheelers registered in Seoul has surpassed the 76,000 level, the city government said. Last year the capital city subsidized purchases of 52,427 EVs, including electric two-wheelers, with subsidies for an additional 24,000 vehicles expected this year. The share of EVs among [...]
SEOUL, Dec. 27 (Korea Bizwire) — Seoul Metro, the city-run operator of the subway system in Seoul, said Monday it has introduced Safe Roads to guide passengers to elevators inside subway stations. Seoul Metro joined hands with the Ministry of Interior and Safety and the Korea Elevator Safety Agency to lay out Safe Roads in [...]
UIJEONGBU, Dec. 27 (Korea Bizwire) — Gyeonggi Province is coming up with ways to ensure the safety of personal mobility devices like e-scooters. The provincial office said Monday it will establish a comprehensive plan for the safe use of personal mobility devices next month, and create a joint consultative body for its execution. Previously, the [...]
SEOUL, Dec. 26 (Korea Bizwire) — The number of franchise outlets in South Korea increased more than 10 percent on-year in 2021, data showed Monday, led by convenience stores and restaurants. Franchise stores numbered 259,662 as of end-December last year, rising sharply from 234,872 a year earlier, according to the data compiled by Statistics Korea. [...]
SEOUL, Dec. 26 (Korea Bizwire) — The number of cyberthreats rose more than 60 percent in 2022 from a year earlier on increased ransomware attacks, government data showed Monday. A total of 1,045 cyberattacks were reported to the authorities in the first 11 months of this year, up from 640 cases tallied last year, according [...]