SEOUL, Dec. 5 (Korea Bizwire) — Nearly half of South Korea’s large companies have no investment plans for 2023 or have yet to set up plans amid high economic uncertainty, a poll showed Monday. The survey of 100 out of the leading 500 companies by sales in Asia’s fourth-largest economy showed 10 percent having no [...]
SEOUL, Dec. 4 (Korea Bizwire) — South Korea’s exports of agricultural and food products jumped to touch a new record high in the first 11 months of this year, government data showed Sunday. Outbound shipments of agricultural and food goods came to US$8.08 billion in the January-November period, up 4 percent from the same period [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korean institutions’ investment in foreign securities shrank 5 percent in the third quarter due to estimated losses from their bond and stock holdings, central bank data showed Friday. The outstanding value of foreign securities held by local institutional investors stood at US$354.93 billion as of end-September, down $18.69 [...]
SEOUL, Dec. 2 (Korea Bizwire) — The Hangang Project Headquarters under the Seoul Metropolitan Government said Thursday it will begin a project to revamp safety facilities set up on bicycle paths in Han River parks until 2024. First, the agency will set up artificial intelligence (AI)-powered CCTV cameras and feedback signs in all 10 Han [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korea’s overseas aid agency is taking steps to rebuild Colombia’s rural regions, which are struggling with the aftermath of a lengthy armed conflict. The Korea International Development Agency (KOICA) said Thursday it will join hands with the United Nations Development Programme (UNDP) to embark on a project to [...]
SEOUL, Dec. 2 (Korea Bizwire) — The Korea Forest Service said Thursday it will launch an initiative to supply byproducts of its forest cultivation project — trees that are hard to recycle into lumber — to the vulnerable class. The initiative is designed to reduce fuel costs for the vulnerable class, who have difficulty due [...]
SEOUL, Dec. 1 (Korea Bizwire) — Online shopping in South Korea advanced 8.2 percent on-year in October as demand for travel and transportation services increased on eased COVID-19 restrictions, data showed Thursday. The value of online shopping transactions came to 17.71 trillion won (US$13.5 billion) in October, compared with 16.3 trillion won tallied a year [...]
SEOUL, Dec. 1 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Wednesday it will introduce a new safety management solution in which smartphones are used to remotely monitor the risk factors of manhole accidents. The solution is a combination of TANGO, SK Telecom’s artificial intelligence (AI)-based system; cybersecurity service provider SK [...]
SEOUL, Dec. 1 (Korea Bizwire) — LG Display Co., a major display panel maker, has unveiled a new solution that embeds OLED screens in the floor to be used as one-of-a-kind displays. The company announced Wednesday that it has set up a transparent OLED T-floor at the flagship store opened by SM Brand Marketing, a [...]
SEOUL, Dec. 1 (Korea Bizwire) — Foreign ownership of South Korean land rose 1.2 percent in the first half of 2022 from the end of 2021, the land ministry said Thursday. Foreigners owned 260.75 square kilometers — slightly more than four times the size of Manhattan — at the end of June. It represents 0.26 [...]