SEOUL, May 26 (Korea Bizwire) — South Korea has built food centers for free at elementary schools in Nicaragua hurt by a recent hurricane. The Korea International Cooperation Agency (KOICA) recently finished the construction of food storage, kitchens and other facilities at eight grade schools in Nicaragua’s Jinotega department and held an opening ceremony at [...]
SEOUL, May 26 (Korea Bizwire) — South Korea and Romania continue to engage in cooperation to fight against the pandemic. The South Korean Embassy in Romania said Wednesday it had donated some 600,000 Korean-made COVID-19 test kits to the Romanian government. This follows the European country’s donation of surplus vaccines to South Korea last summer [...]
SEOUL, May 26 (Korea Bizwire) — More than 7 out of 10 listed companies in South Korea have suffered stock price setbacks over a one-year period as investors remain disheartened by rate hikes in major economies, data showed Thursday. According to the data from the Korea Exchange, 72.4 percent of the 2,498 firms traded on [...]
SEOUL, May 26 (Korea Bizwire) — The number of startups in South Korea dropped 3.4 percent in the first quarter of the year due largely to a one-off factor, government data showed Thursday. A total of 348,732 startup businesses were set up in the January-March period, compared with 360,846 a year earlier, according to the [...]
SEOUL, May 26 (Korea Bizwire) — The non-fungible token (NFT) artwork realized on LG Display Co.’s transparent OLED screen fetched a huge bid, drawing significant attention. The South Korean display panel maker said Wednesday the NFT art collection “An Important Memory for Humanity” created in collaboration with Refik Anadol, a Turkish media arts designer and director, was [...]
SEOUL, May 25 (Korea Bizwire) — South Koreans’ use of mobile banking and other online financial services increased in 2021 from two years earlier as customers preferred non-contact services amid the coronavirus pandemic, central bank data showed Wednesday. The Bank of Korea (BOK) said its 2021 survey of 3,536 Koreans aged 19 or older showed [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s first-quarter fertility rate hit a fresh nadir and its population fell for 29 months running in March amid rising deaths, data showed Wednesday, pointing to the country’s gloomy demographic situation and chronically low birthrate. The country’s total fertility rate — the average number of children a woman [...]
SEOUL, May 25 (Korea Bizwire) — South Korea’s consumption of gasoline and diesel sank more than 18 percent in April from a year earlier due to high international crude prices, data showed Wednesday. Asia’s fourth-largest economy consumed a combined 17.4 million barrels of gas and diesel last month, down 18.3 percent from a year earlier, [...]
SEOUL, May 25 (Korea Bizwire) — An electric vehicle powered by a battery from LG Energy Solution Ltd. set a new Guinness World Record title for the highest altitude achieved by an electric car. The Volkswagen ID.4 GTX succeeded in driving up the dormant Uturuncu volcano in Bolivia, reaching an altitude of 5,816 meters on [...]
SEOUL, May 25 (Korea Bizwire) — Samsung Electronics Co. said Tuesday that the CJ ENM Virtual Production Stage had opened with the installation of the LED display The Wall. The Virtual Production Stage is a fully-modern studio with the entire stage decorated with large LED screens, thereby enabling a variety of backgrounds to be displayed. [...]