SEOUL, May 10 (Korea Bizwire) — Nearly half of public institutions in South Korea lost money in 2021 amid the coronavirus pandemic with the state-run power monopoly logging the biggest loss on soaring oil prices, data showed Tuesday. A total of 170 public companies and institutions, or 47 percent of 363 that disclosed their 2021 [...]
SEOUL, May 10 (Korea Bizwire) — Small-sized trucks like the Porter and Bongo have emerged as Hyundai Motor Group’s best-selling models this year. Hyundai Motor Co. sold 8,423 units of Porter at home last month, making the truck its best-selling model, while sister company Kia Corp. sold 6,402 units of Bongo, also ranking as the [...]
SEOUL, May 9 (Korea Bizwire) — More people failed to get a taxi using taxi-hailing apps in Seoul last year due to the dwindling number of cab drivers and the common practice of ‘picking customers’. The Seoul Institute conducted a survey of 4,000 taxi passengers, in which those who had failed to catch a cab [...]
SEOUL, May 9 (Korea Bizwire) — Scattered investment in which multiple investors chip in to buy an expensive artwork has increased significantly over the last three years. Four local online art investment platforms reported via apps and web pages showed that the accumulated value of collective purchasing had reached 96.3 billion won (US$75.6 million). ArtnGuide, [...]
SEOUL, May 9 (Korea Bizwire) — Double-decker electric buses will begin operating in Suwon, Gyeonggi Province for the first time. The Ministry of Land, Infrastructure and Transport announced that seven low-floored double-decker electric buses began operation in Suwon on Monday. Three of the buses will run on the 7780 line that goes from the Gwonseon, [...]
SEOUL, May 9 (Korea Bizwire) — More than half of single 20-somethings in South Korea do not want to have babies after marriage due apparently to concerns over high child-rearing costs in the country, a poll showed Monday. According to a survey reported in a monthly economic journal by the state-run Korea Development Institute, 52.4 [...]
ULSAN, May 6 (Korea Bizwire) — In celebration of Children’s Day, the Ulsan Metropolitan Police Agency held a special event for the settlement of ‘special contributors’ from Afganistan on Thursday. The event was held at Hotel Hyundai by Lahan Ulsan in the southeastern city of Ulsan, where 158 special contributors and their families were invited [...]
SEOUL, May 6 (Korea Bizwire) — The Korean Cultural Center in the Philippines has held an unveiling ceremony for the “Korea-Philippines Wall of Cultural Exchange” painted near the entrance to the building. The center, jointly with the Metropolitan Museum of Manila, has been carrying out a “Korea-Philippines Cultural Exchange Wall Painting Project” with Filipino wall [...]
SEOUL, May 6 (Korea Bizwire) — The amount of illegal narcotics confiscated in South Korea reached an all time high last year, with an increase of foreign and juvenile drug offenders, government data showed Friday. According to the data compiled by the Supreme Prosecutors Office (SPO), a total of 1,295.7 kilograms of illegal drugs were [...]
SEOUL, May 5 (Korea Bizwire) — Nearly 1 in 5 children in South Korea said they are unhappy, citing pressure to do well at school as the biggest reason, a survey showed Thursday, as the country marked Children’s Day. According to the poll conducted by the health ministry and the National Center for the Rights [...]