SEOUL, April 11 (Korea Bizwire) — Food and beverage manufacturers are complaining that the government’s upcoming policy requiring companies to pay a deposit for using a designated number of disposable plastic cups, aimed at raising the waste recycling rate, imposes the cost on the companies only. The new policy will require companies to request the number [...]
SEOUL, April 11 (Korea Bizwire) — Diesel cars are gradually being sidelined as electric vehicles (EVs) and other eco-friendly vehicles are gaining popularity and the price of diesel continues to skyrocket after the breakout of the war in Ukraine. Opinet, an oil prices information provider operated by the state-run Korea National Oil Corp., reported that [...]
SEOUL, April 11 (Korea Bizwire) — The Seoul Metropolitan Government has begun a trial of a new artificial intelligence (AI) food scanner at cafeterias inside Seoul City Hall and Seosomun Annex for the reduction of food waste. The food scanner automatically calculates the amount of leftover food by scanning plates at the return stand. The [...]
SEOUL, April 11 (Korea Bizwire) — South Korea’s personal pension savings grew 5 percent in 2021 as younger people have keen interest in making preparations for post-retirement life, data showed Monday. The country’s personal pension savings reserves came to 160.1 trillion won (US$130.2 billion) last year, up from the previous year’s 152.5 trillion won, according [...]
SEOUL, April 10 (Korea Bizwire) — Over 1 in 5 vehicles sold by Hyundai Motor Co. and its smaller affiliate Kia Corp. so far this year have been eco-friendly cars, backed by their growing popularity, industry data showed Sunday. The two South Korean automakers sold a combined 64,417 hybrid and electric vehicles in the January-March [...]
SEOUL, April 8 (Korea Bizwire) — Hyundai Motor Co. is leading Brazil’s automobile market, despite an overall slump in sales due to the COVID-19 pandemic. Brazil’s vehicle distribution federation Fenabrave reported that Hyundai sold 18,761 units of HB20 compact car, a model exclusive to the South American market, in the first quarter of this year [...]
SEOUL, April 8 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Thursday it will open up a series of offices through Sphere, the company’s dedicated workspace, in Seoul, Ilsan and Bundang, on the outskirts of Seoul. SK Telecom staff will be able to access these workspaces without ID cards thanks to [...]
SEOUL, April 8 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Thursday that it had signed a memorandum of understanding with Danish startup Seaborg Technologies to develop floating nuclear power plants. The two parties intend to develop a floating nuclear power plant on the basis of compact molten salt reactor (CMSR), a [...]
SEOUL, April 7 (Korea Bizwire) — Excess funds held by South Korean households and nonprofit organizations fell last year from a year earlier as private spending increased amid the economic recovery, central bank data showed Thursday. Net financial funds — the value of financial assets minus financial liabilities — held by local households and nonprofit [...]
SEOUL, April 7 (Korea Bizwire) — Almost half of all Seoulites in their 20s and 30s are exposed to a considerable level of stress due to relationships or personal finances. Those who are struggling with employment were more likely to be getting less sleep. The Seoul Metropolitan Government conducted a survey of 14,000 city residents [...]