BUSAN, Dec. 2 (Korea Bizwire) — A flock of whooper swans — a protected natural monument and winter migratory species — was again seen being driven off its habitat by a fishing boat and leisure vessels in the Nakdong River estuary in Busan, a designated cultural heritage protection zone and major bird sanctuary. According to the [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korea’s five major automakers reported another month of declining global sales in November, underscoring continued weakness in both domestic demand and overseas markets amid a broader economic slowdown. Hyundai Motor, Kia, GM Korea, Renault Korea and KG Mobility sold a combined 668,991 vehicles worldwide last month, down 3.9 percent [...]
DAEGU, Nov. 28 (Korea Bizwire) — The U.S. Army’s 19th Expeditionary Sustainment Command on Thursday unveiled what it described as the first fully automated kitchen demonstration in the U.S. military, holding a pilot showcase at the Camp Walker dining facility in the southern city of Daegu. During the event, soldiers ordered meals from a touchscreen kiosk [...]
SEOUL, Nov. 27 (Korea Bizwire) — South Korea’s average household income rose for the ninth consecutive quarter in the third quarter of this year, partly driven by a sharp increase in transfer income, government data showed Thursday. The average monthly income of households came to 5.44 million won (US$3,699) in the July-September period, up 3.5 [...]
SEOUL, Nov. 26 (Korea Bizwire) — A ginkgo tree that has stood watch over the city of Cheongju for more than nine centuries is set to become South Korea’s newest natural monument, the Korea Heritage Service announced Wednesday. The agency said its Natural Heritage Committee has approved the designation of the “Cheongju Apgaksu,” an ancient ginkgo [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s birth figures ticked upward again in September, marking the fifteenth straight month of increase—a rare run of positive news for a country long synonymous with demographic freefall. According to government data released Wednesday, 22,369 babies were born in September, an 8.6-percent rise from a year earlier and the [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea now has the highest employment rate among seniors in the OECD, a trend driven less by choice than by economic hardship as the country enters an era of rapid population aging. A report released Wednesday by Oh Yoo-jin, a researcher at the National Pension Research Institute, shows that [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s real estate slowdown has pushed the number of active licensed realtors below 110,000 for the first time in more than five years, as prolonged policy tightening and weak housing demand reshape the industry. According to data released Wednesday by the Korea Association of Realtors, 109,979 real estate agents [...]
SEOUL, Nov. 25 (Korea Bizwire) — A majority of South Koreans continue to believe that antibiotics help cure the common cold, even though decades of scientific research show they offer virtually no benefit and can increase harmful side effects, according to a new government survey released this month. The Korea Disease Control and Prevention Agency (KDCA) [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korea’s largest companies have expanded their executive ranks more than three times faster than their employee headcounts over the past five years, widening internal hierarchies even as some industries shed staff, a new analysis shows. According to data released Nov. 25 by corporate research firm Leaders Index, 331 major [...]