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Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

Korean Shipbuilders Blindsided, Lose Contract to Chinese Rivals

SEOUL, Aug. 21 (Korea Bizwire) – The domestic shipbuilding industry was engulfed in a wave of low spirits as shipping publication “Tradewinds” and eBest Investment and Securities (eBest) both reported that French company CMA CGM had signed a letter of intent with two Chinese shipbuilding firms for nine container ships. The reason for the Korean [...]

Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

Key Korean Industries’ Global Market Share Predicted to Drop in 10 Years

SEOUL, Aug. 21 (Korea Bizwire) – “Provided the current situation remains the same going forward, [industries] excepting a few such as semiconductors, general machinery and weapons manufacturing will lose market share. In particular, the automotive, shipbuilding, petrochemical, textiles, home appliances, and communications devices industries will see their respective global market share drop in 2025 compared [...]

From Niche to Staple: North Gyeongsang Province Embraces Traditional Korean Dining

From Niche to Staple: North Gyeongsang Province Embraces Traditional Korean Dining

ANDONG, Aug. 18 (Korea Bizwire) – According to official data, there are over 240 ‘Jongga’ restaurants that offer traditional Korean meals in North Gyeongsang Province. The province wants to uncover the centuries-old tradition and culture of traditional cuisine and bring it into the mainstream. To do so, authorities will select restaurants specializing in unique delicacies [...]

Study on Relationship Abuse Finds Almost 80% of Men Have Committed “Violence” Against Their Significant Other

Study on Relationship Abuse Finds Almost 80% of Men Have Committed “Violence” Against Their Significant Other

SEOUL, Aug. 18 (Korea Bizwire) – According to a report compiled by researcher Hong Yeong Ho at the Korea Institute of Criminology, 1,593 men out of 2,000 who were surveyed responded that they had committed “acts of violence” towards their significant other. Hong’s paper takes an expansive view of “acts of violence” by including actions [...]

Eastar Jet, Cheongju International Airport Struggling Amidst THAAD Backlash

Eastar Jet, Cheongju International Airport Struggling Amidst THAAD Backlash

CHEONGJU, Aug. 17 (Korea Bizwire) – Geopolitical tensions are having a real effect on the Korean economy as North Chungcheong Province announced on August 15 that the low-cost carrier Eastar Jet had abandoned its plans to resume flight operations from Chungcheong International Airport to five Chinese cities. Since the cooling of relations between China and [...]