SEOUL, Nov. 29 (Korea Bizwire) — The Organization for Economic Cooperation and Development (OECD) revised up the outlook for South Korea’s economic growth next year to 2.3 percent on a recovery in exports and eased geopolitical tensions, Seoul’s finance ministry said Wednesday. The figure marked a 0.2 percentage-point increase from its projection of 2.1 percent [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korean shipbuilders are widely expected to lag far behind their Chinese rivals in new global orders to place second worldwide in 2023 amid falling demand, according to industry data Wednesday. Local shipyards won a combined 9.55 million compensated gross tons (CGTs) in new orders in the first 11 [...]
SEOUL, Nov. 27 (Korea Bizwire) — China’s top envoy to South Korea said Monday that Beijing will seek to advance ties with both South Korea and the United States, calling it an “obligation” to tackle global challenges. The remarks by Xing Haiming came a day after the top diplomats of South Korea, China and Japan [...]
SEOUL, Nov. 27 (Korea Bizwire) – A proposal for a Korean version of “Lucy’s Law” has been presented to tackle the issue of substandard pet breeding centers, commonly known as puppy mills. Last Thursday, Representative Wi Seong-gon, a member of the Democratic Party of Korea, along with animal rights organizations such as Korea Animal Rights Advocates [...]
SEOUL/PARIS, Nov. 23 (Korea Bizwire) — South Korea has been elected to the UNESCO World Heritage Committee for a four-year term through 2027, officials here said Thursday, marking the country’s fourth such election as a member of the committee. Seoul regained the membership at the 24th session of the General Assembly of the States Parties [...]
SAN FRANCISCO, Nov. 16 (Korea Bizwire) — South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida voiced hope for closer cooperation between their countries as they met on the sidelines of an Asia-Pacific Economic Cooperation (APEC) summit on Thursday. The two leaders met at a hotel in San Francisco, marking their seventh [...]
SEOUL, Nov. 14 (Korea Bizwire) – The number of campgrounds nationwide has grown rapidly in recent years, reaching a new record of approximately 3,600. In particular, since the onset of the COVID-19 pandemic, outdoor activities like camping have experienced a surge in popularity, leading to a significant rise in the demand for campsites. The number of [...]
SEOUL, Nov. 14 (Korea Bizwire) – The number of individuals living with diabetes in Korea has surpassed 6 million, with over half of adults requiring diabetes management, including those in the pre-diabetes stage. On Monday, preceding World Diabetes Day (November 14), the Korea Disease Control and Prevention Agency (KDCA) released a report on the current status [...]
SEOUL, Nov. 9 (Korea Bizwire) — South Korea has launched a government-wide special scheme on the management of prices of key food and other items to bring inflation under control, the finance ministry said Thursday. Vice ministers of all government ministries are supposed to be in charge of monitoring prices of items concerned and implementing [...]
Jakarta, Nov. 8 (Korea Bizwire) – South Korea holds the top spot as the most desired destination for Indonesians to visit, with over 60 percent expressing that they find the country “suitable” as a model for their own nation’s development. A recent survey conducted by the Embassy of the Republic of Korea in Indonesia revealed that [...]