SEOUL, Feb. 17 (Korea Bizwire) — South Korea’s Engel’s coefficient jumped in the post-pandemic era far higher than in other major countries, indicating that low-income earners are struggling more financially in relative terms, a private think tank said Thursday. The Korea Economic Research Institute (KERI) reported that the Engel’s coefficient for the Asia’s fourth-largest economy [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea ranks second on the “passport index,” according to a British consultancy specializing in investment migration. Henley & Partners released a Global Mobility Report for the first quarter of 2023, in which Japan ranked first on the passport index. The ranking was based on the International Air Transport [...]
TEMECULA, Calif., Jan. 10 (Korea Bizwire) — Nikkiso Clean Energy & Industrial Gases Group (“Group”), a part of the Nikkiso Co., Ltd (Japan) group of companies, is proud to announce its first on-site FAT testing at their new Marine facility in Busan, Korea. This accomplishment exemplifies their commitment to and support of the growth of [...]
SEOUL, Jan. 10 (Korea Bizwire) – South Korea will double the annual budget for overseas development grants in the agricultural sector to 500 billion won (US$401.4 million) by 2027, the agriculture ministry said Tuesday. The government approved the plan to raise the yearly budget for official development assistance (ODA) grants, which was 246.7 billion won [...]
SEOUL, Jan. 7 (Korea Bizwire) — Last year was the ninth warmest year on record in South Korea, data showed Saturday. The Korea Meteorological Administration (KMA) said the average temperature throughout 2022 was 12.9 C, 0.4 C higher than the average of 12.5 C during the baseline period from 1991 to 2020. It also marked [...]
DOHA, Dec. 6 (Korea Bizwire) — It wouldn’t really be an underdog story without challenges overcome and hurdles cleared. And to be sure, South Korea faced more than their share during their unlikely journey to the knockout phase of the FIFA World Cup in Qatar. South Korea lost to Brazil 4-1 in the round of 16 [...]
AL RAYYAN, Dec. 3 (Korea Bizwire) — South Korea will be up against Brazil in their first knockout match of the FIFA World Cup in Qatar next week. South Korea, as the runners-up of Group H, will be heavy underdogs against Brazil, world No. 1 and Group G winners, in their round of 16 match [...]
SEOUL, Nov. 29 (Korea Bizwire) — South Korea said Tuesday it plans to contribute US$3 million worth of humanitarian aid for a World Food Programme scheme to provide Ukrainian grain to countries vulnerable to famine and drought. It has decided to join the “Grain from Ukraine” initiative that aims to allocate parts of Ukrainian grain [...]
HANOI, VIETNAM, Oct. 20 (Korea Bizwire) — South Korea has been, is, and will be the leading investor in Vietnam. The two parties can cooperate to achieve “Dual Goals” of US$100 billion in bilateral trade and total investment in the near future, said Do Nhat Hoang, Director of the Foreign Investment Agency under the Ministry [...]
WONJU, South Korea, Oct. 17 (Korea Bizwire) — Fortinet, a global leader in broad, integrated and automated cybersecurity solutions, will become the Official Cybersecurity Partner of the BMW Ladies Championship, taking place at the Oak Valley Country Club in the Republic of Korea. The partnership with the BMW Ladies Championship will represent Fortinet’s first sponsorship [...]