SEOUL, Feb. 8 (Korea Bizwire) — South Korea’s total revenue, including tax gains, fell 77 trillion won (US$57.9 billion) on-year in 2023 due to economic challenges from home and abroad, government data showed Thursday. For fiscal 2023, the country’s total revenue amounted to 497 trillion won, falling from 573.9 trillion won tallied a year earlier, [...]
SEOUL, Feb. 6 (Korea Bizwire) — The culture ministry on Tuesday unveiled its policy goals for this year, aiming to establish South Korea as a leading global cultural powerhouse and foster citizens’ happiness through cultural engagement. According to the plans announced by Culture, Sports and Tourism Minister Yu In-chon, the ministry will provide a record [...]
SEOUL, Jan. 31 (Korea Bizwire) — With his voice hoarse and having the look of an emotionally exhausted man, South Korea head coach Jurgen Klinsmann said he was “very, very proud” of his team for rallying past Saudi Arabia at the Asian Football Confederation (AFC) Asian Cup in Qatar on Tuesday. Trailing 1-0 with the [...]
SEOUL, Jan. 26 (Korea Bizwire) — Dubbing South Korea “the Ireland of Asia,” the top Irish envoy in Seoul voiced expectations for a deeper partnership as countries with striking parallels, from experiencing colonial grievances to making drastic economic leaps driven by resilient people. Ambassador Michelle Winthrop made the remarks in an interview with Yonhap News [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korea ranked fifth in the world in terms of military strength, while North Korea’s standing was at 36th, an annual military power index showed Friday. South Korea had a firepower score of 0.1416 to stand at fifth out of 145 countries, according to Global Firepower 2024. Its standing [...]
SEOUL, Jan. 11 (Korea Bizwire) — South Korea’s science ministry said Thursday it aims to launch a full-fledged space agency in May, with the nation seeking to join the ranks of advanced nations of spaceflight. The planned launch of the Korea AeroSpace Administration (KASA), which came as the National Assembly passed a set of bills [...]
SEOUL, Jan. 3 (Korea Bizwire) — The year 2023 was the warmest year of all time for South Korea as global warming heated up the Korean Peninsula to reach the average temperature of 13.7 C last year, the state weather agency said Wednesday. It marks the highest annual mean temperature since 1973, the year considered [...]
SEOUL, Dec. 27 (Korea Bizwire) – South Koreans are reportedly more satisfied with their leisure activities than they have been in over a decade, according to a recent survey. A survey showed that 60.7% of respondents are generally satisfied with their leisure activities, marking the highest rate since 2012 and a 4.1 percentage point increase from [...]
SEOUL, Dec. 27 (Korea Bizwire) – South Korea has been reported to spend 2% of its Gross Domestic Product (GDP) on environmental protection, averaging approximately 920,000 won per capita. The Ministry of Environment revealed the compilation results of the environmental protection expenditure account for 2021 on December 25. In 2021, the national expenditure for environmental protection [...]
SEOUL, Dec. 26 (Korea Bizwire) — The South Korean economy is expected to be on track for a recovery in 2024 on rising exports, but sluggish growth looms large as higher-for-longer interest rates and sticky inflation could further hamper global growth and domestic demand, experts said Tuesday. South Korea has faced multiple economic challenges in [...]