VLADIVOSTOK, Sept. 7 (Korea Bizwire) — President Moon Jae-in on Thursday proposed expanding economic cooperation between South Korea and Russia in a wide range of areas, including energy, infrastructure and agriculture, noting those projects might set an example of co-prosperity for isolated North Korea. In his address to the third Eastern Economic Forum (EEF) in [...]
SEOUL, Sept. 6 (Korea Bizwire) – Average incomes for dual-income and single-income households between April and June, at 5.47 million won and 3.69 million won, respectively, are the closest they have been since the fourth quarter of 2015 (October through December) according to figures provided by Statistics Korea. Dual-income households earned only 1.48 times what [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korean President Moon Jae-in is set to visit Russia next week for a bilateral summit with his Russian counterpart Vladimir Putin and other heads of state, as well as a regional forum aimed at boosting economic cooperation in Northeast Asia that includes Russia’s Far East, an official from [...]
SEOUL, Aug. 31 (Korea Bizwire) — Facing a bellicose northern neighbor that fires missiles, tests nukes and habitually threatens a war of annihilation, South Korea may look like a dangerous flashpoint to the eyes of outsiders. But the country has been inured, or resigned, to the perennial threats from North Korea for decades. So small [...]
SEOUL, Aug. 30 (Korea Bizwire) — Behind the warmongering, threatening, obnoxious bluster of North Korea is a rapidly changing society evidenced by the proliferation of cell phones and greater emphasis on English lessons throughout the public education system. The early 2000s was when cracks started to appear in the omnipresent communist ethos. Small outbursts of [...]
SEOUL, Aug. 28 (Korea Bizwire) — The Bank of Korea submitted a report to the Strategy and Finance Committee of the National Assembly today in which it predicted that this year’s economic growth would fall short of 3 percent despite the improving global economy and supplementary revisions made to the national budget. The central bank [...]
INCHEON, Aug. 28 (Korea Bizwire) — Thousands of veterinarians gathered Monday in Incheon, west of Seoul, to discuss ways to enhance the health of humans, animals and the environment around the world. In a speech opening the 33rd World Veterinary Congress earlier in the day, South Korean Prime Minister Lee Nak-yon said, “The congress will [...]
POHANG, Aug. 22 (Korea Bizwire) – A team of engineers from Pohang University of Science and Technology has successfully developed so-called “bio-blood-vessels” using material extracted from the human body as a template for 3D printing. The team found that its printed blood vessels exhibited no problems in performing their desired function when implanted. The vessels [...]
SEOUL, Aug. 10 (Korea Bizwire) — Smokers lighting up in the comfort of their homes will no longer be able to continue in safe anonymity. On August 9, the Ministry of Land, Infrastructure and Transport announced that it had revised existing regulations to cut down on indoor smoking in residential apartments. Under the new policy, apartment [...]
SEOUL, June 5 (Korea Bizwire) – Airbnb Inc. said Monday about 510,000 foreigners visited South Korea last year using its room-sharing platform in the latest sign of its growing popularity. The figure represents a 130-percent hike from 220,000 recorded in 2015, the website operator said. Separately, about 500,000 South Koreans also used Airbnb in traveling [...]