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 [...]
SEOUL, Dec. 20 (Korea Bizwire) — The nation is bracing for an arctic cold wave later this week, with morning lows plummeting to between minus 19 C and minus 5 C across the country, the state weather agency said Wednesday. The season’s strongest cold wave is forecast to peak on Thursday and Friday, when the [...]
SEOUL, Dec. 19 (Korea Bizwire) — The sea level of South Korea has increased more than 10 centimeters over the past 34 years amid growing concerns over climate change, the government data showed Tuesday. The country’s average coastal surface height rose 10.3 cm from 1989 to 2022, advancing 3.03 millimeters annually, according to the state-run [...]
SEOUL, Dec. 5 (Korea Bizwire) — South Korea fell to second place in new global shipbuilding orders in November to trail behind China again, industry data showed Tuesday. South Korean shipyards clinched orders totaling 570,000 compensated gross tons (CGTs) for 15 ships, accounting for 36 percent of the global total of 1.59 million CGTs last [...]