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S. Korea Designates Ulsan, Other Restructuring-hit Regions as Emergency Industrial Zone

S. Korea Designates Ulsan, Other Restructuring-hit Regions as Emergency Industrial Zone

SEJONG, May 29 (Korea Bizwire) — South Korea has designated Ulsan, Geoje, Mokpo and several other regions, home to the country’s shipbuilders and related industries, as an emergency response zone to provide job support and tax incentives as these areas are reeling from high unemployment, the commerce ministry said Tuesday. The designation came as local [...]

Majority of S. Korean Whale Meat Consumers Want Whaling to Stop

Majority of S. Korean Whale Meat Consumers Want Whaling to Stop

ULSAN, March 22 (Korea Bizwire) — “Though whale meat that is illicitly procured and sold is thought of negatively by South Korean consumers, they buy it without having the means of confirming whether the meat has been gotten through legal channels.” Bradley Tatar, a professor at UNIST and the first non-Korean scholar to analyze Ulsan’s [...]

Navy to get new submarine

Navy to get new submarine

SEOUL, Jan. 19 (Korea Bizwire) – South Korea’s Navy will receive a new diesel-electric air-independent propulsion submarine Friday capable of staying underwater more than 10 days, the state arms agency said. The Defense Acquisition Program Administration (DAPA) plans to deliver the Hong Beom Do submarine to the Navy in a ceremony at the shipyard of Hyundai Heavy Industries in Ulsan. Named after a respected independent fighter during Japan’s [...]

Population Shrinking Fast in Ulsan’s Shipbuilding Town Following Recession

Population Shrinking Fast in Ulsan’s Shipbuilding Town Following Recession

ULSAN, Jan. 5 (Korea Bizwire) – With the South Korean shipbuilding industry left reeling by changing economic fortunes, the population of the well-known shipbuilding neighborhood of Dong District in Ulsan is dwindling fast. Data from the Ministry of the Interior and Safety and Ulsan Metropolitan City released on Friday revealed the number of South Korean [...]

Korean Air to Fly CS300 Aircraft on Seoul-Ulsan Route

Korean Air to Fly CS300 Aircraft on Seoul-Ulsan Route

ULSAN, South Korea, Jan. 3 (Korea Bizwire) — Korean Air Lines Co. will fly its new CS300 aircraft on the Seoul-Ulsan route later this month, Ulsan city government said Wednesday. South Korea’s flagship carrier will fly two fuel-efficient 127-seat CS300s, manufactured by Canadian aircraft company Bombardier, on domestic routes linking Seoul to Ulsan, Pohang, Yeosu [...]