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For Many Young South Koreans, Housing Costs Loom Large

SEOUL, Apr. 26 (Korea Bizwire) – Housing expenses represent the biggest monthly financial burden for four out of 10 people in their 20s and 30s in South Korea, according to a recent survey, highlighting the challenges of expensive housing costs for young adults in the country. The poll of 1,547 people in their 20s and 30s,

April 26, 2024 | Finance & Economy, National, Real Estate Market, Social Affairs, Survey & Research, Top News | 0 Comments

Baemin Introduces Subscription Service Offering Unlimited Delivery Fee Discounts

SEOUL, Apr. 26 (Korea Bizwire) – Baemin (Baedal Minjok), South Korea’s leading food delivery platform, is launching a new subscription service called “Baemin Club” that will provide unlimited discounts on delivery fees. The announcement was made on Tuesday by Woowa Brothers, the company that operates Baemin. The primary benefits of the subscription include free delivery fees

April 26, 2024 | Business, Food/Beverage, Industries, Services and Others, Top News | 0 Comments

South Korean ‘German Village’ Unveils European-Style Boutique Hotel

NAMHAE, Apr. 26 (Korea Bizwire) – A European-inspired boutique hotel has opened in the German Village, a tourist destination in Namhae County, South Gyeongsang Province, transforming the quaint district modeled after a traditional Bavarian town into one of South Korea’s largest “village hotel” concepts. Namhae County officials announced on April 25 that 50 rental homes in

April 26, 2024 | Lifestyle, Top News, Travel & Leisure | 0 Comments

South Korean Scientists Develop Innovative Anti-Counterfeiting ‘Smart Labeling’ Technology

SEOUL, Apr. 26 (Korea Bizwire) – A groundbreaking new labeling technology that prevents forgery and counterfeiting by engraving information instead of using adhesive stickers has been developed by a team of researchers in South Korea, according to an announcement by the Ministry of Science and ICT. The research, led by professor Rho Junsuk of the Pohang

April 26, 2024 | Science, Security & Payment, Technology, Top News | 0 Comments

Hyundai to Produce Hybrid Vehicles at New U.S. Electric Car Plant

SEOUL, Apr. 26 (Korea Bizwire) – Hyundai Motor Company has announced plans to manufacture hybrid vehicles at its upcoming electric vehicle (EV) plant in Georgia, United States, scheduled to commence operations in the latter half of this year. During a conference call discussing the company’s first-quarter earnings on April 25, Lee Seung Jo, Head of Hyundai’s

April 26, 2024 | Automotive, Business, E Vehicles, Mobility, Top News | 0 Comments

In Tech Rift, Japan Presses a Korean Internet Giant to Cede Control

SEOUL, April 25 (Korea Bizwire) – A major Japanese internet company partly owned by Naver, South Korea’s biggest web portal, is facing pressure from Tokyo to strip the Korean tech firm of its controlling stake after a data breach last year, an extraordinarily aggressive move that threatens to upend a rare alliance between corporate giants from

April 25, 2024 | App and Mobile, International Affairs, National Politics, Technology, Top News | 0 Comments

Migrant Workers in South Korea Face Staggering Unpaid Wage Arrears

SEOUL, April 25 (Korea Bizwire) – A significant number of migrant workers in South Korea have experienced wage theft, with the average amount owed surpassing 6 million won according to a recent government study. The report, titled “Research Study on the Current Situation of Wage Arrears for Migrant Workers and Remedies,” was commissioned by the National

April 25, 2024 | Labour Issues, National Politics, Top News | 0 Comments