SEOUL, Sept. 19 (Korea Bizwire) – The rapid growth of coworking spaces in Seoul, which surged during the COVID-19 pandemic, is now showing signs of deceleration. This shift is attributed to a decline in demand from the startup sector and the recent bankruptcy of WeWork, the pioneer of the coworking model. According to a report released [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a significant shift in South Korea’s automotive landscape, imports of Chinese electric vehicles have surpassed the 1 trillion won mark this year, according to data from the Ministry of Trade, Industry and Energy and the Korea International Trade Association. From January to July, South Korea’s battery electric vehicle (BEV) [...]
SEOUL, Sept. 19 (Korea Bizwire) — LG Electronics Inc. said Thursday it has joined hands with global office solutions provider Ricoh Co. to enhance its business-to-business (B2B) sector, a key growth driver for the Korean home appliance firm. Under the memorandum of understanding, the two companies will collaborate to develop and offer services that support [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a milestone for consumer technology in space exploration, Samsung Electronics announced on September 18 that its Galaxy Watch5 was utilized in a body composition monitoring study during the Polaris Dawn project, the first-ever civilian spacewalk mission. The study, led by the University of Hawaii Cancer Center, aimed to monitor [...]
SEOUL, Sept. 19 (Korea Bizwire) — The peak electricity demand jumped 30 percent on-year during the Chuseok holiday, data showed Thursday, in the latest evidence that autumn heat has gripped the nation. The country’s average maximum power demand reached 70.3 gigawatts from Monday to Wednesday, compared with 54.4 gigawatts recorded during the previous year’s Chuseok, [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a recent evaluation of the world’s best cancer hospitals, three South Korean medical institutions have secured positions within the top 10, marking a significant achievement for the country’s healthcare system. According to Newsweek’s “World’s Best Specialized Hospitals” rankings released on September 18, Samsung Medical Center, Asan Medical Center, and [...]
VICTORIA, Seychelles, Sept. 18 (Korea Bizwire) – Bitget, the leading cryptocurrency exchange and Web3 company, has released an extensive report outlining the current state and development traction of the TON ecosystem, while highlighting its existing shortcomings and potential future threats. The report by Bitget starts by mentioning TON’s 900 million active user base, mostly from the [...]
SEOUL, Sept. 19 (Korea Bizwire) — Police have decided not to refer actor Yoo Ah-in to prosecutors over rape accusations a man filed against him, citing insufficient evidence, officials said Thursday. A man in his 30s filed a complaint with the police in July, accusing the actor of raping him while he was asleep at [...]
SEOUL, Sept. 19 (Korea Bizwire) — Container shipping costs from South Korea to the U.S. east coast and Europe increased for the fourth consecutive month in August amid prolonged geopolitical risks in the Red Sea, data showed Thursday. The average shipping cost for a 40-foot container from South Korea to the U.S. east coast rose [...]
SEOUL, Sept. 19 (Korea Bizwire) — GS Caltex Corp., South Korea’s second-biggest refiner by sales, said Thursday it has exported sustainable aviation fuel (SAF) to a Japanese trading company. Last week, GS Caltex supplied 5,000 kiloliters of SAF to Itochu Corp., which has delivered the environment-friendly fuel to Narita International Airport, the company said in [...]