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Study Finds Misleading Claims in South Korea’s Biodegradable Plastics Market

SEOUL, Dec. 4 (Korea Bizwire) – South Korea’s consumer protection agency revealed on December 3 that many biodegradable plastic products are being marketed with misleading claims that don’t match their actual certifications, potentially confusing consumers about their environmental impact. The Korea Consumer Agency (KCA) examined online advertisements for 80 biodegradable plastic products currently available in the [...]

2ONE Labs Receives Second FDA PMTA ‘Acceptance’ Notification for Additionally Submitted 2ONE® Branded Nicotine Pouch Products

LAKE TAHOE, Nev., Dec. 3 (Korea Bizwire) — 2ONE Labs Inc., is pleased to have received ‘Acceptance’ of a second Premarket Tobacco Product Application (PMTA) for additional flavored 2ONE® nicotine product styles submitted to the U.S. Food and Drug Administration (FDA). Welcoming receipt of this additional FDA ‘Acceptance’ notification, Vincent Schuman, CEO of 2ONE Labs, said: [...]

‘Buy Only What You Need’: Young South Koreans Embrace Minimalist Fashion Trend

SEOUL, Dec. 3 (Korea Bizwire) – In a shift away from luxury brand obsession, South Korea’s younger generation is increasingly adopting a “YONO” (You Only Need One) approach to fashion consumption, prioritizing practicality and versatility over conspicuous consumption. The trend, particularly popular among millennials and Gen Z consumers born between the early 1980s and early 2000s, [...]

Amid Aging Workforce, South Korea’s Businesses Grapple with Retirement Extension Plans

SEOUL, Dec. 3 (Korea Bizwire) – As South Korea confronts an aging population, discussions around extending the retirement age are gaining momentum in political and corporate circles. While companies remain wary of increased wage burdens, they are exploring flexible approaches to address the issue. The ruling People Power Party has highlighted the urgency of reform. [...]

South Korea’s Retail Landscape Faces Shifts as Duty-Free Sector Struggles Amid Changing Tourist Preferences

SEOUL, Dec. 3 (Korea Bizwire) – South Korea’s duty-free sector is grappling with declining performance as foreign tourists increasingly favor road shops and specialty stores, such as health and beauty retailer Olive Young, over traditional duty-free outlets. This trend was highlighted at the “2025 Retail Industry Outlook Seminar” held by the Korea Chamber of Commerce [...]

LG Energy Mulls Buying GM’s Stake in Michigan Battery Plant

SEOUL, Dec. 3 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Tuesday it is considering buying General Motors Co.’s stake in their joint venture battery plant in Michigan. “The company is considering acquiring the Ultium Cells JV 3 plant in Lansing, Michigan, to effectively operate its U.S. plants and [...]

Warehouse Clubs Defy Retail Slump in South Korea, Driving Growth Through Bulk Sales

SEOUL, Dec. 3 (Korea Bizwire) – Amid years of declining traditional retail sales, warehouse clubs are emerging as bright spots in South Korea’s brick-and-mortar retail landscape. E-mart’s Traders and Costco Korea are bucking the trend of offline retail struggles and inflation-driven consumer caution, primarily through their bulk-sale, low-price business model. According to data from E-mart released [...]

Seventeen to Perform at Billboard Music Awards Next Week

SEOUL, Dec. 3 (Korea Bizwire) — K-pop boy band Seventeen is set to take the stage at the Billboard Music Awards (BBMA) in Los Angeles next week. According to BBMA’s official Instagram page, the group will perform “Love, Money, Fame,” at the ceremony next Thursday. The lead single, which features American music producer DJ Khaled, [...]

LG Energy Solution, GM to Jointly Develop Prismatic Battery Cells

SEOUL, Dec. 3 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Tuesday it has signed a deal with General Motors Co. to develop prismatic battery cells. Under the agreement, the companies will jointly develop prismatic battery cell technology and affiliated battery materials or “chemistries.” Once developed, the prismatic battery cells [...]

Russia Used Some 60 N. Korean Ballistic Missiles in Ukraine War: Report

SEOUL, Dec. 3 (Korea Bizwire) — Russia is believed to have used some 60 ballistic missiles provided by North Korea in the war against Ukraine, a Ukrainian media outlet has reported, citing its intelligence authorities. Andrii Chernyak, the representative of the Defense Intelligence of Ukraine’s (DIU) defense ministry, shared the analysis in an interview with [...]