SEOUL, Jan. 30 (Korea Bizwire) - Authorities held a meeting Thursday on how to conduct a probe into an Air Busan passenger plane that caught fire at a South Korean airport earlier this week amid safety concerns, the land ministry said. On Tuesday, the Airbus plane operated by budget carrier Air Busan and bound for [...]
SEOUL, Jan. 30 (Korea Bizwire) — Single women significantly outnumber single men in South Korea’s reverse mortgage program, accounting for nearly five times as many participants, according to recent government housing finance statistics. As of November 2024, single women made up 38% of new reverse mortgage subscribers, compared to just 8.1% for single men. Of the 13,163 [...]
SEOUL, Jan. 30 (Korea Bizwire) — In a significant shift within South Korea’s beauty industry, “inner beauty” supplements are gaining momentum as the next frontier of K-beauty, marking a transition from traditional cosmetics to ingestible beauty products. According to industry sources, the inner beauty segment is experiencing rapid growth, driven by increasing consumer interest in holistic health [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korean drug manufacturers are rapidly expanding their presence in the global autoimmune disease treatment market, challenging the longtime dominance of Western pharmaceutical giants. Autoimmune diseases, which occur when the body’s immune system mistakenly attacks its own organs, tissues, and cells, encompass a range of conditions including rheumatoid arthritis, multiple sclerosis, [...]
SEOUL, Jan. 30 (Korea Bizwire) — SK Telecom Co.’s envisioned artificial intelligence (AI) assistant service for global users will likely feature connections to popular online applications, such as Google Calendar, sources said Thursday. The AI assistant, named aster, is expected to help users create to-do lists and make reservations for transportation and accommodations based on [...]
SEOUL, Jan. 30 (Korea Bizwire) — Samsung Display Co., a panel manufacturing unit of Samsung Electronics Co., said Thursday its new office building has received top ratings from a U.S. green building certification system for its energy efficiency and eco-friendly design. Samsung Display Research, the company’s newly built headquarters in Giheung on the southern outskirts [...]
SEOUL, Jan. 30 (Korea Bizwire) — The Navy’s new MH-60R Seahawk helicopters will begin to arrive in South Korea next month, officials said Thursday, as part of efforts to better counter threats posed by North Korean submarines. In 2020, defense authorities approved a 960 billion-won (US$667.6 million) project to purchase 12 Seahawks from U.S. defense [...]
SEOUL, Jan. 30 (Korea Bizwire) — Starbucks Korea is planning to add at least 100 outlets this year after recently opening the 2,003rd store in Asia’s fourth-biggest economy, an industry source said Thursday. The Seattle-based coffee giant introduced its first store in front of Ewha Womans University in Seoul in 1999 in partnership with local [...]
Christie’s International Real Estate Hong Kong is led by Samson Law, a 30-year veteran of the Hong Kong real estate industry HONG KONG, Jan. 29 (Korea Bizwire) — Global luxury real estate network Christie’s International Real Estate continues its expansion in East Asia with the launch of Christie’s International Real Estate Hong Kong. The new venture is [...]
SEOUL, Jan. 30 (Korea Bizwire) — Traffic on major highways built up nationwide Thursday, as millions of South Koreans returned home on the final day of the extended six-day Lunar New Year holiday. On some sections of the Gyeongbu Expressway, which links Seoul to the southeastern city of Busan through major cities, cars were often [...]