SEOUL, July 21 (Korea Bizwire) — Hyundai Motor and Kia are forecast to post lackluster second-quarter earnings this week, as newly imposed U.S. tariffs on specific automotive categories weigh on profitability despite modest revenue growth. According to South Korean auto industry sources on Monday, Hyundai is scheduled to announce its Q2 results on July 24, [...]
SEOUL, July 21 (Korea Bizwire) — South Korea’s railway network is witnessing a major surge in foreign ridership, with nearly 3 million international travelers using high-speed and conventional trains in the first half of 2025 — nearly double the number from two years ago. According to data from KORAIL and SR, operator of the Suseo [...]
SEOUL, July 21 (Korea Bizwire) — One year after South Korea implemented a program allowing pregnant women in crisis to give birth under pseudonyms, 109 women have utilized the service, and 171 others have opted to raise their children following state-supported counseling, according to the Ministry of Health and Welfare. The program, known as the [...]
SEOUL, July 21 (Korea Bizwire) — A growing number of South Korean university students are treating enlistment in the Air Force like a college entrance exam, as soaring competition has triggered a rush for certifications, volunteer hours, and even blood donations in a bid to earn higher scores in the military’s recruitment system. With monthly [...]
SEOUL, July 21 (Korea Bizwire) — In response to the rapid proliferation of new synthetic narcotics, the South Korean government is seeking to drastically shorten the classification timeline for temporary controlled substances from the current 40 days to roughly two weeks, aiming to bolster early detection and enforcement capabilities. The Ministry of Food and Drug Safety [...]
SEOUL, July 21 (Korea Bizwire) — With South Korea’s pet-owning population now exceeding 15 million, demand is surging for home appliances designed with companion animals in mind — a fast-growing category known as “pet care appliances.” According to industry sources, the number of users accessing the Pet Care features of Samsung Electronics’ SmartThings platform increased [...]
SEOUL, July 21 (Korea Bizwire) — As South Korea prepares to roll out its nationwide consumer coupon initiative aimed at reviving domestic spending, some foreign residents, including permanent residents and marriage immigrants, are set to benefit from the program for the first time. Beginning July 21, eligible residents can apply for the consumer coupons, which offer [...]
SEOUL, July 21 (Korea Bizwire) — As small restaurant owners continue to struggle with rising operational costs and a sluggish economy, South Korea’s National Assembly is considering introducing a cap on delivery app fees — a move that could significantly reshape the country’s booming food delivery sector. At the center of the debate is the [...]
SEOUL, July 21 (Korea Bizwire) — As Korean pop culture continues to captivate global audiences, secondhand K-pop merchandise is experiencing a dramatic surge in international demand, driving a new wave of “reverse direct-to-consumer” sales from South Korea to overseas buyers. According to Bunjang, a leading Korean secondhand marketplace, the platform’s global transaction volume in the first [...]
BUSAN, July 21 (Korea Bizwire) — As housing market polarization between metropolitan and regional areas intensifies, Busan is witnessing a stark internal divide in apartment prices, with the gap between its highest- and lowest-priced units reaching a record high over the past decade. According to data from KB Real Estate analyzed by real estate platform Budongsan [...]