SEOUL, July 17 (Korea Bizwire) — The consumption trend for affordable luxuries continues to expand among South Korea’s younger generation. This trend is particularly noticeable in the beauty sector, where consumers can express their values, preferences, and personality at an affordable price. Between January and June of this year, sales of luxury cosmetics at Lotte [...]
SEOUL, July 17 (Korea Bizwire) — Some 800 competitors participated in the 2023 Lotte Aquathlon competition held on Sunday. The sports competition involves swimming 1.5 kilometers across Seokchon Lake in southeastern Seoul and running up 2,917 stairs to reach the top of the 123-story Lotte World Tower, South Korea’s tallest skyscraper. Initiated by Lotte Property [...]
SEOUL, July 17 (Korea Bizwire) — LG Electronics Inc. on Sunday released a “modular plant kit” for its indoor gardening appliance, the LG tiiun. Users can plant seeds in the LG tiiun mini and transfer them to a separate pot once they reach full growth. The kit includes five holes where two seed kit modules [...]
INCHEON, July 17 (Korea Bizwire) — An annual event to reenact “Operation Chromite,” a U.S.-led operation during the Korean War, will return after 7-year hiatus, the event’s host city said Sunday. The city of Incheon and the Navy will jointly reproduce the event by mobilizing 29 warships, 23 aircraft, 15 amphibious vehicles, and 3,000 troops [...]
SEOUL, July 17 (Korea Bizwire) — A bill to toughen the punishment for the intentional killing of newborn babies and relevant body abandonment passed a National Assembly committee Monday. The Legislation and Judiciary Committee approved the revision of the Criminal Act, which calls for raising the punishment for infanticide and abandonment of an infant’s body [...]
SEOUL, July 17 (Korea Bizwire) — South Korean shipbuilder Samsung Heavy Industries Co. said Monday it has bagged a 3.96 trillion-won (US$3.1 billion) order to build 16 container ships for an Asian shipper. The 16,000 twenty-foot equivalent unit (TEU) vessels powered by methanol will be delivered to the undisclosed shipping company in stages by December [...]
SEOUL, July 17 (Korea Bizwire) — South Korea will hold an international defense exhibition in October to showcase advanced military hardware and technologies, organizers said Monday, amid Seoul’s push to become a major player in the global arms market. The six-day Seoul International Aerospace & Defense Exhibition (ADEX) 2023 will kick off on Oct. 17 [...]
Washington, DC, July 17 (Korea Bizwire) — TORINO, Italy—Bitter Winter, the magazine of the Centre for Studies on New Religions (CESNUR), has published a letter that was sent to Japan’s key leaders about religious freedom in Japan in July 2023. In their “Letter to the Government: Why Japan Should Guarantee Religious Liberty to the Unification [...]
SEOUL, July 17 (Korea Bizwire) — BLACKPINK, the world’s biggest girl group, has garnered over 90 million subscribers on YouTube, cementing its position as the most-followed musical act on the global video sharing service. The quartet hit the milestone at 5:36 a.m. Monday, about seven years and a month after its YouTube channel was created, [...]
SEOUL, July 17 (Korea Bizwire) – South Korea’s car exports soared nearly 50 percent on-year in the first half of the year to reach an all-time high, driven by solid demand for eco-friendly cars, the industry ministry said Monday. The value of outbound shipments of automobiles came to US$35.7 billion during the first six months [...]