SEOUL, Aug. 22 (Korea Bizwire) — South Korea’s antitrust regulator on Tuesday approved the launch of a joint venture between LS, the country’s 16th-largest conglomerate, and battery material producer L&F Co. The go-ahead for the new company that will produce precursors, tentatively named LS-L&F Battery Solution, came after the two firms filed applications in June, [...]
SEOUL, Aug. 22 (Korea Bizwire) — K-pop supergroup BTS’ music video for its 2019 song “Boys with Luv” has surpassed 1.7 billion views on YouTube, making it the second-most watched video following “Dynamite,” its agency said Tuesday. The music video, uploaded on YouTube in April 2019, reached the milestone at 8:18 p.m. Monday, according to [...]
SEOUL, Aug. 22 (Korea Bizwire) — BTS member Jungkook’s debut solo single, “Seven,” stayed atop the U.S. Billboard Global 200 and Global Excl. U.S. charts for the fifth consecutive week. According to the latest charts unveiled Monday (U.S. local time), “Seven” continued to lead both charts for five weeks in a row, making Jungkook the [...]
SEOUL, Aug. 22 (Korea Bizwire) — Numerous online communities have recently brought to light instances where certain local establishments, such as restaurants and cafes, have been requesting tips from customers. This trend has raised concerns about the potential emergence of an unfavorable “tipping culture” in South Korea. Just last week, a well-known online community shared [...]
SEOUL, Aug. 22 (Korea Bizwire) — While numerous global companies that adopted telecommuting over the last three years are gradually summoning employees back to a traditional office setting, South Korean enterprises are likewise scaling back their telecommuting initiatives, attributing the change to communication challenges. This situation has triggered varied responses among employees. Some assert that [...]
YEONGCHEON, Aug. 22 (Korea Bizwire) — South Korea’s second-longest suspension bridge, the Mount Bohyeon Dam Suspension Bridge, located in Yeongcheon, North Gyeongsang Province, is set to open on Aug. 30, the municipal government said Monday. The pedestrian bridge will stretch a total of 530 meters, with the gap between the primary towers spanning an estimated [...]
SEOUL, Aug. 22 (Korea Bizwire) — Toyota Motor Korea Co. said Monday it has initiated pre-order sales of the Alphard hybrid minivan at its official showrooms across the nation. Set to debut in South Korea on Sept. 18, the Alphard is a seven-seat model available in a single trim. It combines a 2.5 L Atkinson [...]
SEOUL, Aug. 22 (Korea Bizwire) – The hybrid and battery electric vehicle (EV) market in South Korea continues to expand rapidly. The domestic market for hybrid and battery electric cars (combined new acquisition prices) reached 6.12 trillion won (US$4.56 billion) and 2.27 trillion won, respectively, in the first half of this year, according to data [...]
SEOUL, Aug. 22 (Korea Bizwire) — With the relentless summer heat persisting, there has been a rapid surge in the number of people frequenting indoor shopping venues. During the period from Aug. 1 to 15, Hyundai Department Store observed a 13 percent increase in sales across its 16 stores nationwide compared to the previous year. [...]
SEOUL, Aug. 22 (Korea Bizwire) — Imported animal-origin foods, subject to import restrictions and often confiscated by customs, can now serve as livestock feed instead of being confiscated or sent back. The Ministry of Food and Drug Safety on Monday made an advance notice of legislative plan regarding the partial revision of the enforcement regulations [...]