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S. Korea to Create ‘Negative Zones’ to Allow Service Sector Businesses in Industrial Complexes

S. Korea to Create ‘Negative Zones’ to Allow Service Sector Businesses in Industrial Complexes

SEOUL, Apr. 19 (Korea Bizwire) — The South Korean government plans to introduce ‘Negative Zones’ that lift restrictions on the types of businesses that can operate in an industrial complex. The new initiative, for instance, will allow industrial complexes that used to accept only one kind of business, such as manufacturing companies, to open up [...]

K-pop Sales on eBay Jump by 50 pct Thanks to BTS

K-pop Sales on eBay Jump by 50 pct Thanks to BTS

SEOUL, Apr. 19 (Korea Bizwire) – South Korean boy band sensation BTS’s new album, “Map of the Soul: Persona,” is sweeping across music charts in the United States, the United Kingdom, and Japan. The BTS fever is also hot on eBay, where K-pop related goods have recently seen a surge in popularity eBay Korea announced [...]

Sales of Choco Pies in Vietnam Surpass Domestic Sales for the First Time

Sales of Choco Pies in Vietnam Surpass Domestic Sales for the First Time

SEOUL, Apr. 19 (Korea Bizwire) — For the first time ever, Orion Corp. sold more of its signature Choco Pies in Vietnam than in South Korea last year. The South Korean confectionery firm reported on Thursday that sales of Choco Pies in Vietnam rose 15 percent on-year to 92 billion won (US$80.95 million) last year, [...]

480,000 CJ Logistics Boxes Delivered by the Developmentally Disabled

480,000 CJ Logistics Boxes Delivered by the Developmentally Disabled

SEOUL, Apr. 19 (Korea Bizwire) — CJ Logistics Corp. announced on Thursday that the amount of deliveries it has made has surpassed 480,000 boxes through the development-impaired delivery business, one of the company’s CSV (Creating Shared Value) business models based on the logistics industry. When the logistics unit of South Korean food and entertainment conglomerate [...]

Taihan Electric Wire Announces New ‘Light Line’ for Underground Fires

Taihan Electric Wire Announces New ‘Light Line’ for Underground Fires

SEOUL, Apr. 19 (Korea Bizwire) — Taihan Electric Wire Co., a South Korean electric wire manufacturer, announced on Thursday that it will launch an “RF Light Line” that secures escape routes for firefighters and provides a stable communication environment. Taihan’s Light Line is a type of light-emitting cable that is mandatory fire-fighting equipment and can [...]

Hyundai Motor Suffers Extended Slump in China, Production Halt in Offing

Hyundai Motor Suffers Extended Slump in China, Production Halt in Offing

SEOUL, Apr. 19 (Korea Bizwire) — Hyundai Motor Group’s first-quarter sales in China fell for the fifth year in a row, reeling from the aftermath of a diplomatic row and increasingly competitive alternatives from Chinese automakers, company data showed Friday. In the January-March quarter, Hyundai Motor Co. and its affiliate Kia Motors Corp. sold a [...]

S. Korea to Cut Dependency on Fossil Fuel, Shift to Renewable Energy

S. Korea to Cut Dependency on Fossil Fuel, Shift to Renewable Energy

SEOUL, Apr. 19 (Korea Bizwire) — South Korea’s industry ministry said Friday it will significantly cut the country’s dependency on conventional energy sources, such as coal, and move toward environment-friendly resources for sustainable growth. During the public hearing for a draft of the country’s energy master plan, the Ministry of Trade, Industry, and Energy said [...]

Online Retailers Introduce Eco-friendly Delivery Services

Online Retailers Introduce Eco-friendly Delivery Services

SEOUL, Apr. 18 (Korea Bizwire) — Online retailers in South Korea are scrambling to offer eco-friendly delivery services as environmental awareness is spreading among local consumers. Hello Nature, a South Korean online food market, announced on Wednesday that it will replace all delivery materials with boxes made of recyclable woven polyethylene and ice packs made [...]

Chemical Firms Suspected of Manipulating Fine Dust Emission Data

Chemical Firms Suspected of Manipulating Fine Dust Emission Data

SEOUL, Apr. 17 (Korea Bizwire) — Chemical companies are alleged to have colluded with air pollutant measurement firms to manipulate data on emissions of fine dust, the environment ministry said Wednesday. A total of 235 chemical factories located in the Yeosu industrial complex were found to have plotted with four measurement agencies in rigging data [...]