SEOUL, April 17, (Korea Bizwire) — As climate change shortens South Korea’s transitional seasons and extends the summer, retail sectors are seeing shifting consumer behaviors and divergent business fortunes. While spring fashion sales slump amid erratic weather and weak consumer sentiment, electronics retailers are benefiting from an early surge in demand for summer appliances. According [...]
SEOUL, April 16 (Korea Bizwire) – Acting President Han Duck-soo said Wednesday that strengthening shipbuilding cooperation with the United States could provide an opportunity for the South Korean shipbuilding industry to “make a leap forward.” Han made the remark during his visit to HD Hyundai Heavy Industries (HHI) Co.’s shipyard in Ulsan, 305 kilometers southeast [...]
SEOUL, April 15, (Korea Bizwire) — South Korea’s TV home shopping industry continues to face mounting financial strain as broadcasting fees soared to consume more than 70 percent of television sales revenue in 2024, despite a modest rise in overall sales. According to a report released Monday by the Korea TV Home Shopping Association, the [...]
SEOUL, April 14 (Korea Bizwire) — Dongwon Group, a major food company in South Korea, said Monday it will reorganize its food business affiliates to expand its overseas sales as part of its broader strategy to become a global player. At board meetings, the boards of directors approved a plan to make Dongwon F&B Co. [...]
SEOUL, April 11 (Korea Bizwire) — IKEA Korea, the South Korean operations of Swedish furniture giant IKEA, said Friday it will strengthen the “omnichannel” strategy to boost sales. IKEA Korea currently operates four outlets — three near the capital of Seoul and one in the southeastern port city of Busan. The fifth one is set [...]
SEOUL, April 10 (Korea Bizwire) — Hyundai Engineering & Construction announced Thursday the launch of South Korea’s first in-apartment meditation booths designed exclusively for individual use, a move aimed at enhancing mental wellness and emotional stability among residents. Branded as the H Calming Booth, the new feature will debut at Hillstate Homeasil, a Hyundai apartment [...]
SEOUL, April 6 (Korea Bizwire) — National certification exams in forest and plant protection are seeing a steady rise in popularity, fueled largely by a surge in applicants in their 50s and 60s preparing for post-retirement careers. According to data released by the Human Resources Development Service of Korea (HRDK), older adults are not only driving [...]
DAEJEON, April 3 (Korea Bizwire) — More than 10 percent of the world’s farmland could disappear if global temperatures rise by 1.5 degrees Celsius, according to a new study by South Korean and Chinese researchers, raising urgent concerns about future food security under current climate goals. The joint research, led by Professor Hae-Won Jeon of [...]
WASHINGTON, March 31 1(Korea Bizwire) — The U.S. Trade Representative (USTR) on Monday released an annual report on foreign trade barriers that listed South Korea’s “offset” defense trade policy, emission-related regulations on imported cars and pricing policies for pharmaceuticals to name a few. The Office of the USTR issued the 2025 National Trade Estimate Report [...]
SEOUL, March 31 (Korea Bizwire) — South Korea’s quick commerce (or “Q-commerce”) market—defined by delivery times under an hour—is rapidly expanding as major players including Emart, Naver, and Daiso aggressively enter the fray, intensifying competition in the nation’s retail and e-commerce sectors. Emart, the country’s largest hypermarket chain, has quietly rejoined the Q-commerce arena after [...]