SEOUL, Nov. 9 (Korea Bizwire) – On Thursday, Shinsegae Department Store illuminated Christmas decorations at its locations nationwide, including the dazzling media facade of its headquarters. This year, the decorations at the headquarters have been elevated to new heights, surpassing the magnificence of previous years. The exterior media facade of the main store now boasts [...]
SEJONG, Nov. 9 (Korea Bizwire) — Tripitaka Koreana, the most complete collection of Buddhist scriptures carved on around 80,000 wooden printing blocks made in the 13th century, has been preserved at a depository named Janggyeong Panjeon at Haein Temple in the southeastern county of Hapcheon in South Korea. The storage hall, solely designed and built [...]
SEOUL, Nov. 9 (Korea Bizwire) — Hitejinro Co., South Korea’s leading beverage company, has raised its soju and beer product prices by about 7 percent to reflect higher raw material and manufacturing costs. Hitejinro raised Chamisul soju prices by 6.95 percent and Hite, Terra and Kelly beer prices by 6.8 percent Thursday due to sharply [...]
SEOUL, Nov. 9 (Korea Bizwire) – On Wednesday, HD Hyundai Infracore announced the release of South Korea’s first 130-ton excavator designed for demolition, bearing the model name DX1000LC-7 Demolition. The company also recently delivered the inaugural unit. Compared to existing models, the DX1000LC-7 Demolition has seen its working range grow by 10 meters, enabling work at [...]
SEOUL, Nov. 8 (Korea Bizwire) – The Ministry of Oceans and Fisheries announced a ban on the installation of new buoys made from Styrofoam (expanded polystyrene) at all aquaculture fishing grounds, starting from November 13. Styrofoam buoys have been recognized as a significant contributor to the issue of marine microplastics. The restriction on new Styrofoam [...]
SEOUL, Nov. 8 (Korea Bizwire) – E-Mart 24, well-known for its innovative offerings like imported cars, karaoke boxes, screen golf facilities, and electric vehicles, is now venturing into a new market by introducing prefabricated houses. Convenience store chain E-Mart 24 unveiled on Wednesday a groundbreaking partnership with YMK General Construction, a leading general contractor, to [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korea regained the top spot in new global shipbuilding orders for the first time in three months in October, industry data showed Tuesday. Local shipyards clinched orders totaling 1.54 million compensated gross tons (CGTs) to build 18 ships, accounting for 62 percent of the global total of 2.49 [...]
SEOUL, Nov. 6 (Korea Bizwire) — LG Electronics Co., South Korea’s No. 2 home appliance maker, said Monday it has partnered with universities in the U.S. state of Alaska to develop high-performance heating, ventilation and air conditioning (HVAC) products that operate efficiently in extreme cold conditions. The company said it has formed a consortium with [...]
SEOUL, Nov. 6 (Korea Bizwire) – South Korea’s major department stores are turning their attention to the “vintage” trend to attract the MZ generation, those born between the early 1980s and early 2000s, who are emerging as their primary consumer base. Recognizing that the MZ generation is sensitive to value consumption and familiar with secondhand transactions, [...]
SEOUL, Nov. 6 (Korea Bizwire) – Expectations for the arrival of the ‘time of semiconductors’ are rising both within and outside the semiconductor industry due to the increasing demand for High-Bandwidth Memory (HBM) in tandem with the expansion of the artificial intelligence (AI) market. Samsung Electronics and SK Hynix are actively working on securing leadership in [...]