SEOUL, May 19 (Korea Bizwire) — South Korea’s leading food delivery app Baemin is teaming up with local streaming platform Tving to offer a bundled subscription service, in a move seen as a strategic response to growing competition from Coupang Eats, which operates its own streaming platform, Coupang Play. Woowa Brothers, the operator of Baemin, [...]
TIEN GIANG, Vietnam, May 19 — SK Innovation E&S is rapidly expanding its footprint in the global renewable energy sector, with its Tan Phu Dong (TPD) offshore wind farm in southern Vietnam now fully operational and serving as a strategic base for the company’s green energy ambitions. Located near the Mekong Delta, the 150-megawatt facility is [...]
SEOUL, May 19 (Korea Bizwire) — Facing changing demographics and a slowdown in core businesses like duty-free retail, South Korea’s leading hotel chains are pivoting toward the senior living sector, identifying it as a promising new growth engine in an aging society. According to industry sources, hotel companies such as Lotte Hotel & Resort, Hotel Shilla, [...]
SEOUL, May 19 (Korea Bizwire) — A wave of sophisticated scams targeting small business owners is spreading across South Korea, with perpetrators posing as celebrity managers, politicians, and government officials to orchestrate large-scale “no-show” fraud schemes. According to police reports, these scammers typically place phone calls posing as aides to well-known public figures—such as K-pop stars, [...]
SEOUL, May 18 (Korea Bizwire) — Kia’s flagship electric SUV, the EV9, continues to earn top marks in global automotive comparisons, outscoring luxury competitors such as Volvo, Mercedes-Benz, and Audi in recent performance and value assessments by leading German automotive publications. German automotive magazine Auto Bild recently conducted a head-to-head evaluation of the Kia EV9 GT-Line [...]
JEJU, May 18 (Korea Bizwire) — Russia has emerged once again as the largest importer of Jeju-grown tangerines, accounting for more than half of South Korea’s total citrus exports last year, despite the ongoing war in Ukraine. According to data released by the Korea Citrus Export Union, 1,775 tons of tangerines—representing 53% of all Jeju citrus [...]
SEOUL, May 17, 2025 (Korea Bizwire) — Despite the growing presence of Chinese e-commerce giants like AliExpress and Temu, a majority of South Korean consumers still prefer domestic online platforms for their perceived reliability and product quality—even at higher prices, a government report revealed Friday. According to a report published by the Korea Information Society Development [...]
INCHEON, May 17 (Korea Bizwire) — South Korea has begun construction on a state-funded facility dedicated to advancing animal-free toxicity testing methods, a move that signals the country’s commitment to ethical science, chemical safety, and animal welfare. The Ministry of Environment held a groundbreaking ceremony Thursday at the Korea Environment Corporation headquarters in Seo-gu, Incheon, to [...]
DUBAI, United Arab Emirates, May 16, 2025 (Korea Bizwire) — With EBACE 2025 just days away, Falcon, part of Alex Group Investment, is getting ready to welcome visitors at its booth during Europe’s leading business aviation event, taking place from May 20 to 22 at Palexpo, Geneva, Switzerland. This will be Falcon’s first time exhibiting [...]
SEOUL, May 16 (Korea Bizwire) – The chief executive officers (CEOs) of HD Hyundai and Hanwha Ocean Co., South Korea’s major shipbuilders, met with U.S. Trade Representative (USTR) Jamieson Greer to explore cooperation in the shipbuilding sector, the companies said Friday. HD Hyundai CEO Chung Ki-sun and Hanwha Ocean CEO Kim Hee-cheul had separate meetings [...]