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 10 (Korea Bizwire) — South Korean exporters are bracing for economic turbulence as the United States imposes sweeping reciprocal tariffs, effective April 9. The new trade measures levy a 25% tariff on South Korean exports—casting a shadow over high-performing sectors like K-food, K-beauty, and fashion that have found strong demand in the U.S. market. [...]
SEOUL, April 10 (Korea Bizwire) — Volvo Car Korea, Mercedes-Benz Korea, Man Truck & Bus Korea and two other foreign car brands will voluntarily recall over 117,000 vehicles due to manufacturing defects, the transport ministry said Thursday. The five companies, including Jaguar Land Rover Korea and Nissan Korea, are recalling a combined 117,925 units across [...]
SEOUL, April 10 (Korea Bizwire) — Genesis, the independent luxury auto brand of Hyundai Motor Group, said Thursday it will offer the Bloomberg app and its proprietary Genesis Music service free of charge for vehicles equipped with its next-generation infotainment system. The Bloomberg app will be available across all supported Genesis models, while Genesis Music [...]
SEOUL, April 10 (Korea Bizwire) — Hyundai Mobis Co., the auto parts unit of Hyundai Motor Group, held an annual mobility tech show in the United States this week, highlighting its vision and investment strategy for the North American market. The company’s fourth Mobis Mobility Day event was held in Detroit on Wednesday (U.S. time), [...]
JEJU, South Korea, April 9 (Korea Bizwire) — Jeju Special Self-Governing Province has become the first region in South Korea to commercialize products made from repurposed electric vehicle (EV) batteries, marking a significant step toward a circular energy economy. In partnership with the Ministry of Environment and Jeju Technopark (Jeju TP), the province officially launched a [...]
SEOUL, April 9 (Korea Bizwire) — South Korean banks will offer English mobile applications and documents this year to help foreign residents get better access to banking services and reduce their inconvenience, the financial watchdog said Wednesday. According to the Financial Supervisory Service (FSS), the number of foreign customers at local banks stood at 8.13 [...]
SEOUL, April 9 (Korea Bizwire) — In a landmark transformation fusing history, architecture, and high fashion, Shinsegae Department Store has unveiled The Heritage, a luxury boutique complex housed in the meticulously restored former head office of Korea’s First Bank in central Seoul’s Myeong-dong district. The neoclassical building, originally constructed in 1935 and designated as Seoul City [...]
SEOUL, April 9 (Korea Bizwire) — Global demand for electric vehicle (EV) batteries rose sharply in the first two months of 2025, driven largely by the continued expansion of China’s battery giants, even as the broader EV market faces a temporary slowdown, often referred to as the “EV chasm.” South Korea’s major battery manufacturers, however, [...]
SEOUL, April 9 (Korea Bizwire) — South Korea has initiated a new research project aimed at developing magnetic levitation propulsion technology for an envisioned next-generation high-speed train system called the Hypertube, the government said Wednesday. The Ministry of Land, Infrastructure and Transport, in partnership with the Korea Railroad Research Institute, is spearheading the project. The [...]