SEOUL, Nov. 10 (Korea Bizwire) — South Korea’s aging population is transforming the country’s food service industry, with leading catering companies pivoting toward senior housing and care facilities as a new growth market. According to industry officials, with the number of people aged 65 and older surpassing 10 million for the first time last year, [...]
SEOUL, Nov. 7 (Korea Bizwire) – Government officials discussed Friday ways to supply public housing in the greater Seoul area through the use of idle state-owned land in order to meet the growing need for new homes in the capital region, according to the finance ministry. The meeting, attended by officials from relevant ministries and [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korea’s food safety regulator plans to introduce stricter labeling standards for decaffeinated coffee following growing concerns that many products marketed as “decaf” still contain significant amounts of caffeine. The Ministry of Food and Drug Safety (MFDS) announced Thursday that it will revise national labeling rules to allow coffee [...]
SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. showcased the latest advances in smart factory technology at their annual “E-Forest Tech Day 2025,” held this week at production facilities in Hwaseong and Ulsan, the companies said Thursday. Now in its sixth year, the event featured 177 innovations across four themes: automation, manufacturing [...]
SEOUL, Nov. 6 (Korea Bizwire) — A South Korean court on Thursday handed a suspended prison sentence to the former head of Volkswagen’s Korean unit, nearly nine years after he was indicted for his role in the automaker’s emissions-rigging scandal. The Seoul Central District Court sentenced Johannes Thammer, former managing director of Audi Volkswagen Korea [...]
SEJONG, Nov. 6 (Korea Bizwire) — South Korea’s agriculture minister said Wednesday that restaurant companies should be required to inform customers when they reduce product sizes, as public anger grows over so-called “shrinkflation” — the practice of cutting portions while keeping prices the same. “It is a matter of consumers’ right to know,” Agriculture Minister Song [...]
SEOUL, Nov. 6 (Korea Bizwire) — Nearly half of running jackets tested in South Korea lost their water-repellent performance after several washes, a government consumer watchdog said Wednesday. The Korea Consumer Agency tested eight popular running jacket brands and found that four of them showed weakened water repellency after five washes. The test rated water repellency [...]
SEOUL, Nov. 5 (Korea Bizwire) — Coupang reported record-high sales for the third quarter of 2025, buoyed by increased customer spending on its Rocket Delivery service and rapid growth in new ventures such as its Taiwan operations and Coupang Eats. Yet analysts warn that the company’s profitability remains stagnant, with operating margins stuck in the [...]
DAEJEON, Nov. 5 (Korea Bizwire) — South Korean scientists have developed a new organic solid electrolyte film that could accelerate the commercialization of lithium metal batteries, offering a major advance in safety and energy efficiency, researchers said Tuesday. A research team led by Professor Byun Hye-ryung at the Korea Advanced Institute of Science and Technology (KAIST), [...]
SEOUL, Nov. 4 (Korea Bizwire) — Seoul’s experiment with “no-scooter zones” has drawn strong public support, with a majority of residents reporting safer and more comfortable pedestrian environments, city officials said Monday. The pilot program, the first of its kind in South Korea, was launched in May along two busy stretches: the 1.3-kilometer Red Road [...]