SEOUL, Nov. 7 (Korea Bizwire) — McDonald’s Korea, the local unit of fast-food giant McDonald’s Corp., will reintroduce tomatoes to its burgers from next week after temporarily removing them due to a shortage caused by recent weather conditions. The company had suspended the use of tomatoes in some of its hamburgers on Oct. 15, citing [...]
SEJONG, Nov. 7 (Korea Bizwire) – The Seoul Main Customs Office announced on November 6 that it had caught 13 dentists who smuggled 11,349 pieces of unauthorized dental equipment (worth approximately 140 million won) into South Korea and used them on patients. The dentists are accused of making 1,184 separate purchases of dental equipment through AliExpress [...]
SEOUL, Nov. 7 (Korea Bizwire) – The South Korean government is set to lower barriers for foreign investment in the Saemangeum reclamation project, one of the country’s largest infrastructure developments, according to a joint announcement on November 6 by the Ministry of Land, Infrastructure and Transport and the Saemangeum Development and Investment Agency. Under current regulations, [...]
SEOUL, Nov. 7 (Korea Bizwire) – South Korea’s beer industry is witnessing a significant shift in packaging as major breweries embrace clear bottles, marking a departure from traditional colored glass containers. The trend began in 2021 when Oriental Brewery (OB) introduced the country’s first domestically produced beer in clear bottles with its Cass Fresh brand. The [...]
LOS ANGELES, Nov. 7 (Korea Bizwire) – Kia Motors showcased two new concept vehicles designed for outdoor enthusiasts at SEMA 2024, the world’s largest automotive customization show, held at the Las Vegas Convention Center on November 5. The two vehicles – the EV9 ADVNTR (Adventure) and PV5 WKNDR (Weekender) – were developed by Kia’s U.S. Design [...]
SEOUL, Nov. 6 (Korea Bizwire) – The Seoul Metropolitan Government announced on November 5 that it will become the first city in South Korea to designate “scooter-free zones” on streets with high accident risks, marking a significant shift in urban mobility management. The city will also begin immediate towing of illegally parked e-scooters, with municipal officials, [...]
SEOUL, Nov. 6 (Korea Bizwire) – The Washington Post reported on November 3 that sodium-ion batteries are gaining attention as a potential challenger to lithium-ion batteries, which have dominated the rechargeable battery market for decades, offering a cheaper and more environmentally friendly alternative. Also known as sodium batteries, these devices operate on principles similar to lithium-ion [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s industry ministry launched a conference on Wednesday, highlighting the government’s efforts to attract foreign direct investment (FDI) by creating a favorable business environment. The annual Invest Korea Summit kicked off in Seoul for a three-day run, drawing over 2,000 participants from global companies and governments, according to [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s industry ministry said Wednesday it has launched a project to develop homegrown space rovers amid the growing global competition for lunar exploration. The government has reached an agreement with 13 institutions and companies, including Hyundai Motor Co., to develop around 10 key rover components with a combined [...]
SEOUL, Nov. 6 (Korea Bizwire) — South Korea’s central bank said Wednesday it will test the feasibility of a digital voucher based on a tokenized deposit as part of its trial to introduce a wholesale central bank digital currency (CBDC). Along with the Financial Services Commission, the Ministry of Science and ICT, and the Bank [...]