SEOUL, Feb. 19 (Korea Bizwire) — The Seoul Research Institute of Public Health and Environment announced on February 18 that all 198 home baking utensils tested in a recent safety inspection passed heavy metal contamination standards. The investigation covered 14 categories of baking tools, including bread molds, cooking paper, and various baking molds commonly sold in [...]
SEOUL, Feb. 19 (Korea Bizwire) — Samsung SDI has completed the development of a breakthrough technology designed to prevent thermal propagation, a key cause of electric vehicle (EV) battery fires, and is now preparing for commercialization. According to Samsung SDI’s newsroom announcement on February 18, the company has finalized the commercialization review for its ‘No-Thermal Propagation’ [...]
SEOUL, Feb. 18 (Korea Bizwire) — Hyundai Motor Company announced on Tuesday the launch of the ‘2025 The New Mighty,’ an upgraded version of its mid-size commercial truck, featuring enhanced cargo capacity and additional convenience features. The latest model lineup has been refined with improved load performance and added convenience features across various trims. The 4-ton [...]
SEOUL, Feb. 18 (Korea Bizwire) — Hyundai Motor Company is strengthening its commitment to the sustainability of South Korea’s art ecosystem by supporting international exchange and collaboration among public art institutions. On February 18, Hyundai unveiled the ‘Hyundai Translocal Series,’ a new initiative designed to facilitate joint exhibitions and partnerships between domestic and international art institutions. [...]
SEOUL, Feb. 18 (Korea Bizwire) — Once a popular and low-barrier entry point for entrepreneurs, South Korea’s café industry is now facing an intense survival challenge due to market oversaturation, rising costs, and regulatory pressures. Despite the industry’s rapid expansion, data shows an alarming rate of closures. According to Statistics Korea, as of 2022, the number [...]
SEOUL, Feb. 18 (Korea Bizwire) — Seoul’s retail sector is entering a slowdown phase as economic stagnation and reduced consumer spending take hold, according to a recent market analysis. Cushman & Wakefield Korea released its Q4 2024 Retail Market Report on Monday, forecasting that persistent inflation, a strong U.S. dollar, and rising household debt burdens [...]
WASHINGTON, Feb. 17 (Korea Bizwire) — A senior South Korean trade official said Monday he will seek to have “mutual beneficial” discussions during his planned talks with U.S. officials in Washington, amid concerns over the potential impact of President Donald Trump’s tariff policy on the Asian country. Deputy Minister for Trade Park Jong-won made the [...]
SEOUL, Feb. 18 (Korea Bizwire) — Nearly half of South Korean restaurant owners have raised their menu prices to offset mounting delivery app commission fees, which they cite as their biggest business burden, according to a new survey released on February 14. The Consumer Network for Public Interest surveyed 502 restaurant owners and found that delivery [...]
JEJU, Feb. 18 (Korea Bizwire) — Tangerine greenhouse farmers on South Korea’s Jeju Island are increasingly turning to smartphone-controlled irrigation systems, marking a significant shift toward smart farming in the country’s prominent citrus-growing region. A consortium including the Namwon Agricultural Cooperative in Jeju, the Jeju ICT Cooperative, and smart farm developer Mamkkot Garden has been selected [...]
SEOUL, Feb. 18 (Korea Bizwire) — The management rights of Inspire Entertainment Resort, a major integrated resort on Yeongjong Island near Incheon, have been transferred from U.S.-based Mohegan to global private equity firm Bain Capital. Inspire announced on Monday that Bain Capital had exercised its acquisition rights, taking over the management of its parent company, [...]