SEOUL, Nov. 4 (Korea Bizwire) — Kia Corp., South Korea’s second-largest automaker, said Monday it has released a revamped version of its K5 midsize sedan with an improved value proposition and a suite of feature upgrades. The latest K5 features expanded safety and convenience options across its trims, with Kia adding a new entry-level trim [...]
SEOUL, Nov. 4 (Korea Bizwire) – In a significant nod to the growing global popularity of Korean instant noodles, Indonesia’s leading noodle manufacturer has unveiled a new Korean Ramyeon product line featuring K-pop sensation NewJeans, as international companies increasingly capitalize on the K-food phenomenon. Indomie, a subsidiary of Indonesian food giant Indofood and one of the [...]
SEOUL, Nov. 4 (Korea Bizwire) — Top industry officials of South Korea and Qatar agreed Monday to maintain strong cooperation on energy supplies amid geopolitical tensions and expand their ties into a wide range of energy and shipbuilding sectors, Seoul’s industry ministry said. South Korea’s Industry Minister Ahn Duk-geun and Qatar’s Minister of State for [...]
JEJU, Nov. 3 (Korea Bizwire) – A new variety of gold kiwifruit from Jeju Island, uniquely shaped like a heart, is making its way to consumers’ tables, the Jeju Agricultural Research and Extension Services announced on November 2. Named ‘Heart Gold,’ this new brand represents a new cultivar called ‘Gamhwang,’ a hybrid of Hongshim and Okcheon [...]
SEOUL, Nov. 3 (Korea Bizwire) – South Korea’s household credit increased at a faster rate in October due to rising loans from savings banks and credit unions despite the government’s efforts to curb household debts, financial data showed Sunday. Outstanding household credit extended by all financial institutions, including commercial banks, savings banks, and insurance [...]
SEOUL, Nov. 2 (Korea Bizwire) – A South Korean government research institute has warned that if Donald Trump returns to the presidency and implements his proposed tariff policies, South Korea could see its exports decline by as much as $44.8 billion (61.7 trillion won). According to a report released on October 31 by the Korea Institute [...]
SEOUL, Nov. 2 (Korea Bizwire) – A new study warns that the proliferation of cashless businesses could disproportionately impact older consumers who rely heavily on cash and have lower digital literacy, according to research released October 31 by the Bank of Korea. The study, conducted by Lee Kyungtae of the Bank of Korea’s Financial and Monetary [...]
SEOUL, Nov. 1 (Korea Bizwire) – The Hyundai Sonata, a midsize sedan that once dominated South Korea’s automotive landscape, is showing strong signs of revival with a significant surge in sales this year, potentially reclaiming its status as the nation’s signature car. According to data released by the Korea Automobile Mobility Industry Association (KAMA) and Hyundai [...]
SEOUL, Nov. 1 (Korea Bizwire) — The merged entity of South Korean refiner SK Innovation Co. and its affiliate SK E&S Co. officially set sail Friday, becoming the largest private energy company in the Asia-Pacific region, the company said. The integrated company, named SK Innovation Co., has combined assets of 105 trillion won (US$76 billion) [...]
JEJU, Nov. 1 (Korea Bizwire) – Jeju Island, South Korea’s popular tourist destination, is advancing an ambitious plan to transform food waste into hydrogen fuel, marking a significant step in the nation’s renewable energy initiatives. The Ministry of Environment is in discussions with Jeju provincial authorities to designate the island as the primary candidate for a [...]