SEJONG, Dec. 23 (Korea Bizwire) — The government is set to swiftly deploy additional market stabilization measures, including the injection of the second phase of value-up funds worth 300 billion won (US$207 million) into the country’s stock market, Finance Minister Choi Sang-mok said Monday. Choi made the remarks during an emergency meeting with top economic and financial [...]
TOKYO/SEOUL, Dec. 23 (Korea Bizwire) – Fourteen years after the Fukushima Daiichi nuclear disaster, radioactive contamination remains a serious issue for wild mushrooms harvested in eastern Japan, according to a report by Tokyo Shimbun on December 22. A recent investigation by a local citizens’ group revealed that 28% of 100 wild mushroom samples sourced from [...]
SEOUL, Dec. 23 (Korea Bizwire) – A record number of vehicles have been recalled in South Korea this year due to manufacturing defects, according to data released by the Korea Transportation Safety Authority’s Auto Recall Center on December 22. The center reported that 5,142,988 vehicles across 1,684 models underwent recalls in 2024, tripling last year’s figure [...]
SEOUL, Dec. 22 (Korea Bizwire) – The Kia Carnival has set a new annual sales record in its 26-year history, thanks to surging demand for its hybrid model. Kia announced on December 22 that the Carnival’s global sales from January to November reached 157,336 units, surpassing the previous high of 155,433 units set in 2002. With [...]
SEOUL, Dec. 22 (Korea Bizwire) – Kia has globally debuted its compact SUV, Syros, in India, marking a significant step in its strategy to expand its presence in emerging markets, the company announced on December 22. Named after the Greek island of Syros, the vehicle aims to embody a blend of tradition and modernity. Sales of [...]
CHUNCHEON, Dec. 21 (Korea Bizwire) – Chuncheon City has been honored as an outstanding municipality for its success in dramatically increasing local business revenue through the private-public delivery app “Ttaenggyeoyo.” At an awards ceremony hosted by Shinhan Bank and Ttaenggyeoyo on December 20 in Seoul, Chuncheon was among five regional governments, including Gwangju and Jeonnam, to [...]
SEOUL, Dec. 20 (Korea Bizwire) – South Korea’s potential growth rate is projected to fall below 2% next year, signaling challenges for the nation’s long-term economic sustainability, according to a report released by the Bank of Korea (BOK) on December 19. Without structural reforms in labor markets, birthrate improvement, and increased workforce participation by women and [...]
SEOUL, Dec. 20 (Korea Bizwire) – As South Korea braces for its coldest winter yet, electric vehicle (EV) owners are expressing growing frustration over significant drops in driving range during frigid weather. Online forums have been buzzing with complaints, with many surprised by how much their EV range decreases compared to summer. Questions about efficient [...]
SEOUL, Dec. 20 (Korea Bizwire) – Amid growing concerns over domestic consumption following the December 3 martial law crisis, small business owners and self-employed workers are reporting devastating impacts on what should be their peak season for sales. A post titled “December Sales Have Gone Crazy Due to National Crisis” appeared on December 18 in an [...]
SEOUL, Dec. 20 (Korea Bizwire) — The average commuting time for South Korean workers is over 70 minutes per day, but those in the wider Seoul area need to spend nearly 10 more minutes each day to commute, the statistics agency said Friday. The national average commuting time came to 73.9 minutes in 2024, while [...]