SEOUL, Oct. 4 (Korea Bizwire) — BMW Korea Co.’s driving center has attracted over 1.5 million visitors since opening a decade ago, amid the company’s continued efforts to offer unique driving experiences despite it recording annual losses, according to company officials Friday. According to BMW Korea, the company has invested 90 billion won (US$67.5 million) [...]
SEOUL, Oct. 4 (Korea Bizwire) – Coupang, the South Korean e-commerce giant, has seen an increase in its user base despite raising its membership fees. This development challenges predictions of a mass exodus from the platform and underscores the company’s strong market position in a fiercely competitive landscape. According to data from WiseApp, Coupang’s monthly active [...]
SEOUL, Oct. 4 (Korea Bizwire) – In a move to reduce plastic waste, South Korea is set to introduce its first domestically produced lightweight water bottles, bringing a familiar sight from overseas travel to local store shelves. The Ministry of Environment announced on October 3 that Lotte Chilsung Beverage will launch its ICIS N bottled water [...]
SEOUL, Oct. 3 (Korea Bizwire) — The transport ministry said Thursday it has imposed fines on Saudia Airlines, Qatar Airways and eight other domestic and foreign airlines for violating South Korea’s aviation law. Saudia Airlines was slapped with a fine of 100 million won (US$75,500) for suspending its flights linking Incheon and Riyadh without permission [...]
SEOUL, Oct. 3 (Korea Bizwire) — South Korea’s exports of agricultural products reached a record high during the first nine months of 2024, led by strong demand for instant noodles, snacks and beverage products, data showed Thursday. Outbound shipments of agricultural goods rose 8.3 percent on-year to come to US$7.38 billion in the January-September period, [...]
SEOUL, Oct. 3 (Korea Bizwire) – Mercedes-Benz Korea announced on October 2 the launch of its updated off-road vehicle, the New G450d, a refreshed version of the iconic G-Class SUV. The new model maintains the G-Class’s signature boxy exterior and analog charm while significantly improving driving performance and convenience features. A key upgrade in the G450d [...]
GANGJIN, Oct. 3 (Korea Bizwire) – In Gangjin County, South Korea, a novel approach to rice cultivation is gaining attention: rice grown to the accompaniment of music. This unique method, known as “Green Music Farming,” is producing organic rice that’s literally raised on a diet of sound. The farm plays a mix of Western classical compositions, [...]
SEOUL, Oct. 3 (Korea Bizwire) – Genesis, the luxury vehicle division of Hyundai Motor Group, revealed Black Editions of its premium large SUVs, the Genesis GV80 and GV80 Coupe, on October 2. The GV80 Black is the brand’s second all-black model following the G90 Black. Genesis states that these new editions maximize luxury by applying black [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s consumer prices slowed to the lowest level in 3 1/2 years in September, falling below 2 percent for the first time since early 2021, data showed Wednesday. Consumer prices, a key gauge of inflation, rose 1.6 percent on-year last month, compared with a 2 percent increase a [...]
SEOUL, Oct. 2 (Korea Bizwire) – In a bold move towards personalized healthcare, the South Korean government has embarked on a large-scale initiative to build a national biodata bank, aiming to usher in an era of precision medicine. The project, launched in April, seeks to collect and integrate genetic information, clinical data, and lifestyle habits from [...]