SEOUL, Oct. 1 (Korea Bizwire) – In an innovative approach to environmental conservation, DL E&C, a major South Korean construction company, has introduced urban beekeeping at one of its construction sites, the company announced on September 30. This marks the first instance of a domestic construction firm establishing an urban apiary to promote biodiversity. The pilot [...]
SEOUL, Oct. 1 (Korea Bizwire) – Samsung Heavy Industries, a major South Korean shipbuilder, announced on September 30 that it will implement 3D digital production blueprints for all shipbuilding operations starting in October, marking a significant leap in the industry’s digital transformation. This move will eliminate the need for traditional production blueprints and inspection documents used [...]
SEOUL, Sept. 30 (Korea Bizwire) – South Korean consumers are grappling with a lack of transparency in food delivery pricing as major restaurant chains implement higher charges for delivery orders without clear disclosure. This practice, known as “dual pricing,” has sparked a debate about consumer rights and fair business practices in the country’s booming food delivery [...]
SEOUL, Sept. 30 (Korea Bizwire) — Hyundai Motor Co. on Monday reached a major milestone of 100 million units in global cumulative production, an achievement accomplished in 57 years since the company’s foundation, the automaker said. In celebration of the achievement, Hyundai Motor held a ceremony at its plant in Ulsan, some 300 kilometers southeast [...]
SEOUL, Sept. 30 (Korea Bizwire) — Prosecutors on Monday grilled an e-commerce tycoon believed to be at the center of the large-scale insolvency incidents involving online shopping platforms TIMON and WeMakePrice. Ku Young-bae, CEO of the Singapore-based Qoo10 Group, the parent company of TIMON and WeMakePrice, underwent questioning as a fraud and embezzlement suspect at [...]
SEOUL, Sept. 30 (Korea Bizwire) — Nongshim Co. said it will nearly double the sales of its Shin Ramyun instant noodles in Japan by 2026 as it further penetrates the local noodle market. Nongshim, South Korea’s leading instant noodle maker, aims to achieve 20 billion yen (US$140 million) in Shin Ramyun sales in 2026, up [...]
SEOUL, Sept. 30 (Korea Bizwire) – The Korea Fair Trade Commission has launched an investigation into Baedal Minjok, the country’s largest food delivery app, over allegations that it forced restaurants to offer it the most favorable pricing terms. Restaurant owners claim that Baedal Minjok, commonly known as Baemin, pressured them to keep prices on its platform [...]
SEOUL, Sept. 30 (Korea Bizwire) – In the pharmaceutical industry, glass bottles continue to play a significant role in packaging both over-the-counter and prescription medications, despite ongoing challenges with breakage and contamination risks. While glass containers are prized for their ability to preserve drug integrity, their fragility has prompted pharmaceutical companies to seek alternative solutions, including [...]
SEOUL, Sept. 27 (Korea Bizwire) – South Korea should realign its export structure by boosting the portion of the service sector while reducing dependence on the manufacturing segment amid digital transformation and the artificial intelligence era, a central bank report said Friday. The Bank of Korea (BOK) said the country’s manufacturing sector accounted for 27 [...]
SEOUL, Sept. 27 (Korea Bizwire) – The rise of e-commerce in South Korea has led to a steady decline in retail employment, with the number of sales workers decreasing for 60 consecutive months, according to recent government data. Statistics Korea reported on September 26 that the number of sales workers last month stood at 2.55 million, [...]