SEOUL, Oct. 13 (Korea Bizwire) — Nearly 70 percent of South Korean workers believe it is difficult for women to become corporate executives, reflecting persistent gender inequality in the country’s workplace culture, according to a new survey. The poll, conducted by labor rights group Workplace Gapjil 119 and research firm Global Research, surveyed 1,000 employees nationwide [...]
SEOUL, Oct. 12 (Korea Bizwire) — South Korea’s GM operations are feeling the brunt of a prolonged U.S. tariff reduction delay, as sales of its flagship export models — the Trax Crossover and Trailblazer — plunge sharply, rekindling concerns over the automaker’s future in the country. According to industry data released Saturday, GM Korea sold 23,723 [...]
SEOUL, Oct. 12 (Korea Bizwire) — Once a symbol of comfort and affordability, fried chicken has become an expensive indulgence for many South Koreans, as soaring prices trigger public frustration and social media backlash over what consumers are calling “chickenflation.” “I tremble when paying for chicken these days,” said Lee, a 27-year-old college student in Seoul. [...]
SEOUL, Oct. 12 (Korea Bizwire) – LG Electronics Inc. said Sunday that it has unveiled its new advanced material at a major plastics trade show in Germany. LG PuroTec, an antimicrobial glass powder, was showcased at K 2025, a plastics and rubber trade show, which kicked off in the western German city of Dusseldorf last [...]
SEOUL, Oct. 12 (Korea Bizwire) — A growing number of disputes over public access and shared resources are flaring up among apartment complexes in Seoul’s affluent Gangnam area, reflecting what some sociologists call an “urban tribalism” fueled by skyrocketing property values. In Gangdong District, residents of the 4,066-unit Godeok Arteon complex voted late last month to [...]
SEOUL, Oct. 10 (Korea Bizwire) — While much of the world races to unlock the economic and therapeutic potential of medical cannabis, South Korea remains mired in outdated regulations that treat even non-psychoactive compounds as narcotics. Lawmakers and experts warn that this rigid stance is stifling domestic innovation, draining public healthcare funds, and pushing patients [...]
SEOUL, Oct. 10 (Korea Bizwire) – Sales of imported vehicles in South Korea rose more than 30 percent in September from a year ago, driven by strong demand for Tesla and steady sales of hybrid and electric vehicles (EVs), industry data showed Friday. According to the Korea Automobile Importers & Distributors Association (KAIDA), the number [...]
SEOUL, Oct. 10 (Korea Bizwire) – Hyundai Motor Co. said Friday its autonomous hydrogen-powered truck, developed in partnership with the U.S.-based autonomous driving firm PlusAI, has been named by Time magazine as one of the best inventions of 2025. Hyundai’s Xcient Fuel Cell Class 8 heavy-duty truck, integrated with PlusAI’s Level 4 autonomous driving system, [...]
SEOUL, Oct. 10 (Korea Bizwire) – Celltrion Inc., a leading South Korean biopharmaceutical company, said Friday its biosimilar for eye diseases has received approval for sale in the United States. The U.S. Food and Drug Administration (FDA) has approved Eydenzelt, Celltrion’s biosimilar referencing Eylea, for the treatment of wet age-related macular degeneration and other ophthalmic [...]
SEOUL, Oct. 10 (Korea Bizwire) – Hanwha Aerospace Co., a leading South Korean defense firm, has awarded a US$71 million contract to Electro Optic Systems (EOS) Ltd. of Australia to supply remote weapons system (RWS) units for Canberra’s next generation infantry fighting vehicle (IFV) program. Under the agreement with Hanwha Defence Australia, a subsidiary of [...]