BRISBANE, Aug. 8 (Korea Bizwire) – On a brisk Monday morning at Brisbane’s Riverside terminal, a sleek CityCat ferry glides into the dock. As the vessel secures to the pier, office workers in suits disembark with the efficiency of a well-rehearsed routine. The scene reflects a transportation model that has become both a practical commuter service [...]
JEONJU, Aug. 8 (Korea Bizwire) — Goat meat is emerging as a popular summer health food in South Korea, with demand surging during the traditional “boknal” season—hot summer days when Koreans consume energy-boosting dishes to combat fatigue, the Rural Development Administration (RDA) said Thursday. According to statistics from the Animal and Plant Quarantine Agency, approximately [...]
SEOUL, Aug. 8 (Korea Bizwire) — A growing number of young South Korean professionals say they are willing to change jobs solely for a salary increase, underscoring rising dissatisfaction with pay across age groups. According to a new survey released Thursday by job portal JobKorea, 43.1% of workers in their 20s said they would switch [...]
SEOUL, Aug. 7 (Korea Bizwire) — U.S.-made vehicles are gaining unprecedented traction in South Korea’s import car market, fueled largely by the surging popularity of Tesla and the easing of non-tariff trade barriers under recent Korea-U.S. trade negotiations. According to auto data firm CarIsYou Data Research Institute, 7,362 U.S.-made passenger vehicles were sold in South [...]
SEOUL, Aug. 7 (Korea Bizwire) — Hyundai Motor Company and General Motors announced plans on Thursday to jointly develop five new vehicles as part of a sweeping strategic alliance aimed at expanding their presence across the Americas. The lineup is expected to roll out by 2028. The partnership, first outlined in a memorandum of understanding signed [...]
SEOUL, Aug. 7 (Korea Bizwire) — Samsung SDI Co. said Thursday an electric vehicle (EV) equipped with its batteries has set a world record for the longest distance driven on a single charge. The Lucid Air Grand Touring, an EV produced by U.S. automotive company Lucid Group Inc., traveled 1,205 kilometers from Switzerland to Germany, [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s Ministry of Environment on Wednesday unveiled new regulatory exemptions aimed at promoting the recycling of lithium iron phosphate (LFP) batteries and electronic waste, as part of a broader push to support emerging green technologies. Under the country’s regulatory sandbox framework, which allows temporary exemptions from existing laws [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korean shipbuilding conglomerate HD Hyundai Co. said Thursday it has signed an agreement with U.S. defense technology company Anduril Industries Inc. to expand cooperation in the naval defense sector, particularly in the development of unmanned surface vessels (USVs). The two companies signed a memorandum of agreement (MOA) on [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea recorded its largest-ever current account surplus in June, driven by rising exports of semiconductors and other key items, central bank data showed Thursday. The country’s current account surplus reached US$14.27 billion in June, up from $10.14 billion the previous month, according to the data compiled by the [...]
SEOUL, Aug. 7 (Korea Bizwire) — BGF Retail, operator of South Korea’s CU convenience stores, announced on Thursday a new accessibility initiative designed to assist visually impaired customers with in-store shopping. In partnership with social venture Tuat, the company has integrated a CU-specific mode into the Android version of Sullivan Plus, an AI-powered visual assistance app [...]