SEOUL, Aug. 30 (Korea Bizwire) – In response to slowing electric vehicle (EV) adoption, Hyundai Motor has unveiled a new strategy centered on hybrid vehicles (HEVs) and extended-range electric vehicles (EREVs) to navigate the current market challenges. The South Korean automaker presented its updated mid-to-long-term strategy, dubbed Hyundai Way, during its 2024 CEO Investor Day on [...]
JEJU, Aug. 29 (Korea Bizwire) – A recent survey has revealed that interest in traveling to Jeju Island, a popular South Korean tourist destination, hit an all-time low in July, marking a significant shift in domestic tourism trends. Consumer Insight, a travel research firm, reported on August 28 that only 29% of respondents expressed interest in [...]
SEOUL, Aug. 29 (Korea Bizwire) – Baemin, South Korea’s leading food delivery application, has unveiled new insights into consumer behavior, highlighting a growing focus on cost-saving measures and personalized dining experiences. Woowa Brothers, the company behind Baemin, announced on August 28 that 7 out of 10 users now utilize the app’s search filter to find restaurants [...]
SEOUL, Aug. 28 (Korea Bizwire) – The South Korean film industry, once a powerhouse of global cinema, is facing a severe downturn as major studios dramatically cut back on new productions. This reduction threatens to plunge the already struggling industry into a deeper crisis, with experts predicting a significant decrease in commercial films hitting theaters in [...]
SEOUL, Aug. 28 (Korea Bizwire) – Buddhism is experiencing an unexpected resurgence among young South Koreans, driven by a mix of pop culture references and a search for meaning in a fast-paced society. This renewed interest is now making its mark in an unlikely place: bookstores. The trend was kickstarted by unconventional events like an electronic [...]
SEOUL, Aug. 27 (Korea Bizwire) — The government’s proposal of maintaining a tight budget in 2025 illustrated its commitment to fiscal policy normalization amid the tax revenue shortfall, but calls for greater fiscal policy roles have also grown in the face of weak domestic demand and longer-term growth momentum, experts said Tuesday. The finance ministry [...]
SEOUL, Aug. 24 (Korea Bizwire) – In a stark contrast of artificial intelligence strategies, Samsung Electronics is pushing to expand its Galaxy AI features to over 200 million devices, including older models, while Apple is taking a more conservative approach by limiting its AI capabilities to its latest iPhone 15 Pro series. According to industry sources, [...]
SEOUL, Aug. 20 (Korea Bizwire) – With just 87 days remaining until South Korea’s College Scholastic Ability Test (CSAT) for the 2025 academic year, an unexpected trend has emerged: Medical professionals, including former residents, medical students, and current professors, are advising aspiring medical students to reconsider their career paths. On August 19, multiple posts appeared on [...]
SEOUL, Aug. 20 (Korea Bizwire) – A delegation of South Korean lawmakers who visited Japan’s Sado Gold Mine in Niigata Prefecture has accused Japanese authorities of attempting to conceal the history of forced labor at the site. The five-member delegation, comprising representatives from the Democratic Party of Korea, the Transition Korea Party, and the Progressive Party, [...]
SEOUL, Aug. 19 (Korea Bizwire) – As the South Korean government prepares to unveil its national pension reform plan, a recent survey has revealed that younger generations, particularly those in their 20s and 30s, are more concerned about the likelihood of receiving pension benefits in the future than the system’s financial stability. The survey, conducted by [...]