SEOUL, Jul. 2 (Korea Bizwire) –A recent spate of lithium battery-related incidents in South Korea has thrust the safety and environmental concerns surrounding these ubiquitous power sources into the spotlight. From public transportation mishaps to industrial accidents and mounting disposal challenges, the risks associated with lithium batteries are becoming increasingly apparent. On July 1, a [...]
SEOUL, Jul. 1 (Korea Bizwire) – South Korean e-commerce platforms appear to be regaining strength after facing intense pressure from Chinese competitors like AliExpress and Temu last year. This resurgence comes as concerns over the safety of low-cost Chinese products have risen, and domestic platforms have launched aggressive promotional campaigns to win back customers. According to [...]
SEOUL, Jun. 29 (Korea Bizwire) – In a battle for dominance in the burgeoning cross-border e-commerce market, international platforms are intensifying their efforts to capture a slice of South Korea’s booming overseas sales sector, particularly in the realm of K-beauty products. Shopee, Southeast Asia’s largest e-commerce platform, announced plans to expand support for Korean products seeking [...]
SEOUL, Jun. 29 (Korea Bizwire) – Allegations of death by overwork have surfaced following the passing of a 40-year-old delivery driver who had been working for Coupang’s late-night Rocket Delivery service. On June 27, the Committee for Countermeasures Against Overwork Deaths of Delivery Workers and the family of the deceased, Jung Seul-gi, held a press conference [...]
SEOUL, Jun. 28 (Korea Bizwire) – A recent survey has revealed that a significant portion of South Koreans are opting out of summer vacations, with job hunting and exam preparation cited as the primary reasons. The study, conducted by EduWill, a comprehensive education company, surveyed 197 adults aged 20 to 40 over a seven-day period ending [...]
SEOUL, Jun. 28 (Korea Bizwire) – As nearly 8 out of 10 South Koreans spend their final moments in hospitals, a new regulation set to take effect in August will require general hospitals and long-term care facilities to install dedicated “end-of-life” rooms. This move by the government aims to ensure a more dignified conclusion to life [...]
SEOUL, Jun. 26 (Korea Bizwire) – A new study predicts that South Korea’s declining birth rate and shrinking population could lead to a significant labor shortage in key sectors by 2042, with over 600,000 fewer workers in restaurants and retail compared to 2022 levels. The forecast was presented by professor Lee Chulhee of Seoul National University [...]
SEOUL, Jun. 25 (Korea Bizwire) – In a surprising turn of events, South Korea has become the latest battleground for global e-commerce giants, with YouTube making an unprecedented move to launch its first shopping-dedicated store feature in the country. On June 23, industry sources revealed that YouTube, in collaboration with Cafe24, a KOSDAQ-listed e-commerce solutions company, [...]
BUSAN, Jun. 25 (Korea Bizwire) – An animal protection group has filed an administrative appeal against the Cultural Heritage Administration and local authorities for ordering the removal of feral cat feeding stations on Eulsukdo Island, a crucial migratory bird habitat in Busan. The Korean Alliance for Prevention of Cruelty to Animals (KAPCA) held a press conference [...]
SEJONG, Jun. 24 (Korea Bizwire) – In a concerning trend for South Korea’s labor market, the number of young adults classified as economically inactive — neither employed nor seeking work — has increased for the first time in nine months, despite government initiatives to integrate them into the workforce. According to data from Statistics Korea, the [...]