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South Korea’s $23-Billion Rental and Sharing Market Continues to Make Headway

South Korea’s $23-Billion Rental and Sharing Market Continues to Make Headway

SEOUL, May 22 (Korea Bizwire) – Last year, South Korea’s rental services market was estimated at 25.9 trillion won ($23.2 billion), up from 19.5 trillion won five years ago, according to the KT Economic Management Research Institute. By 2020, the market is expected to grow to a 40.1-trillion-won industry, researchers expect.  The boon in the [...]

More Korean Celebrities Opting for Small, Private, Secret Weddings

More Korean Celebrities Opting for Small, Private, Secret Weddings

SEOUL, May 22 (Korea Bizwire) – An increasing number of South Korean celebrities are choosing smaller, private weddings, or even keeping their marriage secret until after the ceremony.  The latest surprise to fans came from actress and singer Sung Yu-ri last week, when she announced on May 15 on her official fan site that she [...]

South Korea Sees New Demand for Eco-Friendly Products Amid Growing Chemical Fears

South Korea Sees New Demand for Eco-Friendly Products Amid Growing Chemical Fears

SEOUL, May 19 (Korea Bizwire) – If there was one thing that South Koreans took away from the Oxy Reckitt Benckiser crisis, it was the devastating effects of chemical substances found in everyday products.  The scandal dates back a decade, when polyhexamethylene guanidine (PHMG), a substance that was used in commercial humidifier sterilizing agents, was discovered to [...]

Majority of Car Buyers Interested in Purchasing Autonomous Vehicles

Majority of Car Buyers Interested in Purchasing Autonomous Vehicles

SEOUL, May 19 (Korea Bizwire) – Over six in 10 car buyers are interested in purchasing autonomous vehicles once they are commercialized, a recent survey has revealed. According to the survey conducted by used car website SK Encar last month, over 60 percent of the 1,635 respondents said they would consider buying an autonomous vehicle, while [...]

South Korea’s Night Markets Growing Popular

South Korea’s Night Markets Growing Popular

SEOUL, May 19 (Korea Bizwire) – Night markets in South Korea are appealing to more and more visitors, and are well on their way to becoming a key tourist destination for domestic and overseas travelers.  According to SK Planet’s social media analytics system BINS 3.0, the number of online mentions of “night market” jumped by [...]

Computer Coding Education Becoming Popular in South Korea

Computer Coding Education Becoming Popular in South Korea

SEOUL, May 19 (Korea Bizwire) – Joo Jae-un, a college student in Seoul, stayed in the nation’s top science technology school in Daejeon for a month last summer to attend an intensive training course on computer programming.  The 25-year-old business major took classes for three to four hours every weekday at KAIST (Korea Advanced Institute [...]

New Technology Drastically Reduces Fine Dust Emissions from Thermal Power Plants

New Technology Drastically Reduces Fine Dust Emissions from Thermal Power Plants

SEOUL, May 17 (Korea Bizwire) – The Korea Institute of Machinery & Materials announced Tuesday that it has developed a technology to reduce fine dust emissions at thermal power stations by roughly 90 percent.  The institute recently installed catalytic denitrification equipment – typically employed at power plants to reduce pollutants by converting nitrogen oxide into [...]

Convenience Store of the Future Opens at Lotte World Tower

Convenience Store of the Future Opens at Lotte World Tower

SEOUL, May 16 (Korea Bizwire) – Seven Eleven Signature opened today at Lotte World Tower, the world’s very first unmanned convenience store where shoppers can pay with the swipe of their hand, thanks to a biometric verification system that scans palm vein patterns. The vein-scanning self-checkout terminal studies the size, color, and shape of each shopper’s [...]