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With Legal Issue Cleared, Korean EV Battery Makers Face Rising Competition

With Legal Issue Cleared, Korean EV Battery Makers Face Rising Competition

SEOUL, April 11 (Korea Bizwire) — Two Korean battery makers reached a long-awaited settlement on Sunday to resolve their bitter battery battle, clearing prolonged uncertainty in the face of toughening competition on multiple fronts amid the growing electric vehicle market. LG Energy Solution Ltd. and SK Innovation Co. said they have agreed to settle in [...]

1 in 4 Seoul Citizens Reports ‘Revenge Spending’ amid Pandemic

1 in 4 Seoul Citizens Reports ‘Revenge Spending’ amid Pandemic

SEOUL, April 10 (Korea Bizwire) — One in four Seoul citizens turned to “revenge spending” to make up for missed shopping during the coronavirus pandemic, a study has shown. According to a Wednesday report by the Seoul Institute, a think tank for the Seoul metropolitan government, 24.3 percent of those surveyed in the first quarter [...]

How Young Voters, Once Solid Supporters of Liberal Causes, Turned Against Moon’s Party in By-elections

How Young Voters, Once Solid Supporters of Liberal Causes, Turned Against Moon’s Party in By-elections

SEOUL, April 9 (Korea Bizwire) — In politics, it is conventional wisdom that liberal parties are more effective in connecting with and appealing to young voters, while conservative rivals are more comfortable in engaging with the older electorate. A high level of voter turnout is also usually considered something that works in favor of liberal [...]

Jeju Faces Dilemma over Tourism with Both Tourists and Residents Unhappy

Jeju Faces Dilemma over Tourism with Both Tourists and Residents Unhappy

JEJU, April 9 (Korea Bizwire) — The provincial government of Jeju Island, South Korea’s most popular vacation destination, is facing a dilemma as tourists and residents both are showing higher negative perceptions toward Jeju’s tourism boom. In particular, tourists are increasingly dissatisfied with the island’s expensive prices, while Jeju residents are unhappy with the inconvenience [...]

False Chinese Claims Spur Korean American High School Students to Push for Korean Hanbok Day

False Chinese Claims Spur Korean American High School Students to Push for Korean Hanbok Day

SEOUL, April 6 (Korea Bizwire) — Korean American high school students in the United States have stepped up to take action against false claims by China that hanbok, Korean traditional attire, actually originate in China. The Asian American Youth Council (AAYC), a youth organization active in the U.S., announced Sunday that municipality of Tenafly in [...]

COVID-19 Leads to Drops in Smoking and Drinking Rates While Everyday Stress Levels Rise

COVID-19 Leads to Drops in Smoking and Drinking Rates While Everyday Stress Levels Rise

SEOUL, April 6 (Korea Bizwire) — With the spread of the coronavirus and the introduction of social distancing policies, South Koreans are engaged in less smoking, drinking, and physical activities, while their everyday stress levels have increased. Last year, the Gyeonggi Provincial Government conducted a survey of 41,983 residents via 46 local community health centers [...]

LG’s Departure from Mobile Biz to Boost Bigger Rivals’ Presence

LG’s Departure from Mobile Biz to Boost Bigger Rivals’ Presence

SEOUL, April 5 (Korea Bizwire) – LG Electronics Inc.’s withdrawal from the mobile business is likely to help its bigger rivals such as Samsung Electronics Co. expand their presence in the sector at home and abroad, industry observers said Monday, as there are limited alternatives for local consumers. After years of money-losing performance, LG said [...]

Seoul Education Office Bucks Opposition from Conservative Groups with Student Rights Plan

Seoul Education Office Bucks Opposition from Conservative Groups with Student Rights Plan

SEOUL, April 3 (Korea Bizwire) — Despite strong opposition from some conservative groups, the Seoul Metropolitan Office of Education has stipulated the protection of sexual minority rights in the student rights plan, the first in its history, that it unveiled on Thursday. In accordance with the Seoul Metropolitan Student Human Rights Ordinance, the student human [...]