ULSAN, Nov. 23 (Korea Bizwire) –South Korea’s national archery team achieved a historic sweep at the 2024 Paris Olympics, claiming gold in all five events—a testament to the country’s dominance in the sport. This unparalleled success has reignited discussions on why South Korea excels in archery, with experts pointing to both cultural heritage and systematic [...]
LOS ANGELES, Nov. 22 (Korea Bizwire) – The Goldstein House, an architectural gem perched in the affluent hills of Los Angeles, traded its usual Hollywood glamour for automotive innovation on November 21 as Hyundai unveiled its first large electric SUV, the Ioniq 9, to an eager crowd of industry insiders. The venue, a masterpiece of mid-century [...]
SEOUL, Nov. 22 (Korea Bizwire) – Experts at a population strategy forum have called for a fundamental shift in workplace culture, arguing that employees balancing work, caregiving, and personal life should become the new standard in personnel management to address South Korea’s declining birth rate and achieve better work-life integration. The forum, held on November 20 [...]
SEOUL, Nov. 20 (Korea Bizwire) – South Korean regulators have blocked nearly 2,000 product listings from Chinese e-commerce platforms AliExpress and Temu since May, citing safety violations that threaten consumer well-being. This move underscores the growing challenges posed by cross-border e-commerce amid its meteoric rise in the country. A Surge in Unsafe Products From May to [...]
SEOUL, Nov. 20 (Korea Bizwire) – In a groundbreaking shift that signals South Korea’s gradual departure from its traditional corporate culture, Hyundai Motor Company has named José Muñoz as its first non-Korean chief executive officer in its 57-year history, marking a significant milestone for one of the country’s most prestigious companies. The appointment of Muñoz, who [...]
SEOUL, Nov. 19 (Korea Bizwire) – POSCO, South Korea’s largest steelmaker, has ceased operations at its Pohang Steelworks’ No. 1 Wire Rod Mill after 45 years and 9 months of service. The closure, effective November 19, comes as the global steel market grapples with oversupply, particularly from low-cost Chinese imports, which have eroded profitability. The No. [...]
SEOUL, Nov. 19 (Korea Bizwire) – As obesity rates surge across all age groups in South Korea, lawmakers have introduced groundbreaking legislation to address what they increasingly see as a national health emergency. Representative Park Hee-seung of the Democratic Party, a member of the National Assembly’s Health and Welfare Committee, announced today the introduction of the [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korean cosmetics companies are rolling out smaller-sized products to capture the growing market of Generation Z and Alpha consumers, who are increasingly seeking affordable ways to experiment with beauty products. Daiso, a popular discount retailer, reported a dramatic surge in cosmetics sales for January through October this year, with [...]
SEOUL, Nov. 18 (Korea Bizwire) – A quadrupedal robot developed by the Korea Advanced Institute of Science and Technology (KAIST) has become the first of its kind to complete a full marathon, marking a significant milestone in robotics technology. The robot, named Raibo2, finished the 2024 Sangju Persimmon Marathon’s full course (42.195 km) in 4 hours, [...]
SEOUL, Nov. 16 (Korea Bizwire) – Every year, South Korean police officers drive anxious students to their college entrance examination sites and deliver forgotten ID cards to test-takers. But what has long been viewed as a heartwarming tradition is now facing scrutiny from within the force itself. According to the National Police Agency, officers provided 187 [...]