SEOUL, Nov. 6 (Korea Bizwire) – An official from a commercial bank expressed, “I am concerned about the government’s apparent effort to stigmatize banks as public enemies and deflect criticism towards us, beyond merely characterizing us as public resources, all in a bid to placate small business owners and the self-employed.” Once again, following earlier actions [...]
SEOUL, Nov. 3 (Korea Bizwire) – Sales of imported vehicles in South Korea dropped 15.9 percent in October from a year earlier due to weakened demand for foreign electric vehicle (EV) models, industry data showed Friday. The number of newly registered imported cars last month totaled 21,329 units, compared with 25,363 units a year ago, [...]
SEOUL, Nov. 3 (Korea Bizwire) – Cigarette smoking is exacting a grim toll on both lives and finances in South Korea. According to the Korea Disease Control and Prevention Agency (KDCA), nearly 60,000 lives are claimed annually, and the economic cost stands at a staggering 12 trillion won. To combat this societal burden, experts from various [...]
SEOUL, Nov. 3 (Korea Bizwire) – Samsung Electronics’ “Benz Phone” (SGH-E700), a mobile device that gained global popularity two decades ago, has recently regained attention. The Galaxy Z Flip 5 Retro, a limited-edition foldable smartphone that reimagines the Benz Phone, has become a trending topic. The Benz Phone, featuring a built-in antenna for enhanced portability, was [...]
SEOUL, Nov. 2 (Korea Bizwire) – A recent survey has revealed that middle-aged individuals in South Korea aspire to continue their economic activity until the age of 69, on average. However, their average retirement age is actually around 50. According to the findings from the 2023 survey on older adults’ job-seeking activities, released by the Tomorrow [...]
SEOUL, Nov. 1 (Korea Bizwire) – A voice phishing analysis model developed by the South Korean government this year that is thought to be the first of its kind in the world has played a pivotal role in the investigation of voice phishing crimes. The Ministry of the Interior and Safety (MOIS) announced on Tuesday that [...]
SEJONG, Oct. 31 (Korea Bizwire) – Among South Korean individuals between the ages of 55 and 79 who are receiving pensions, close to one-third have expressed a desire to work to make ends meet. Half of the older individuals receiving pensions are currently employed, and this proportion increases even further among those who are not recipients [...]
SEOUL, Oct. 30 (Korea Bizwire) – Hyundai is on the cusp of achieving double-digit market share in the U.S. electric vehicle (EV) segment. It’s intriguing to observe whether Hyundai can solidify its position as a pioneer in the American transition to electrification. During the third quarter of this year, Hyundai successfully sold 21,638 electric vehicles in [...]
SEOUL, Oct. 27 (Korea Bizwire) – A recent study conducted by Samsung Research has revealed concerning statistics regarding sleep patterns and quality among the elderly population in South Korea. According to the study’s findings, South Korea ranks at the bottom in terms of both sleep duration and sleep quality among the 17 countries surveyed. Samsung Research, [...]
SEOUL, Oct. 27 (Korea Bizwire) – As the COVID-19 pandemic has prolonged the prevalence of non-face-to-face shopping, apparel and cosmetics companies are intensifying their online marketing strategies, specifically targeting Generation MZ (those born between the early 1980s and early 2000s). This younger demographic is increasingly recognizing the advantages of online shopping, which has led to a [...]