HANOI, Jun. 7 (Korea Bizwire) – As soaring prices and the weakening South Korean won make living costs increasingly untenable, Vietnamese workers in the country are tightening their belts, cutting back on grocery and remittance expenses to make ends meet, according to Vietnamese media reports. Nguyen Phuc Thien, 28, who has worked at a container flooring [...]
JEJU, Jun. 7 (Korea Bizwire) – For the next few weeks, visitors to the Haenyeo Museum on the resort island of Jeju can glimpse into the vanishing world of the region’s celebrated free-diving women through the lens of Peter Ashley Lee, a 42-year-old photographer. Lee’s exhibition, “The Last Mermaid,” which opened on June 4 and runs [...]
TAIPEI, Jun. 7 (Korea Bizwire) – While the world’s attention at Asia’s largest IT expo, Computex 2024, is fixated on artificial intelligence and semiconductor giants, South Korean companies exhibiting at the event are also striving to showcase their capabilities on the global stage. Since June 4, the Nangang Exhibition Center in northern Taiwan has been hosting [...]
SEOUL, Jun. 6 (Korea Bizwire) –A staggering two out of three South Koreans aged 25 to 34 are living with their parents or are financially dependent on them, even if they reside separately, according to a new study on the phenomenon known as the “kangaroo tribe.” Hwang Gwang-hoon, an associate research fellow at the Korea [...]
SEOUL, Jun. 6 (Korea Bizwire) –Domestic pharmaceutical firms in South Korea are increasingly joining forces with former competitors to develop new drugs, marking a shift in strategy. While co-marketing existing products or outsourcing manufacturing has been common practice, collaborations now extend to the realm of novel drug development. Last month, Ildong Pharmaceutical secured Dong-A Socio [...]
SEOUL, Jun. 6 (Korea Bizwire) –Nine out of 10 South Koreans perceive the effects of climate change and believe their nation is facing a climate crisis, according to the results of an online survey on climate change released by the Korea Meteorological Administration on June 4. The survey, conducted through the Anti-Corruption and Civil Rights [...]
CHUNCHEON, Jun. 5 (Korea Bizwire) –A proposal to develop Camp Page, a 520,000 square meter former United States military base in the heart of Chuncheon, has sparked a bitter divide within the local community, pitting residents who support the project against those who demand a restart of the process. The site, which has remained largely [...]
BUSAN, Jun. 5 (Korea Bizwire) –In a move toward reducing reliance on imports, South Korea is establishing a semiconductor fabrication plant for 8-inch power semiconductors in Busan. This facility aims to bolster self-sufficiency in a critical industry. The Ministry of Trade, Industry and Energy announced that EYEQ Lab has begun constructing the new plant within [...]
SEOUL, Jun. 5 (Korea Bizwire) –Hyundai Motor Company has introduced the 2025 Grandeur, a revamped version of its flagship sedan, the company announced on June 5. Since its debut in 1986, the Grandeur, once nicknamed the “executive car,” has been Hyundai’s signature sedan. Last year, it solidified its position as a best-selling vehicle in South [...]
SEOUL, Jun. 5 (Korea Bizwire) – South Korea’s leading food delivery platform, Baemin, has announced that its delivery riders working over 40 hours per week earned an average monthly income of 3.93 million won from January to April this year. This figure represents a notable increase of 400,000 won (11.3%) compared to the same period in [...]