SEOUL, Aug. 15 (Korea Bizwire) — LG Electronics is ramping up its post-purchase care strategy by introducing a series of dedicated home appliance accessories aimed at enhancing functionality and user convenience, signaling a shift toward long-term customer satisfaction and brand loyalty. According to industry sources on August 15, the tech giant recently launched a bedding hanger [...]
SEOUL, Aug. 15(Korea Bizwire) — August 2025 marks the 20th anniversary of the introduction of comprehensive property trust services in South Korea, but industry experts warn the system remains largely symbolic, hindered by outdated regulations. Despite growing interest in asset management services amid rising household wealth, comprehensive property trusts—which allow financial institutions to collectively manage [...]
SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s nuclear regulator has warned that rapidly warming seawater — used to cool reactors — could force as many as eight reactors offline within the next 10 years unless cooling capacity is improved. At a meeting on August 14, the Nuclear Safety and Security Commission received a report [...]
SEOUL, Aug. 14 (Korea Bizwire) — President Lee Jae-myung’s signature higher-education pledge to create “10 new Seoul National Universities” has been adopted as an official state agenda item, setting the stage for full-scale implementation. The initiative, part of the administration’s effort to tackle longstanding regional disparities in education quality, aims to invest heavily in regional [...]
SEOUL, Aug. 8 (Korea Bizwire) — A recent survey has highlighted significant challenges disabled individuals face when using self-service kiosks in South Korea, with many preferring to order through human assistance rather than automated systems. The findings, released by the Ministry of Health and Welfare on August 8, were part of a study assessing the [...]
SEOUL, Aug. 8 (Korea Bizwire) — In response to a series of human rights violations involving foreign workers, South Korea’s Ministry of Employment and Labor has announced intensified labor monitoring and a focused reporting campaign. From August 11 to 29, the ministry will operate a special period for reporting labor rights abuses affecting foreign workers, particularly [...]
SEOUL, Aug. 8 (Korea Bizwire) — The “Gwangbokjeol Bread,” a collaboration between Korea Minting, Security Printing & Coinage Corporation (KOMSCO) and Seongshimdang Bakery, has been re-released after achieving impressive sales of 100 million KRW (approx. $75,000) within just two weeks of its initial launch. The two companies teamed up to mark the 80th anniversary of Korea’s [...]
SEOUL, Aug. 7 (Korea Bizwire) — Samsung Electronics has secured two major deals with global tech giants Tesla and Apple, signaling a potential turnaround for its long-struggling System LSI and foundry divisions. The company recently landed a record-breaking 23 trillion won ($16.5 billion) order from Tesla, followed by confirmation that it will begin supplying image [...]
SEOUL, Aug. 7 (Korea Bizwire) — U.S.-made vehicles are gaining unprecedented traction in South Korea’s import car market, fueled largely by the surging popularity of Tesla and the easing of non-tariff trade barriers under recent Korea-U.S. trade negotiations. According to auto data firm CarIsYou Data Research Institute, 7,362 U.S.-made passenger vehicles were sold in South [...]
WASHINGTON, Aug. 7 (Korea Bizwire) – President Donald Trump said Wednesday that his administration will impose a 100% tariff on imported semiconductors, escalating trade tensions and raising fresh concerns for South Korean chipmakers such as Samsung Electronics Co. and SK hynix Inc. The tariff announcement came during a White House event highlighting Apple Inc.’s $100 billion [...]