SEOUL, Apr. 18 (Korea Bizwire) — The South Korean Ministry of Science and ICT is hosting the 2024 World IT Show from April 17 to 19 at the COEX exhibition center in Seoul, showcasing the latest information and communications technology (ICT) products and services. The largest domestic ICT exhibition features 1,188 booths from 446 companies and [...]
SEOUL, April 17 (Korea Bizwire) – The K-pop group BTS will hold a pop-up exhibition titled ‘Monochrome’ in Seoul’s Seongsu-dong neighborhood from April 26 to May 12, their agency Big Hit Music announced on April 17. BTS shared black-and-white posters photographed before the members’ military enlistment through their official social media accounts on the same day. [...]
MILAN, Apr. 16 (Korea Bizwire) – The crucial moment when a product captivates a consumer’s heart lasts an average of 0.6 seconds, and if a company fails to seize that fleeting opportunity, it cannot emerge victorious. This realization prompted Lee Kun-hee, the former chairman of Samsung, to gather his top executives in Milan, the global capital [...]
SEOUL, Apr. 15 (Korea Bizwire) — Despite a significant drop in sales for major online luxury goods platforms in South Korea due to the economic downturn, the pre-owned luxury market has shown resilience, even setting a record transaction volume last month in line with the start of the new school year, industry data showed on April [...]
SEOUL, Apr. 15 (Korea Bizwire) — Major smartphone manufacturers are taking steps to grant consumers greater “right to repair” their devices amidst growing demands. On April 11, Apple announced that certain iPhone models can now be repaired using recycled components. Previously, iPhone users had to undergo “part pairing” when self-repairing their devices, only allowing parts that [...]
SEOUL, Apr. 12 (Korea Bizwire) — Samsung Electronics’ innovative all-in-one washer-dryer, introduced in South Korea in February, has achieved a successful market entry, defying expectations that the novel form factor might face an uphill battle for consumer adoption. The “Bespoke AI Combo,” which combines washing and drying functions into a single appliance, immediately captured consumer interest [...]
SEOUL, Apr. 12 (Korea Bizwire) — BYD, China’s leading electric vehicle manufacturer, is grappling with dismal sales of its T4K electric truck, launched in South Korea last year. As electric vehicle subsidies were significantly reduced this year, GS Global, the official importer and distributor of the T4K, has resorted to offering discounts of around 10 million [...]
SEOUL, Apr. 12 (Korea Bizwire) — South Korea and the United States have launched a bilateral working group on artificial intelligence (AI) focused on boosting tech cooperation and advancing joint research, the foreign ministry said Friday. The launch of the working group was approved last December at the inaugural South Korea-U.S. Next Generation Critical and [...]
SEOUL, Apr. 12 (Korea Bizwire) —South Korean e-commerce giant Coupang Inc. said Friday it will raise its monthly membership fee for paid users by 58 percent, in an apparent move to secure further capital amid growing challenges from Chinese rivals. Coupang plans to charge its paid WOW membership users 7,890 won (US$5.7) starting Saturday, [...]
SEOUL, Apr. 12 (Korea Bizwire) — The Seoul city government decided Friday to allow an outdoor reading event to be held at Seoul Plaza in front of City Hall on May 31, effectively rejecting the request of an annual LGBTQ festival there. The LGBTQ festival was one of three events that sought to use the [...]