SEOUL, Mar. 4 (Korea Bizwire) –Following their simultaneous unveiling of integrated washer-dryer units last month, Samsung Electronics and LG Electronics are poised for another face-off with the concurrent launch of their 2024 TV models. Amidst expectations of a market rebound focused on premium TVs after last year’s downturn, both tech giants are doubling down on [...]
SEOUL, Mar. 4 (Korea Bizwire) – In a recent survey conducted by HR tech company Incruit’s gig worker platform ‘NewWorker,’ gig workers expressed high levels of satisfaction with the service. The survey, carried out from the February 8 to 12, involved 378 individuals who had taken on gig work through NewWorker in the past year. The [...]
SEOUL, Mar. 4 (Korea Bizwire) – As predictions of declining real estate values gain momentum, the scale of reverse mortgage guarantees in South Korea is set to hit an all-time high this year, signaling an increased adoption among homeowners. Reverse mortgages, available to individuals over 55, allow homeowners to secure a loan against their property to [...]
SEOUL, Mar. 4 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading automaker, on Monday announced the release of a redesigned version of its Ioniq 5 electric vehicle. The revamped Ioniq 5 features an increased battery capacity, growing from 77.4 kWh to 84.0 kWh, which in turn increases its all-electric range. It can travel up [...]
SEOUL, Mar. 4 (Korea Bizwire) — South Koreans spent over 40 hours on global video streaming platform YouTube in January, surpassing the mark for the first time, industry data showed Monday. South Koreans users on Android and iOS systems collectively spent a record 111.9 billion minutes on YouTube in January, according to a sample survey [...]
SEOUL, March 3 (Korea Bizwire) – South Korea’s demand for key minerals is expected to jump up to nineteenfold from 2021 by 2040 due to expansion in the electric car and wind power industries, a report showed Sunday. The demand for lithium, nickel, manganese and cobalt, essential for electric car batteries, will be up by [...]
SEOUL, Mar. 2 (Korea Bizwire) –The fashion world is witnessing a resurgence of the “grandpa core” look, a style reminiscent of garments one might find in a grandfather’s closet, leading to a noticeable increase in related product sales. Characterized by classic cable knit sweaters, oversized Oxford shirts, and rugby shirts, this trend encapsulates a blend [...]
SEOUL, Mar. 1 (Korea Bizwire) –Pengsoo, the beloved character from EBS who was once acclaimed ‘Children’s President’, is set to participate in a walkathon organized by the Korean Society for the Study of Obesity. The event, aimed at raising awareness about obesity prevention and management, will be held on March 3 at Neulbut Park Stadium [...]
SEOUL, Mar. 1 (Korea Bizwire) –The International Labor Organization (ILO) has voiced its concern over the absence of concrete actions by the Japanese government to resolve the issues surrounding ‘comfort women’ and forced labor during the Japanese military’s occupation. This statement was highlighted during a joint memorial service held by the Korean Confederation of Trade [...]
SEOUL, Mar. 1 (Korea Bizwire) –A coalition of South Korean labor and civic organizations has come together to launch a network dedicated to the implementation of a four-day workweek and the elimination of prolonged labor practices. Dubbed the “Four-Day Workweek Network,” the coalition officially commenced its activities with a launch ceremony held at the National [...]