SEOUL, Jan. 11 (Korea Bizwire) – The South Korean baseball league announced Thursday that robot umpires will be used from the start of the 2024 season, one of several rule changes being adopted one year after Major League Baseball (MLB). The Korea Baseball Organization (KBO) will also enlarge bases in the new season and will [...]
SEOUL, Jan. 11 (Korea Bizwire) – A recent study by the National Pension Research Institute has uncovered a concerning reality for South Korea’s older population. Nearly half of the individuals over 50 years old find themselves without support in times of sudden financial need. As part of the study, over 6,200 people aged 50 and above [...]
SEOUL, Jan. 11 (Korea Bizwire) – As it approaches its third year of being listed on the U.S. stock market, South Korean e-commerce giant Coupang is generating buzz with expectations of its first-ever profit. However, the company faces intensifying competition with the entry of Chinese shopping platforms like AliExpress, raising concerns about the slowing growth of [...]
SEOUL, Jan. 11 (Korea Bizwire) – Seocho District in Seoul, led by District Mayor Jun Sung-su, has unveiled an innovative solution to navigate the labyrinthine structure of the Express Bus Terminal underground shopping complex, known for its over 600 densely packed stores. Starting this month, Goteo Map, an indoor navigation app, will help visitors find their [...]
SEOUL, Jan. 11 (Korea Bizwire) – KakaoPay, South Korea’s popular payment platform, has witnessed an astonishing 14-fold increase in transactions made by foreign tourists within a year. This surge is attributed to the rise in international visitors in the post-COVID era and the expansion of KakaoPay-affiliated merchants linked to foreign fintech (payment) services. According to the [...]
SEOUL, Jan. 10 (Korea Bizwire) – Hyundai Motor Group has unveiled the prototype of its new air taxi model at the global technology show CES 2024, company officials said Wednesday, as it steps up efforts to make inroads into the global electric flying taxi market. Supernal, a U.S.-based air taxi unit of Hyundai, showcased the [...]
SEOUL, Jan. 10 (Korea Bizwire) – As the new year unfolds, major financial groups in South Korea are fiercely competing to enhance their services through the development of sophisticated mobile applications, focusing on creating ‘super apps’ that offer core services of both banking and non-banking affiliates in a single application, each employing slightly different strategies to [...]
LAS VEGAS, Jan. 9 (Korea Bizwire) — Foldable smartphones, first launched by Samsung Electronics Co. about five years ago, have undergone remarkable developments and innovations in both performance and technology to meet consumer demands for more functionality and convenience. The Galaxy Z Flip 5 is the latest clamshell-style foldable released last summer. Boasting a wider [...]
SEOUL, Jan. 10 (Korea Bizwire) – As the new year begins, Korea’s leading telecommunications companies are igniting competition by releasing a series of children-focused smartphones. On January 9, LG Uplus announced the launch of the Chunsik-i 2 phone, a child-friendly LTE smartphone designed for eye comfort. This 7th U+ Kids Phone model is based on the [...]
SEOUL, Jan. 9 (Korea Bizwire) – The Korean dining industry is increasingly adopting the ‘shop-in-shop’ concept, offering a win-win strategy that attracts attention. This approach allows businesses to enhance brand recognition through specialized stores while providing customers the convenience of exploring a variety of items in one location. According to industry reports from January 8, Lotte [...]