SEOUL, Jan. 15 (Korea Bizwire) — As South Korea grapples with an aging population, pharmaceutical companies are increasingly looking at ‘medifood’ as a potential new growth area. Medifood, also known as ‘food for special medical purposes,’ includes beverages and meals specially designed for the elderly or others who require particular nutritional care due to health reasons. On [...]
SEOUL, Jan. 15 (Korea Bizwire) — Last December, sales of imported cars valued at over 100 million won in South Korea saw a significant increase compared to the previous month. This surge has been attributed to efforts to avoid the new green license plates, designated for corporate cars worth over 80 million won from January of this [...]
SEOUL, Jan. 15 (Korea Bizwire) — Hyundai Motor Co. said Monday it has launched a mobility-themed game on popular global online platform Roblox to showcase the company’s future vision to young gamers. Titled “Hyundai Future Adventure,” the game consists of six jump-action challenges themed around future mobility. Players take their journey exploring a future-themed park [...]
SEOUL, Jan. 15 (Korea Bizwire) — Efforts are being intensified in South Korea to develop technology that can prevent accidents resulting from drivers mistakenly pressing the accelerator. According to automotive industry sources on January 14, the Korea Transportation Safety Authority (KOTSA) is conducting a technology demand survey until January 26, targeting universities, research institutes, companies, and stakeholders [...]
SEOUL, Jan. 13 (Korea Bizwire) – LG Electronics Inc. said Saturday that it has opened its first plant in the U.S. for electric vehicle (EV) charging stations, as part of its strategy to advance into the fast-growing EV charging solutions business. The factory based in Fort Worth, Texas, has an annual capacity of over 10,000 [...]
SEOUL, Jan. 13 (Korea Bizwire) –Prominent figures in the Korean cultural and arts community, including director Bong Joon-ho, have called for a thorough investigation into the death of actor Lee Sun-kyun, who committed suicide amidst a police investigation for alleged drug use. On January 12, the newly-formed Association of Solidarity of Cultural Artists held a [...]
SEOUL, Jan. 13 (Korea Bizwire) –Coupang has re-established direct sales with LG Household & Health Care (LG H&H), nearly five years after the latter pulled its products from the Coupang platform following a dispute over pricing. This move comes with large manufacturers and distribution chains increasingly joining the anti-Coupang front, and Chinese shopping platforms like [...]
SEOUL, Jan. 12 (Korea Bizwire) – A South Korean civic group is initiating a class-action lawsuit to help parents recoup some of the excessive fees spent on college consulting services. Professor Yang Jeong-ho of Sungkyunkwan University’s Department of Education announced the plan at a seminar on so-called private education cartels held at the Korea Press Center [...]
JEJU, Jan. 12 (Korea Bizwire) – The playful and innocent gestures of moon bears, successfully adapted to their new home on Jeju island, will be open for public viewing starting from January 13. On January 11, Jeju officials announced that four moon bears, relocated from a private facility in Yongin, Gyeonggi Province, to Jeju last December, [...]
SEOUL, Jan. 12 (Korea Bizwire) – Barbara Zitwer, an American literary agent renowned for bringing Korean authors like Shin Kyung-sook and Han Kang to global prominence, has released a book about her travels in Korea, titled ‘The Korean Book of Happiness’. Preferring the nickname “Barbara,” she compiles her experiences in the book, recommending unique cultural aspects, [...]