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Archive by category Most Viewed

Court Recognizes Responsibility of SK Chemical and Aekyung Industrial in Harmful Humidifier Disinfectant Case

SEOUL, Jan. 12 (Korea Bizwire) – In a significant court ruling, former executives of SK Chemical and Aekyung Industrial were found guilty on January 11 for their involvement in selling harmful humidifier disinfectants. This judgment effectively acknowledges the causal link between all humidifier disinfectant ingredients and lung diseases. The Seoul High Court sentenced former SK Chemical [...]

Foreign Investors Remain Net Buyers of S. Korean Stocks in December

SEOUL, Jan. 12 (Yonhap) — Foreign investors remained net buyers of South Korean stocks for a second consecutive month in December, data showed Friday. Offshore investors purchased a net 3.14 trillion won (US$2.38 billion) worth of local stocks last month, following their net purchase of 3.3 trillion won in November, according to the data from [...]

Zigzag Platform Reveals Average of 3.4 Days from Search to Purchase in User Shopping Habits

SEOUL, Jan. 12 (Korea Bizwire) – KakaoStyle’s fashion commerce platform, Zigzag, announced on January 11 that an analysis of last year’s search and purchase data revealed that customers take an average of 3.4 days from searching for a product to making a purchase. Breaking down the data by category, the beauty sector showed the shortest duration, [...]

South Korean Army Unveils Revolutionary Shooting Range with Shields for Enhanced Safety

SEOUL, Jan. 12 (Korea Bizwire) – In a significant advancement for military training facilities, the South Korean Army has unveiled the nation’s first shooting range with a barrier wall structure, designed to drastically reduce grenade shrapnel, stray bullets, and firing noise. This ground-breaking development represents a major step forward in enhancing both training efficiency and community [...]

Spotlight on Ethiopian Pavilion as Hwacheon Ice Festival Honors Veterans

HWACHEON, Jan. 12 (Korea Bizwire) – The 2024 Hwacheon Sancheoneo Ice Festival in South Korea will feature a splash of Ethiopian culture for the second year in a row, as Hwacheon County announced the operation of an Ethiopian promotional pavilion at the festival site on January 10. At the pavilion, Ethiopian youths adorned in traditional attire [...]

KBO Embraces Robot Umpires for 2024 Season Kickoff; Contemplates Implementation of Pitch Clock

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 [...]

Nearly Half of Older South Koreans Lack Support in Financial Emergencies, Study Reveals

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 [...]

Coupang Eyes Breakthrough Despite Intense Rivalry in Korea’s Thriving E-commerce Scene

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’s Seocho District Launches ‘Goteo Map’ App for Easier Navigation in Maze-Like Underground Mall

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 [...]

Foreign Tourist Spending via KakaoPay in South Korea Surges to New Highs

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 [...]