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Coupang Under Pressure as Calls Grow for ‘No Parcel Day’ Participation amid Worker Rest Disputes

Coupang Under Pressure as Calls Grow for ‘No Parcel Day’ Participation amid Worker Rest Disputes

SEOUL, Aug. 15 (Korea Bizwire) — The Korea Living Logistics Courier Service Association (KLLCSA), a consortium of courier service providers, has appealed to e-commerce retailer Coupang Inc.’s courier subsidiary, Coupang Logistics Service (CLS), urging its participation in the “No Parcel Day” movement. On August 14, major courier companies in South Korea will refrain from deliveries [...]

Reviving Goesan’s Giant Cauldron: Innovative Ideas Wanted!

Reviving Goesan’s Giant Cauldron: Innovative Ideas Wanted!

SEOUL, Aug. 15 (Korea Bizwire) — The North Chungcheong provincial office has initiated a nationwide campaign to solicit innovative concepts for revitalizing the Goesan giant cauldron, a persistent challenge for over a decade, and transforming it into a sought-after tourist destination. Situated in the heart of Goesan-eup’s square, the cauldron boasts impressive dimensions — 5.68 [...]

Starbucks Korea Celebrates Liberation Day with Traditional Motifs

Starbucks Korea Celebrates Liberation Day with Traditional Motifs

SEOUL, Aug. 15 (Korea Bizwire) — Marking the 78th anniversary of Korea’s liberation from Japan’s colonial rule, Starbucks Korea revealed its plans on Monday to introduce a line of products celebrating Liberation Day, starting from Tuesday. These offerings will showcase traditional Korean design elements, with items like mother-of-pearl coasters, exquisite mother-of-pearl boxes, and elegantly designed [...]

Hyundai Motor Unveils Ioniq 5 with Batik Design in Indonesia

Hyundai Motor Unveils Ioniq 5 with Batik Design in Indonesia

SEOUL, Aug. 14 (Korea Bizwire) — Hyundai Motor Co., South Korea’s biggest carmaker, unveiled an electric vehicle adorned with Indonesia’s traditional batik pattern to commemorate the 50th anniversary of diplomatic ties between Seoul and Jakarta. Hyundai Motors Indonesia last week showcased the all-electric Ioniq 5 Batik edition at the Indonesia International Auto Show (GIIAS) in [...]

S. Korea Voices Hopes for ‘Smooth’ Resolution of Frozen Iranian Assets

S. Korea Voices Hopes for ‘Smooth’ Resolution of Frozen Iranian Assets

SEOUL, Aug. 12 (Korea Bizwire) — South Korea neither confirmed nor denied media reports Friday on the apparent transfer of Iranian funds frozen here under U.S. sanctions but expressed hopes for a “smooth” resolution of the issue, a major thorn in the country’s relations with Tehran. Earlier, media outlets reported the United States had reached [...]

Banking Sector Grapples with Corruption Scandals and Control Weaknesses

Banking Sector Grapples with Corruption Scandals and Control Weaknesses

SEOUL, Aug. 11 (Korea Bizwire) — South Korean banking sector has become entangled in a series of massive corruption scandals, revealing serious weaknesses in its internal control systems. The Financial Supervisory Service (FSS) on Wednesday launched an emergency investigation after receiving allegations that employees of DGB Daegu Bank, located in the southeastern city of Daegu, [...]

Beverage Brands Compete for Cost Effectiveness amid High Inflation

Beverage Brands Compete for Cost Effectiveness amid High Inflation

SEOUL, Aug. 11 (Korea Bizwire) – Cost-effective large drinks are gaining popularity in South Korea as high inflation places a burden on consumers. Last month, Starbucks Korea introduced the Trenta size (887 milliliters) beverages, and their cumulative sales surpassed 400,000 units within just 15 days. The Trenta size is about 1.5 times bigger than the [...]