SEOUL, July 20 (Korea Bizwire) — Young South Koreans in their teens and 20s show a stronger preference for Apple Inc.’s iPhones, adding to the concern faced by Samsung Electronics Co. ahead of the Galaxy Unpacked event next week. Gallup Korea conducted a nationwide survey of 975 smartphone users over 18 years of age, in [...]
SEOUL, July 20 (Korea Bizwire) — Chinese electric vehicles (EVs) are expanding their presence in South Korea, particularly in the commercial vehicle market. The number of imported commercial vehicles registered in the first half of this year totaled 4,563 units, with Chinese vehicles accounting for 1,451 units, according to local market tracker CarIsYou. Shineray’s electric [...]
SEOUL, July 17 (Korea Bizwire) — The consumption trend for affordable luxuries continues to expand among South Korea’s younger generation. This trend is particularly noticeable in the beauty sector, where consumers can express their values, preferences, and personality at an affordable price. Between January and June of this year, sales of luxury cosmetics at Lotte [...]
SEOUL, July 16 (Korea Bizwire) — Hyundai Motor Group said Sunday it expects its cumulative sales in India to reach 9 million units later this year The cumulative number of Hyundai Motor Co.’s vehicles sold in India amounted to 8.69 million in June, 25 years after the automaker released the Santro, its city car model, [...]
WARSAW, July 15 (Korea Bizwire) — South Korean President Yoon Suk Yeol said Saturday he agreed to provide Ukraine with a package of security, humanitarian and reconstruction assistance in talks with Ukrainian President Volodymyr Zelenskyy during a surprise visit to the war-torn country. Yoon and first lady Kim Keon Hee arrived in Ukraine earlier in [...]
SEOUL & YONGIN, July 15 (Korea Bizwire) — The birth of the first twin pandas in South Korea at the Everland theme park on July 7 has captured the public’s attention, particularly the inspiring story of their mother, Ai Bao. While the arrival of the twin pandas has generated unprecedented interest in these adorable creatures, [...]
SEOUL, July 13 (Korea Bizwire) — The top court finalized a three-year prison term for a former head of a mid-size technology firm Thursday for leaking Samsung Display Co.’s edge panel technology to Chinese companies in 2018. The edge panel technology, also known as 3D lamination technology, is used for making curved screen edges for [...]
DAEJEON, July 12 (Korea Bizwire) — City councilors in the central city of Daejeon have proposed a new ordinance to spend public funds to support the height growth of children, the city council said Wednesday. The ordinance recently submitted by 14 council members calls on the city’s educational superintendent to promote various projects to help [...]
SEOUL, July 12 (Korea Bizwire) — With the trend of saving even small amounts of money spreading amid the economic slump, South Korea’s major travel agency has unveiled new apps that pay users for walking. Hanatour Service Inc. announced on Tuesday that it launched the industry’s first step counter service, designed to provide rewards based [...]
SEOUL, July 11 (Korea Bizwire) — Kakao Brain, an artificial intelligence (AI) arm of tech giant Kakao Corp., announced on Monday the release of Karlo 2.0, a super-giant AI image-generating model that instantly creates vivid images. Karlo 2.0 is a large-scale AI that has been trained on a dataset comprising more than 300 million pages [...]