SEOUL, July 3 (Korea Bizwire) — Japanese products are making significant strides in the imported beer market. Previously, Japanese beers experienced a significant decline in market share due to product boycotts, allowing Chinese and Dutch beers to claim the top two spots for the last couple of years. The popularity of Japanese beer is evident [...]
SEOUL, July 3 (Korea Bizwire) — The size of vehicles in all categories, except for mini cars, is increasing compared to the past, indicating a strong preference among local consumers for larger cars. According to local market tracker CarIsYou, the overall length and width of vehicles registered in South Korea during the January to May [...]
SEOUL, July 2 (Korea Bizwire) — Earlier this month, a video depicting animals in distressing conditions, including a lion with visible ribs, generated significant controversy. The Busan Alliance for the Prevention of Cruelty to Animals, an organization dedicated to animal protection, shared the video on social media, shedding light on the Bukyeong Zoo in Gimhae, [...]
SEOUL, July 1 (Korea Bizwire) — Virtual idols have emerged as a new mainstream phenomenon, gaining popularity among Gen Z (born 1997-2006) fandom. Previously considered a niche interest, virtual idols are now capturing the attention of teenagers who are comfortable with advanced technologies like the metaverse, motion capture, and virtual reality (VR). Experts note that [...]
SEOUL, June 30 (Korea Bizwire) – Convenience stores are capitalizing on the growing demand for whiskey by launching exclusive whiskey open runs. These limited-time events offer discounted prices on rare and sought-after products, enticing whiskey enthusiasts and fostering customer loyalty. BGF Retail recently announced that CU, their convenience store brand, will host a unique “Let-Ju-Go” [...]
HAPCHEON, June 29 (Korea Bizwire) — A heifer, approximately 50 months old, has garnered attention after escaping from an auction and being discovered 11 days later. The owner of the cow has declared that she will not be put up for auction again but will be retained. The escape took place on the 15th of [...]
SEOUL, June 29 (Korea Bizwire) — Financial regulators have issued a strong warning to certain insurers for engaging in unethical practices by promoting insurance sales based on the Fukushima nuclear disaster and the potential increase in cancer rates due to contaminated water discharge. The Financial Services Commission and the Financial Supervisory Service announced on Thursday [...]
SEOUL, June 29 (Korea Bizwire) — Apple Inc.’s mobile payment service, Apple Pay, has processed 25.8 million transactions within just 100 days of its launch in South Korea. According to Hyundai Card Co., payments with Apple Pay have been made at 108,000 stores across the country since the service was introduced in March. Apple, which [...]
SEOUL, June 29 (Korea Bizwire) — SK Telecom Co. and KT Corp. are accelerating their efforts to expand coverage and improve speed in order to maintain their leadership in 5G mobile network quality and prevent LG Uplus Corp. from taking the lead. Since March, the two telecom operators have been replacing 5G base station equipment [...]
SEOUL, June 28 (Korea Bizwire) — Hyundai Engineering Co. said Tuesday it held a completion ceremony for South Korea’s tallest modular apartment building, located in Yongin, Gyeonggi Province. Modular buildings are constructed by pre-producing primary construction materials in a factory and assembling them on-site. The 13-story building comprises 106 homes. According to the Building Act, [...]