SEOUL, April 18 (Korea Bizwire) — Hyundai and Kia were notably absent from the list of subsidized electric vehicles selected by the US government under the guidelines of the Inflation Reduction Act (IRA). Nonetheless, the domestic auto industry appears to be relatively calm. According to the domestic industry’s analysis, the likelihood of receiving subsidies was [...]
SEOUL, April 18 (Korea Bizwire) — The electric vehicle (EV) market is about to experience fierce price competition as Tesla continues to slash prices worldwide and BYD and Volkswagen introduce entry-level compact EVs, according to a recent report from the Korea Automotive Technology Institute (KATECH). The report, titled “The Beginning of the Era of Electric [...]
SEOUL, April 17 (Korea Bizwire) – In the hit Netflix series “The Glory,” actress Song Hye-kyo takes on the role of Moon Dong-eun, a woman seeking revenge. To accurately portray the character, Song underwent significant weight loss, achieved through her dietary choice of konjac rice. Speaking in an interview, Song revealed, “As the filming period [...]
SEOUL, April 17 (Korea Bizwire) — Hyundai Motor Group sold over 100,000 electric vehicles (EVs) abroad in the first quarter of 2023. The company’s combined global EV sales during this period were 135,499 units, with domestic sales of 39,982 units and overseas sales of 104,517 units. Flagship EV models, such as the Hyundai Ioniq 5 [...]
SEOUL, April 14 (Korea Bizwire) — The commission income earned by banks from virtual asset exchanges in Korea was halved last year due to the market downturn. The five major virtual asset exchanges, including Upbit and Bithumb, paid a total of 20.4 billion won (US$15.5 million) to banks that signed contracts to issue real-name accounts in [...]
INCHEON, April 16 (Korea Bizwire) —A proposal by the local government of Incheon to establish a feeding station for stray cats in a public park has triggered a contentious debate among residents. The plan, which is currently under consideration, would involve the selection of a park in Sangok-dong for a three-month pilot program slated to [...]
CHEONGDO, April 16 (Korea Bizwire) — The Cheongdo Bullfighting Festival, which resumed for the first time in four years on April 14, has sparked controversy over animal abuse. Despite its deep roots in Korea’s agricultural culture, animal protection groups are criticizing the festival’s organizers for feeding herbivorous cows animal feed and using harsh training methods [...]
ULSAN, April 15 (Korea Bizwire) —The city of Ulsan in South Korea is expanding its electric vehicle (EV) charger supply program this year. From 2017 to 2021, the city supplied a total of 3,748 EV chargers for public and non-public use. The number of EVs in Ulsan increased by 293% in 2021 compared to the [...]
SEOUL, April 14 (Korea Bizwire) – About half of South Koreans feel that a recent incident involving ChatGPT leaking a list of conversations it had with other users is a serious issue. Local pollster THEPOL conducted a survey of 26,137 South Koreans, in which 48 percent said that ChatGPT’s recent leak of the list of [...]
ULSAN, April 14 (Korea Bizwire) – Three people in their thirties were given probation for taking drugs and causing a commotion in broad daylight at a campground. A, who stood trial on Friday for violating the Narcotics Control Act, received a sentence of three years in prison and five years of probation. B and C, the other [...]