SEOUL, April 1 (Korea Bizwire) — CU has opened its first outlet in Malaysia as part of its overseas push, the operator of South Korea’s top convenience store chain said Thursday. The 165-square-meter outlet started operations at a shopping mall in a middle-class neighborhood in the Malaysian capital of Kuala Lumpur, according to BGF Retail [...]
SEOUL, April 1 (Korea Bizwire) — As part of efforts to regulate the use of one-off disposable items, the South Korean government has decided to ban all accommodations with more than 50 rooms from providing single-use amenities, effective from next year. Against this backdrop, the nation’s hotel industry is speeding up efforts to prepare for [...]
SEOUL, April 1 (Korea Bizwire) — On Wednesday, the Korea Legal Aid Center for Family Relations, a provider of free legal consultation services, unveiled statistics and analysis on the legal aid it extended last year with respect to lawsuits to secure child support payments. Among the 151 cases of legal aid, the number of lawsuits [...]
YONGIN, March 31 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Wednesday it will seek to transform itself from a traditional auto parts maker into a future mobility services and platform provider. “Auto parts makers are required to make a structural reform in their business portfolios as carmakers are integrating [...]
SEOUL, March 31 (Korea Bizwire) — Producers of the popular Korean TV series “Vincenzo” said Wednesday that they will remove the controversial scene featuring a Chinese product from overseas streaming services amid rising domestic anger over Chinese sponsorship. In the eighth episode of the dark comedy that aired on March 14 on tvN, an instant [...]
SEOUL, March 31 (Korea Bizwire) — YouTube Music ranked as the second-most popular music streaming platform among South Korean Android users last month, with listeners on the platform more than doubling from the previous year, data showed Wednesday. The music streaming service from YouTube had 2.61 million users in February, compared with just 1.22 million [...]
SEOUL, March 30 (Korea Bizwire) — South Korean steelmaker POSCO announced Monday that it had recently purchased approximately 64,000 tons of carbon-neutral liquified natural gas (LNG). Carbon-neutral LNG emits zero carbon by canceling all carbon dioxide emitted throughout all phases of production and supply of natural gas with carbon credits earned through forestry or other [...]
SEOUL, March 30 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it will suspend production at a domestic plant that produces the IONIQ 5 all-electric model due to a chip shortage. Hyundai plans to halt the operation of the No. 1 plant in Ulsan, 414 kilometers southeast of Seoul, which also produces the Kona subcompact [...]
SEOUL, March 30 (Korea Bizwire) — A global semiconductor chip shortage is set to spill over into Korean automakers as well, raising concerns that a prolonged supply glitch may derail local carmakers off track amid the pandemic. The chip shortage stems from multiple factors such as chipmakers shuttering plants or cutting production due mainly to [...]
SEOUL, March 30 (Korea Bizwire) — The number of traffic casualties on roads with roundabouts fell by about one third after roundabouts were installed, a government data showed Monday. On Monday, the Ministry of the Interior and Safety and the Ministry of Land, Infrastructure and Transport revealed the results of an analysis of the operational [...]