LOS ANGELES, March 2 (Korea Bizwire) — South Korea’s leading automaker Hyundai Motor Co. saw its U.S. sales drop nearly 9 percent in February from a year earlier due to bad weather, company data showed Tuesday. Hyundai Motor sold 48,333 vehicles last month, down 8.8 percent from a year earlier, according to the data from Hyundai [...]
SEOUL, March 3 (Korea Bizwire) – Samsung Electronics Co. on Wednesday introduced its 2021 TV lineup, which includes new Mini LED and Micro LED TVs in various sizes, as the South Korean tech giant eyes to cement its leadership in the global TV market. The world’s largest TV maker said at its Unbox & Discover [...]
SEOUL, March 3 (Korea Bizwire) — The number of South Koreans in their 30s who opt to directly invest in stocks rather than other types of financial assets is increasing at a rapid pace. Rep. Yoo Gyeong-joon of the main opposition People Power Party recently analyzed investment data from Statistics Korea. The analysis showed that [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s department stores have seen a spike in sales of cosmetics after the government lifted restrictions on the use of samples. To comply with the government’s infection-control measures, department stores stopped the use of samples within outlets from December 24 last year. Such restrictions, however, were lifted on [...]
SUWON, March 3 (Korea Bizwire) — The families of comfort women are urging the government to enact a special law to prevent historical distortion and absurd statements. Comfort women is a euphemism used to refer to those who suffered under Japan’s military brothel system before and during World War II. On Tuesday, the families of [...]
SEOUL, March 2 (Korea Bizwire) – South Korea’s five major conglomerates announced Tuesday they plan to invest 43 trillion won (US$38.2 billion) in the hydrogen industry in the latest move to meet the growing demand for the energy source. Under the plan, SK, Hyundai Motor, POSCO, Hanwha and Hyosung will build a wide range of [...]
SEOUL, March 2 (Korea Bizwire) — The primary reason for indebtedness among those who filed for individual bankruptcy and indemnity through the Seoul Metropolitan Government was living expenses, a data showed Monday. The Seoul Welfare Foundation investigated the living conditions of 1,108 debtors who filed for individual bankruptcy and indemnity through the foundation last year. [...]
SEOUL, March 2 (Korea Bizwire) — South Korean men married to foreign women tend to be more cooperative than others when it comes to rearing a child or doing chores at home. Kim Seok-yeong, holding a master’s degree from Ewha Women’s University, studied 2,998 multicultural couples from the 2015 Family Survey and 11,744 multicultural couples [...]
SEOUL, March 2 (Korea Bizwire) — Foreign nationals employed by farms and fisheries will be eligible for health insurance upon arrival in the country, the labor ministry said Tuesday. The Ministry of Employment and Labor announced a set of measures aimed at improving working conditions of foreigners, jointly with the ministries of health, agriculture, and [...]
SEOUL, March 2 (Korea Bizwire) — Hyundai Motor Group said Tuesday it will build its first overseas hydrogen fuel-cell systems plant in China by next year to make inroads into the local hydrogen vehicle market. Hyundai Motor began construction of the HWO Gwangzhou hydrogen fuel-cell systems plant with an aim to initially produce 6,500 units [...]