SEOUL, Feb. 24 (Korea Bizwire) — South Korean carmakers are facing a crisis as the global automaking industry is being hit by a shortage of semiconductors. Hyundai Motor Co. and affiliate Kia Corp. are checking the stocks of semiconductors each week, adjusting manufacturing plans to prioritize the production of cars with ample stock of automotive [...]
SEOUL, Feb. 24 (Korea Bizwire) — As the vegan market begins to grow in South Korea, large conglomerates are jumping into what used to be considered a niche market. Burger King began selling Plant-Based Whoppers on Monday, which feature plant-based patties instead of beef. The plant-based burger patties, developed jointly with an Australian alternative meat [...]
SEOUL, Feb. 24 (Korea Bizwire) – Shipments of the first batch of COVID-19 vaccines for South Koreans began Wednesday as health authorities gear up to launch a public inoculation program later this week. The inaugural shipments of vaccines developed by British-Swedish pharmaceutical giant AstraZeneca were made at a drug manufacturing plant of SK Bioscience Co. [...]
SEOUL, Feb. 24 (Korea Bizwire) — Starting from professional volleyball, the recent school bullying scandal has now engulfed the South Korean entertainment scene, with names of a number of K-pop stars and film and TV actors making headlines across the country. Last week, volleyball players, including popular twin sisters Lee Jae-yeong and Lee Da-yeong of [...]
SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it will replace batteries in some 82,000 Kona EV and two other electric vehicles sold globally due to potential fire risks, which could cost about 1 trillion won (US$899.7 million). Hyundai will begin the replacement of the battery management system (BMS) in 75,680 Kona [...]
SEOUL, Feb. 24 (Korea Bizwire) — Spring is just around the corner, but almost all spring blossom and cultural festivals across the country are likely to be called off for the second consecutive year amid little signs of a letup in coronavirus outbreaks, officials said Wednesday. Many local governments have already decided to cancel their [...]
SEOUL, Feb. 24 (Korea Bizwire) – The prices of imported fruits and beef in South Korea are higher than in any other country, a consumer advocacy group said Tuesday. Consumers Korea had compared the prices of 25 imported items in cities of 10 major countries and found that the prices of nine imported items, including [...]
SEOUL, Feb. 23 (Korea Bizwire) — South Korean gas stations are on the brink of a financial crisis after being hit hard by COVID-19 last year. The Korea National Oil Corporation and Korea Oil Station Association reported that 96 gas stations across the country closed down last year, double the number reported in 2019. The [...]
SEOUL, Feb. 23 (Korea Bizwire) – Hyundai Motor Co.’s luxury car brand Genesis said Monday that it will diversify its monthly car subscription service in light of the price range and type of vehicle by adding a new option that allows users to subscribe to only one type of car. Genesis Spectrum, launched in 2018, is the country’s [...]
SEOUL, Feb. 22 (Korea Bizwire) — Elderly women in Berlin are once again stepping up to protect the Statue of Peace. Omas Gegen Rechts, a German civic group, held a rally in front of the Statue of Peace in the German capital on Friday (local time), joined by some 50 senior women and Koreans. The [...]