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Archive by category Most Viewed

To Stay Competitive, Samsung Widens Doors for Foreign R&D Professionals

SEOUL, Feb. 25 (Korea Bizwire) — Samsung is intensifying its global talent acquisition efforts, launching a recruitment drive aimed at experienced foreign professionals to bolster its research and development (R&D) competitiveness. Beginning this week, ten Samsung affiliates—including Samsung Electronics, Samsung Display, Samsung SDI, Samsung Electro-Mechanics, Samsung SDS, Samsung Biologics, Samsung Bioepis, Samsung C&T, Samsung Engineering [...]

South Korean Construction Industry Crisis Deepens, Threatening Economic Stability

SEJONG, Feb. 25 (Korea Bizwire) — South Korea’s construction industry is facing its worst downturn in years, with employment falling below 2 million workers for the first time since the Covid-19 pandemic, highlighting growing concerns about the broader economic impact of the sector’s prolonged slump. According to the Statistics Korea, construction employment plunged by 169,000 jobs [...]

Small Business Owners See Average 13.3 Pct Drop in Income in 2024: Survey

SEOUL, Feb. 25 (Korea Bizwire) — Small business owners in South Korea saw their income drop more than 10 percent from a year earlier in 2024 amid sluggish consumer sentiment, a poll showed Tuesday. According to the survey conducted by Mono Research from January 20 to February 7 on 500 small business owners, the level [...]

Volvo Launches Next-Generation Dump Trucks in Korea, Enhancing Safety and Efficiency for Tough Terrains

SEOUL, Feb. 24 (Korea Bizwire) — Volvo Construction Equipment Korea (Volvo CE Korea) has announced the launch of its next-generation articulated dump trucks, the A35 and A45, tailored specifically for challenging terrains in the domestic market. The new A35 and A45 models, weighing 35 tons and 42 tons respectively, feature advanced electronic control systems and transmissions [...]

As Inflation Bites, Discount Fashion Outlets Like OPR Surge in Popularity

SEOUL, Feb. 24 (Korea Bizwire) — With persistent high inflation straining consumer budgets, “off-price” retail (OPR) stores in South Korea are experiencing rapid growth, enticing customers with premium brand clothing at discounts of up to 90%. Originally emerging in early 20th-century America, off-price retail involves purchasing surplus or past-season items directly from brand owners and [...]

Travel Agencies Boost Premium Packages to Attract High-End Travelers

SEOUL, Feb. 23 (Korea Bizwire) — In a strategic move to increase profitability and attract new customers, South Korea’s travel agencies are rapidly expanding their offerings of premium package tours. These upgraded travel experiences remove common frustrations found in budget packages, such as mandatory shopping trips, optional tour fees, and guide tipping, instead emphasizing quality and [...]

Companies Shift Talent Preferences Amid Changing Workforce Dynamics

SEOUL, Feb. 21 (Korea Bizwire) — As the business landscape rapidly evolves and the MZ generation (Millennials and Gen Z) enters the workforce, South Korean companies are redefining the qualities they seek in employees, according to a new survey. A recent study by career platform Saramin, released on February 20, surveyed 231 companies and found [...]

Rising Fire Risks Highlight Safety Concerns Over Personal Mobility Batteries

SEOUL, Feb. 21 (Korea Bizwire) — A fatal house fire in Changwon, suspected to have been caused by an electric bicycle battery charger, has reignited concerns over the safety of personal mobility (PM) device batteries, authorities said on February 20. The fire, which broke out on February 14 in Uichang-gu, Changwon, claimed the life of [...]

Economic Downturn Fails to Slow South Korean M&A Push

SEOUL, Feb. 21 (Korea Bizwire) — Despite a prolonged economic downturn and high interest rates, several prominent South Korean mid-sized companies are actively pursuing major mergers and acquisitions, highlighting a shift in corporate strategy. The number of completed M&A deals valued at over 10 billion won in South Korea reached 474 in 2024, marking a 12% [...]

Roborock Unveils Advanced Robot Vacuum Cleaners in South Korea

SEOUL, Feb. 21 (Korea Bizwire) — Roborock, the Chinese home appliance manufacturer, unveiled its latest flagship robot vacuum cleaners, the S9 MaxV Ultra and S9 MaxV Slim, at its 2025 launch event held on February 20 at the Grand InterContinental Seoul Parnas. The company said the new models feature comprehensive improvements in cleaning capabilities, navigation systems, [...]