HAENAM, South Korea, Feb. 8 (Korea Bizwire) — Haenam County in South Jeolla Province has introduced an expanded financial support system for newborns, ensuring that a child born in 2025 will receive up to 91.56 million KRW ($63,100) in government assistance by the time they turn 18. According to Haenam County officials on February 7, the [...]
SEOUL, Feb. 7 (Korea Bizwire) — BMW has introduced the latest iteration of its all-electric Sports Activity Vehicle (SAV), the ‘New iX,’ marking its global debut. The automaker announced the unveiling on February 7, highlighting significant advancements in power, design, and battery efficiency. The New iX, part of the BMW i sub-brand, incorporates the company’s latest [...]
SEOUL, Feb. 7 (Korea Bizwire) — A new survey has revealed distinct generational preferences in social media use among South Koreans, with younger users gravitating toward Instagram while those over 50 show a stronger affinity for Band. However, KakaoTalk remains the most widely used platform across all age groups. According to the “2024 Social Media User [...]
SEOUL, Feb. 6 (Korea Bizwire) – The government said Thursday it will deploy thermal imaging cameras and bird detection radar systems at all domestic airports to prevent airplane bird strikes following last month’s deadly Jeju Air Co. crash. The Ministry of Land, Infrastructure and Transport reported a comprehensive aviation safety improvement plan to a National Assembly [...]
SEOUL, Feb. 5 (Korea Bizwire) - A comprehensive evaluation of four tablet computers sold in South Korea has identified the Samsung Galaxy Tab S9 FE+ as the leading value-for-money option, offering superior battery life and solid performance for its price point. The Korea Consumer Agency announced on February 4 that its testing revealed significant variations among [...]
SEOUL, Feb. 4 (Korea Bizwire) — The South Korean Ministry of the Interior and Safety announced on February 3 that it will expand benefits for consumers who help identify or frequently patronize businesses designated as “Good Price Shops” — establishments recognized for providing quality goods and services at reasonable prices. Under the new initiative, consumers who [...]
SEOUL, Feb. 4 (Korea Bizwire) — The era of predawn queues for luxury goods appears to be waning among South Korea’s young consumers, who are increasingly turning to budget-friendly alternatives known as “dupes” — affordable replicas of high-end products. The term “dupe,” derived from “duplicate,” refers to cost-effective substitutes for luxury or premium items. According to [...]
SEOUL, Feb. 3 (Korea Bizwire) — The Bank of Korea (BOK) disposed of nearly 3.38 trillion won ($23.1 billion) worth of damaged or contaminated banknotes and coins in 2024, a slight decrease from the previous year. According to a report released on Monday, the central bank discarded approximately 474.89 million currency units last year, down 1.9% [...]
SEOUL, Feb. 3 (Korea Bizwire) — The South Korean auto industry is bracing for significant disruptions after U.S. President Donald Trump announced new universal tariffs on the country’s largest trading partners, including Canada, Mexico, and China. The move is expected to have immediate financial implications for South Korean automakers and suppliers, particularly those that have [...]
SEOUL, Feb. 3 (Korea Bizwire) — Nearly half of South Korean men in their 20s and 30s are classified as obese, while about 30% of young adults are in the pre-diabetes or pre-hypertension stage, according to a new study highlighting alarming health trends among the country’s younger population. The findings, published in a recent issue [...]