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COVID-19: S. Koreans Shun Hotels, Sleep in Car Instead

COVID-19: S. Koreans Shun Hotels, Sleep in Car Instead

SEOUL, May 7 (Korea Bizwire) — Outdoor activities are on the rise as the coronavirus outbreak stabilizes in South Korea, but products that help people minimize contact with others are still gaining popularity. WeMakePrice Inc., a local open market operator, said Wednesday that sales of camping gear designed to help people to sleep in their [...]

Gov’t Moves to Convert Commercial Real Estate into Public Housing

Gov’t Moves to Convert Commercial Real Estate into Public Housing

SEOUL, May 7 (Korea Bizwire) — A plan will be implemented to renovate empty offices or shops in downtown Seoul and supply them to single-person households, including car-free youth. Announcing measures to supply housing in the metropolitan area Wednesday, the Ministry of Land, Infrastructure and Transport proposed a solution to renovate empty offices and shops [...]

LG Pins High Hopes on New Smartphone Velvet, Eyes End to Mobile Biz Slump

LG Pins High Hopes on New Smartphone Velvet, Eyes End to Mobile Biz Slump

SEOUL, May 7 (Korea Bizwire) — LG Electronics Inc. on Thursday launched its new smartphone, highlighting fresh design features, as the South Korean tech firm hopes the latest handset can end a long slump in its mobile business. LG Velvet was officially unveiled through an online event amid the novel coronavirus pandemic, with celebrities introducing [...]

IU, Suga’s Collaboration Song ‘Eight’ Becomes Chart Sensation

IU, Suga’s Collaboration Song ‘Eight’ Becomes Chart Sensation

SEOUL, May 7 (Korea Bizwire) — Topping iTunes singles charts in 59 countries and territories Thursday, “Eight,” a high-profile collaboration song between K-pop queen IU and BTS’ Suga, became a chart sensation. Following its official release Wednesday evening, “Eight,” a pop rock number, topped the iTunes singles chart in the United States, France, Singapore, New [...]

E-cigarette Maker Juul Labs to Exit S. Korea 1 yr After Entry

E-cigarette Maker Juul Labs to Exit S. Korea 1 yr After Entry

SEOUL, May 6 (Korea Bizwire) — U.S.-based electronic cigarette maker Juul Labs Inc. said Wednesday that it will pull out of South Korea one year after its launch here following controversies over health concerns. Juul — which packages nicotine salts from leaf tobacco into one-time use cartridges — was launched in the country last May. [...]

Samsung Heir Apologizes over Succession Controversy, Vows to Scrap ‘No Labor Union’ Policy

Samsung Heir Apologizes over Succession Controversy, Vows to Scrap ‘No Labor Union’ Policy

SEOUL, May 6 (Korea Bizwire) — Lee Jae-yong, the heir of South Korea’s top conglomerate Samsung Group, made a rare public apology Wednesday over controversies related to his succession and vowed to scrap the group’s “no labor union” policy. Lee, the eldest son of bedridden Samsung Group chief Lee Kun-hee, also said he will not hand [...]

Tech Giants Take Advantage of Legal Gray Area, to the Detriment of S. Korean Consumers

Tech Giants Take Advantage of Legal Gray Area, to the Detriment of S. Korean Consumers

SEOUL, May 6 (Korea Bizwire) — Global tech companies, which are making huge profits in South Korea, have been criticized for their behavior in the local market, by failing to comply with domestic policies or excluding the country from major services. Netflix Services Korea Ltd., the Korean unit of the U.S. streaming giant, filed a [...]

‘Superficial’ Contact with Immigrants Discourages Multicultural Acceptance

‘Superficial’ Contact with Immigrants Discourages Multicultural Acceptance

SEOUL, May 6 (Korea Bizwire) — Entering into contact with immigrants without proper mutual exchange can instill a sense of caution and negativity among immigrant groups, a recent study revealed. Shin Dong-hun, a researcher at Hanyang University, and Prof. Yang Kyung-eun from Sungkonghoe University conducted a case study of 3,975 people who participated in the [...]