SEOUL, Nov. 8 (Korea Bizwire) – In a significant demographic shift, 1 in 10 marriages in South Korea last year was multicultural, while children born to multicultural families accounted for 5.3% of all births, according to statistics released on November 7 by Statistics Korea. The annual report on multicultural population dynamics revealed that multicultural marriages increased [...]
SEOUL, Nov. 8 (Korea Bizwire) – In a significant move that cements his position among South Korea’s most successful entrepreneurs, Bom Kim, the founder and executive chairman of Coupang, has announced plans for a major stock sale, fourteen years after founding the company and three years after its landmark NYSE debut. Kim, who moved to the [...]
SEOUL, Nov. 8 (Korea Bizwire) – BMW Korea announced on November 7 the domestic launch of its facelifted second-generation 4 Series, the New 4 Series Gran Coupé, which the company says strikes a balance between sporty aesthetics and luxury refinement. The updated model features distinctive design elements that emphasize its dynamic character, including arrow-shaped daytime running [...]
SEOUL, Nov. 8 (Korea Bizwire) – Mercedes-Benz Korea has announced the introduction of its first electrified G-Class model, the “All-New Mercedes-Benz G580 with EQ Technology,” marking a significant evolution in its premium SUV lineup. The company revealed on November 7 that it will initially release 70 units of a distinctive limited edition model, the “Edition One,” [...]
SEOUL, Nov. 8 (Korea Bizwire) – A Chinese national and former SK Hynix employee has been sentenced to 18 months in prison and fined 20 million won for misappropriating critical semiconductor technology before taking a position at Huawei. The Yeoju branch of the Suwon District Court found the 36-year-old female defendant guilty of violating South Korea’s [...]
SEOUL, Nov. 7 (Korea Bizwire) — Donald Trump’s return to the White House is expected to have a significant impact on the export-driven South Korean economy and increase market volatility as he has warned of protectionist policies, decoupling from China and other drastic policy shifts across the board, experts said Thursday. “If the policy stance [...]
GWANGJU, Nov. 7 (Korea Bizwire) – Major restaurant chains are increasingly incorporating regional agricultural and seafood products into their new menu items, creating a win-win situation that benefits both local farmers and corporate image. South Jeolla Province announced on November 6 that Banolim Pizza will launch its Yeongam Fig Gorgonzola Pizza featuring Yeongam figs and Goheung [...]
SEJONG, Nov. 7 (Korea Bizwire) – The Seoul Main Customs Office announced on November 6 that it had caught 13 dentists who smuggled 11,349 pieces of unauthorized dental equipment (worth approximately 140 million won) into South Korea and used them on patients. The dentists are accused of making 1,184 separate purchases of dental equipment through AliExpress [...]
SEOUL, Nov. 6 (Korea Bizwire) – The number of South Koreans opting to remain economically inactive without specific reasons has gone up by 245,000 this year amid tough job market conditions and economic uncertainties, the statistics agency said Wednesday. The total number of economically inactive individuals came to 16.21 million as of August, up 48,000 [...]
SEOUL, Nov. 5 (Korea Bizwire) – The average wedding gift money in South Korea has risen to 90,000 won, reflecting a 23% increase since 2021, according to recent data analysis by KakaoPay of its digital money transfer envelope service. The mobile payment provider’s analysis, released on November 4, shows a steady upward trend in wedding gift [...]