SEOUL, June 20 (Korea Bizwire) – McDonald’s Korea, the local unit of fast food giant McDonald’s Corp., said Thursday it has been forced to halt sales of french fries because of concerns about “substandard” frozen potato. In a statement, McDonald’s Korea said, “Due to an unexpected issue within our supply chain, we are temporarily unavailable [...]
SEOUL, June 20 (Korea Bizwire) – The South Korean government said Thursday it will reconsider its stance on arms supply to Ukraine after North Korea and Russia signed a treaty that involves a mutual pledge to provide immediate military assistance if one of them is attacked. National Security Advisor Chang Ho-jin also expressed regret over [...]
SEOUL, Jun. 20 (Korea Bizwire) – A survey by the Korea Enterprises Federation has revealed that 7 out of 10 office workers in their 20s, 30s, and 40s are considering changing jobs, underscoring the shifting employment landscape in South Korea. The Employee Turnover Trend Survey, conducted with the participation of 1,500 full-time employees aged 20 to [...]
SEOUL, June 20 (Korea Bizwire) – Samsung Electronics Co. on Thursday unveiled the industry’s first hybrid refrigerator using semiconductor elements and artificial intelligence to improve energy efficiency and performance. The new Bespoke AI Hybrid Refrigerator adopts a hybrid cooling method that combines Peltier modules, along with a traditional compressor. Peltier modules, or thermoelectric modules, are [...]
SEOUL, Jun. 20 (Korea Bizwire) – As high interest rates and soaring inflation persist, domestic consumption in South Korea has been on a downward trajectory for five consecutive months, according to BC Card. The credit card company reported on June 19 that sales across seven major sectors have declined month-over-month compared to the same period last [...]
SEOUL, Jun. 20 (Korea Bizwire) – Samsung Electronics announced on June 19 that it swept 11 categories, the highest number of awards, at InfoComm 2024, the largest display exhibition in North America, held from the June 12 to 14 in Las Vegas. Samsung Electronics said that the new products and solutions unveiled at the exhibition received [...]
SEOUL, Jun. 20 (Korea Bizwire) – CJ CheilJedang, a leading food company in South Korea, has taken an active stance in upcycling, repurposing wheat bran, a byproduct of flour milling, as an ingredient in bread products. The company announced on June 19 that it is expanding synergies by investing in two food startups, Re:Harvest and SnE [...]
GUNSAN, Jun. 20 (Korea Bizwire) – The city of Gunsan in South Korea is gaining recognition as the nation’s craft beer capital, drawing attention to its upcoming Gunsan Brews & Blues Festival. The event showcases Gunsan’s unique approach to brewing, utilizing locally produced malt from start to finish – from cultivating the grains to fermenting the [...]
SEOUL, Jun. 19 (Korea Bizwire) – Federal prosecutors in South Korea have charged former Samsung Electronics employees with stealing corporate secrets and funneling sensitive information to a shell company run by an ex-executive, in a case that exposes potential vulnerabilities at one of the world’s largest technology firms. The allegations center on Ahn Seung-ho, Samsung’s former [...]
DAEGU, Jun. 19 (Korea Bizwire) – A hotel fitness center in Daegu, South Korea, has ignited a controversy after imposing restrictions on members aged 76 and older, citing safety concerns. According to news reports on June 18, a notice posted at the entrance of a four-star hotel’s health club in Bango-dong stated that “due to frequent [...]