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 [...]
ULSAN, Feb. 25 (Korea Bizwire) — U.S. President Donald Trump’s recent threat to impose steep tariffs on imported vehicles has sent shockwaves through Ulsan, South Korea’s automotive manufacturing powerhouse, where cars account for nearly a third of the city’s exports and form the backbone of the local economy. According to data from the Korea International Trade [...]
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 [...]
MOSCOW, Feb. 24 (Korea Bizwire) – Samsung Electronics has resumed marketing activities in Russia, a significant move following its suspension of operations in response to Russia’s invasion of Ukraine in 2022, according to a recent report by Russian daily Kommersant. Citing data from market analytics firm Telecom Daily, Kommersant reported that Samsung’s marketing activities in Russia [...]
SEOUL, Feb. 24 (Korea Bizwire) — As health-conscious consumers seek healthier lifestyles and weight management strategies in 2025, South Korea is experiencing a surge in popularity of the “slow-aging” diet, which emphasizes low-glycemic and minimally processed foods designed to slow bodily aging and boost mental wellness. Demand for these healthy meal options has significantly increased, especially [...]
SEOUL, Feb. 24 (Korea Bizwire) — In a prestigious mathematics academy in Seoul’s affluent Daechi-dong district, known as South Korea’s “education capital,” an admission question for elementary students recently read: “How many times does the digit ’1′ appear in the sum of the series 9+99+999+…+99999999999999999999 (twenty 9s)?” This was part of the academy’s notoriously difficult [...]
SEOUL, Feb. 24 (Korea Bizwire) — South Korean retail investors’ holdings in U.S. stocks have surpassed $100 billion for the first time, as a new survey reveals that corporate innovation remains the primary attraction driving Korean investors toward American capital markets. According to a survey released on February 23 by the Korea Chamber of Commerce and [...]
SEOUL, Feb. 24 (Korea Bizwire) — A comprehensive survey has revealed that South Korean adults predominantly define a “good death” as one free from physical pain and that doesn’t burden family members with prolonged caregiving responsibilities. The study, conducted by the Korea Institute for Health and Social Affairs (KIHASA), found that nine out of 10 respondents [...]
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 [...]
SEOUL, Feb. 24 (Korea Bizwire) — Every additional hour spent daily on digital screens—such as smartphones, tablets, computers, or televisions—increases the risk of developing myopia (nearsightedness) by 21%, according to a new study. A research team led by Professor Kim Young-kook from Seoul National University’s Department of Ophthalmology presented these findings in a systematic review [...]