SEOUL, Feb. 12 (Korea Bizwire) — Stellantis Korea has pledged to strengthen Peugeot’s position in the South Korean market by introducing improved new models and hybrid technology, signaling a fresh start for the struggling brand. At a press conference held in Seoul’s Gangnam district on February 11, Stellantis Korea CEO Bang Sil stated, “We want [...]
SEOUL, Feb. 12 (Korea Bizwire) — The South Korean government is intensifying its suicide prevention efforts in collaboration with local authorities as suicide deaths are expected to continue their upward trend from last year. The Ministry of Health and Welfare announced on February 11 that Second Vice Minister Park Min-soo held a meeting with deputy governors [...]
SUWON, Feb. 12 (Korea Bizwire) — A specialized scent-tracking police dog has been making headlines with its exceptional performance in locating missing persons, potential suicide victims, and criminal suspects in South Korea. The Gyeonggi Nambu Provincial Police Agency’s forensic science division reported on February 11 that their scent-evidence dog Teo, a three-year-old male Belgian Malinois, has [...]
SEOUL, Feb. 12 (Korea Bizwire) — The Korea Minting and Security Printing Corporation (KOMSCO) has suspended gold bar sales as global demand for the precious metal surges, fueled by renewed fears of a tariff war under newly re-elected U.S. President Donald Trump. On April 10, gold spot prices closed at $2,908.17 per troy ounce, marking the [...]
SEOUL, Feb. 11 (Korea Bizwire) — As hiring at major corporations and public institutions continues to shrink, more than 420,000 young South Koreans have given up on job searching, reflecting a deepening employment crisis among the nation’s youth. According to data released by Statistics Korea on February 10, the average number of employees at businesses with [...]
SEOUL, Jan. 11 (Korea Bizwire) — On the eve of Jeongwol Daeboreum, the first full moon of the lunar year, communities across South Korea gathered for traditional celebrations, including the centuries-old ritual of Daljip Burning (Sheaf burning). This practice, deeply rooted in Korean folklore, involves setting fire to large structures made of straw and pine branches to [...]
BUSAN, Feb. 10 (Korea Bizwire) — A man who attempted to rob a bank with a toy gun was apprehended within two minutes by citizens and bank staff, drawing widespread online satire that likened the incident to recent political rhetoric from President Yoon Suk Yeol. On February 10, a man in his 30s entered a [...]
SEOUL, Feb. 11 (Korea Bizwire) — A recent study by the Korea Consumer Agency has found that all-in-one washer-dryers offer superior cleaning performance compared to conventional drum washing machines, marking a significant advancement in home appliance efficiency. Among the tested models, LG Electronics’ Wash Combo (FH25EAE) demonstrated better washing performance than Samsung’s Bespoke AI Combo (WD25DB8995BB). [...]
SEOUL, Feb. 11 (Korea Bizwire) — Faced with the worst economic downturn in 21 years, South Korean consumers are increasingly turning to supermarkets over big-box retailers, preferring to buy necessities in smaller quantities rather than bulk purchases. According to data from Statistics Korea and industry sources, total retail sales fell by 2.2% in 2024, marking [...]
SEOUL, Feb. 11 (Korea Bizwire) — A new survey has revealed that South Korean adults rate their life satisfaction at just over 50 points out of 100, according to a report released by Lotte Members on February 10. The report, titled “2025 Tomorrow, Us,” which surveyed 5,000 adults, found that respondents gave their overall quality of [...]