SEOUL, Jan. 22 (Korea Bizwire) — With just one month remaining until South Korea’s much-debated delivery fee reform takes effect, questions over its effectiveness are growing. Opposition from franchise operators and the rise of “dual pricing” systems among small business owners are fueling concerns that the reform could exacerbate, rather than resolve, industry tensions. Critics [...]
DAVOS & SEOUL, Jan. 22 (Korea Bizwire) — A majority of global CEOs are optimistic about economic growth in the year ahead, according to a new survey by PwC presented at the World Economic Forum in Davos, Switzerland. The survey, which polled 4,701 CEOs across 105 countries, found that 58% expect global economic expansion in [...]
SEOUL, Jan. 22 (Korea Bizwire) — A surge in Chinese exports is stoking tensions across the global industrial landscape, as countries worldwide grapple with an influx of low-priced Chinese goods that many say is disrupting their domestic markets. China’s customs authority reported that exports reached a record 25.5 trillion yuan in 2024, jumping more than 7% [...]
SEOUL, Jan. 22 (Korea Bizwire) — South Korean authorities are raising alarms over a surge in voice phishing scams involving fraudulent credit card deliveries. According to the National Police Agency’s Telecommunication and Financial Fraud Response Center, reports of “card delivery scams” skyrocketed to 6,619 cases in November 2024, a 75-fold increase from just 88 cases [...]
SEOUL, Jan. 22 (Korea Bizwire) — Hyundai Motor Company announced the launch of its 2025 The New Pavise medium-duty truck on January 21, featuring significant upgrades focused on driver comfort and convenience. The Pavise, introduced in August 2019, has been updated with new amenities based on market feedback. The most notable addition to the top-tier Prestige [...]
DAEJEON, Jan. 22 (Korea Bizwire) — The Korea Atomic Energy Research Institute (KAERI) announced on January 21 that it has transferred technology for its ARMstrong high-payload dual-arm robot to Victex, a machinery manufacturing company. The technology transfer agreement includes an upfront payment of 180 million won and a 3% royalty on future sales. Victex, which specializes [...]
SEOUL, Jan. 22 (Korea Bizwire) — Members of South Korea’s National Assembly sharply criticized Coupang Inc.’s founder Kim Bom-suk for his absence from a parliamentary hearing on January 21 focused on improving working conditions for the e-commerce giant’s delivery workers, particularly regarding late-night labor practices. The hearing, held by the Environment and Labor Committee, was attended [...]
SEOUL & LONDON, Jan. 22 (Korea Bizwire) — Samsung Electronics unveiled its latest lineup of AI-powered interactive whiteboards at Bett 2025, Europe’s largest educational technology exhibition, which began on January 22. The event, held in London, draws over 600 companies and 30,000 educators and technology experts from around 130 countries. The 2025 models feature advanced artificial [...]
SEOUL, Jan. 22 (Korea Bizwire) — Coupang, one of South Korea’s largest e-commerce companies, has admitted to maintaining an employment blacklist affecting over 16,000 individuals, following revelations by MBC in February 2024. This marks the first time the company has publicly acknowledged the controversial list, which allegedly barred reemployment of workers and even included journalists critical [...]
SEJONG, Jan. 21 (Korea Bizwire) — South Korea’s customs authorities intercepted a record volume of illegal drugs in 2024, with 862 cases totaling 787 kilograms, enough to supply approximately 26 million doses. This marks a 22% increase in the number of cases and a 2% rise in total weight compared to the previous year, according to [...]