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Kia Reports Record EV Sales in 2024, Driven by Strong North American Performance

Kia Reports Record EV Sales in 2024, Driven by Strong North American Performance

SEOUL, Jan. 19 (Korea Bizwire) — Kia Motors achieved its highest-ever electric vehicle (EV) sales in 2024, fueled by robust demand in North America and the success of its large EV models, including the EV9. The company’s global EV sales from January to November reached 184,852 units, a 10.9% increase from the same period in 2023. [...]

Naver Breaks Into the 10-Trillion-Won Club as Kakao Eyes a Comeback

Naver Breaks Into the 10-Trillion-Won Club as Kakao Eyes a Comeback

SEOUL, Jan. 19 (Korea Bizwire) —  Naver, South Korea’s leading internet platform company, is expected to surpass 10 trillion won ($7.6 billion) in annual revenue for 2024, setting a new record. According to financial projections compiled by Yonhap Infomax, Naver’s revenue for last year is estimated to have grown by 10.15% to reach 10.65 trillion won, [...]

Hyundai Unveils Tailored EV Solutions for India’s Mobility Needs

Hyundai Unveils Tailored EV Solutions for India’s Mobility Needs

SEOUL, Jan. 19 (Korea Bizwire) —  Hyundai Motor Company revealed its vision for India’s micro-mobility market at the Bharat Mobility Global Expo 2025, showcasing concept models for three-wheeled and compact four-wheeled electric vehicles (EVs) designed specifically for the country’s unique transportation landscape. Micro-mobility, encompassing electric motorcycles and ultra-compact EVs, plays a critical role in regions like [...]

Historic Arrest: President Yoon Becomes First Sitting South Korean Leader Detained

Historic Arrest: President Yoon Becomes First Sitting South Korean Leader Detained

SEOUL, Jan. 20  (Korea Bizwire) — South Korean President Yoon Suk-yeol has been formally detained following the issuance of a detention warrant on January 19, 2025, making him the first sitting president to be arrested as he faces allegations of insurrection.  Yoon is expected to be moved to a solitary cell measuring approximately 3 square [...]

Geoje City Emerges as a Hotspot for Film and TV Production

Geoje City Emerges as a Hotspot for Film and TV Production

GEOJE, South Korea,  Jan. 18 (Korea Bizwire) — Once known primarily as a shipbuilding hub, Geoje City in South Gyeongsang Province is gaining new recognition as a premier filming location for movies and television dramas. According to city officials, over 120 productions—including dramas, films, and variety shows—have been shot in Geoje since 2017. One of the most [...]

Rising Concerns Over Alopecia Areata: Beyond Hair Loss to Broader Health Impacts

Rising Concerns Over Alopecia Areata: Beyond Hair Loss to Broader Health Impacts

SEOUL, Jan. 18  (Korea Bizwire) — Alopecia areata, a common autoimmune disorder causing sudden hair loss, is drawing heightened medical attention in South Korea due to its severe physical and psychological impacts. According to the Korean Hair Research Society (KHRS), approximately 180,000 patients sought treatment for alopecia areata in 2024, with severe cases affecting between 9,000 [...]

Rising Industrial Robot Accidents Highlight Urgent Need for Workplace Safety

Rising Industrial Robot Accidents Highlight Urgent Need for Workplace Safety

SEOUL, Jan. 18  (Korea Bizwire) — As the use of industrial robots grows across South Korean workplaces, so too does the number of related workplace accidents, sparking calls for stronger safety measures. According to the Korea Occupational Safety and Health Agency (KOSHA), industrial robot-related accidents resulted in 10 fatalities between 2020 and August 2024. All victims [...]

South Korea and Westinghouse Forge Nuclear Alliance to Expand Global Market Reach

South Korea and Westinghouse Forge Nuclear Alliance to Expand Global Market Reach

SEOUL, Jan. 18 (Korea Bizwire) — In a significant strategic shift, Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corporation (KEPCO), and U.S.-based Westinghouse Electric Company have agreed to set aside ongoing intellectual property disputes and jointly pursue global nuclear power projects under the newly formed “Team KORUS” alliance. Though the specific terms of the [...]

Traditional Fish-Shaped Pastry ‘Bungeoppang’ Vendors Vanish Amid Rising Costs and Crackdowns

Traditional Fish-Shaped Pastry ‘Bungeoppang’ Vendors Vanish Amid Rising Costs and Crackdowns

DAEGU, South Korea, Jan. 18  (Korea Bizwire) — The once-familiar aroma of freshly baked fish-shaped pastries, known as bungeoppang, is becoming increasingly rare on South Korean streets this winter. Strengthened enforcement against unauthorized street vending and soaring ingredient prices have led to a noticeable decline in these traditional winter snack stalls. A recent survey of Daegu’s [...]

A Move Raised to Strengthen Copyright Protection for K-Pop Choreography

A Move Raised to Strengthen Copyright Protection for K-Pop Choreography

SEOUL, Jan. 18  (Korea Bizwire) — As K-pop continues to dominate global music charts, South Korea is taking steps to bolster copyright protections for choreography that has fueled the genre’s meteoric rise. A recent study by the Korea Copyright Commission underscores the need to safeguard the intellectual property rights of choreographers behind iconic dance routines, such [...]