SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Group reported its highest-ever annual sales in the United States last year, cementing its position as the fourth-largest automaker in the market for the second consecutive year. The group, which includes Hyundai, Kia, and the luxury Genesis brand, sold 1,708,293 vehicles in the U.S. in 2024, a [...]
SEOUL, Jan. 5 (Korea Bizwire) — Solo households have surged to make up over a third of all residences in the city, according to a report released by the Seoul Welfare Foundation. As of 2024, the city recorded 1.63 million single-person households, comprising 36.4% of all households, marking a significant and steady increase in recent [...]
SEOUL, Jan. 4 (Korea Bizwire) — Amid heightened global and domestic uncertainties, South Korea’s ten largest conglomerates focused on “competition” and “customers” as the most frequently mentioned themes in their 2025 New Year messages, reflecting a commitment to bolstering technological competitiveness to navigate economic challenges. A study by corporate data research firm CEO Score revealed that [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korea entered 2025 as a “super-aged society,” with over 20% of its population aged 65 or older, according to data from the Ministry of the Interior and Safety. While the birth rate rebounded slightly in 2024 for the first time in nine years, the nation continues to grapple with [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korea’s population distribution continues to tilt heavily toward the Seoul metropolitan area, with the gap between urban and rural populations reaching an all-time high in 2024, according to government data released on January 3, 2025. The Ministry of the Interior and Safety’s population statistics show that the metropolitan area, [...]
SEOUL, Jan. 4 (Korea Bizwire) —The release of Squid Game Season 2 propelled Netflix to achieve its highest-ever app user numbers in South Korea last month, according to industry reports. Data from WiseApp, Retail, and Goods revealed that during the fourth week of December 2024, Netflix’s app saw 9.75 million users in South Korea, a [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korea’s five major automakers saw domestic sales in 2024 fall to their lowest level in 16 years, amid high interest rates and weakening demand for vehicles, including electric cars. Despite the slump, Kia achieved a milestone as its Sorento SUV became the nation’s best-selling car—the first time a recreational [...]
GWANGJU, Jan. 3 (Korea Bizwire) —On January 3, 2025, as South Korea’s High-Ranking Officials’ Crime Investigation Agency (CIO) attempted to execute an arrest warrant against President Yoon Suk-yeol on charges of insurrection, a symbolic gesture captured national attention. At Gwangju City Hall, a Virginia state flag—known for its historical association with resistance against tyranny—was raised, [...]
SEOUL, Jan. 3 (Korea Bizwire) — In their New Year’s messages, chief executives of South Korea’s three major telecommunications companies and leading platform and gaming firms highlighted plans to expand artificial intelligence operations and boost revenue generation in 2025. The heads of the telecom companies unanimously identified AI achievements as their primary objective for the coming [...]
SEOUL, Jan. 3 (Korea Bizwire) — Ashley Queens and Outback Steakhouse, two leading casual dining chains in South Korea, have achieved a retail milestone by establishing locations in all three major department store groups – Lotte, Shinsegae, and Hyundai – marking the first time both restaurants have accomplished this feat. According to industry sources, Eland Eats [...]