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 [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea has introduced a revised subsidy scheme for electric buses in 2025, offering additional financial incentives to manufacturers of hydrogen and school buses while implementing stricter criteria to prioritize safety and transparency. The move is seen as a response to concerns over the growing presence of Chinese-made electric [...]
SEOUL, Jan. 3 (Korea Bizwire) — Advertising industry experts predict a significant downturn in South Korea’s advertising market this year, citing growing political uncertainties and deteriorating economic conditions. The absence of major sporting events like the Olympics or World Cup has further dampened prospects for market recovery. As concerns mount over economic growth potentially dropping to [...]
ANDONG, South Korea, Jan. 3 (Korea Bizwire) — Police will investigate a drama production team from public broadcaster KBS for allegedly hammering nails at a UNESCO World Heritage site to hang a prop, officials said Friday. Gyeongbuk Provincial Police said a complaint was filed earlier in the day by a person known as a citizen [...]
SEOUL, Jan. 3 (Korea Bizwire) — Samsung Electronics Co. said Friday it will unveil a new television featuring new three-dimensional audio technology developed in partnership with Google at the upcoming CES 2025. The 3D audio technology, Eclipsa Audio, will be integrated into its 2025 TV and soundbar lineup to be premiered at this year’s CES [...]
SEOUL, Jan. 3 (Korea Bizwire) — Five electric vehicle models from Hyundai Motor Group are set to qualify for a $7,500 consumer tax credit under the U.S. Inflation Reduction Act (IRA), a development expected to boost the automaker’s competitiveness in the American market. According to the U.S. Department of Energy, Hyundai’s Ioniq 5, Ioniq 9, [...]
SEOUL, Jan. 3 (Korea Bizwire) — The release of Squid Game 2 on Netflix has ignited global fascination with traditional Korean games, particularly the childhood pastime of “Gonggi,” a variation of jacks. Since its debut on December 26, 2024, the series has captivated audiences worldwide, logging nearly 500 million viewing hours in its first week [...]
SEOUL, Jan. 3 (Korea Bizwire) — A credit rating agency has warned that South Korea could face downward pressure on its sovereign credit rating toward the end of the year due to the government’s decision to expand treasury bond issuance. While global credit rating agencies have indicated that political uncertainties, including martial law and impeachment proceedings, [...]
SEOUL, Jan. 3 (Korea Bizwire) — A South Korean research team has developed a groundbreaking amorphous semimetal material with properties distinct from traditional metals, paving the way for advancements in next-generation semiconductor technology. Researchers at Ajou University, led by Professor Oil Kwon of the Department of Intelligent Semiconductor Engineering and Electronics Engineering, announced on January 3 [...]
SEOUL, Jan. 3 (Korea Bizwire) — In a breakthrough for sustainable recycling, researchers led by Professor Kyung-Jin Kim of Kyungpook National University, in collaboration with CJ CheilJedang, have developed the world’s most efficient biocatalyst for breaking down polyethylene terephthalate (PET) plastics. The Ministry of Science and ICT announced the achievement on January 2, highlighting its potential [...]