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Genesis Named Best Luxury Auto Brand by U.S. News & World Report

Genesis Named Best Luxury Auto Brand by U.S. News & World Report

SEOUL, Nov. 24 (Korea Bizwire) — Genesis, the luxury marque of Hyundai Motor Group, has been named the “Best Luxury Brand” by U.S. News & World Report, the company said Sunday, marking a major milestone as it continues to elevate its global profile. The recognition comes as the American media outlet announced winners across six categories—luxury, [...]

S. Korea Maintains $100 Million Global Health Pledge, Secures Voting Seat on Global Fund Board

S. Korea Maintains $100 Million Global Health Pledge, Secures Voting Seat on Global Fund Board

SEOUL, Nov. 24 (Korea Bizwire) — Despite a global economic downturn and a 14 percent cut to next year’s official development assistance budget, South Korea has pledged US$100 million to the Global Fund to Fight AIDS, Tuberculosis and Malaria—matching its previous commitment and strengthening its standing in international health governance. The announcement was made Friday at [...]

South Korea Opens Carbon Emissions Trading to Brokerage Accounts

South Korea Opens Carbon Emissions Trading to Brokerage Accounts

SEOUL, Nov. 24 (Korea Bizwire) — South Korean companies can now trade carbon emissions permits through securities firms, in a shift designed to make the market more accessible and liquid, the Ministry of Climate, Energy and Environment said Sunday. The change, effective Monday, allows firms to open brokerage accounts and trade emissions rights using the same [...]

Korean Fried Chicken Tops Global Rankings as Most-Loved Korean Food, Survey Finds

Korean Fried Chicken Tops Global Rankings as Most-Loved Korean Food, Survey Finds

SEOUL, Nov. 24 (Korea Bizwire) — Korean fried chicken has emerged as the most frequently eaten and most beloved Korean dish among global consumers over the past year, according to a new international survey released Sunday. The annual overseas Korean food consumption study, conducted by South Korea’s Ministry of Agriculture, Food and Rural Affairs and the [...]

Seoul’s Homeownership Rate Among 30-Somethings Falls to Record Low

Seoul’s Homeownership Rate Among 30-Somethings Falls to Record Low

SEOUL, Nov. 24 (Korea Bizwire) — The number of Seoul households in their 30s without a home climbed to an all-time high last year, even as homeownership among the same age group fell to its lowest level since records began, government data showed Sunday. According to the National Data Office, 527,729 Seoul households headed by someone [...]

In South Korea’s ‘City of Bread,’ a Taxi Driver Builds a Rolling Bakery Tour

In South Korea’s ‘City of Bread,’ a Taxi Driver Builds a Rolling Bakery Tour

DAEJEON, Nov. 22 (Korea Bizwire) — In a city celebrated for its bakeries, one taxi in particular has become a minor sensation among South Korea’s devoted “bread lovers.” The “Daejeon Bread Taxi,” as it reads on the door, offers passengers not just a ride but a curated tour of the city’s best bakeries — complete with [...]

Intruder Subdued by Actress Nana and Mother Ruled Self-Defense, Korean Police Say

Intruder Subdued by Actress Nana and Mother Ruled Self-Defense, Korean Police Say

SEOUL, Nov. 22 (Korea Bizwire) — South Korean police have ruled that actress Nana, formerly of the K-pop group After School, and her mother acted in legitimate self-defense when they overpowered an armed intruder who broke into their home in Guri, northeast of Seoul. The Guri Police Department said on Saturday that the suspect, a man [...]

Weak Yen and Korean LCCs Reshape Japan’s Regional Tourism Economy

Weak Yen and Korean LCCs Reshape Japan’s Regional Tourism Economy

SEOUL, Nov. 22 (Korea Bizwire) — South Korean low-cost carriers are quietly reshaping Japan’s regional tourism map, reviving small provincial airports and injecting new life into local economies as the yen’s prolonged weakness draws budget-minded travelers across the sea. When an Aero K flight from Korea descended into Ibaraki Airport recently, the mood on the ground [...]

Across a Divided Peninsula, a Deep-Rooted Kimjang Tradition Remains Common Ground

Across a Divided Peninsula, a Deep-Rooted Kimjang Tradition Remains Common Ground

SEOUL, Nov. 22 (Korea Bizwire) — Kimchi, long celebrated as a flagship of K-food and a global superfood, is inseparable from kimjang — the centuries-old Korean tradition of preparing and storing large quantities of kimchi in early winter. As temperatures drop, many South Korean households still gather to salt cabbage, mix spices and fill jars in [...]