CHANGWON, Nov. 21 (Korea Bizwire) – A group of individuals has been charged with orchestrating an elaborate scheme that placed Kenyan marathon runners in illegal employment at seafood farms along South Korea’s southern coast, the Changwon Coast Guard announced on November 19. According to authorities, a 29-year-old marathon runner affiliated with a local sports association has [...]
DAEJEON, Nov. 21 (Korea Bizwire) – The ambitious plan to bring a Starbucks Reserve Roastery to a historic former government building in Daejeon has been scrapped, Mayor Lee Jang-woo announced during a city briefing on November 19. “We are discontinuing our pursuit of the Starbucks Reserve Roastery and will instead focus on restoring the former Daejeon [...]
SEOUL, Nov. 20 (Korea Bizwire) – South Korean regulators have blocked nearly 2,000 product listings from Chinese e-commerce platforms AliExpress and Temu since May, citing safety violations that threaten consumer well-being. This move underscores the growing challenges posed by cross-border e-commerce amid its meteoric rise in the country. A Surge in Unsafe Products From May to [...]
SEOUL, Nov. 20 (Korea Bizwire) – South Korean e-sports star Faker said Wednesday that his past failures taught him valuable lessons that shaped who he is today, encouraging young people to embrace challenges with passion. The professional League of Legends (LoL) player, whose real name is Lee Sang-hyeok, made the remarks at an event in [...]
SEOUL, Nov. 20 (Korea Bizwire) – A recent study by Chung-Ang University Hospital reveals that intermittent fasting is significantly more effective than continuous calorie-restricted diets in reducing fatty liver caused by metabolic abnormalities. This condition, closely linked to obesity, high cholesterol, and diabetes, can progress to serious complications such as hepatitis, liver cancer, and cardiovascular-related deaths [...]
SEOUL, Nov. 20 (Korea Bizwire) – Outstanding credit card loans have risen sharply to reach an all-time high as of end-October amid tight lending regulations by banks and weak domestic demand, data showed Wednesday. Outstanding loans extended by nine major credit card firms amounted to 42.22 trillion won (US$30.25 billion) as of end-October, the largest [...]
SEOUL, Nov. 20 (Korea Bizwire) – A growing concern over foreign street racers performing dangerous stunts on South Korean roads at night has emerged, with the group brazenly posting videos of their activities and taunting law enforcement on social media. The issue first gained public attention through recent posts on Bobaedream, an online automotive community, detailing [...]
SEOUL, Nov. 20 (Korea Bizwire) – Hyundai and Kia vehicles have been recognized for maintaining excellent value as used cars in the United States, earning high marks for residual value. The automakers announced on November 20 that the Hyundai Kona Electric and Kia Telluride were named winners in J.D. Power’s 2025 U.S. ALG Residual Value Awards. [...]
SEOUL, Nov. 20 (Korea Bizwire) – In a groundbreaking shift that signals South Korea’s gradual departure from its traditional corporate culture, Hyundai Motor Company has named José Muñoz as its first non-Korean chief executive officer in its 57-year history, marking a significant milestone for one of the country’s most prestigious companies. The appointment of Muñoz, who [...]
DONGDUCHEON, Nov. 20 (Korea Bizwire) – A derelict apartment complex that stood as a stark reminder of U.S. military presence for over two decades is getting a new lease on life as a cultural center in Dongducheon, a city north of Seoul. The city announced on November 19 that it will open a new Multi-Cultural Community [...]