SEOUL, Nov. 19 (Korea Bizwire) – In a significant shift within South Korea’s retail landscape, companies are rapidly expanding their rapid delivery services beyond traditional e-commerce boundaries, with offerings ranging from same-day delivery to dawn delivery and motorcycle-based quick commerce. Naver, which alongside Coupang forms the dual powerhouse of South Korean e-commerce, is planning to launch [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korean cosmetics companies are rolling out smaller-sized products to capture the growing market of Generation Z and Alpha consumers, who are increasingly seeking affordable ways to experiment with beauty products. Daiso, a popular discount retailer, reported a dramatic surge in cosmetics sales for January through October this year, with [...]
SEOUL, Nov. 19 (Korea Bizwire) – In a novel approach to corporate social responsibility, a South Korean advertising agency is breathing new life into a community bathhouse, transforming it into what is being called “the world’s safest bathhouse” for elderly residents. Innocean, a marketing communications company led by CEO Lee Yongwoo, is undertaking a complete renovation [...]
SEOUL, Nov. 19 (Korea Bizwire) – The fortunes of South Korea’s three mid-sized automakers—GM Korea, KG Mobility, and Renault Korea—continue to hinge on the success of individual vehicle launches, with the pattern showing no signs of abating in 2024. The trend began with KG Mobility (formerly SsangYong Motor) riding high on its Torres SUV in 2022, [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korea’s hybrid vehicle registrations are poised to hit an all-time high this year, reflecting both growing environmental consciousness and a temporary plateau in electric vehicle demand. According to data from the Carisyou data research institute, hybrid vehicle registrations from January to October reached 311,769 units, a 24.8% increase from [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korea’s inheritance tax system, among the highest in developed nations, is hampering business continuity and economic dynamism, according to a new report released on November 18 by the Korea Chamber of Commerce and Industry (KCCI). The report, “Five Reasons Why Inheritance Tax Reform is Necessary,” comes as the government’s [...]
SEOUL, Nov. 19 (Korea Bizwire) – In an innovative approach to tackle coffee capsule waste, South Korea’s postal service is transforming its nationwide network into a recycling infrastructure for used coffee capsules. Korea Post announced on November 18 that it has launched a nationwide collection program for used coffee capsules, following a July partnership agreement with [...]
ULSAN, Nov. 19 (Korea Bizwire) – South Korean researchers have developed a revolutionary skin patch that maintains strong adhesion during vigorous physical movement while being easily removable without irritation, potentially changing the future of wearable medical devices. The breakthrough, announced on November 18 by the Ulsan National Institute of Science and Technology (UNIST), comes from a [...]
SEOUL, Nov. 18 (Korea Bizwire) – In a breakthrough that could significantly reduce food waste, South Korean agricultural researchers have developed and patented a novel technology using magnetic resonance imaging (MRI) to predict the quality of stored onions. The Rural Development Administration (RDA) announced on November 18 that the new technology addresses a persistent problem in [...]
SEOUL, Nov. 18 (Korea Bizwire) – A quadrupedal robot developed by the Korea Advanced Institute of Science and Technology (KAIST) has become the first of its kind to complete a full marathon, marking a significant milestone in robotics technology. The robot, named Raibo2, finished the 2024 Sangju Persimmon Marathon’s full course (42.195 km) in 4 hours, [...]