JEJU, Oct. 30 (Korea Bizwire) – Jeju Island announced on October 30 that it will begin the nation’s first commercial sales of green hydrogen at the Hamdeok Green Hydrogen Station in Hamdeok-ri, Jocheon-eup, Jeju City, starting December 1. The fuel will be available for hydrogen-powered passenger cars and buses. Green hydrogen, produced by splitting water through [...]
SEOUL, Oct. 30 (Korea Bizwire) – With the U.S. presidential election just a week away, American protectionist policies appear to be intensifying, creating complex calculations for South Korean companies trying to maintain their competitive edge in a rapidly evolving global market. While U.S.-China tensions are expected to continue regardless of who wins, the candidates’ divergent approaches [...]
SEJONG, Oct. 30 (Korea Bizwire) – Two decades after launching an ambitious species restoration project, South Korea has succeeded in bringing its native Asiatic black bears, also known as moon bears, back from the brink of extinction. The population has grown to approximately 80 bears in the wild, marking a significant conservation milestone. These bears, which [...]
SEOUL, Oct. 30 (Korea Bizwire) – A new survey has revealed that 60.5% of South Korean college students and recent graduates are “passive job seekers,” highlighting growing concerns about the country’s employment market for young people. The Federation of Korean Industries (FKI) surveyed 2,938 students and graduates from four-year universities nationwide for their “2024 University Student [...]
SEOUL, Oct. 30 (Korea Bizwire) – A government investigation has revealed dramatic price hikes at hotels and lodging facilities during South Korea’s peak summer season, particularly around major music festivals and local cultural events. The Korea Consumer Agency disclosed its findings on October 29 after examining prices at 347 accommodations listed on booking platforms. The investigation [...]
SEOUL, Oct. 30 (Korea Bizwire) – A South Korean court has ruled that redesigning luxury products without permission constitutes trademark infringement, dealing a blow to the growing fashion upcycling industry. The Patent Court of Korea upheld a lower court’s decision against a craftsman who reconstructed Louis Vuitton bags into new designs, ordering him to pay 15 [...]
SEOUL, Oct. 30 (Korea Bizwire) – The South Korean government has announced plans to allow the use of rural temporary shelters on farmland to extend beyond their current 12-year maximum limit, marking a significant shift in rural housing policy. The Ministry of Agriculture, Food and Rural Affairs revealed on October 29 that it would amend the [...]
SEOUL, Oct. 29 (Korea Bizwire) – Major South Korean hotels are finding success with a dual-purpose strategy of hosting concerts, effectively boosting both marketing impact and occupancy rates. Hanwha Resort Seorak Sorano has hosted the Waterbomb Sokcho festival for two consecutive years, drawing over 15,000 attendees this year, according to industry sources on October 28. The [...]
SEJONG, Oct. 29 (Korea Bizwire) – South Korea’s exports, long considered the backbone of its economy, are showing signs of weakness, amplifying concerns about the country’s economic outlook. The possibility of a Donald Trump victory in the U.S. presidential election, with his promises of aggressive tariff policies, is raising additional concerns about the recovery of exports [...]
SEOUL, Oct. 29 (Korea Bizwire) – A team from the Korea Advanced Institute of Science and Technology (KAIST) has once again claimed victory in the global arena with innovative wearable robotic technology designed to assist people with disabilities. The team, comprising KAIST’s Exo Lab, Move Lab, and Angel Robotics, led by professor Kong Kyoungchul of the [...]