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Hyundai Unveils Comprehensive Electric Vehicle Care Program to Boost Adoption

Hyundai Unveils Comprehensive Electric Vehicle Care Program to Boost Adoption

SEOUL, Sept. 3 (Korea Bizwire) – Hyundai Motor Company announced on September 3 the launch of EV Every Care Plus, a program designed to provide integrated management of customers’ electric vehicle lifestyles. The South Korean automaker stated that the program aims to alleviate concerns about electric vehicles and boost customer satisfaction, ultimately promoting the widespread adoption [...]

South Korean Nursing Law Passes, Sparking Mixed Reactions

South Korean Nursing Law Passes, Sparking Mixed Reactions

SEOUL, Sept. 3 (Korea Bizwire) — In a move that has been hailed as historic by some and met with apprehension by others, South Korea’s National Assembly passed a new nursing law on August 28, ending a 19-year wait for legislation specifically governing the nursing profession. The law, which is set to take effect within nine [...]

South Korean Builders Unveil Flexible Apartment Designs for Changing Lifestyles

South Korean Builders Unveil Flexible Apartment Designs for Changing Lifestyles

SEOUL, Sept. 3 (Korea Bizwire) — As South Korea grapples with shifting demographics and evolving living patterns, major construction companies are introducing innovative apartment designs that allow residents to easily modify their living spaces.  On August 31, industry leaders showcased new floor plans that break from traditional layouts, offering adaptable structures that can be customized to [...]

Internet Banks Face Surge in Loan Demand as Major Banks Tighten Restrictions

Internet Banks Face Surge in Loan Demand as Major Banks Tighten Restrictions

SEOUL, Sept. 3 (Korea Bizwire) — In South Korea, a rush for loans at internet banks is intensifying as the country’s five largest banks continue to impose lending restrictions. Customers are flocking to online lenders, which are perceived as more accessible, in a phenomenon known as “open runs” – where borrowers attempt to secure loans as [...]

South Korea’s Economic Growth Slows as Domestic Demand Weakens

South Korea’s Economic Growth Slows as Domestic Demand Weakens

SEJONG, Sept. 3 (Korea Bizwire) — South Korea’s economy is showing signs of a downturn, with domestic demand struggling to gain momentum. Analysts attribute this trend to the reduction in household discretionary income, a consequence of high interest rates and inflation. According to data from the Korean Statistical Information Service (KOSIS) released on September 2, the [...]

South Korean Medical Professors Warn of Healthcare Collapse Amid Ongoing Dispute

South Korean Medical Professors Warn of Healthcare Collapse Amid Ongoing Dispute

SEOUL, Sept. 3 (Korea Bizwire) — In a stark contradiction to government assurances, a coalition of medical school professors in South Korea has painted a grim picture of the nation’s healthcare system, claiming that many emergency rooms are already unable to provide normal care. The group asserts that punishing those responsible for the healthcare breakdown and [...]

Surge in Requests for Legal Documents as South Koreans Seek Transparency

Surge in Requests for Legal Documents as South Koreans Seek Transparency

SEOUL, Sept. 3 (Korea Bizwire) — In a striking trend reflecting growing legal awareness among South Koreans, requests for access to legal documents, particularly criminal complaints, have skyrocketed, surpassing 200,000 annually. This surge underscores a shift towards proactive self-advocacy and strategic preparation in legal disputes.  According to the “2024 Information Disclosure Annual Report” released by the [...]

Samsung Unveils AI-Powered Apartments, Setting New Standards for Smart Living

Samsung Unveils AI-Powered Apartments, Setting New Standards for Smart Living

SEOUL, Sept. 2 (Korea Bizwire) –In a bold move that could redefine urban living, Samsung C&T’s construction division announced on Monday its plans to introduce a range of cutting-edge technologies in its upcoming apartment complex, Raemian Songdo Station Centripole, set to launch in Incheon’s Yeonsu district this October. The project, fully managed by Samsung C&T [...]