SEOUL, Aug. 11 (Korea Bizwire) – As South Korea grapples with an aging population, the market for benign prostatic hyperplasia (BPH) medications is projected to reach 200 billion won by 2026, nearly doubling from its 2018 value, according to a recent report. The forecast, published in ASTI Market Insight by the Korea Institute of Science and [...]
SEOUL, Aug. 11 (Korea Bizwire) – The semiconductor and automobile industries led South Korea’s exports in the second quarter, with the items accounting for a record high of more than 30 percent of total outbound shipments, data showed Sunday. Combined exports of chips and cars reached US$54.3 billion in the April-June period, taking up the [...]
SEOUL, Aug. 11 (Korea Bizwire) – In a market long dominated by homegrown players, South Korea’s internet search landscape is showing signs of a significant shift. Global tech giants Google and Microsoft’s Bing are steadily gaining market share, while local stalwarts Naver and Kakao’s Daum are seeing their once-ironclad grip on the market loosen. According to [...]
SEOUL, Aug. 10 (Korea Bizwire) – Suga of K-pop superband BTS was fully drunk with a blood alcohol level of over 0.2 percent when he fell to the ground in Seoul earlier this week while driving an electric scooter, police said Friday. Suga has been booked for investigation after being found lying on the ground [...]
SEOUL, Aug. 10 (Korea Bizwire) – The death of a lone welfare recipient from heatstroke after being turned away from 14 hospitals has sparked outrage in South Korea, exposing deep-rooted issues in the nation’s healthcare and social welfare systems. The incident, which occurred on July 30 in Seoul’s Ssangmun-dong district but only recently came to light, [...]
SEOUL, Aug. 10 (Korea Bizwire) – In a significant move to address pressing social issues, the Korea Chamber of Commerce and Industry (KCCI) announced on August 9 that it will host the inaugural Korea Social Value Festa on September 12 at COEX in Seoul’s Gangnam district. The event, which aims to bring together government, private sector, [...]
CHANGWON, Aug. 10 (Korea Bizwire) – South Gyeongsang Province, the Korea Electric Power Corporation (KEPCO), and a social enterprise are joining forces to promote recycling and a culture of sharing by repurposing discarded safety helmets and plastic bottles. On August 9, the provincial government, KEPCO’s South Gyeongsang branch, and the social enterprise Usisan signed a memorandum [...]
SEOUL, Aug. 10 (Korea Bizwire) – Renault Korea Motors announced on August 9 a new program guaranteeing the resale value for customers who purchase its latest hybrid SUV, the New Renault Grand Koleos. The initiative, aimed at boosting sales of the mid-size SUV’s E-Tech hybrid model, promises industry-leading residual values for customers who trade in their [...]
HAENAM, Aug. 10 (Korea Bizwire) – The rural town of Haenam in South Jeolla Province is making notable strides in building family-friendly infrastructure through the operation of communal childcare spaces, an initiative that’s gaining traction in this part of South Korea. These shared childcare rooms, known locally as “gongdong yuga bang,” serve as collaborative spaces where [...]
SEOUL, Aug. 9 (Korea Bizwire) – Almost fully charged electric vehicles will be discouraged from entering apartment underground parking garages to prevent overcharging that is often blamed for EV fires, the Seoul city government said Friday. The city government said it will push to block the entry of EVs that are more than 90 percent [...]