SEJONG, Aug. 2 (Korea Bizwire) – In a significant shift in consumer behavior, South Korea’s overseas direct purchases, commonly known as “jikgu,” surpassed 2 trillion won in the second quarter of this year. This milestone, reached for the first time since record-keeping began in 2014, was largely driven by a dramatic increase in purchases from China. [...]
YANGGU, Aug. 1 (Korea Bizwire) – In the tranquil town of Yanggu, nestled in the mountains of Gangwon Province, residents are once again grappling with the prospect of their homes being submerged. The announcement of a new dam project has reignited a decades-old conflict, leaving many in this close-knit community feeling betrayed and powerless. “I couldn’t [...]
CHANGWON, Aug. 1 (Korea Bizwire) – In the sweltering heat of a late July morning, Kim Young-bong wiped sweat from his brow as he tended to his herd of 270 Korean native cattle, known as hanwoo, in Changwon, South Gyeongsang Province. “Raising cattle is absolutely miserable right now,” Kim, 61, lamented. “We can’t even get fair [...]
SEOUL, Aug. 1 (Korea Bizwire) – Over half of South Korea’s leading corporations have failed to launch a single new business venture in the past five years, according to a recent study. Even Samsung Electronics, the country’s largest conglomerate, has not added any new business objectives to its portfolio in the last decade. A report released [...]
SEOUL, Aug. 1 (Korea Bizwire) – A recent study has revealed that the introduction of digital ordering systems in South Korean restaurants has led to a significant reduction in serving staff, highlighting the growing impact of technology on the service industry. On July 31, the Korea Employment Information Service released a report titled “Analysis of Job [...]
SEOUL, Aug. 1 (Korea Bizwire) – South Korean food company Ottogi has launched a new instant noodle product that pushes the boundaries of spiciness in the competitive Korean instant noodle market. The new product, named ‘Yeolgwang Rabokki’, boasts a Scoville Heat Unit (SHU) rating of 5,856, matching the company’s notoriously spicy ‘Yeol Ramen’ and surpassing the [...]
SEOUL, Aug. 1 (Korea Bizwire) – In a setback to Samsung Electronics’ ambitious healthcare expansion plans, the tech giant is facing criticism over battery drain issues in its latest smartwatch. This comes on the heels of quality concerns surrounding its Bluetooth earphones, once again putting the company’s product reliability under scrutiny. Reports have emerged of abnormal [...]
ULJIN, Aug. 1 (Korea Bizwire) – In the heart of South Korea’s Uljin County, a 600-year-old pine tree known as the “King Pine” is showing signs of distress, prompting forest authorities to launch urgent conservation measures. The majestic tree, standing 14 meters tall atop a mountain peak, is a symbol of the Korean red pine forest [...]
SEOUL, July 31 (Korea Bizwire) – A new data-sharing initiative in South Korea has sparked concerns about potential risks to consumer privacy and the competitiveness of domestic businesses. Experts warn that the MyData system, set to be implemented across all sectors by March of next year, could inadvertently lead to the cheap sale of Korean consumer [...]
SEOUL, July 31 (Korea Bizwire) – In a quiet corner of western Japan, a group of dedicated citizens is working to shed light on a long-forgotten tragedy that claimed the lives of 183 miners, including 136 Koreans, during World War II. The Chosei coal mine disaster, which occurred on February 3, 1942, in the city of [...]