SEOUL, Jul. 9 (Korea Bizwire) – Hyundai Motor Group has released a poignant campaign video titled “Four-Six, Four-Seven,” showcasing the story of hydrogen electric buses designed to support firefighters’ recovery, the company announced on July 8. The campaign is part of Hyundai’s ongoing collaboration with the National Fire Agency and Jeju Province to donate hydrogen electric [...]
SEOUL, Jul. 9 (Korea Bizwire) – The Export-Import Bank of Korea (Korea Eximbank) announced on July 8 that it will provide $150 million in project financing for a major solar power project in the United Arab Emirates (UAE), won by the Korea Western Power Co. This ambitious venture, located in the UAE’s desert region, involves the [...]
SEOUL, Jul. 9 (Korea Bizwire) – In an unprecedented move, Samsung Electronics’ largest labor union, the National Samsung Electronics Union (NSEU), launched a three-day general strike on July 8, marking the first time in the company’s history that employees have engaged in a “no work, no pay” strike. With over 6,500 union members participating, concerns are [...]
SEOUL, Jul. 9 (Korea Bizwire) – The proportion of imported cars registered under corporate names in South Korea has fallen to an unprecedented low in the first half of 2024, dipping below 35% for the first time in recent history. According to data released by the Korea Automobile Importers and Distributors Association (KAIDA) on July 8, [...]
SEOUL, Jul. 9 (Korea Bizwire) – Lotte Mall West Lake Hanoi, a massive commercial complex praised by Lotte Group Chairman Shin Dong-bin as a market-leading business model, has surpassed 200 billion won (approximately $150 million) in cumulative sales less than a year since its opening. The mall’s success is largely attributed to its innovative merchandising strategy, [...]
SEOUL, Jul. 8 (Korea Bizwire) – In a recent episode of SBS’s popular reality show “My Ugly Duckling,” viewers witnessed an unexpected scene: celebrities Lee Dong-gun, Kim Jong-kook, and Lee Sang-min nervously entering a plastic surgery clinic. This moment marks a significant shift in how South Korean entertainment figures approach the once-taboo subject of cosmetic procedures. [...]
SEOUL, Jul. 8 (Korea Bizwire) – In a remarkable shift from the traditional image of struggling comic artists, webtoon creators in South Korea are now emerging as some of the highest-paid professionals in the creative industry. Some star webtoon artists are even purchasing buildings in Seoul’s affluent Gangnam district and driving sports cars, signaling a dramatic [...]
SEOUL, Jul. 8 (Korea Bizwire) – In a surprising turn of events, private label (PB) home appliances are making significant inroads into the South Korean market, traditionally dominated by major corporate brands. This trend, driven by cost-conscious consumers amid high inflation, is reshaping the landscape of the home appliance industry. A prime example of this shift [...]
SEOUL, Jul. 8 (Korea Bizwire) – As sweltering heat and monsoon rains intensify, convenience stores and supermarkets in South Korea are turning to home delivery services to capture customers reluctant to venture out in inclement weather. Convenience stores and corporate supermarkets, known for their proximity to residential areas — so close that Koreans joke about going [...]
SEOUL, Jul. 8 (Korea Bizwire) – In a global comparison of household debt burdens, South Korea emerged as having the fourth-highest ratio of debt payments to income among major economies last year, according to data released by the Bank for International Settlements (BIS). The report, published on July 7, reveals that South Korea’s debt service ratio [...]