SEOUL, Jun. 25 (Korea Bizwire) – As South Korea grapples with increasingly severe weather patterns, a growing number of citizens are reporting heightened levels of stress and anxiety related to climate change. A 34-year-old office worker referred to only as Lee recently opened up about the severe stress caused by experiencing extreme weather. “When I go [...]
SEOUL, Jun. 25 (Korea Bizwire) – Renault Korea is overhauling its customer engagement and sales strategies in preparation for the launch of its new hybrid mid-size SUV, the Aurora 1. According to Renault Korea on June 23, over 60% of visitors to the carmaker’s recently renovated flagship store Renault Seongsu are in their 20s and 30s. [...]
SEOUL, Jun. 25 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has completed building infrastructure to produce faster and more efficient chips for artificial intelligence (AI) computing. The infrastructure for so-called compute express link (CXL) technology was built at Samsung Memory Research Center in Hwaseong, about 45 kilometers south of Seoul, the company said [...]
SEOUL, Jun. 25 (Korea Bizwire) – A recent survey by a civic group has revealed that only 1 in 10 victims of workplace bullying in South Korea report the incidents to their company, labor union, or the Ministry of Employment and Labor. The findings come as the amended Labor Standards Act, which prohibits workplace bullying, approaches [...]
SEOUL, Jun. 25 (Korea Bizwire) – The children’s clothing market in South Korea is experiencing steady growth despite a declining birth rate and shrinking child population, according to recent industry analysis. Data from market research firm Euromonitor reveals that the domestic children’s clothing market was worth 2.45 trillion won in 2023, a 33% increase from 1.84 [...]
SEOUL, Jun. 25 (Korea Bizwire) – In a notable turn for South Korea’s videogame industry, long dominated by mobile and online multiplayer titles, domestic developers are finding surprising success in the global console market, potentially heralding a new era of diversification and growth. Shift Up, a rising star in the Korean gaming scene, recently disclosed in [...]
SEOUL, Jun. 25 (Korea Bizwire) – Hyundai Motor Company announced on June 24 that it has achieved the fastest time for a production electric vehicle at the prestigious Pikes Peak International Hill Climb in Colorado, held on June 23. The Pikes Peak International Hill Climb, often referred to as the “Race to the Clouds,” is the [...]
SEOUL, June 24 (Korea Bizwire) – The lithium battery plant fire that killed at least 22 people in Hwaseong on Monday is likely to go down as the worst chemical plant accident in the country’s history, with experts raising questions about lax safety measures as the cause of the disaster. Firefighters are still searching for [...]
SEJONG, Jun. 24 (Korea Bizwire) – In a concerning trend for South Korea’s labor market, the number of young adults classified as economically inactive — neither employed nor seeking work — has increased for the first time in nine months, despite government initiatives to integrate them into the workforce. According to data from Statistics Korea, the [...]
BUSAN, Jun. 24 (Korea Bizwire) – As local governments across South Korea grapple with a looming demographic crisis, one district in the city of Busan is taking an unprecedented approach: offering substantial financial incentives for couples who meet through government-sponsored matchmaking events and decide to marry. Saha District in Busan announced on June 22 that it [...]