SEOUL, Aug. 26 (Korea Bizwire) — Uber announced Tuesday that it will introduce its subscription-based membership program in South Korea next month, escalating competition in the country’s mobility market as rivals race to lock in loyal customers. At a press briefing in Seoul, Uber Taxi Korea head Song Jin-woo said the service, called Uber One, [...]
WASHINGTON, Aug. 26 (Korea Bizwire) — When President Donald J. Trump sat down with South Korean President Lee Jae-myung at the White House on Monday, it did not take long for old ambitions to resurface. Amid the pleasantries of their first summit since Mr. Lee took office in June, Mr. Trump signaled a desire to revive a [...]
SEOUL, Aug. 26 (Korea Bizwire) — President Donald J. Trump suggested this week that the United States should seek ownership of land hosting American military bases in South Korea, a remark that unsettled officials in Seoul and fueled concerns that his brand of “new expansionism” could complicate the alliance. During a summit with South Korean President [...]
WASHINGTON & SEOUL, Aug. 26 (Korea Bizwire) — When President Lee Jae Myung sat down for his first summit with Donald J. Trump on Monday, the mood could hardly have been more precarious. Hours earlier, Mr. Trump had taken to Truth Social to suggest that South Korea was undergoing something like a “purge or revolution,” [...]
JEONGSEON, Aug. 26 (Korea Bizwire) – Kangwon Land, South Korea’s only casino open to domestic players, is seeking ways to strengthen its global competitiveness as Japan prepares to open a multibillion-dollar integrated resort in Osaka by 2030 — a development that analysts say could siphon millions of Korean tourists and billions of dollars in spending [...]
SEOUL, Aug. 26 (Korea Bizwire) — A drunken brawl in a neon-lit karaoke bar, a bottle of soju in hand, unfolds to the sound of ABBA’s “Dancing Queen.” It may look like a scene from a Korean drama, but it is in fact from Butterfly, a new American series that wears its Korean influences proudly. [...]
SEOUL, Aug. 26 (Korea Bizwire) — Samsung Electronics said on August 25 that it will begin rolling out a software update next month that applies its One UI operating system to artificial intelligence–powered home appliances, extending the same interface used across its smartphones and TVs into refrigerators, washers, and other connected devices. The update, which [...]
SEOUL, Aug. 26 (Korea Bizwire) — The soaring cost of sanitary pads, a necessity for nearly all women, has become a flashpoint in South Korea, where inflation is squeezing household budgets and driving consumers to seek cheaper alternatives abroad. Major brands such as Bodyfit and Good Feel raised prices by 100 to 900 won (about [...]
SEOUL, Aug. 26 (Korea Bizwire) — Researchers at the Korea Advanced Institute of Science and Technology (KAIST) and the Massachusetts Institute of Technology (MIT) have developed a new fiber-based material that can capture carbon dioxide directly from the air using only small amounts of electricity, potentially lowering the barriers to large-scale deployment of direct air [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea now has one of the highest rates of multiple births in the world, even as its overall fertility rate continues to plunge, according to new research released Monday. A study by the Korea Institute for Health and Social Affairs found that in 2023 South Korea recorded 26.9 [...]