SEOUL, July 28 (Korea Bizwire) — Hyundai Motor’s move to localize auto parts production in the United States in response to steep U.S. tariffs is casting a shadow over South Korea’s auto parts industry, sparking concerns of declining exports and weakened domestic supply contracts. In its second-quarter earnings call on July 24, Hyundai confirmed it [...]
GWANGJU, July 28 (Korea Bizwire) — A recent case of workplace bullying in Naju, South Korea, has once again exposed the harsh realities faced by migrant workers—many of whom suffer in silence under a labor system critics say traps them in abusive conditions. According to the Gwangju-Jeonnam Migrant Human Rights Network and the Jeonnam Labor [...]
SEOUL, July 28 (Korea Bizwire) — South Korea’s battery sector surged to the top of domestic stock performance rankings in July, buoyed by rising lithium prices and new U.S. trade actions against China. Yet individual investors are increasingly betting on a market correction, diverging sharply from the bullish stance of foreign institutions. According to data [...]
SEOUL, July 28 (Korea Bizwire) — LG Electronics has launched a new clothing care device, the LG Styler S3WW, through Japan’s crowdfunding platform “Green,” marking a strategic move to gauge market demand and bolster brand presence in one of the world’s most competitive consumer electronics markets. The new model is a simplified, value-focused version of [...]
SEOUL, July 28 (Korea Bizwire) — LG Electronics has unveiled the latest installment in its wildlife conservation campaign, broadcasting a striking 3D video of the endangered pygmy owl on the digital billboards of New York’s Times Square, the company announced Sunday. The short film, part of LG’s ongoing “Life’s Good” environmental initiative, marks the seventh [...]
SEOUL, July 28 (Korea Bizwire) — A majority of foreign-invested companies in South Korea view the country’s labor relations as confrontational and its labor market regulations as excessively rigid, according to a new survey released Sunday by the Korea Economic Research Institute (KERI), an arm of the Federation of Korean Industries. The poll, conducted by [...]
SEOUL, July 28 (Korea Bizwire) — A new survey shows overwhelming support among South Korean workers for legislative efforts to criminalize non-consensual sex and enact a comprehensive anti-discrimination law, placing pressure on the Yoon Suk Yeol administration to take action on gender equality reforms. According to a poll released on Sunday by labor rights group Workplace [...]
SEOUL, July 28 (Korea Bizwire) — South Korea’s National Health Insurance Service (NHIS) has submitted over 1.5 million citizen signatures to an appeals court in support of its ongoing 50 billion won ($38 million) damages lawsuit against major tobacco companies, signaling strong public backing in a legal battle over smoking-related health costs. The NHIS announced [...]
SEOUL, July 27 (Korea Bizwire) — South Korea’s foreign resident population has reached a historic peak, surpassing 2.73 million as of the end of June, according to new data released by the Ministry of Justice on Sunday. The number of foreign nationals staying in the country for education, work, tourism, or other purposes stood at [...]
SEOUL, July 26 (Korea Bizwire) — As YouTube continues to dominate the global internet landscape—with over 20 trillion videos uploaded and 20 million more added daily—its influence in South Korea has become particularly pronounced. More than half of South Koreans (51%) now consume news via YouTube, significantly outpacing the global average of 31%, according to the [...]