SEOUL, Aug. 14 (Korea Bizwire) – Investors in HYBE are voicing growing frustration and disappointment, a sentiment increasingly evident in recent discussions on online stock forums. The entertainment powerhouse behind global sensation BTS has seen its stock price nearly halve since peaking at 312,500 won in June last year, with recent scandals exacerbating the decline. HYBE’s [...]
SEOUL, Aug. 14 (Korea Bizwire) – South Korean battery manufacturers are experiencing a collective boost in stock prices as automakers, led by Hyundai Motor Company, begin to disclose their electric vehicle (EV) battery suppliers. This trend reflects growing investor confidence that South Korean firms, with their superior technology compared to Chinese competitors, could increase market share [...]
SEOUL, Aug. 13 (Korea Bizwire) – In an innovative marketing move, LG Electronics has debuted a survival reality show called “House of Survival” on Amazon Prime Video, the company announced on August 13. The show aims to highlight the unique customer experience and convenience offered by LG’s artificial intelligence-enabled home appliances. “House of Survival” is an [...]
SEOUL, Aug. 13 (Korea Bizwire) – Hyundai Motor, South Korea’s leading automaker, is set to pioneer the use of electronic paper beacon ID badges, marking a significant step towards sustainable and secure workplace access. The company announced on August 13 that it has filed a patent for ID badges incorporating electronic ink LCD displays. Hyundai plans [...]
SEOUL, Aug. 13 (Korea Bizwire) – A recent electric vehicle fire in an underground parking garage has ignited fears among the public and drawn criticism of the government’s disjointed response to the incident. The fire, which occurred on August 1 in the Cheongna district of Incheon, has intensified what some are calling “electric vehicle phobia.” Critics [...]
SEOUL, Aug. 13 (Korea Bizwire) – In a strategic shift to combat the migration of shoppers to online platforms, South Korean department stores are engaged in a fierce competition to introduce exclusive international cafes and dessert shops to the local market. Social media platforms are abuzz with posts from eager patrons flocking to newly opened establishments [...]
SEOUL, Aug. 13 (Korea Bizwire) – The Ministry of Health and Welfare announced on August 12 that starting next year, South Koreans will have unprecedented access to their medical records from all tertiary hospitals across the country through a government-operated platform called the Health Information Highway. This digital initiative aims to consolidate dispersed medical data from [...]
SEOUL, Aug. 13 (Korea Bizwire) – As COVID-19 cases rise again in South Korea, inconsistent workplace policies are causing confusion among employees, highlighting the ongoing challenges of managing the pandemic in the workplace. According to the Korea Disease Control and Prevention Agency (KDCA), COVID-19 hospitalizations have surged almost sixfold over the past four weeks. From July [...]
SEOUL, Aug. 13 (Korea Bizwire) – An Se-young, the badminton player who secured South Korea’s first Olympic gold medal in women’s singles in 28 years, earned approximately 900 million won last year in prize money and salary. However, this figure pales in comparison to the earnings of top-ranked players in more popular sports, igniting a debate [...]
INCHEON, Aug. 13 (Korea Bizwire) – A recent electric vehicle fire in the underground parking garage of an apartment complex in Incheon, South Korea, has ignited a debate over who will be responsible for the substantial repair costs. The incident, which occurred on August 1 in the Cheongna International City area of Incheon, resulted in 23 [...]