SEOUL, Aug. 13 (Korea Bizwire) – As a relentless heatwave drives electricity demand to record highs, South Korea’s business community has banded together to launch an energy conservation campaign. The Korea Chamber of Commerce and Industry (KCCI) announced on August 12 that it is spearheading the initiative alongside other major business organizations, including the Federation of [...]
SEOUL, Aug. 13 (Korea Bizwire) – A recent study has revealed that one in eight middle-aged South Koreans are caught in a challenging predicament, shouldering the burden of family care while simultaneously lacking adequate preparation for their own retirement. The Korea Institute for Health and Social Affairs (KIHASA) released a report on August 11 titled “The [...]
SEOUL, Aug. 12 (Korea Bizwire) – A recent study has shed light on the growing social isolation faced by individuals living alone in Seoul, South Korea’s bustling capital. More than half of Seoul’s single-person households report having no one to turn to for help with daily tasks or during emergencies, raising concerns about the need for [...]
SEOUL, Aug. 12 (Korea Bizwire) – In the wake of recent electric vehicle (EV) fires that have sparked debates about battery safety, South Korea’s battery industry is doubling down on efforts to improve safety measures from the design and production stages. EV battery fires can rapidly spread through thermal runaway, where a single battery issue can [...]
SEOUL, Aug. 12 (Korea Bizwire) – South Korea’s Fair Trade Commission (FTC) has taken action against four major K-pop merchandise retailers for unfair business practices, highlighting growing concerns over consumer rights in the booming idol goods market. The FTC announced on August 11 that it would issue corrective orders and impose fines totaling 10.5 million won [...]
SEOUL, Aug. 12 (Korea Bizwire) – As the summer heat intensifies in South Korea, cafe owners are feeling a different kind of burn: skyrocketing electricity bills and diminishing profits due to lingering customers. Yeo, the 30-year-old owner of a small cafe in Seoul’s Dongjak district, was taken aback after receiving the shop’s latest electricity bill. The [...]
INCHEON, Aug. 12 (Korea Bizwire) – The adoption of electric vehicles (EVs) in Incheon, South Korea’s third-largest city, has been declining for two consecutive years after peaking in 2022, according to recent data from the city government. From January to July of this year, only 2,607 new EVs were registered in Incheon, a mere 37% of [...]
BUSAN, Aug. 12 (Korea Bizwire) – The annual firefighters’ stair climb competition at Busan’s iconic LCT skyscraper is poised to transform into an international event this October, as organizers open participation to contestants beyond South Korea’s borders. The Busan Fire and Disaster Headquarters, which has hosted the event for domestic firefighters in previous years, announced on [...]
SEOUL, Aug. 12 (Korea Bizwire) – As South Korea celebrates its impressive performance at the 2024 Paris Olympics, the country’s religious communities are joining in the festivities, highlighting the achievements of athletes who share their faiths. This intersection of sport and spirituality is providing a unique opportunity for religious groups to engage with the public and [...]
SEOUL, Aug. 12 (Korea Bizwire) – Recent seismic activity in Japan, coupled with warnings of a potential major earthquake, has begun to cast a shadow over South Korea’s robust tourism to its island neighbor. This unease, combined with the strengthening yen, is leading some in the travel industry to speculate that the boom in Japanese tourism, [...]