BUSAN, Sept. 2 (Korea Bizwire) — South Korea’s state-run Korea Ocean Business Corporation (KOBC) said Monday it will roll out a pilot program this year that allows ordinary citizens to become shipowners through fractional investment. The initiative, to be conducted under existing securities and asset securitization laws, will issue profit-linked securities backed by vessels already [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Department Store said Monday it will stage a special “The Hyundai Global Stage” at the upcoming Tokyo Girls Collection (TGC), marking the first time the Japanese fashion showcase will dedicate a runway to Korean brands. The event, set for Sept. 6 at Saitama Super Arena near Tokyo, is Japan’s [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea will expand a pilot program this month aimed at improving the irregular work schedules of nurses, the Ministry of Health and Welfare announced Sunday. Beginning Sept. 1, 94 hospitals and clinics selected through a government review will join the second phase of the initiative, which was first [...]
SEOUL, Sept. 1 (Korea Bizwire) – LG Electronics is set to unveil its latest vision for the connected home, announcing it will showcase its new AI-powered home hub, LG ThinQ ON, at the IFA 2025 consumer electronics fair in Berlin. The device, equipped with generative artificial intelligence, is designed to understand context, learn household patterns [...]
SEJONG, Sept. 1 (Korea Bizwire) — South Korea’s government has proposed a 2025 budget that emphasizes everyday safety and cost-of-living relief, with measures ranging from preventing car accidents and manhole falls to subsidizing school fruit snacks and low-cost weddings in national parks. The Ministry of Economy and Finance on Sunday outlined plans that reflect a [...]
SEOUL, Sept. 1 (Korea Bizwire) — Apple is preparing to unveil its iPhone 17 series next month, including a new ultra-thin “Air” model, in a launch closely watched by South Korea’s top electronics suppliers whose earnings are tightly bound to the device’s global success. The event, scheduled for September 9 at Apple Park’s Steve Jobs [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korean schools are preparing to revise their internal rules after lawmakers passed a law banning the use of smartphones and other digital devices during class beginning next semester. Yet with education authorities leaving key decisions to individual schools, administrators are grappling with how far the restrictions should go. [...]
SEOUL, Sept. 1 (Korea Bizwire) — A majority of South Korean companies prefer to rehire older employees after retirement rather than extend their contracts or adopt alternative employment models, according to a new survey that underscores both the demand for experienced workers and the challenges of managing labor costs. The Korea Employers Federation (KEF) said [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea is intensifying its campaign against e-cigarettes, warning that the vapor inhaled and exhaled is far from harmless. The Ministry of Health and Welfare said Saturday it will launch a second round of anti-smoking advertisements on September 1, focusing on the dangers of e-cigarette aerosol. The campaign, titled [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korea’s Disease Control and Prevention Agency (KDCA) said on Sunday it will roll out a nationwide awareness drive to encourage people, especially younger adults, to monitor key health indicators in order to prevent cardiovascular disease, one of the country’s leading causes of death. The campaign, called “Know Your Numbers, [...]