SEOUL, Nov. 24 (Korea Bizwire) — South Korean companies can now trade carbon emissions permits through securities firms, in a shift designed to make the market more accessible and liquid, the Ministry of Climate, Energy and Environment said Sunday. The change, effective Monday, allows firms to open brokerage accounts and trade emissions rights using the same [...]
SEOUL, Nov. 24 (Korea Bizwire) — Korean fried chicken has emerged as the most frequently eaten and most beloved Korean dish among global consumers over the past year, according to a new international survey released Sunday. The annual overseas Korean food consumption study, conducted by South Korea’s Ministry of Agriculture, Food and Rural Affairs and the [...]
SEOUL, Nov. 24 (Korea Bizwire) — The number of Seoul households in their 30s without a home climbed to an all-time high last year, even as homeownership among the same age group fell to its lowest level since records began, government data showed Sunday. According to the National Data Office, 527,729 Seoul households headed by someone [...]
DAEJEON, Nov. 22 (Korea Bizwire) — In a city celebrated for its bakeries, one taxi in particular has become a minor sensation among South Korea’s devoted “bread lovers.” The “Daejeon Bread Taxi,” as it reads on the door, offers passengers not just a ride but a curated tour of the city’s best bakeries — complete with [...]
SEOUL, Nov. 22 (Korea Bizwire) — South Korean low-cost carriers are quietly reshaping Japan’s regional tourism map, reviving small provincial airports and injecting new life into local economies as the yen’s prolonged weakness draws budget-minded travelers across the sea. When an Aero K flight from Korea descended into Ibaraki Airport recently, the mood on the ground [...]
SEOUL, Nov. 22 (Korea Bizwire) — A parrot rescued after sneaking sips of customers’ coffee at a café in Seoul has yet to be claimed by its owner more than a week after it was found, raising the likelihood that the endangered bird will be transferred to a state-run wildlife protection center. Related: Endangered Amazon Parrot Found [...]
SEOUL, Nov. 21 (Korea Bizwire) — As generative artificial intelligence becomes mainstream in game development, a fierce debate is emerging over the use of AI-generated art, voice acting and other digital assets — with players and creators accusing studios of sacrificing quality and authenticity for efficiency. The controversy resurfaced sharply after Activision acknowledged using AI in [...]
SEOUL, Nov. 21 (Korea Bizwire) — Polestar CEO Michael Lohscheller underscored the strategic importance of the company’s Busan production base, describing it as a critical bridge between Asian and North American markets as the premium electric-vehicle maker expands its global manufacturing footprint. Speaking with Korean reporters on Nov. 20 at Polestar Seoul Space in Yongsan, Lohscheller [...]
LE CASTELLET, France, Nov. 21 (Korea Bizwire) — Genesis, Hyundai Motor Group’s luxury brand, marked its 10th anniversary with the world premiere of its first high-performance production model, the GV60 Magma, unveiling the vehicle at the Paul Ricard Circuit on Thursday as it charts a bold new course in the premium sports-car segment. “With Genesis becoming [...]
CAIRO & SEOUL, Nov. 20 (Korea Bizwire) – President Lee Jae-myung, on a state visit to Egypt, appealed Thursday for deeper cooperation between Seoul and Cairo, invoking what he described as striking historical parallels in the two nations’ struggles for peace and independence. In a keynote address at Cairo University, Lee said that although South Korea [...]