SEOUL, May 13 (Korea Bizwire) — South Korea’s eco-friendly market has surged to a valuation of 34 trillion won (approximately $24.7 billion), but consumer participation in sustainable practices is on the decline, a new survey by the Korea Consumer Agency reveals. The nationwide study, which polled 3,200 adults, found that although 66.4% of respondents are currently [...]
SEOUL, May 13 (Korea Bizwire) — South Korean Minister of Science and ICT Yoo Sang-im will visit the United States later this week to discuss ways to expand cooperation with Nvidia Corp. in securing advanced graphic processing units (GPUs), the ministry said Tuesday. The announcement came during a meeting of the government-led special committee on [...]
SEOUL, May 13 (Korea Bizwire) — South Korea launched its official “Korea Day” celebrations at the 2025 Osaka-Kansai World Expo on Tuesday with a ceremony to celebrate the arrival of a replica ship reenacting the historic Joseon Tongsinsa diplomatic mission. The Joseon Tongsinsa were official diplomatic envoys sent by the Joseon Dynasty (1392-1910) to Japan [...]
SEOUL, May 13 (Korea Bizwire) — Three presidential candidates made their strong push to woo voters in the nation’s conservative strongholds Tuesday, the second day of their official campaigns, with the election just 21 days away. The June 3 presidential election, triggered by the impeachment of former President Yoon Suk Yeol over his failed martial [...]
GANGNEUNG, South Korea, May 13 (Korea Bizwire) — The family of a 12-year-old boy who died in a suspected sudden unintended acceleration (SUA) incident in late 2022 has lost a civil lawsuit against the vehicle manufacturer, underscoring the legal challenges consumers face in proving vehicle defects under South Korea’s current product liability law. The accident occurred in [...]
JEJU, South Korea, May 13 (Korea Bizwire) — All eight crew members were rescued from a fishing boat that was capsizing off the coast of the southern island of Jeju on Tuesday, according to officials. According to authorities, a distress signal was received at 6:11 p.m. from the 29-ton fishing vessel approximately 563 kilometers southwest [...]
SEOUL, May 13 (Korea Bizwire) – The South Korean Marine Corps will hold its first-ever joint drill with the Japanese army in the Philippines next month, foreign media reports said Tuesday. The joint exercise will take place during KAMANDAG, an international military exercise in the Philippines, slated for June, according to Kyodo News Agency and [...]
SEOUL, May 13 (Korea Bizwire) — The number of monthly visitors to a park along the inter-Korean border has more than doubled this year after the opening of a Starbucks store there late last year, officials said Tuesday. Aegibong Peace Ecopark in Gimpo, just northwest of Seoul, saw an average of 32,379 monthly visitors from [...]
SEOUL, May 13 (Korea Bizwire) — A court of appeals has overturned a lower court’s decision that strong earthquakes that struck Pohang in 2017 and 2018 were caused by a geothermal power plant then under construction in the southeastern port city, judicial officials said Tuesday. Pohang, 271 kilometers southeast of Seoul, was hit hard by [...]
SEOUL, May 13 (Korea Bizwire) — Unregulated electronic cigarette vending machines selling synthetic nicotine products are proliferating near schools in South Korea, sparking public concern over youth access and health risks, amid mounting calls for legislative reform. A recent investigation revealed unmanned vape shops operating near elementary, middle, and high schools in central Seoul, often [...]