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. 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 [...]
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 [...]
YANGYANG, Aug. 11 (Korea Bizwire) – In a unique blend of tradition and modern social initiatives, a matchmaking program at a Buddhist temple in South Korea drew the attention of high-ranking government officials focused on the country’s demographic challenges even before it was announced that this iteration of the event had been the most successful yet. [...]
SEOUL, Aug. 9 (Korea Bizwire) – Almost fully charged electric vehicles will be discouraged from entering apartment underground parking garages to prevent overcharging that is often blamed for EV fires, the Seoul city government said Friday. The city government said it will push to block the entry of EVs that are more than 90 percent [...]
SEOUL, Aug. 9 (Korea Bizwire) – With signs of a new COVID-19 wave emerging, convenience stores in South Korea are experiencing a significant increase in demand for self-testing kits during the vacation season. With some stores running out of stock, online shopping malls are seeing sharp price increases for these kits. According to convenience store industry [...]
SEOUL, Aug. 8 (Korea Bizwire) – As South Korea’s aging population rapidly expands, a government-funded research institute is warning that the country’s age-friendly industry is failing to keep pace, potentially missing out on a significant economic opportunity. The Korea Institute for Industrial Economics and Trade (KIET) released a report on August 7 highlighting the disconnect between [...]
SEOUL, Aug. 7 (Korea Bizwire) — The recent electric vehicle fire incidents involving Mercedes-Benz and Kia models could not have come at a worse time for the local automotive industry, which has been eagerly preparing to introduce ambitious new electric models to tackle the so-called EV adoption chasm. While waiting for the official investigation results, [...]
SEOUL, Aug. 6 (Korea Bizwire) – South Korea’s gig economy workforce, comprising delivery riders, designated drivers, and other platform-based workers, reached approximately 883,000 in 2023, according to a new government study released on August 5. The Ministry of Employment and Labor and the Korea Employment Information Service conducted the 2023 Platform Worker Survey based on a [...]
SEOUL, Aug. 5 (Korea Bizwire) – A recent survey has revealed that two out of three South Koreans perceive their society as unfair, with particular distrust in the justice system and administrative processes. Corruption was cited as the primary cause of this perceived unfairness. The Korea Institute for Health and Social Affairs (KIHASA) released these findings [...]