SEOUL, Aug. 2 (Korea Bizwire) – A recent survey reveals a generational divide in attitudes towards car ownership in South Korea, with younger adults showing less enthusiasm for purchasing vehicles compared to their older counterparts. According to a study conducted by Embrain Trend Monitor, a market research firm, 74.7% of respondents agreed that cars are essential [...]
SEOUL, Aug. 2 (Korea Bizwire) – In a promising turn for South Korea’s tech industry, the automotive electronics sector is emerging as a steady performer, even as the broader consumer electronics and semiconductor markets show signs of recovery. Samsung Electronics and LG Electronics, two of the country’s largest conglomerates, have seen their automotive divisions transform from hidden [...]
SEJONG, Aug. 2 (Korea Bizwire) – In a significant shift in consumer behavior, South Korea’s overseas direct purchases, commonly known as “jikgu,” surpassed 2 trillion won in the second quarter of this year. This milestone, reached for the first time since record-keeping began in 2014, was largely driven by a dramatic increase in purchases from China. [...]
YANGGU, Aug. 1 (Korea Bizwire) – In the tranquil town of Yanggu, nestled in the mountains of Gangwon Province, residents are once again grappling with the prospect of their homes being submerged. The announcement of a new dam project has reignited a decades-old conflict, leaving many in this close-knit community feeling betrayed and powerless. “I couldn’t [...]
SEOUL, Aug. 1 (Korea Bizwire) – Over half of South Korea’s leading corporations have failed to launch a single new business venture in the past five years, according to a recent study. Even Samsung Electronics, the country’s largest conglomerate, has not added any new business objectives to its portfolio in the last decade. A report released [...]
SEOUL, Aug. 1 (Korea Bizwire) – In a setback to Samsung Electronics’ ambitious healthcare expansion plans, the tech giant is facing criticism over battery drain issues in its latest smartwatch. This comes on the heels of quality concerns surrounding its Bluetooth earphones, once again putting the company’s product reliability under scrutiny. Reports have emerged of abnormal [...]
SEOUL, July 31 (Korea Bizwire) – A new data-sharing initiative in South Korea has sparked concerns about potential risks to consumer privacy and the competitiveness of domestic businesses. Experts warn that the MyData system, set to be implemented across all sectors by March of next year, could inadvertently lead to the cheap sale of Korean consumer [...]
SEOUL, Jul. 29 (Korea Bizwire) – Lee, a 29-year-old office worker, has decided to cut back on the dawn delivery service she once used once or twice a week. Her decision came after learning about the tragic death of a delivery driver in his 40s who was swept away by floodwaters while making early morning deliveries [...]
SEOUL, Jul. 29 (Korea Bizwire) – The South Korean Ministry of Environment and POSCO DX have joined forces in an innovative environmental, social, and governance (ESG) initiative aimed at reducing wildlife-vehicle collisions on the country’s roads. On July 26, the two entities signed a memorandum of understanding at POSCO DX’s Pangyo office in Seongnam, Gyeonggi Province. [...]
SEOUL, Jul. 26 (Korea Bizwire) – A recent survey conducted by KB Kookmin Card has shed light on South Koreans’ attitudes towards summer vacations, revealing a nation split on the necessity of travel. The study, released on July 25, found that 56.6% of respondents believe “travel is necessary” during the summer break, while 43.4% feel it [...]