SEOUL, May 9 (Korea Bizwire) – The Tesla Model 3 surpassed the Mercedes-Benz E300 4Matic and BMW 520 to become the best-selling imported vehicle in South Korea last month, according to data from the Korea Automobile Importers and Distributors Association (KAIDA). Tesla’s Model 3 Highland topped the registration charts as the single most popular imported model [...]
SEJONG, May 8 (Korea Bizwire) – Sam’s Club, the membership-only retail warehouse chain owned by Walmart, is eager to purchase Korean products across several categories, presenting a significant opportunity for small and medium-sized Korean companies looking to penetrate China’s consumer market. The Korea Trade-Investment Promotion Agency (KOTRA) revealed on May 7 a list of items that [...]
SEOUL, May 7 (Korea Bizwire) – The relentless surge of Chinese e-commerce platforms like AliExpress, Temu, and Shein into the South Korean market, posing threats to domestic platforms, small businesses, and small manufacturers, appears to be losing momentum due to consumer dissatisfaction with shipping and returns, as well as repeated discoveries of hazardous substances including carcinogens [...]
SEOUL, May 7 (Korea Bizwire) – Samsung Electronics, SK Telecom and Naver have emerged as the top artificial intelligence companies in South Korea, according to a survey of people from the MZ generation (those born between 1980 and the early 2000s) by the job platform Jobplanet. The survey of 947 MZ generation respondents revealed Samsung Electronics, [...]
SEOUL, May 6 (Korea Bizwire) –Fans of the K-pop superstars BTS are inundating social media with outrage over an ongoing government investigation into allegations of illegal music streaming manipulation involving the group. On May 5, the hashtag “SOUTH KOREA APOLOGIZE TO BTS” trended in the K-pop category on X, the platform formerly known as Twitter, [...]
SEOUL, May 6 (Korea Bizwire) –Overcharging, disputes over taxes and difficulties with returns or exchanges were among the leading grievances from foreign visitors to South Korea last year, according to a report released on May 5 about tourist complaints. The Korea Tourism Organization’s “2023 Tourist Complaint Analysis” showed a 213 percent spike in reported inconveniences [...]
SEOUL/JEJU, May 6 (Korea Bizwire) -- At 11 a.m. on May 2, some 20 hikers were having an early lunch on the wooden deck of the Witsae oreum shelter, perched 1,700 meters up the slopes of Hallasan, South Korea’s highest mountain. Most had brought insulated bottles, filling them with hot water to prepare ubiquitous packets [...]
SEOUL, May 6 (Korea Bizwire) – A special loan program in South Korea offering rock-bottom interest rates for newlywed couples and new parents has drawn more than 5 trillion won in applications just three months since its launch, data showed on May 5. The “New Baby” loan program, introduced on January 29 by the Ministry [...]
SEOUL, May 2 (Korea Bizwire) – For those sensitive to caffeine or seeking to enjoy coffee without its stimulant effects, Starbucks in South Korea offers a decaffeinated option – one out of every 11 Americanos sold is now a decaf version. Starbucks announced on May 1 that the cumulative sales of decaffeinated coffee in South Korea [...]
SEOUL, April 30 (Korea Bizwire) – In the first quarter of this year, South Korea’s performing arts sector witnessed its highest ticket sales since the onset of the COVID-19 pandemic, as revealed by data on Tuesday. According to statistics released by the Korea Performing Arts Box Office Information System, the collective box-office revenue from musicals, [...]