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Archive by category Most Viewed

Private Equity Funds Emerge as Power Players in South Korean Business, 20 Years After Introduction

SEOUL, Nov. 29 (Korea Bizwire) – Two decades after their introduction to South Korea, Private Equity Funds (PEFs) have transformed from behind-the-scenes investors into influential powerbrokers wielding control over industries ranging from heavy manufacturing to fast-food chains. These once-reclusive investors, who previously surfaced only for occasional mega-mergers, now command a significant presence across South Korea’s business landscape, [...]

Mental Health Crisis Among Elementary School Staff: Rising Depression Rates Highlight Growing Challenges in South Korea’s Education Sector

SEOUL, Nov. 28 (Korea Bizwire) – The mental health of elementary school staff in South Korea is under scrutiny as nearly 10,000 employees reported suffering from depression in 2023, according to data released by the National Health Insurance Service. This alarming trend follows a high-profile incident involving the suicide of a new teacher at an elementary [...]

Volvo’s ‘90 Cluster’ Models Shine in South Korea With Focus on Safety

SEOUL, Nov. 27 (Korea Bizwire) – Swedish automaker Volvo’s flagship “90 Cluster” series—comprising the XC90, S90, and V90 Cross Country—continues to enjoy steady popularity in South Korea, driven by its reputation for advanced safety features and innovative technology. According to Volvo Cars Korea, the 90 Cluster accounted for 26% of the 12,284 Volvo vehicles sold in [...]

South Korea Expands E-Cigarette-Only Smoking Lounges Amid Rising Demand

SEOUL, Nov. 26 (Korea Bizwire) – With the growing popularity of e-cigarettes, South Korea is increasingly accommodating users by introducing dedicated smoking spaces, reflecting a broader shift in attitudes toward smoking alternatives. E-cigarette-exclusive lounges have emerged in places like Incheon International Airport and major commercial hubs, catering to smokers who wish to avoid the strong odors [...]

Genesis Introduces ‘Proactive Care Service’ for Enhanced Vehicle Safety

SEOUL, Nov. 25 (Korea Bizwire) – Genesis announced the launch of its Proactive Care Service on Saturday, a cutting-edge offering aimed at improving the driving experience for its customers through real-time remote diagnostics. The service proactively detects vehicle malfunctions or irregularities during operation and provides notifications via the My Genesis app or SMS. Depending on the [...]

Short-Form Videos Revolutionizing Local Business Marketing in South Korea

SEOUL, Nov. 25 (Korea Bizwire) – Short-form videos are emerging as a powerful tool for promoting local businesses in South Korea, offering an engaging alternative to traditional blog-based updates. Small-sized businesses, in particular, see increasing opportunities in this trend. For example, an interior design contractor in the Seoul metropolitan area reported a surge in client inquiries [...]

South Korea Advances Solutions to Combat Floor Noise in Apartments

SEOUL, Nov. 25 (Korea Bizwire) — In an effort to tackle persistent floor noise issues in apartments, Korea Land and Housing Corporation (LH) unveiled the country’s largest soundproofing testing facility, the ‘Decibel 35 Lab,’ located at the Sejong Housing Performance Research and Development Center. This new facility simulates real apartment environments, allowing for in-depth testing [...]

Theater Screenings of Live Musicals Gain Traction, Offering New Revenue Stream

SEOUL, Nov. 25 (Korea Bizwire) – With movie theaters in South Korea looking to diversify their content offerings, live recordings of musicals are emerging as an unexpected box office draw, potentially marking a new chapter for the industry. Leveraging their large screens as a key advantage, theaters are expanding beyond traditional films to showcase a variety [...]

South Korea Develops First Korean-Style Industrial Complex in Vietnam

SEOUL, Nov. 24 (Korea Bizwire) – In a move to bolster the presence of South Korean companies in Vietnam, a consortium led by the Korea Land and Housing Corporation (LH) has completed construction of the first “Korean-style industrial complex” in the country. The Ministry of Land, Infrastructure, and Transport announced Sunday the completion of the Hưng [...]

South Korea’s Archery Dominance Linked to Ancient Traditions and Fair Selection Systems

ULSAN, Nov. 23 (Korea Bizwire) –South Korea’s national archery team achieved a historic sweep at the 2024 Paris Olympics, claiming gold in all five events—a testament to the country’s dominance in the sport. This unparalleled success has reignited discussions on why South Korea excels in archery, with experts pointing to both cultural heritage and systematic [...]