SEOUL, July 25 (Korea Bizwire) – Chinese e-commerce platform Temu has reported that essential household items topped the list of most purchased products in its first year of operations in South Korea, according to a survey released on July 25. The study, conducted by Korea Gallup Research Institute on behalf of Temu, polled 1,026 adults aged [...]
SEOUL, Jul. 25 (Korea Bizwire) – South Korean tech giant Naver is gaining increased attention from global investment banks, with its webtoon platform and robotics ventures leading the charge. According to industry sources on July 24, Goldman Sachs and Evercore ISI, two prominent investment banks, have set ambitious target prices for Webtoon Entertainment, the parent company [...]
SEOUL, Jul. 25 (Korea Bizwire) – The South Korean government has joined forces with the cosmetics industry to nurture small and medium-sized enterprises (SMEs) in the K-Beauty sector, a move that aims to solidify the country’s position in the global beauty market. Korean cosmetics, already a top export item for SMEs, have gained worldwide popularity. On [...]
SEJONG, Jul. 25 (Korea Bizwire) – The South Korean Ministry of Land, Infrastructure and Transport announced on July 24 that 12 new construction technologies, including a method for inspecting concrete cracks using autonomous drones, have been designated as innovative construction technologies for the first half of this year. Since 1989, the government has been designating new [...]
SEOUL, July 24 (Korea Bizwire) – LG Uplus, a major South Korean telecommunications company, announced on July 24 that it will introduce its web-based in-vehicle gaming service, Game Portal, to Kia’s new EV3. This marks the first time the Game Portal service will be available in a domestic brand vehicle in South Korea. According to LG [...]
SEOUL, Jul. 24 (Korea Bizwire) – LG Electronics announced on July 23 that it has received over 16,000 ideas from customers in South Korea and the United States for its innovative “UP Appliances” program, highlighting a growing trend in consumer-driven product development. Launched in 2022, LG’s UP Appliances are designed to evolve with customers’ needs, allowing [...]
INCHEON, Jul. 24 (Korea Bizwire) – In a bold move to address the country’s declining birth rate, the city of Incheon announced on July 23 that it will begin implementing a new child allowance program next month, separate from the existing national child benefit system. The “Child Dream Allowance” program, set to launch on August 1, [...]
SEOUL, July 23 (Korea Bizwire) – LG Innotek, a leading electronics components manufacturer, announced on June 22 its plans to accelerate its expansion into the automotive communication parts market with a cutting-edge digital key solution. Digital keys, which allow users to lock, unlock, and start vehicles using smartphones connected via wireless technology, have seen a surge [...]
SEOUL, Jul. 23 (Korea Bizwire) – In a strategic move to secure a leading position in the next-generation artificial intelligence (AI) semiconductor market, Samsung Electronics is ramping up investments in AI chip companies. Industry sources reported on July 22 that the Samsung Catalyst Fund (SCF), a venture capital fund that operates under the Samsung Semiconductor Innovation [...]
SEOUL, July 20(Korea Bizwire) – The number of international passengers traveling via Incheon International Airport has leaped nearly 40 percent in the first half of 2024 from a year earlier, the airport’s operator said Friday. A total of around 34 million passengers traveled on international flights at Incheon International Airport in the first half, up [...]