SEOUL, Nov. 8 (Korea Bizwire) – Leading construction organizations in South Korea have launched a new initiative to improve the industry’s public image, which has been tarnished by repeated incidents of substandard work, safety violations, and corruption. The Korea Federation of Construction Associations announced on November 7 that it held its kickoff meeting for the “Construction [...]
SEOUL, Nov. 7 (Korea Bizwire) – The global automotive industry faces significant changes and uncertainties following Donald Trump’s election as the 47th president of the United States on November 6. Hyundai Motor Group, which has relied heavily on U.S. exports for its performance, is particularly on alert as Trump has promised to prioritize domestic industries, strengthen [...]
SEOUL, Nov. 7 (Korea Bizwire) – In a departure from the traditional pattern where economic downturns boost compact car sales, South Korea’s compact vehicle market is experiencing a significant decline, with annual sales expected to fall below 100,000 units for the first time since 2021. According to data from Kais You Data Research Institute, compact car [...]
BUSAN, Nov. 7 (Korea Bizwire) – The Busan Port Authority (BPA) announced on November 6 that it is launching a project to develop technology that will enable remote, unmanned operation of currently manned harbor cranes. Container port cranes, which are essential equipment for cargo handling operations, are divided into quay cranes that load and unload containers [...]
GWANGJU, Nov. 7 (Korea Bizwire) – Major restaurant chains are increasingly incorporating regional agricultural and seafood products into their new menu items, creating a win-win situation that benefits both local farmers and corporate image. South Jeolla Province announced on November 6 that Banolim Pizza will launch its Yeongam Fig Gorgonzola Pizza featuring Yeongam figs and Goheung [...]
SEJONG, Nov. 7 (Korea Bizwire) – The Seoul Main Customs Office announced on November 6 that it had caught 13 dentists who smuggled 11,349 pieces of unauthorized dental equipment (worth approximately 140 million won) into South Korea and used them on patients. The dentists are accused of making 1,184 separate purchases of dental equipment through AliExpress [...]
SEOUL, Nov. 7 (Korea Bizwire) – The South Korean government is set to lower barriers for foreign investment in the Saemangeum reclamation project, one of the country’s largest infrastructure developments, according to a joint announcement on November 6 by the Ministry of Land, Infrastructure and Transport and the Saemangeum Development and Investment Agency. Under current regulations, [...]
SEOUL, Nov. 7 (Korea Bizwire) – South Korea’s beer industry is witnessing a significant shift in packaging as major breweries embrace clear bottles, marking a departure from traditional colored glass containers. The trend began in 2021 when Oriental Brewery (OB) introduced the country’s first domestically produced beer in clear bottles with its Cass Fresh brand. The [...]
LOS ANGELES, Nov. 7 (Korea Bizwire) – Kia Motors showcased two new concept vehicles designed for outdoor enthusiasts at SEMA 2024, the world’s largest automotive customization show, held at the Las Vegas Convention Center on November 5. The two vehicles – the EV9 ADVNTR (Adventure) and PV5 WKNDR (Weekender) – were developed by Kia’s U.S. Design [...]
SEOUL, Nov. 6 (Korea Bizwire) – “Whether it’s carrying ammunition or cooking meals, I’ll help however I can if war breaks out,” said Kim Jong-su, 68, explaining why he volunteered for basic military training. “We need this fundamental training to be useful when that time comes.” At the Cheong-an Reserve Forces Training Ground of the Army’s [...]