SEOUL, Oct. 29 (Korea Bizwire) – Major South Korean hotels are finding success with a dual-purpose strategy of hosting concerts, effectively boosting both marketing impact and occupancy rates. Hanwha Resort Seorak Sorano has hosted the Waterbomb Sokcho festival for two consecutive years, drawing over 15,000 attendees this year, according to industry sources on October 28. The [...]
SEJONG, Oct. 29 (Korea Bizwire) – South Korea’s exports, long considered the backbone of its economy, are showing signs of weakness, amplifying concerns about the country’s economic outlook. The possibility of a Donald Trump victory in the U.S. presidential election, with his promises of aggressive tariff policies, is raising additional concerns about the recovery of exports [...]
SEOUL, Oct. 29 (Korea Bizwire) – A team from the Korea Advanced Institute of Science and Technology (KAIST) has once again claimed victory in the global arena with innovative wearable robotic technology designed to assist people with disabilities. The team, comprising KAIST’s Exo Lab, Move Lab, and Angel Robotics, led by professor Kong Kyoungchul of the [...]
SEOUL, Oct. 29 (Korea Bizwire) – Rising sea temperatures and climate change are transforming South Korea’s seafood consumption patterns, with imported seafood increasingly replacing domestic catches on dinner tables as local fish populations decline. Major retailers report that imported seafood now accounts for up to 70% of their seafood sales, as consumers turn to more affordable [...]
SEOUL, Oct. 29 (Korea Bizwire) – Red ginseng products topped the list of most purchased items among Chinese and Japanese tourists at Incheon International Airport’s duty-free shops during the July-September period, Shinsegae Duty Free reported on October 28. According to the company’s analysis, the popularity of red ginseng reflects its status as a representative Korean health [...]
SEOUL, Oct. 29 (Korea Bizwire) – Nike has unveiled its second “Playground for All” in Seoul’s Gangnam district, partnering with the Green Umbrella Children’s Foundation and local authorities, the company announced on October 28. The initiative, which follows the first playground opened last year in Seoul’s Geumcheon district, aims to create an inclusive community space where [...]
SEOUL, Oct. 29 (Korea Bizwire) – In a significant shift within South Korea’s semiconductor industry, SK Hynix is seeing an unprecedented wave of employees returning after leaving for longtime rival Samsung Electronics, highlighting the company’s growing prominence in the global memory chip market. Industry insiders have dubbed these employees “Ha-Sam-Ha,” referring to those who moved from [...]
GANGNEUNG, Oct. 29 (Korea Bizwire) – With the 16th Gangneung Coffee Festival once again drawing large crowds, experts are recommending quarterly festivals and competitions to reinforce Gangneung’s image as a year-round coffee destination. According to a recent report on “Revitalization Strategies for Gangneung’s Coffee Industry” submitted to the Gangneung City Council by professor Kim Ho-seok’s team [...]
SEOUL, Oct. 28 (Korea Bizwire) – Part-time employment among young workers has doubled over the past decade, leading to an unprecedented rise in non-regular employment among South Korea’s youngest workforce. According to data released by Statistics Korea on October 27, as of August, there were approximately 1.46 million workers in their 20s heolding non-regular positions, representing [...]
SEOUL, Oct. 28 (Korea Bizwire) – South Korea has emerged as the world leader in growth rate of three-dimensional (3D) printing construction technology patent applications over the past five years, according to recent data. The Korean Intellectual Property Office reported on October 27 that an analysis of global patents filed with the IP5 (the five largest [...]