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S. Korea Sees More Hatred and Discrimination Following Virus Outbreak

S. Korea Sees More Hatred and Discrimination Following Virus Outbreak

SEOUL, Oct. 19 (Korea Bizwire) — Fear over coronavirus infection is inciting hatred and discrimination in Korean society. Participants at the 10th World Human Rights Cities Forum, held at the Kim Dae-jung Convention Center in the southwestern city of Gwangju from Oct. 7-10, agreed that discrimination and hatred towards foreigners, sexual minorities, and religious groups [...]

Transactions of Secondhand Items Soar amid Dampened Consumer Sentiment

Transactions of Secondhand Items Soar amid Dampened Consumer Sentiment

SEOUL, Oct. 19 (Korea Bizwire) — Amid sluggish consumer spending resulting from the outbreak of the COVID-19 pandemic, transactions of secondhand items are growing at a rapid pace. Consumers with thinner wallets are increasingly looking for cheap used items rather than buying new ones, while liquidating the items that they don’t use for cash. According [...]

South Korean EV Battery Manufacturers Struggle with Vehicle Fires

South Korean EV Battery Manufacturers Struggle with Vehicle Fires

SEOUL, Oct. 17 (Korea Bizwire) — Electric vehicle (EV) battery producers in South Korea are growing anxious as Hyundai Motor Co. as well as foreign automakers are experiencing safety issues with EV batteries. The U.S. National Highway Traffic Safety Administration is reportedly carrying out investigations into three fires caused by General Motors Co.’s Chevrolet Bolt [...]

Car-sharing Businesses Suffer from Careless Customers

Car-sharing Businesses Suffer from Careless Customers

SEOUL, Oct. 17 (Korea Bizwire) — Car-sharing businesses are suffering from massive financial losses due to careless users. Car-sharing vehicles owned by SOCAR Inc., a car-sharing service provider, last no more than three years on average, a mere 20 percent of the average lifespan of automobiles in South Korea. Smaller car-sharing platforms have a vehicle [...]