SEOUL, Oct. 4 (Korea Bizwire) – In a striking paradox, South Korea, a global leader in digital infrastructure and artificial intelligence (AI) adoption, is grappling with widespread worker anxiety about the impact of AI on job security, according to a recent international study. The report, released by researchers Cheong Se-jeong and Shin Young-kyu from the Korea [...]
SEOUL, Oct. 4 (Korea Bizwire) – Public medical institutions in South Korea are grappling with an increasingly severe shortage of doctors, a chronic issue that has pushed salaries to unprecedented levels. In a striking example last year, a public medical center in South Jeolla Province hired an orthopedic surgeon for an annual salary of 620 million [...]
SEOUL, Oct. 4 (Korea Bizwire) – Sales of the Genesis GV80, a luxury SUV from Hyundai Motor’s premium brand, are surging despite its hefty price tag. The vehicle’s sales figures are outpacing those of its more affordable counterpart, the Hyundai Palisade, showcasing the growing appetite for luxury vehicles in the South Korean market. According to Hyundai [...]
SEOUL, Oct. 4 (Korea Bizwire) – Coupang, the South Korean e-commerce giant, has seen an increase in its user base despite raising its membership fees. This development challenges predictions of a mass exodus from the platform and underscores the company’s strong market position in a fiercely competitive landscape. According to data from WiseApp, Coupang’s monthly active [...]
SEOUL, Oct. 4 (Korea Bizwire) – On October 3, the streets of Haebangchon in Seoul’s Yongsan district came alive with color and celebration as the Seoul Drag Parade 2024 made its long-awaited return after a five-year break due to the COVID-19 pandemic. “We wanted to bring drag out of the nightclubs and bars and into the [...]
SEOUL, Oct. 4 (Korea Bizwire) – LG Electronics is set to launch a vibrant global marketing campaign called “Boom Boom Pow Festa” to promote its LG XBOOM party speakers, the company announced on October 3. The campaign features collaborations with street musicians from around the world, reimagining the Black Eyed Peas’ hit song “Boom Boom Pow.” [...]
SEOUL, Oct. 4 (Korea Bizwire) – In a move to reduce plastic waste, South Korea is set to introduce its first domestically produced lightweight water bottles, bringing a familiar sight from overseas travel to local store shelves. The Ministry of Environment announced on October 3 that Lotte Chilsung Beverage will launch its ICIS N bottled water [...]
SEOUL, Oct. 3 (Korea Bizwire) – In a landmark decision, South Korea’s Supreme Court has ruled that designated drivers can be classified as workers under the country’s labor union law, potentially opening the door for collective bargaining rights based on their employment status. The ruling, handed down on September 27, marks the first time the nation’s [...]
SEOUL, Oct. 3 (Korea Bizwire) – South Korean consumers are spending close to 500,000 won per year on subscription services, according to a new report released on October 2. The “Subscription Wars 2024″ report, presented by the British subscription bundling and payment company Bango at the M360 APAC conference in Seoul, reveals that South Korean consumers [...]
POHANG, Oct. 3 (Korea Bizwire) – Pohang University of Science and Technology (POSTECH) inaugurated its “2024 POSTECH AutumnFest” on October 1, marking a departure from traditional university festivals in South Korea. The two-day event showcased German culture, drawing inspiration from Munich’s famous Oktoberfest. This initiative marks the beginning of what POSTECH envisions as an annual festival, [...]