SEOUL, Oct. 9 (Korea Bizwire) — The number of imported electric vehicles (EVs) newly registered in South Korea fell 40.1 percent on-year over the August-September period, data showed Wednesday, amid the public’s lingering concerns over their safety. According to data compiled by the Korea Automobile Importers & Distributors Association, 6,868 imported EVs were newly registered [...]
SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s top four conglomerates accounted for more than 40 percent of the country’s annual gross domestic product (GDP) in 2023, data showed Wednesday. The combined sales of the four family-controlled groups — Samsung, SK, Hyundai Motor and LG — reached 980.5 trillion won (US$729 billion) in 2023, accounting [...]
SEOUL, Oct. 9 (Korea Bizwire) – A new study from South Korea has uncovered a disturbing link between diabetes, economic hardship, and suicide risk, highlighting the urgent need for social attention and practical support for vulnerable patients. The Korean Diabetes Association (KDA) reported on October 8 that low-income individuals with diabetes face a suicide risk 4.34 times [...]
SEOUL, Oct. 9 (Korea Bizwire) – In a symbolic move to reclaim its cultural heritage, South Korea is set to reopen a pathway between two of its most significant royal sites in Seoul, reversing a divisive action taken during Japanese colonial rule. The Cultural Heritage Administration announced that starting October 9, it will open the gates along [...]
IMSIL, Oct. 8 (Korea Bizwire) – The Imsil N Cheese Festival, celebrating its 10th anniversary this year, has shattered attendance records, drawing over 580,000 visitors to this small county in North Jeolla Province. Local officials reported that the four-day event, held from October 3 to 6, saw a surge in attendance, with approximately 20,000 more visitors than [...]
SEOUL, Oct. 7 (Korea Bizwire) – The banks of the Han River in Yeouido were already teeming with excitement by the afternoon of October 5 as throngs of eager spectators arrived early to secure prime viewing spots for the 2024 Seoul World Fireworks Festival. Despite the official 7 p.m. start time, families and friends flocked to the [...]
SEOUL, Oct. 6 (Korea Bizwire) – Over 60 percent of South Korea’s automotive exports throughout most of 2024 have been shipped to North America, industry data showed Sunday, raising calls for companies to consider more balanced global export strategies. According to industry data, exports of the five automotive firms with manufacturing bases in South Korea [...]
SEOUL, Oct. 5 (Korea Bizwire) – A recent survey has revealed that 42.7% of startup founders in South Korea view the current startup ecosystem negatively, highlighting growing concerns over the challenging business climate in one of Asia’s tech hubs. The survey, conducted by Google as part of its ChangGoo program, polled 100 startup leaders between September [...]
SEOUL, Oct. 4 (Korea Bizwire) – Seocho District in Seoul is set to showcase the beauty of Yangjaecheon Stream alongside high-quality handicrafts through the Yangjae Art Salon event every weekend this month, as announced by district mayor Jun Sung-soo on October 4. The event, which will run every Saturday and Sunday in October from 1 p.m. [...]
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 [...]