BUSAN, Jun. 24 (Korea Bizwire) – As local governments across South Korea grapple with a looming demographic crisis, one district in the city of Busan is taking an unprecedented approach: offering substantial financial incentives for couples who meet through government-sponsored matchmaking events and decide to marry. Saha District in Busan announced on June 22 that it [...]
SEOUL, Jun. 24 (Korea Bizwire) – In a innovative approach to environmental education, 50 schools across Seoul are set to receive AI-powered recycling robots this September, the Seoul Metropolitan Office of Education announced on June 22. The robot, named “Nephron,” uses artificial intelligence to determine whether items are recyclable. When students insert a transparent plastic bottle [...]
SEOUL, Jun. 23 (Korea Bizwire) – Samsung Electronics, the South Korean tech giant, has launched its 40-inch OLED TV models in the European market, following their introduction in North America. This strategic move aims to strengthen Samsung’s position in the OLED TV sector through expanded product lines and market presence. According to industry sources on June [...]
SEOUL, Jun. 23 (Korea Bizwire) – South Korea’s car exports are forecast to reach a record high this year, driven by solid demand for eco-friendly models and sport utility vehicles, an industry association said Sunday. According to the Korea Automobile and Mobility Association (KAMA), the country’s car exports are projected to grow 5.4 percent on-year [...]
SEOUL, Jun. 23 (Korea Bizwire) – Research and development (R&D) expenditures by major South Korean companies hit an all-time high last year despite their falling sales amid an economic slowdown, data showed Sunday. The country’s top 1,000 companies made investments of 72.5 trillion won (US$52.12 billion) combined in 2023, up 8.7 percent from a year [...]
SEOUL, Jun. 23 (Korea Bizwire) – South Korean luxury automaker Genesis has taken a bold step into the world of high-performance driving experiences with the launch of its Genesis Track Taxi Nordschleife at Germany’s renowned Nürburgring circuit on June 21. The Track Taxi program allows enthusiasts to ride alongside professional drivers in specially tuned vehicles, experiencing [...]
SEOUL, Jun. 21 (Korea Bizwire) – South Korean consumers expressed a slightly higher level of satisfaction with their overall consumption experiences in 2023, according to a survey released on June 20 by the Korea Consumer Agency. The survey, which measured perceived satisfaction on a 100-point scale, revealed an overall score of 68.1 points, a 1.1-point increase [...]
SEOUL, Jun. 21 (Korea Bizwire) – Providing a refreshing escape from the city’s sweltering summer heat, six of Seoul’s outdoor swimming pools and water parks along the Hangang River simultaneously opened their doors on Thursday, June 20. The facilities include the Ttukseom, Yeouido, and Jamwon Hangang Park swimming pools, as well as the Jamsil, Yangwha, and [...]
NAMHAE, Jun. 21 (Korea Bizwire) – The “jukbangyeom,” an intricate bamboo fishing trap system with a 500-year history, is drawing throngs of tourists to the coastal waters of Jijok Strait in Namhae County, South Gyeongsang Province. On June 20, several visitors to Namhae gathered at an observation deck overlooking the jukbangyeom installations, marveling at the real-life [...]
SEOUL, Jun. 20 (Korea Bizwire) – A survey by the Korea Enterprises Federation has revealed that 7 out of 10 office workers in their 20s, 30s, and 40s are considering changing jobs, underscoring the shifting employment landscape in South Korea. The Employee Turnover Trend Survey, conducted with the participation of 1,500 full-time employees aged 20 to [...]