SEOUL, June 2 (Korea Bizwire) — South Korea’s middle class experienced a heavier burden from the country’s steep inflation in 2022 compared with the lower- and upper-income brackets, data showed Friday. According to an experimental report released by Statistics Korea, the on-year rise in consumer prices for the middle class came to 5.2 percent in [...]
SEOUL, June 2 (Korea Bizwire) — A fiber made from recycled fishing nets by Hyosung TNC Corp. will be utilized in the production of outdoor garments. The textile manufacturer said Thursday that it has partnered with outdoor brands such as The North Face and K2 to incorporate its Regen Ocean Nylon into this year’s spring [...]
SEOUL, June 1 (Korea Bizwire) — VCNC, the operator of the mobility platform Tada, announced on Thursday that it has introduced English language services to the Tada application (app) for foreign users. Consequently, foreign users will now have the ability to use the Tada app in English throughout the entire process, from hailing a ride [...]
SEOUL, June 1 (Korea Bizwire) — South Korea’s terms of trade worsened for the 25th straight month in April as export prices fell faster than import prices, central bank data showed Wednesday. The country’s net terms-of-trade index for goods fell 0.5 percent last month from a year earlier, following a 5 percent dip the previous [...]
SEOUL, June 1 (Korea Bizwire) — The original cast of the long-running Broadway musical “Chicago” has returned to South Korea for the first time in six years. The musical team’s press call performance took place at Blue Square Shinhan Card Hall in central Seoul on Wednesday. Celebrating its 25th anniversary in 2021, “Chicago” had experienced [...]
SEOUL, June 1 (Korea Bizwire) — South Korean cosmetics giant LG Household & Health Care Co. said Wednesday its plans to establish a “bird park” within an existing park in the southeastern coastal city of Ulsan. This initiative marks the company’s second environmental project following the successful creation of a “honeybee park” last year on [...]
SEOUL, June 1 (Korea Bizwire) — Online shopping in South Korea jumped 6 percent on-year in April on high demand for travel and outdoor programs amid the eased COVID-19 restrictions, data showed Thursday. The value of online shopping transactions amounted to 17.86 trillion won (US$13.52 billion) in April, compared with 16.84 trillion won tallied a [...]
SEOUL, June 1 (Korea Bizwire) — LG Innotek Co., a South Korean major electronics parts maker, said Wednesday it has developed a flexible and stereoscopic automotive lighting solution, Nexlide-M. Constructed from a flexible resin material, this product can smoothly bend to fit onto vehicles in different configurations, including daytime running lights (DRL) and rear combination [...]
SEOUL, May 31 (Korea Bizwire) — The Korean Confederation of Trade Unions (KCTU) organized a rally on Wednesday at 4 p.m. along Sejong-daero in Seoul, with the participation of over 20,000 union members. During the rally, the union voiced criticism against the government and police, demanding an end to union repression and labor reform. They [...]
SEOUL, May 31 (Korea Bizwire) — LG Electronics introduced the LG StanbyME Go (model name: 27LX5), a portable screen product designed for easy transport. The all-in-one design resembles a suitcase, including a screen, stand, and speaker. It features a handle for convenient carrying, and the interior compartments hold accessories like a remote control and power [...]