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Ddareungi: Seoul’s Public Bicycle Service Hits 100 Million Rides

Ddareungi: Seoul’s Public Bicycle Service Hits 100 Million Rides

SEOUL, May 21 (Korea Bizwire) — Seoul’s public bicycle service “Ddareungi” has reached over 100 million rides and 4,000 rides since its launch in December 2015. The number of users has steadily increased, with 40.95 million rides in the previous year, signifying significant growth compared to the first year. The cumulative distance traveled is 387 [...]

Foreigners’ Korean Stock Purchases Top 10 tln Won Through May

Foreigners’ Korean Stock Purchases Top 10 tln Won Through May

SEOUL, May 20 (Korea Bizwire) — Foreign investors have scooped up more than 10 trillion won (US$7.52 billion) worth of Korean stocks so far this year on eased uncertainties and a rosy outlook for the chipmaking sector, data showed Saturday. According to the data compiled by the Korea Exchange, foreigners’ net buying of Korean stocks [...]

Daegu Street Motor Festival to Take Place This Weekend

Daegu Street Motor Festival to Take Place This Weekend

DAEGU, May 19 (Korea Bizwire) — The 2023 Daegu Street Motor Festival will take place in Daegu’s Jung District this weekend at the city’s “car alley,” showcasing unique street cars. Hosted by the Car Alley Merchants Association and sponsored by the Daegu city government and Jung district office, the festival celebrates its 12th year. It [...]

Hyundai Unveils Restored Pony Coupe Concept at Hyundai Reunion

Hyundai Unveils Restored Pony Coupe Concept at Hyundai Reunion

COMO, May 19 (Korea Bizwire) — Hyundai Motor Company held the Hyundai Reunion event on May 18 (local time) in Lake Como, Italy, where they unveiled the restored Pony Coupe concept. The event showcased Hyundai’s heritage and future direction, with the presence of Chairman Chung Eui-sun and key employees.   The Pony Coupe Concept, originally [...]

Galleria Department Store Set to Run Tech Popup Store

Galleria Department Store Set to Run Tech Popup Store

SEOUL, May 19 (Korea Bizwire) — Galleria Department Store announced on Thursday that it would open a unique popup store in its luxury hall, focusing on the concept of ‘tech’. Organized by Xorbis, a developer of digital exhibition and media technology, the popup store will offer visitors the opportunity to experience the Sketcher X robot, [...]

Jeju Island Leads Kiwi Production in South Korea

Jeju Island Leads Kiwi Production in South Korea

JEJU, May 18 (Korea Bizwire) — Jeju Island has achieved the top rank in kiwi production in South Korea. Last year, Jeju had 335 hectares of kiwi cultivation, producing 8,711 tons of kiwis. Although the cultivation area is second to Jeollanam-do, Jeju’s production exceeded it. Jeju’s kiwi production accounted for 43.8% of the national total. [...]

Affordable Convenience Foods on the Rise: Gimbap and Boxed Lunches Lead Lunchtime Sales

Affordable Convenience Foods on the Rise: Gimbap and Boxed Lunches Lead Lunchtime Sales

SEOUL, May 18 (Korea Bizwire) — Affordable and convenient food options are gaining popularity during lunchtime due to the increasing cost of eating out. Gimbap and boxed lunches have become popular choices among convenience foods, thanks to their convenience and reasonable prices. Recent data from convenience store CU reveals that Gimbap holds the highest sales [...]

Celebrities Flock to Gucci Fashion Show at Gyeongbok Palace

Celebrities Flock to Gucci Fashion Show at Gyeongbok Palace

SEOUL, May 18 (Korea Bizwire) — Italian luxury label Gucci hosted its Cruise 2024 collection fashion show at Geunjeongjeon, the main hall of Gyeongbok Palace, in Seoul on Tuesday night. Geunjeongjeon was used for kings to hold official functions or receive foreign envoys during the Joseon Dynasty (1392-1910). Gucci’s first Cruise collection show in Asia [...]