SEOUL, April 30 (Korea Bizwire) — Debt among those in their 20s and 30s jumped more than 27 percent over the past three years since the COVID-19 pandemic hit, indicating they suffered financial difficulties due to rising home prices and an economic slowdown, central bank data showed Sunday. In the fourth quarter of 2022, overall [...]
SEOUL, April 29 (Korea Bizwire) — The rankings for sales of imported cars have undergone significant changes this year, with Mercedes-Benz, BMW, Audi, and Volkswagen no longer dominating the market. In the first quarter of this year, Volvo has overtaken Volkswagen to claim the fourth spot, while new players such as Lexus and Porsche are [...]
BUSAN, April 28 (Korea Bizwire) — The 18th Busan Super Cup International Yacht Race kicked off on April 28 off the coast of Busan, South Korea, with more than 300 sailors from 32 teams and 10 countries competing in two categories. The event is the oldest and most prestigious cruiser sailing regatta in Korea and [...]
SEOUL, April 28 (Korea Bizwire) — The 9th K-Royal Culture Festival is currently underway at Heungnyemun Square in Gyeongbokgung Palace, Seoul, South Korea. The festival showcases the country’s largest cultural heritage and takes place against the backdrop of Korea’s five major palaces – Gyeongbokgung, Changdeokgung, Deoksugung, Changgyeonggung, and Gyeonghuigung – as well as the [...]
SEOUL, April 28 (Korea Bizwire) — South Korean tiremaker Hankook Tire & Technology Co. said Thursday it has partnered with sport fashion brand, Pro-Specs, to launch three limited edition pairs of running shoes. The iON evo, Hankook Tire’s high-end tire designed for electric vehicles, inspired the patterns on the shoe’s outsole, which enhance its anti-slip [...]
SEOUL, April 28 (Korea Bizwire) — South Korea’s crime rate fell to the lowest level in a decade in 2021, data showed Friday, although offenses in the cyber domain shot up amid the COVID-19 pandemic. Asia’s No. 4 economy reported 1,774 cases of criminal violations per 100,000 people in 2021, down 12 percent from a [...]
SEOUL, April 28 (Korea Bizwire) — Exports of passenger cars climbed 41 percent in the first quarter of 2023 from a year earlier to set a new record, data showed Friday, due to the robust overseas demand for eco-friendly vehicles. Carmakers in South Korea shipped passenger cars worth a combined US$15.4 billion over the January-March [...]
SEOUL, April 28 (Korea Bizwire) — Samsung Electronics Co. said Thursday it is presenting its first-ever 89-inch microLED display at the Appliance & Electronics World Expo 2023 in Shanghai. MicroLED technology provides best-in-class picture quality, as it uses micrometer-sized LEDs to produce light and color without requiring a backlight or color filter. Additionally, these LEDs can [...]
SEOUL, April 27 (Korea Bizwire) — Hyundai Motor has launched the 2023 Casper with a new trim and additional exterior colors. The new trim, “The Essential Light,” includes standard features such as heated and ventilated seats, push-button start, smart key, and leatherette seats. The Casper now has four trims: Smart, D-Essential Lite, D-Essential, and Inspiration. [...]
SEOUL, April 27 (Korea Bizwire) — Hyundai Motor Group has won 27 awards, including gold and main prizes, at the 2023 iF Design Awards organized by the International Forum Design in Germany. The awards were won in six categories, marking the highest number of awards ever won by the company. The IONIQ 6 won [...]