SEJONG, Sept. 20 (Korea Bizwire) — Sales of Google, Apple and other foreign tech giants in South Korea rose more than six times in 2021 from five years earlier to flirt with 4 trillion won (US$2.9 billion), data showed Tuesday. The combined taxable income of foreign tech companies amounted to 3.98 trillion won last year, [...]
SEOUL, Sept. 20 (Korea Bizwire) — Seoul National University (SNU) decided to start selling meal kits on campus on Tuesday for the first time among local universities, after facing criticism from students for a hike in the price of school meals back in April. The SNU Cooperative, which runs cafeterias, will provide sales space to [...]
SEOUL, Sept. 20 (Korea Bizwire) — The Seoul Metropolitan Government held the so-called space-out contest on Sunday after a three-year hiatus resulting from the COVID-19 pandemic. On a hot and sunny afternoon, many Seoul citizens gathered around Jamsu Bridge, where the competition was being held. Among 3,800 people who applied to participate in the competition, [...]
SEOUL, Sept. 19 (Korea Bizwire) — An influential American consumer magazine listed a number of TVs made by LG Electronics Inc. and Samsung Electronics Co. on the Best Big-Screen TV list. U.S. Consumer Reports recommended 11 TVs with a 70-inch screen or larger, sorting them into categories of ‘top-performing’, ‘mid-priced’ and ‘lower-priced’ based on the [...]
SEOUL, Sept. 19 (Korea Bizwire) — South Korea’s Hyundai Motor Group reached a double-digit market share in the auto market in Britain for the first time in 40 years. In the January-August period, Hyundai Motor Co. and its smaller affiliate Kia Corp.’s market share in Britain marks at 12.3 percent, up by 3.4 percentage points [...]
SEOUL, Sept. 19 (Korea Bizwire) — Close to 60 percent of South Koreans agree with replacing BTS’ mandatory military service with other alternatives, a poll showed Sunday. Innertech Systems, a local polling agency, conducted a nationwide survey of 3,004 men and women above 18 years of age, of which 59.8 percent agreed that the K-pop [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korean carmakers’ global market share slightly fell to 7.7 percent in the first half from a year earlier amid the extended chip shortage, industry data showed Sunday. From January to June, Korean carmakers sold a total of 2.1 million vehicles in the world’s eight major markets, down 9.9 [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korean automaker Hyundai Motor Co. said Thursday it has been selected for the 2021 Targeted Airshed Grants provided by the U.S. Environmental Protection Agency and it will be supplying hydrogen-powered trucks for the program. The TAG was first initiated by the EPA in 2015. It is a funding [...]
BUSAN, Sept. 16 (Korea Bizwire) — The Galleries Association of Busan said Thursday it will host the 2022 Busan Annual Market of Art at the Grand Josun Busan in the southeastern city from Sept. 22-25. Held for the second time since last year, the art fair will showcase some 1,000 pieces of art from 60 [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s car exports jumped 35.9 percent on-year in August on brisk global demand for eco-friendly cars, data showed Friday. The value of outbound shipments of automobiles came to US$4.12 billion last month, the largest ever figure for any August, according to the data from the Ministry of Trade, [...]