SEJONG, June 20 (Korea Bizwire) – More than 60 percent of South Korean couples in their 30s and 40s now live in dual-income households, reflecting shifting work-life dynamics as economic pressures and evolving gender roles reshape family life. Meanwhile, single-person households continue to surge, surpassing 8 million for the first time, according to new government [...]
SEOUL, June 20 (Korea Bizwire) — Seoul’s subway system has faced a deluge of temperature-related complaints in recent months, with over 283,000 grievances filed from January through May, according to Seoul Metro. The figure accounts for 75.5% of all customer service issues reported during the five-month period. As temperatures rose in May, so did commuter frustration, [...]
SEOUL, June 20 (Korea Bizwire) — South Korea on Thursday kicked off its first-ever MyK FESTA, a large-scale K-culture festival designed to celebrate the global influence of Korean content and expand its international reach. The four-day event, held in Seoul’s Olympic Park, is expected to draw over 30,000 participants, including 20,000 international fans and global industry [...]
SEOUL, June 19 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. on Thursday signed a memorandum of understanding (MOU) with the government to jointly develop and commercialize a next-generation connected digital tachograph for commercial vehicles, the automakers said Thursday. The automakers, together with the transport ministry and the state-run Korea Transportation Safety Authority, plan [...]
SEOUL, June 19 (Korea Bizwire) — The chairman of Daewoo Engineering & Construction (E&C) Co. has paid a courtesy call on Mozambican President Daniel Chapo to seek support for potential liquefied natural gas (LNG) construction projects in the African nation, the company said Thursday. During his visit to the presidential office in Maputo on Wednesday [...]
SEOUL, June 19 (Korea Bizwire) — HD Hyundai Construction Equipment Co. said Thursday it has signed a memorandum of understanding (MOU) with Indonesia’s Hasnur Group as part of efforts to strengthen its presence in the rapidly growing Indonesian mining market. Under the partnership, the two sides plan to cooperate in areas of mining equipment supply, [...]
SEOUL, June 19 (Korea Bizwire) – LG Energy Solution, South Korea’s leading battery manufacturer, said Thursday it has signed a deal with Toyota Tsusho Corp., a trading company under Japan’s Toyota Group, to set up a battery recycling joint venture (JV) in the United States. The new company, Green Metals Battery Innovations LLC, will be [...]
SEOUL, June 19 (Korea Bizwire) — Contrary to persistent public concerns that foreign nationals are draining South Korea’s national health insurance system, new data reveal a dramatically different reality: foreign enrollees have delivered a growing budget surplus for eight consecutive years, reaching an all-time high in 2024. According to figures released Wednesday by the National [...]
SEOUL, June 19 (Korea Bizwire) — In a milestone for South Korea’s luxury financial market, Hyundai Card has become the first local issuer to launch the American Express Centurion Card—widely known as the “original black card”—marking the domestic debut of a product long reserved for the global ultra-elite. The card, issued exclusively by invitation and [...]
SEOUL, June 19 (Korea Bizwire) — For the first time, more than 30% of cardiac arrest patients in South Korea received cardiopulmonary resuscitation (CPR) from bystanders before emergency personnel arrived—marking a milestone in public health efforts to improve survival outcomes outside of hospital settings. According to data released Wednesday by the Korea Disease Control and [...]