SEOUL, June 10 (Korea Bizwire) — South Korean consumers ranked the dawn delivery market as the most consumer-friendly, while wedding services received the lowest score in a nationwide survey released Tuesday by the Korea Consumer Agency. The findings are part of the agency’s “2024 Consumer Market Evaluation Index,” which assesses how consumer-oriented various markets are [...]
SEOUL, June 10 (Korea Bizwire) — As South Korea’s new administration moves to position the country as a global hub for digital assets, a majority of Koreans say they plan to increase their investment in cryptocurrencies and related financial products, according to a nationwide survey released Monday. The Korea Chamber of Commerce and Industry (KCCI) [...]
SEOUL, June 10 (Korea Bizwire) — Kia Corp. announced Tuesday that it has begun mass production of its next-generation standard medium-duty military vehicles, marking the first full-scale model renewal in 48 years. The automaker held a rollout ceremony at its Autoland Gwangju plant, attended by over 100 officials, including senior representatives from the Ministry of National [...]
SEOUL, June 10 (Korea Bizwire) — South Korean companies turned to banks at a significantly higher rate in the first quarter of 2025, with demand for operating funds driving a sharp rise in corporate borrowing, according to new data released Tuesday by the Bank of Korea (BOK). The total outstanding loans to local companies reached 1,979.5 [...]
SEOUL, June 10 (Korea Bizwire) — Hwang Dong-hyuk, creator and director of Netflix’s global hit Squid Game, said the upcoming second and third seasons will conclude the epic saga while shifting focus from delivering a message to raising profound questions about humanity’s future in a capitalist society. At a press conference held Monday in Seoul, [...]
SEOUL, June 10 (Korea Bizwire) — Hyundai Motor Co. on Tuesday released the face-lifted Nexo hydrogen-powered sport utility vehicle (SUV) in South Korea, unveiling key features and price schemes for the fully revamped model. The upgraded hydrogen fuel cell electric vehicle (FCEV) model boasts a futuristic design that blends urban and outdoor utility, a driving [...]
SEOUL, June 10 (Korea Bizwire) — Transactions of over-the-counter (OTC) derivatives rose to the highest level last year, helped by a sharp increase in currency forwards and interest swaps, data showed Tuesday. The combined turnover of OTC derivatives, including stock options and interest rate swaps, came to 26,461 trillion won (US$19.41 trillion) last year, up [...]
SEOUL, June 10 (Korea Bizwire) — Despite its wealth of manufacturing data, South Korea lacks the standardization and integration infrastructure necessary to fully leverage industrial artificial intelligence (AI), according to a new report calling for more proactive engagement from both government and industry. In its latest publication, “AI-Driven Transformation of Korea’s Key Export Industries,” the [...]
SEOUL, June 10 (Korea Bizwire) –To mark the 20th anniversary of its Yongsan relocation, the National Museum of Korea has launched a major special exhibition titled “A New Nation, A New Art: Masterpieces from the Early Joseon Dynasty,” showcasing the artistic innovations that emerged during Korea’s foundational 15th–16th centuries. Opening this week, the exhibition brings [...]
SEOUL, June 10 (Korea Bizwire) — South Korea will require manufacturers and importers of plastic toys to recover and recycle a portion of their products starting in 2026, under a revised regulation aimed at curbing plastic waste. The Ministry of Environment announced Monday that it will begin a 40-day legislative notice period on an amendment [...]