SEOUL, April 16 (Korea Bizwire) — The average length of service of employees at 80 major South Korean companies has increased in the past five years despite frequent job changes among young workers and retirement programs for senior workers, a corporate data tracker said Wednesday. In its survey of 80 companies that released data on [...]
SEOUL, April 16, (Korea Bizwire) — Nearly one-third of Seoul’s underground sewer lines have surpassed 50 years of age, with some districts relying on antiquated infrastructure for more than half of their networks, raising concerns over public safety and the growing risk of sinkholes. According to data disclosed by Rep. Jin Sun-mi of the Democratic [...]
SEOUL, April 15 (Korea Bizwire) — After more than a decade of planning, South Korea’s first public art museum devoted exclusively to photography is set to open in Seoul’s Dobong District on May 29. The Seoul Museum of Photography, a new branch of the Seoul Museum of Art (SeMA), spans 7,048 square meters across two underground [...]
SEOUL, April 15 (Korea Bizwire) — SK Telecom announced on Monday the launch of a groundbreaking “T In-Flight Wi-Fi Auto Roaming” service on select Korean Air flights, marking the first time globally that automatic authentication technology has been applied to in-flight wireless internet. Developed in partnership with SK Telink, the new service allows SKT subscribers to [...]
SEOUL, April 15, (Korea Bizwire) — South Korea’s TV home shopping industry continues to face mounting financial strain as broadcasting fees soared to consume more than 70 percent of television sales revenue in 2024, despite a modest rise in overall sales. According to a report released Monday by the Korea TV Home Shopping Association, the [...]
SEOUL, April 15 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has launched a revamped model of the company’s long-running Avante compact sedan with upgraded convenience and driver assistance systems as standard features. The new Avante includes features such as button-start ignition, a welcome lighting system and a smart trunk function as standard across [...]
SEOUL, April 15, (Korea Bizwire) — A new industry survey has found that restaurant franchise owners in South Korea take an average of two years and seven months to recover their initial investment, while more than half continue to pay fees to headquarters long after opening. According to a report released Monday by the Korea [...]
SEOUL, April 15 (Korea Bizwire) — A new musical performance at Seoul’s Jongmyo Shrine will offer audiences a rare glimpse into a royal Confucian ritual once attended by queens during Korea’s Joseon Dynasty. The Cultural Heritage Administration and the National Heritage Center announced Monday that “Myohyeon: The Queen’s Record”, an original musical, will run from April [...]
SEOUL, April 14 (Korea Bizwire) — A growing number of young South Koreans are choosing to forgo marriage due to financial strain and evolving personal values, according to a government-backed survey released Monday. The 2nd National Population Behavior Survey, conducted in October 2024 by the Korea Population, Health and Welfare Association, revealed that 41.5% of unmarried [...]
LG Electronics Co. said Monday it has been named the most creative supplier of the year by General Motors Co. (GM) for its outstanding innovation and collaboration. At GM’s 33rd Supplier of the Year Awards held last week, LG Electronics received the Creativity Team Award in recognition of its role in redefining in-vehicle entertainment and [...]