SEOUL, Feb. 2 (Korea Bizwire) — Volvo Cars Korea announced on Monday the official launch of the EX30, its premium electric sports utility vehicle (SUV), in the South Korean market. The EX30, which sold nearly 100,000 units globally last year, emerged as the best-selling premium electric vehicle (EV) in Europe among non-EV-exclusive brands, with 78,032 units [...]
SEOUL, Feb. 3 (Korea Bizwire) — In a sign of shifting market dynamics, new applications for reverse mortgages in South Korea increased while cancellations decreased as the real estate market showed signs of cooling at the end of last year. According to data from the Korea Housing Finance Corporation’s housing finance statistics system, new reverse mortgage [...]
SEOUL, Feb. 3 (Korea Bizwire) — The Ministry of Environment has designated the black crane or hooded crane (Grus monacha) as February’s “Endangered Species of the Month,” highlighting the growing conservation concerns surrounding the migratory bird, officials announced on Sunday. Classified as a Level 2 endangered species in South Korea, the black crane breeds in Siberia [...]
SEOUL, Feb. 3 (Korea Bizwire) — Fashion and apparel companies are increasingly leveraging short-form videos to tell brand stories and boost marketing efforts, industry sources reported on February 2. Major fashion brands and platforms are expanding their YouTube presence and video content offerings on their platforms, responding to the preferences of their primary customer base – [...]
SEOUL, Feb. 2 (Korea Bizwire) — LG Electronics has officially launched the ‘LG StandbyME 2’ in the domestic market, marking the first major update to its popular lifestyle screen series in four years. The new model enhances mobility and usability, featuring an improved moving-wheel system and versatile viewing angles. One of the key innovations of the [...]
YANGPYEONG, South Korea, Feb. 2 (Korea Bizwire) — For decades, Oh Hwang-taek, chairman of the Dooyang Cultural Foundation, has been one of South Korea’s most prominent collectors of designer furniture. But a chance encounter more than a decade ago led him down an unexpected path—amassing one of the world’s most comprehensive collections of Polish posters from the [...]
SEOUL, Feb. 2 (Korea Bizwire) — Four out of 10 foreigners visiting South Korea for medical treatment said the country’s culture influenced their decision to come here, a survey showed Sunday. More than 41 percent of those surveyed answered positively when asked if the cultural experience in South Korea influenced their decision to receive medical [...]
SEOUL, Jan. 31 (Korea Bizwire) — While students, parents, and teachers broadly acknowledge the authority of teachers as professionals, a new survey reveals a significant gap between this recognition and the actual respect and autonomy afforded to educators in South Korea. According to a report by the Korea Educational Development Institute (KEDI), more than 80% of [...]
SEOUL, Jan. 30 (Korea Bizwire) — LG Electronics has received official certification for Google Cast on its hotel TVs, enabling guests to seamlessly stream content from online video platforms without additional logins or network configurations. Google Cast, a wireless content-sharing technology developed by Google, allows users to transmit media between devices effortlessly. LG Electronics announced on [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korea’s female suicide rate is projected to worsen through 2030, rising from 15.1 to 16.6 per 100,000 people, even as the overall national suicide rate declines, according to a government health report. The findings were published in the ‘2024 Key Indicator Analysis Report’ by the Ministry of Health and [...]