SEOUL, April 7 (Korea Bizwire) — South Korea’s domestic car sales hit a five-year low last year, but the average selling price of new models reached an all-time high, data showed Wednesday. Last year’s domestic auto sales amounted to 1,735,000 units, down 9 percent from a year ago and equivalent to 90 percent of the average [...]
SEOUL, April 6 (Korea Bizwire) — The booming art market in South Korea saw a surge in auction sales as of March. The Korea Arts Management Service reported that the total bidding price at 71 auctions led by 10 local auction houses during the first quarter of this year reached 78.5 billion won (US$64.4 million). [...]
SEOUL, April 6 (Korea Bizwire) — Hyundai Mobis Co., the auto parts making unit of Hyundai Motor Group. said Tuesday it will donate air-purifying plants grown by management staff to elementary schools as part of its ‘classroom forest’ project. The company plans to send 2,500 plants to 10 schools this year. In celebration of Arbor [...]
SEOUL, April 6 (Korea Bizwire) — A gaming OLED TV promotional video produced by LG Display Co., a major display panel maker in South Korea, is going viral in the online world. The company said Tuesday that three episodes of the ‘NO OLED NO GAME’ series, designed to promote the gaming performance of OLED TVs, [...]
SEOUL, April 5 (Korea Bizwire) — Koreans from all around the world are stepping up to help Ukrainian refugees who have fled from their homes following Russia’s invasion of their country. The Korean American Federation of Los Angeles and the Hwarang Youth Foundation sent US$500 as the first round of donations to each of the [...]
SEOUL, April 5 (Korea Bizwire) — The Rural Development Administration said Monday it will begin a pilot project to disseminate agricultural tech for low-carbon cultivation of crops at 10 locations across the country this year. The project comes as a part of the 2050 National Carbon Neutrality Scenario announced by the government last October. The [...]
SEOUL, April 5 (Korea Bizwire) — Electric vehicles (EVs) now account for more than 20 percent of Hyundai Motor Co.’s sales in the European market. The carmaker said it sold a total of 57,842 units in Europe in the first two months of this year, of which EVs accounted for 11,532 units. The share of [...]
SEOUL, April 4 (Korea Bizwire) — The nine fountains in Han River parks are making a comeback after a two-year hiatus following the coronavirus outbreak. The Seoul Metropolitan Government’s Hangang Project Headquarters began the operation of the Moonlight Rainbow Fountain at Banpo Bridge on Friday. The eight remaining fountains including the Music Fountain in Ttukseom [...]
SEOUL, April 4 (Korea Bizwire) — The Ministry of Agriculture, Food and Rural Affairs announced that it will begin supplying fruits to childcare facilities at elementary schools on Monday. The project will replace some of the bread and corn dogs given out to children with fruits more than once per week. This year, the government plans [...]
SEOUL, April 4 (Korea Bizwire) — Bulls have replaced horses in an unusual racing event where the jockeys were farmers instead of professionals. The strange sight was observed during a ‘ride with a bull’ competition held recently in North Korea. The Chosun Sinbo, a pro-North Korea newspaper in Japan, reported that the state held the [...]