SEOUL, Aug. 21 (Korea Bizwire) – Kim, a Seoul resident who has long avoided dental check-ups, recently began exploring dental insurance options after experiencing swollen gums and sensitive teeth. With individual inlays and crowns costing hundreds of thousands of won, the potential treatment expenses are daunting. However, Kim faces an ethical dilemma after hearing advice from [...]
SEOUL, Aug. 21 (Korea Bizwire) – Hyundai Rotem, a leading South Korean railway equipment manufacturer, has reported a record-breaking order backlog in its rail division, securing approximately eight years of work ahead. The company is now setting its sights on additional high-speed rail contracts while reinforcing its production facilities to ensure timely deliveries. As of the [...]
SEOUL, Aug. 21 (Korea Bizwire) – In the wake of electric vehicle (EV) fire controversies, lithium iron phosphate (LFP) batteries are gaining attention in the global market. Known for their stability and cost-effectiveness, LFP batteries are seeing steady demand compared to their premium counterparts, nickel-cobalt-manganese (NCM) batteries. However, South Korean battery manufacturers find themselves in a [...]
YANGYANG, Aug. 21 (Korea Bizwire) – With sweltering temperatures persisting throughout the summer, beach resorts in Gangwon Province have seen a surge in visitors compared to previous years. However, the tourist hotspot of Yangyang County has experienced an unexpected decline, raising questions about changing travel patterns and local challenges. According to data released by Gangwon Province [...]
SEOUL, Aug. 21 (Korea Bizwire) – In a remarkable turnaround story, Hyundai Motor’s Turkish plant has transformed from a struggling venture to a vital hub in the automaker’s global operations, boasting an industry-leading utilization rate of 119.9% in the first half of this year. The Hyundai Assan Otomotive Sanayi (HAOS) facility, located in Izmit, Turkey, has [...]
SEOUL, Aug. 21 (Korea Bizwire) – South Korea’s National Assembly is advancing legislation to address the widespread rental fraud scheme known as “jeonse” scams, with the plight of foreign victims highlighting the complexities of the country’s unique housing market and the challenges of providing equitable support. On August 20, amendments to the Special Act on Jeonse [...]
SEOUL, Aug. 20 (Korea Bizwire) – The South Korean medical community is sharply divided over the nursing bill that calls for greater roles for nurses, with doctors threatening to stage anti-government rallies in case of its enactment, officials said Tuesday. In June, the ruling People Power Party and the main opposition Democratic Party each proposed a [...]
SEOUL, Aug. 20 (Korea Bizwire) – With just 87 days remaining until South Korea’s College Scholastic Ability Test (CSAT) for the 2025 academic year, an unexpected trend has emerged: Medical professionals, including former residents, medical students, and current professors, are advising aspiring medical students to reconsider their career paths. On August 19, multiple posts appeared on [...]
SEOUL, Aug. 20 (Korea Bizwire) – The South Korean government has announced an increase in the meal expense limit for public officials, journalists, and private school staff under the country’s anti-graft law, known colloquially as the “Kim Young-ran Law.” The change, set to take effect on August 27, will raise the maximum allowable meal expense from [...]
SEOUL, Aug. 20 (Korea Bizwire) – Small business owners in South Korea are preparing to differentiate prices between in-store and delivery orders, a move triggered by a recent increase in commission fees by Baemin, the country’s largest food delivery platform. This collective action, set to begin on August 22, is raising concerns about potential inflationary pressures [...]