SEOUL, Sept. 21 (Korea Bizwire) –New allegations have emerged regarding the Korean Football Association’s (KFA) recent appointment of a national team coach, casting a shadow over the selection process. On September 19, a figure identifying himself as the CEO of JP Sports Group, Pietro Jun, took to social media to voice concerns about the KFA’s [...]
SEOUL, Sept. 19 (Korea Bizwire) – The rapid growth of coworking spaces in Seoul, which surged during the COVID-19 pandemic, is now showing signs of deceleration. This shift is attributed to a decline in demand from the startup sector and the recent bankruptcy of WeWork, the pioneer of the coworking model. According to a report released [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a significant shift in South Korea’s automotive landscape, imports of Chinese electric vehicles have surpassed the 1 trillion won mark this year, according to data from the Ministry of Trade, Industry and Energy and the Korea International Trade Association. From January to July, South Korea’s battery electric vehicle (BEV) [...]
SEOUL, Sept. 18 (Korea Bizwire) – As the global electric vehicle (EV) market navigates through a temporary dip in demand, South Korean automakers and financial institutions are introducing innovative products to spark consumer interest. These offerings, centered around guaranteeing the residual value of EV batteries, are reshaping the future of EV ownership. At the heart of [...]
SEOUL, Sept.16 (Korea Bizwire) – In a stark contrast that highlights the growing cultural divide between North and South Korea, the consumption of dog meat has emerged as a contentious issue on the Korean peninsula. While South Korea has recently moved to prohibit the practice, North Korea continues to promote it as a cherished culinary tradition. [...]
SEOUL, Sept.16 (Korea Bizwire) – As Hyundai Motor Company recently announced plans to mass-produce extended-range electric vehicles (EREVs), the battery industry is closely watching the potential impact of this emerging technology. While the market viability of EREVs remains to be fully proven, there’s growing optimism that the expansion of this sector could provide a much-needed boost [...]
SEOUL, Sept. 14 (Korea Bizwire) – A public controversy has erupted in South Korea over the use of Seoul World Cup Stadium, pitting soccer fans against K-pop enthusiasts in a debate that highlights the challenges of maintaining world-class sports facilities while accommodating the country’s booming entertainment industry. The dispute was sparked by complaints from the national [...]
SEOUL, Sept. 12 (Korea Bizwire) – Samsung Electronics’ ambitious push into advanced chip manufacturing in the United States has encountered a significant setback, with the company recalling a majority of its Korean employees from its Taylor, Texas foundry project. This move signals a pause in the semiconductor giant’s drive to challenge Taiwan’s TSMC in the cutting-edge [...]
SEOUL, Sept. 12 (Korea Bizwire) – In a bid to boost employee morale and bridge generational gaps, several South Korean companies are turning to an unlikely source: e-sports tournaments. These in-house gaming competitions are becoming increasingly popular as a means to promote teamwork and create a more relaxed corporate culture. Hyundai Wia, a leading automotive parts [...]
SEOUL, Sept. 12 (Korea Bizwire) – The proportion of one-person households in South Korea is projected to surpass 40 percent in 2052 amid a delay in marriages and rapid aging, the statistics agency said Thursday. The number of households consisting of one member is forecast to reach 9.62 million in 2052, taking up 41.3 percent [...]