Koreabizwire | Be Korea-savvy
Oct 24, 2014 · SEOUL, Nov. 11 (Korea Bizwire) – Diabetes, once primarily associated with older adults, is increasingly affecting younger South Koreans, with an estimated 308,000 people in their 20s and 30s living with the condition, according to new data. The Korean Diabetes Association, ahead of World Diabetes Day on November 14, released its “Diabetes ...
Korean Literature Breaks into Global Mainstream with Nobel Prize …
SEOUL, Oct. 11 (Korea Bizwire) — Han Kang’s historic win of the Nobel Prize in literature marks a major breakthrough for Korean literature, which has been gaining international recognition in recent years. Even before the Nobel triumph, numerous Korean authors had garnered acclaim on the world stage through prestigious international ...
Warming Waters Push South Korean Fishing Fleet to the Brink
BUSAN, Oct. 8 (Korea Bizwire) – Rising sea temperatures and deteriorating fishing conditions are driving a wave of closures among South Korea’s offshore fishing vessels, with more than half of the fleet considering decommissioning. The National Federation of Fisheries Cooperatives for Large Trawlers announced on October 7 that 74 out of 136 ...
About The Korea Bizwire - Be Korea-savvy
We created the Korea Bizwire with a simple motto: to be Korea-savvy to get ahead in the Asian age. Of late, Korea has come into the spotlight once again largely due to her dynamic cultural prowess — “Gangnam Style” by Psy is a typical example — but Korea is rich with other wonderful sources of pride, such as Korean cuisine, fashion ...
S. Korea’s Peak Electricity Demand Hits Record in Sept.
SEOUL, Oct. 9 (Korea Bizwire) — South Korea’s peak electricity demand hit a new record in September, as the scorching summer heat extended into the autumn season, data showed Wednesday. The country’s peak power demand last month averaged 78 gigawatts, a 6 percent increase from a year earlier, according to the Korea Power Exchange, marking the highest level for any September on record.
Chinese Scalpers Exploit Korean Ticketing Sites, Lawmakers Say
SEOUL, Oct. 11 (Korea Bizwire) – Chinese scalpers are illegally acquiring Korean user account information to purchase tickets for hard-to-book events and concerts in South Korea, potentially reaping significant profits from reselling them on the black market, according to a South Korean lawmaker. The allegations, raised during a parliamentary ...
Factory Fire in South Korea Highlights Lithium Battery Dangers
SEOUL, Jun. 25 (Korea Bizwire) – A devastating fire at a primary battery manufacturing plant in Hwaseong, South Korea, has once again brought the safety risks of lithium batteries into sharp focus. The blaze, which broke out at 10:31 a.m. on June 24 at the Aricell factory in Hwaseong’s Seosin-myeon district, has claimed the lives of 22 workers, with eight others injured.
Temu Establishes South Korean Subsidiary, Expanding Its E …
Apr 2, 2024 · SEOUL, Apr. 3 (Korea Bizwire) – Following in the footsteps of AliExpress, another major Chinese e-commerce platform, Temu, announced on April 2 the establishment of its South Korean subsidiary. Named “Whaleco Korea LLC,” the new venture marks Temu’s strategic expansion into the South Korean market. The establishment of Whaleco Korea LLC ...
Electric Vehicle Fire Risk Slightly Higher Than ... - Be Korea-savvy
SEOUL, Aug. 19 (Korea Bizwire) – A recent study by the Korea Insurance Development Institute has found that electric vehicles (EVs) in South Korea have a slightly higher risk of fire and explosion compared to traditional gasoline-powered cars, potentially impacting insurance premiums and safety perceptions. According to data released on August 18, there were 53 fire and explosion incidents ...
BTS Lego Set Available at Popup Stores in Seoul - Be Korea-savvy
SEOUL, March 6 (Korea Bizwire) – Hyundai Department Store is collaborating with BTS and the LEGO Group to open pop-up stores featuring the LEGO BTS Dynamite set, which goes on sale on Monday. The pop-up stores will be located at Hyundai’s Pangyo Store and The Hyundai Seoul until March 26, offering fans a chance to experience new products, see a LEGO BTS concert diorama, and take photos ...