Koreabizwire | Be Korea-savvy
WEBSEOUL, Oct. 3 (Korea Bizwire) – In a landmark decision, South Korea’s Supreme Court has ruled that designated drivers can be classified as workers under the country’s labor union law, potentially opening the door for collective bargaining rights based on their employment status. The ruling, handed down on September 27, marks the first ...
South Korean Startup Leaders Pessimistic About Business Climate, …
WEB1 day ago · SEOUL, Oct. 5 (Korea Bizwire) – A recent survey has revealed that 42.7% of startup founders in South Korea view the current startup ecosystem negatively, highlighting growing concerns over the challenging business climate in one of Asia’s tech hubs. The survey, conducted by Google as part of its ChangGoo program, polled 100 startup leaders between September 12 and 27.
South Korea Introduces Lightweight Water Bottles, Catching Up to …
WEB2 days ago · SEOUL, Oct. 4 (Korea Bizwire) – In a move to reduce plastic waste, South Korea is set to introduce its first domestically produced lightweight water bottles, bringing a familiar sight from overseas travel to local store shelves. The Ministry of Environment announced on October 3 that Lotte Chilsung Beverage will launch its ICIS N bottled water on October 8, featuring the country’s lightest ...
South Korean Consumers Spend 480,000 Won Annually on …
WEB3 days ago · SEOUL, Oct. 3 (Korea Bizwire) – South Korean consumers are spending close to 500,000 won per year on subscription services, according to a new report released on October 2. The “Subscription Wars 2024″ report, presented by the British subscription bundling and payment company Bango at the M360 APAC conference in Seoul, reveals that South Korean consumers spend an average of $363 ...
South Korea Emerges as Popular Working Holiday Destination
WEBSEOUL, Sept. 29 (Korea Bizwire) – A recent study has revealed that foreign visitors on working holiday visas in South Korea stay an average of 8.5 months, embark on 5.6 domestic trips, and spend about 970,000 won per month. These findings come from a report titled “K-Working Holiday: Why Choose Korea?” published on September 25 by the Ministry of Culture, Sports and Tourism and the Korea ...
About The Korea Bizwire - Be Korea-savvy
WEBWe 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 ...
Premieres to Look Out for: Korean Films to Catch at BIFF
WEB4 days ago · BUSAN, Oct. 2 (Korea Bizwire) — As the annual Busan International Film Festival (BIFF), Asia’s largest, gears up to offer cinephiles over 200 films, here are some recommendations for audiences eager to discover new Korean films. Each of the films highlighted will have its worldwide premiere at this year’s BIFF. “Uprising” Starring Gang Dong-won and Park Jeong-min, “Uprising,” set ...
Business Archives - Be Korea-savvy
WEBSEOUL, Sept. 27 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co., a major South Korean shipyard, said Friday it has secured a 674.6 billion-won (US$511.3 million) order to build four container ships from an Asian shipper. HD Hyundai Samho Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will ...
K-Pop Power: How Global Brands are Tapping into the Korean Wave
WEBFeb 26, 2024 · According to a Lotte Wellfood spokesperson, the campaign led to a significant sales boost, with Pepero sales increasing by over 17% in the campaign countries, attributing the success to the organic viral spread among global influencers. The kimchi brand Jongga has also tapped into K-pop’s …
International Affairs Archives | Be Korea-savvy
WEBSEOUL, Aug. 27 (Korea Bizwire) – North Korea has sent more than 13,000 shipping containers suspected of carrying arms to Russia since mid-2022 amid deepening bilateral military ties, a lawmaker said Tuesday, citing a military intelligence report. The North delivered the shipments that could hold more than 6 million 152-millimeter artillery ...