Renault Korea Begins Mass Production of New Grand Koleos …
SEOUL, July 16 (Korea Bizwire) – Renault Korea Motors Co., the South Korean unit of French auto group Renault S.A., said Tuesday it has begun mass production of its new hybrid SUV, the Grand Koleos. The company said it held a celebration for the first unit of the Grand Koleos at its manufacturing plant in the southern port city of Busan on Monday.
South Korean Mask Dance Festival Unites Global Cultures in Andong
ANDONG, Sept. 13 (Korea Bizwire) – The 2024 Andong International Mask Dance Festival, a prestigious cultural event that aims to unite people from around the world, is set to take place in Andong, North Gyeongsang Province, from September 27 to October 6. This year’s festival, designated as an honorary representative cultural tourism event of South Korea, will be held under the theme ...
Foreclosures Surge in South Korea as Homeowners Struggle with …
SEOUL, Aug. 6 (Korea Bizwire) – In a stark reversal of fortune for South Korea’s once-booming real estate market, the number of properties entering foreclosure has skyrocketed, reaching levels not seen in over a decade. According to government data released on August 4, July saw 13,631 applications for the commencement of voluntary auction registration for real estate properties.
Military Deploys Upgraded Radar System for Coastal Units
SEOUL, Sept. 20 (Korea Bizwire) — The military has deployed an upgraded radar system for units monitoring coastal areas to bolster their operational capabilities, the state arms procurement agency said Friday. The system completed deployment late last month at various Army and Navy units stationed near the coast and on islands as part of a project that began in 2022 to enhance performances ...
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Oct 24, 2014 · Medical Disputes in South Korea Drag On with Low Success Rates. SEOUL, Oct. 18 (Korea Bizwire) – Civil lawsuits arising from medical disputes in South Korea take an average of over two years to reach a first-instance verdict, causing significant psychological and economic burdens for both patients and medical professionals, according to a recent report.
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About team of The Korea Bizwire. The Korea Bizwire is committed to reporting on “uniquely Korean” stories for our readers. But we also provide enhanced coverage of useful news from all over the world if we find them of interest or relevance to our global audience.
Apple's iPhone 16 Pro Likely to See 10% Price Hike as South Korea …
SEOUL, Sept. 9 (Korea Bizwire) – As Apple prepares to include South Korea in its initial launch of the iPhone 16, industry insiders predict a significant price increase for the Pro models, which are particularly popular among Korean consumers. According to telecommunications industry sources, Apple plans to commence sales of its new iPhone 16 …
Samsung’s Texas Chip Gambit Hits Snag as Korean Staff Return …
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 chip production ...
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LIG Nex1 Wins 3.7 Tln-won Deal to Export Missile Defense System Cheongung-II to Iraq. SEOUL, Sept. 20 (Korea Bizwire) — LIG Nex1 Co., South Korea’s major defense firm, said Friday it has secured a 3.7 trillion-won (US$2.78 billion) contract with Iraq to export its Cheongung-II medium-range surface-to-air missile defense system.
Highball Craze Drives Surge in South Korean Liquor Tax Revenue
SEJONG, Sept. 18 (Korea Bizwire) – The growing popularity of highballs in South Korea’s alcoholic beverage market has led to an increase in liquor tax revenue, reflecting changing consumer tastes in the country’s drinking culture. According to data obtained from the National Tax Service by Park Sung-hoon, a lawmaker from the People Power Party, overall liquor tax collection rose modestly ...