SEOUL, May 30 (Korea Bizwire) – South Korea’s automakers led all industries in cash dividends paid to shareholders last year, reflecting a boom in exports and demand for eco-friendly vehicles even as a global chip slump weighed on technology giants. Listed companies distributed a total of 29.5 trillion won in cash dividends for 2023, up 3.3% [...]
SEOUL, May 29 (Korea Bizwire) – The spate of tanghulu (Chinese candied fruit skewer) shop closures in South Korea is a foretold tragedy. An analysis shows that tanghulu sales peaked in September 2023, just six months after the trend took off, and have been rapidly declining since. The fleeting nature of fad food businesses like Taiwanese [...]
SEOUL, May 29 (Korea Bizwire) — South Korea’s major mobile carrier SK Telecom Co. said Wednesday it has officially launched its artificial intelligence (AI)-based veterinary care assistance service X Caliber in Australia and Indonesia. It marks the first official launch of X Caliber outside of South Korea, SK Telecom said, adding the company will work [...]
SEOUL, May 29 (Korea Bizwire) – Where do young adults in Seoul most frequently dine out on weekends? According to an analysis by the Shinhan Card Big Data Research Institute, the trendy district of Mapo has overtaken the city’s traditional downtown as the prime weekend dining destination for those in their 20s. From 2019 through last [...]
SEOUL, May 29 (Korea Bizwire) – In a powerful display of their demands, around 20,000 nurses (according to organizers) gathered in front of the National Assembly in Seoul on May 23, raising their voices for the enactment of a separate nursing law. After resident doctors left hospitals in protest of the government’s plan to increase medical [...]
SEOUL, May 29 (Korea Bizwire) – LG Electronics has announced its commitment to fostering sustainable ecosystems worldwide, putting into practice its ESG (Environmental, Social, and Governance) vision of “A Better Life for All.” In Spain and Portugal, LG’s Spanish subsidiary is spearheading the ‘Smart Green Tree’ reforestation campaign, planting seed bombs – a mixture of soil, [...]
PARIS/SEOUL, May 28 (Korea Bizwire) – The K-pop singer and actress Yoona, who attended the Cannes Film Festival this month, has become embroiled in allegations of discriminatory behavior by a female security guard monitoring the red carpet. On May 19, Yoona, formerly of the hugely popular K-pop group Girls’ Generation, drew the spotlight at the 77th [...]
SUWON, May 28 (Korea Bizwire) –A former Chinese employee of SK Hynix has been arrested and indicted on charges of illegally transferring the company’s core technology for reducing semiconductor defects to Huawei, the Chinese tech giant, prosecutors said on May 28. The 30-year-old woman, identified only by her last name A, worked at SK Hynix’s [...]
SEJONG, May 28 (Korea Bizwire) – A procession of studies has highlighted the inverse relationship between women’s economic participation and birthrates in South Korea, where childcare responsibilities still largely fall on mothers. The International Monetary Fund recently urged South Korea and Japan to establish a positive cycle in which greater female workforce participation contributes to economic [...]
SEOUL, May 27 (Korea Bizwire) – LG Electronics orchestrated a large-scale picnic on the Champs-Élysées in Paris on May 26 to celebrate the local launch of its MoodUP InstaView refrigerator. Coinciding with the city’s monthly car-free day that closes the iconic avenue to traffic, LG took the opportunity to organize its own promotional festivities. The company [...]