Genesis Unveils Design of Revamped GV60, Launch Set in Q1
4 days ago · SEOUL, Jan. 6 (Korea Bizwire) — Genesis, the independent luxury brand of Hyundai Motor Group, on Monday revealed the design of its revamped all-electric GV60 sport utility vehicle (SUV) ahead of its domestic launch in the first quarter. It marks the first time that the GV60 has undergone a redesign since its debut in October 2021. At the front, the GV60 sports a redesigned bumper with a ...
Lotte Group to Sell Car Rental Arm for $1.12 Billion Amid Liquidity ...
SEOUL, Dec. 7 (Korea Bizwire) – South Korea’s retail conglomerate Lotte Group said Friday it has picked a Hong Kong-based private equity fund for talks to sell its car rental arm for 1.6 trillion won (US$1.12 billion), marking its first major deal amid concerns over a potential liquidity crisis. Under the agreement, Lotte Group has selected Affinity Equity Partners as the preferred bidder ...
Protests in South Korea Highlight Revival of Older Smartphones …
SEOUL, Dec. 13 (Korea Bizwire) – Amid disruptions to mobile networks during large-scale protests calling for the impeachment of the president, older smartphones equipped with terrestrial DMB (Digital Multimedia Broadcasting) technology have become unexpectedly essential. The technology, which allows users to watch live broadcasts without relying on mobile networks, is gaining renewed ...
NCsoft Expands into Casual Gaming with New Lineage-Based Project
SEOUL, Dec. 6 (Korea Bizwire) – NCsoft, the South Korean gaming giant, has initiated development of a new casual game based on its Lineage intellectual property, following the recent release of Journey of Monarch, according to gaming industry sources.. The company posted job listings on December 2 for content planners for what it describes as a “new casual” project.
Protests in South Korea Spark Surge in Secondhand K-Pop …
SEOUL, Dec. 12 (Korea Bizwire) – South Korea’s ongoing political protests have taken an unexpected cultural turn, with young demonstrators incorporating K-pop lightsticks—typically used at concerts—into their gatherings. As crowds chant and wave lightsticks to popular songs, the vibrant displays are transforming the nation’s protest culture.
South Korean Small Businesses Face Crisis as December Sales …
SEOUL, Dec. 20 (Korea Bizwire) – Amid growing concerns over domestic consumption following the December 3 martial law crisis, small business owners and self-employed workers are reporting devastating impacts on what should be their peak season for sales. A post titled “December Sales Have Gone Crazy Due to National Crisis” appeared on December 18 in an online community for self-employed ...
Corporate Governance in South Korea Shifts Toward Transparency …
SEOUL, Dec. 6 (Korea Bizwire) – South Korea is witnessing a steady shift toward transparent corporate governance as more conglomerates adopt holding company structures. However, concerns are mounting over indirect investments via overseas subsidiaries, potentially enabling unfair internal transactions and abuse of authority.
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South Korea’s Population Imbalance Grows as Urbanization Accelerates. SEOUL, Jan. 4 (Korea Bizwire) — South Korea’s population distribution continues to tilt heavily toward the Seoul metropolitan area, with the gap between urban and rural populations reaching an all-time high in 2024, according to government data released on January 3, 2025.
Rolls-Royce Opens Bespoke Design Hub in Seoul's Iconic Lotte …
SEOUL, Nov. 28 (Korea Bizwire) – Rolls-Royce Motor Cars has unveiled its bespoke design studio, “Private Office Seoul,” located in the prestigious Lotte World Tower in Seoul, the company announced Thursday. The space offers a heightened level of customization, surpassing the tailored services traditionally available at Rolls-Royce showrooms in Cheongdam and Busan.
Streaming Platforms and TV Networks Blur Boundaries in Korea, …
SEOUL, Dec. 7 (Korea Bizwire) – The once-clear divide between streaming platforms and traditional TV broadcasters in South Korea is rapidly dissolving, as collaborations between these two sectors become increasingly common. This trend underscores the evolving landscape of content distribution, driven by changing viewer habits and the financial pressures of …