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Naver Breaks Into the 10-Trillion-Won Club as Kakao Eyes a Comeback

SEOUL, Jan. 19 (Korea Bizwire) — Naver, South Korea’s leading internet platform company, is expected to surpass 10 trillion won ($7.6 billion) in annual revenue for 2024, setting a new record. According to financial projections compiled by Yonhap Infomax, Naver’s revenue for last year is estimated to have grown by 10.15% to reach 10.65 trillion won,

January 19, 2025 | Biz Outlook, Business Plans, Technology, Top News | 0 Comments

Hyundai Unveils Tailored EV Solutions for India’s Mobility Needs

SEOUL, Jan. 19 (Korea Bizwire) — Hyundai Motor Company revealed its vision for India’s micro-mobility market at the Bharat Mobility Global Expo 2025, showcasing concept models for three-wheeled and compact four-wheeled electric vehicles (EVs) designed specifically for the country’s unique transportation landscape. Micro-mobility, encompassing electric motorcycles and ultra-compact EVs, plays a critical role in regions like

January 19, 2025 | Automotive, Business, E Vehicles, Top News | 0 Comments

Historic Arrest: President Yoon Becomes First Sitting South Korean Leader Detained

SEOUL, Jan. 20 (Korea Bizwire) — South Korean President Yoon Suk-yeol has been formally detained following the issuance of a detention warrant on January 19, 2025, making him the first sitting president to be arrested as he faces allegations of insurrection. Yoon is expected to be moved to a solitary cell measuring approximately 3 square

January 19, 2025 | Law & Cases, National Politics, Top News | 0 Comments

Geoje City Emerges as a Hotspot for Film and TV Production

GEOJE, South Korea, Jan. 18 (Korea Bizwire) — Once known primarily as a shipbuilding hub, Geoje City in South Gyeongsang Province is gaining new recognition as a premier filming location for movies and television dramas. According to city officials, over 120 productions—including dramas, films, and variety shows—have been shot in Geoje since 2017. One of the most

January 18, 2025 | Culture & Society, Lifestyle, Top News, Travel & Leisure | 0 Comments

Rising Concerns Over Alopecia Areata: Beyond Hair Loss to Broader Health Impacts

SEOUL, Jan. 18 (Korea Bizwire) — Alopecia areata, a common autoimmune disorder causing sudden hair loss, is drawing heightened medical attention in South Korea due to its severe physical and psychological impacts. According to the Korean Hair Research Society (KHRS), approximately 180,000 patients sought treatment for alopecia areata in 2024, with severe cases affecting between 9,000

January 18, 2025 | Health & Wellness, Top News | 0 Comments

Rising Industrial Robot Accidents Highlight Urgent Need for Workplace Safety

SEOUL, Jan. 18 (Korea Bizwire) — As the use of industrial robots grows across South Korean workplaces, so too does the number of related workplace accidents, sparking calls for stronger safety measures. According to the Korea Occupational Safety and Health Agency (KOSHA), industrial robot-related accidents resulted in 10 fatalities between 2020 and August 2024. All victims

January 18, 2025 | Business Statistics, ICT & Tech Stats, Robot & Drone, Statistics, Survey & Research, Technology, Top News | 0 Comments

South Korea and Westinghouse Forge Nuclear Alliance to Expand Global Market Reach

SEOUL, Jan. 18 (Korea Bizwire) — In a significant strategic shift, Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corporation (KEPCO), and U.S.-based Westinghouse Electric Company have agreed to set aside ongoing intellectual property disputes and jointly pursue global nuclear power projects under the newly formed “Team KORUS” alliance. Though the specific terms of the

January 18, 2025 | Hydrogen/Nuclear & Renewable Energy, Policies and Regulation, Top News | 0 Comments