SEOUL, Jan. 20 (Korea Bizwire) — With the start of the new season about two months away, teams in the Korea Baseball Organization (KBO) will start traveling to their spring training sites around the world this week. The defending champions, the Kia Tigers, will be one of three clubs traveling Wednesday, with manager Lee Bum-ho [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s credit default swap (CDS) premium, a key indicator of national credit risk, has started to decline after spiking due to political turbulence. The downturn signals a slight recovery in investor confidence following heightened concerns over political uncertainty. On January 17, the five-year CDS premium for South Korea [...]
SEOUL, Jan. 20 (Korea Bizwire) — Samsung Electronics has announced a strategic partnership with Nexon Korea and its subsidiary Neople to develop cutting-edge 3D gaming technology that doesn’t require special glasses, the company said on January 19. The collaboration centers on optimizing Nexon’s upcoming game “First Berserker: Khazan” for Samsung’s Odyssey 3D gaming monitor. The partnership [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s Defense Acquisition Program Administration (DAPA) is planning to develop a land-based version of its advanced Close-In Weapons System (CIWS-II), transforming a naval defense technology into a crucial last line of defense against North Korean artillery and drones. The system, which can fire thousands of rounds per minute to [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korean tech giants Samsung and LG are intensifying their push into artificial intelligence, developing proprietary AI models to boost productivity and streamline operations across their businesses. LG AI Research unveiled its latest AI model, EXAONE 3.5, in December and launched ChatEXAONE, an enterprise AI assistant available to employees within [...]
PYEONGCHANG, Jan. 20 (Korea Bizwire) — The 31st Daegwallyeong Snow Festival, featuring a whimsical “Snow Journey with Nundong-i,” will transform the Songcheon area of PyeongChang County — home to the 2018 Winter Olympics — into a winter wonderland from January 24 to February 2. The festival, which began in 1993 through grassroots community efforts, originated in [...]
SEOUL, Jan. 20 (Korea Bizwire) — A dedicated government task force to support the families of the victims of last month’s Jeju Air Co. plane crash has officially begun operations, the transport ministry said Monday. The task force will take over the responsibilities of an integrated support center established on Dec. 29, when a Jeju Air [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s labor market in 2024 showed strong overall employment figures, but significant challenges persist for youth employment and gender-based labor disparities, according to the Ministry of Employment and Labor. At a briefing on January 16, 2025, the Ministry reviewed detailed employment trends from the Statistics Korea report on [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea is set to allow companies to establish in-house graduate schools that can confer official master’s and doctoral degrees, marking a significant shift in corporate education and workforce development. The Ministry of Trade, Industry and Energy announced on January 16, 2025, that the enforcement decree for the “Special [...]
SEOUL, Jan. 17 (Korea Bizwire) — After years of robust growth during the Covid-19 pandemic, the K-pop industry has shown signs of cooling, with physical album sales declining and export revenues stagnating in the past year. Industry experts are looking to BTS and Blackpink’s planned comebacks to reinvigorate the market in 2025, while closely watching major [...]