SEOUL, Jan. 8 (Korea Bizwire) — The Korea Chamber of Commerce and Industry (KCCI) unveiled its 2025 Retail Industry White Paper on January 7, identifying “S.N.A.K.E”—Survival, Next, AI, K-Culture, and Economical Consumption—as the year’s key consumer market trends. Survival in a Stagnant Market With global economic challenges and stagnating consumer markets, competition for limited spending [...]
SEOUL, Jan. 8 (Korea Bizwire) — With a win and a runner-up finish between them over the past two seasons at the Sony Open in Hawaii on the PGA Tour, South Korean veterans An Byeong-hun and Kim Si-woo said Wednesday they will try to build on their fond memories of the tournament this week. Both [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea’s Defense Acquisition Program Administration (DAPA) announced on January 7 the completion of a performance enhancement project for five types of K-series armored vehicles, improving field operability and safety. The upgraded models include the K200A1 infantry carrier, K242A1 (4.2-inch mortar), K281A1 (81mm mortar), K277A1 command post vehicle, and [...]
SEOUL, Jan. 8 (Korea Bizwire) — North Korea’s state media has made no mention of leader Kim Jong-un’s birthday, which reportedly falls on Wednesday, despite speculation the North may formalize its celebrations this year amid its glorification campaigns for him. North Korea has not officially designated Kim’s birthday, known to be Jan. 8, for special [...]
SEOUL, Jan. 8 (Korea Bizwire) — Global investment banks are increasingly sounding alarm bells over South Korea’s unprecedented low growth trajectory amid continuing political instability, with attention turning to a potential interest rate cut in January. JP Morgan has issued the most pessimistic outlook, projecting just 1.3% growth for the country in 2025, as domestic economic [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) — Jensen Huang, CEO of Nvidia Corp., on Tuesday hinted that Samsung Electronics Co. will soon be able to supply its high bandwidth memory (HBM) chips to the U.S. AI chip giant. “They are working on it. They’re gonna succeed. No question,” Huang said in a press event on [...]
SEOUL, Jan. 8 (Korea Bizwire) — The global sensation “Squid Game” Season 2 maintained its dominance on Netflix’s Top 10 Non-English TV list for the second consecutive week following its release, the streaming giant said Wednesday. The series garnered 58.2 million views during the week ending last Sunday, securing the No. 1 spot in 91 [...]
SEOUL, Jan. 8 (Korea Bizwire) — The National Assembly was set to hold a revote Wednesday on two special counsel bills targeting impeached President Yoon Suk Yeol over his failed martial law bid and allegations surrounding first lady Kim Keon Hee. The special counsel bill targeting Yoon calls for the designation of special prosecutors to [...]
SEOUL, Jan. 8 (Korea Bizwire) — The Korean historical drama film “Harbin” has been sold to 117 countries, its distributor said Wednesday. “It is meaningful in that the movie with a distinctly Korean narrative achieved successful international sales,” CJ ENM said in a press release. The movie has already premiered in several markets, including the [...]
SEOUL, Jan. 8 (Korea Bizwire) – Hyundai Steel Co. is reviewing constructing an automotive steel mill in the United States to respond to the incoming Donald Trump administration’s protectionist policies, industry sources said Wednesday. The steel-making unit of South Korea’s auto giant Hyundai Motor Group has discussed the estimated 10 trillion won (US$6.9 billion) investment [...]