SEOUL, Dec. 26 (Korea Bizwire) – South Korean venture companies collectively achieved over 240 trillion won ($165 billion) in sales last year, ranking third among the nation’s top corporate groups, according to data released on December 25 by the Ministry of SMEs and Startups. This places them behind only Samsung Group (295 trillion won) and [...]
SEOUL, Dec. 26 (Korea Bizwire) — The 2024 South Korean baseball champions Kia Tigers finalized their signing of former major league slugger Patrick Wisdom on Thursday. The Tigers said Wisdom, a three-time 20-homer man for the Chicago Cubs, signed a one-year deal for US$1 million, the maximum amount for all first-year foreign players in the [...]
SEOUL, Dec. 26 (Korea Bizwire) — Insurance payouts for small business closures in South Korea have reached a historic high of 1.3 trillion won in 2024, reflecting the deepening impact of the economic slowdown, according to the Korea Federation of SMEs. The federation reported on December 25 that payments under the “Yellow Umbrella” business closure insurance [...]
SEOUL, Dec. 26 (Korea Bizwire) — The government unveiled a set of measures Thursday aimed at stabilizing its tourism sector, facing setbacks after President Yoon Suk Yeol’s brief martial law declaration and impeachment. The Ministry of Culture, Sports and Tourism reported the measures during a government meeting presided over by acting President and Prime Minister [...]
SEOUL, Dec. 26 (Korea Bizwire) — The Supreme Court on Thursday ordered a retrial for two former heads of humidifier disinfectant makers who had been sentenced to prison terms for producing and selling toxic products that resulted in illness and death among customers. The top court overturned the four-year prison sentences for Hong Ji-ho, former [...]
SEOUL, Dec. 26 (Korea Bizwire) — Kim Jin-ha, a 78-year-old small clothing shop owner in Seoul’s Yeomni-dong, begins his day arranging clothing displays and preparing his store for the day’s customers. Despite his dedication of 25 years to the store, Kim says he has seen his profits steadily decline, as sluggish consumer spending has made [...]
SEOUL, Dec. 26 (Korea Bizwire) – In 2025, South Koreans will see a number of small and big changes, including some that will improve convenience in their daily lives and some that may even lead to changes in how they live. Among Korean companies, CJ Logistics Corp. is set to take what may be the [...]
SEOUL, Dec. 26 (Korea Bizwire) — The historical drama “Harbin” dominated the local box office on Christmas Day, setting a new post-pandemic record for holiday attendance, its distributor said Thursday. The film drew 847,819 moviegoers on the day, reaching a cumulative audience of 1.25 million within just two days of its release, according to CJ [...]
SEOUL, Dec. 26 (Korea Bizwire) — Jennie of K-pop girl group BLACKPINK has revealed plans to release a solo, “life-reflecting” album next year. According to her agency, OA Entertainment, she shared the announcement in a “Happy Holidays” video posted on the company’s website the previous day. “I now have satisfactory results from 11 months of [...]
SEOUL, Dec. 26 (Korea Bizwire) — The opposition-controlled National Assembly is set to vote on the appointment of three Constitutional Court justice nominees at a parliamentary plenary meeting Thursday. It remains to be seen whether acting President Han Duck-soo would approve the final appointment of the three new judges. The main opposition Democratic Party (DP) [...]