SEOUL, Dec. 11 (Korea Bizwire) – A major South Korean advertising agency has identified seven emerging consumer trends that it says will shape markets in 2025, highlighting shifts in everything from luxury consumption to climate-responsive behaviors. Daehong Communications, in its “2025 D.Life Signal Report” released on December 10, outlined several key “signals of change” that it [...]
SEOUL, Dec. 10 (Korea Bizwire) – North Korea has not reported on last week’s martial law declaration in South Korea or its fallout in the following week through Tuesday, including the opposition’s push to impeach President Yoon Suk Yeol. North Korea’s key news media, including the Rodong Sinmun and the Korean Central News Agency, have [...]
SEOUL, Dec. 10 (Korea Bizwire) – South Korean electronics manufacturers are closely monitoring potential trade policy shifts as President-elect Donald Trump continues to emphasize the importance of high tariffs on Korean-made washing machines. Industry observers are particularly concerned about Trump’s campaign promise to impose a universal 10-20% tariff on all imports, which could affect the entire range [...]
SEOUL, Dec. 10 (Korea Bizwire) — Netflix’s “Squid Game” Season 2 has been nominated for best drama at the 82nd Golden Globe Awards, making history as one of the few shows to secure a nomination prior to its release. According to the list of nominees announced by the awards Monday (U.S. time), the Korean survival [...]
SEOUL, Dec. 10 (Korea Bizwire) – Political turmoil following President Yoon Suk Yeol’s declaration of martial law has cast doubt on South Korea’s anticipated 9 trillion won export deal with Poland for additional K2 Black Panther tanks. As the December 3 martial law crisis continues to impede the president’s ability to perform his duties normally, concerns are [...]
SEOUL, Dec. 10 (Korea Bizwire) — South Korean companies are set to receive a large number of innovation awards at the upcoming CES 2025, the country’s state-run trade promotion agency said Tuesday. In an initial list released by the Consumer Technology Association, the event organizer, 129 South Korean firms were named among the 292 recipients [...]
SEOUL, Dec. 10 (Korea Bizwire) – Leading South Korean construction companies are grappling with mounting profitability challenges as the industry faces a prolonged downturn. Cost-to-sales ratios have climbed above 90%, up sharply from the traditional mid-80% range in recent years, with some firms seeing ratios exceed 95%. According to NICE Information Service, the average cost-to-sales ratio for [...]
SEOUL, Dec. 10 (Korea Bizwire) — Former Defense Minister Kim Yong-hyun issued an order to prevent 150 lawmakers from gathering at the National Assembly on the night of last week’s martial law declaration, a military commander said Tuesday. Lt. Gen. Kwak Jong-keun, chief of the Army Special Warfare Command, claimed at a parliamentary session that [...]
SEOUL, Dec. 10 (Korea Bizwire) — The National Assembly is set to open a plenary session Tuesday to vote on a bill mandating a permanent special counsel to investigate treason charges against President Yoon Suk Yeol over his failed bid to impose martial law last week. The bill calls for an investigation into Yoon, former [...]
SEOUL, Dec. 10 (Korea Bizwire) — Cho Ji-ho, commissioner general of the Korean National Police Agency, and two other top police officials have been banned from leaving the country in connection with the ongoing police investigation into President Yoon Suk Yeol’s short-lived declaration of martial law last week, the National Office of Investigation (NOI) said [...]