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South Korea Plans to Develop Semiconductors for Defense Systems as Military Modernizes

SEOUL, Nov. 20 (Korea Bizwire) – South Korea’s Defense Acquisition Program Administration (DAPA) announced plans to develop specialized semiconductors that can be widely applied across Korean weapons systems, marking a significant step toward technological independence in military hardware. The initiative, unveiled on November 19 at a defense semiconductor forum in Seoul’s Yeongdeungpo district, outlines a comprehensive [...]

Mountain Arboretum Emerges as Year-Round Tourist Draw in Rural South Korea

YANGGU, Nov. 20 (Korea Bizwire) – A provincial arboretum in mountainous Gangwon Province has transformed into a popular year-round destination, drawing visitors with seasonal attractions ranging from tulip festivals to nighttime light displays. The Yanggu Arboretum had already welcomed 46,907 visitors as of November 14, nearly matching last year’s total attendance of 47,628, local officials reported. [...]

Costco’s Korean Unit to Pay Out 67% of Profits as Dividends Amid Strong Growth

SEOUL, Nov. 20 (Korea Bizwire) – Costco Korea, the South Korean arm of the American wholesale giant, plans to distribute more than half of its annual net profits as dividends to its parent company, according to regulatory filings released on November 19. The company reported operating profits of 218.6 billion won for the fiscal year ending [...]

Cormorant’s Desperate Struggle Captured on Camera Highlights Dark Side of Recreational Fishing

GANGNEUNG, Nov. 20 (Korea Bizwire) – A great cormorant’s struggle with abandoned fishing gear was captured through an 840mm telephoto lens in the Namdaecheon Stream, which runs through the heart of Gangneung, South Korea, revealing an unexpected confrontation between wildlife and recreational fishing equipment. The bird’s ordeal, documented in detail, showed it ensnared by fishing line, [...]

Near North Korean Waters, South Korean Crab Fishermen Clash With Officials Over Net Disposal

INCHEON, Nov. 20 (Korea Bizwire) – On Yeonpyeong Island, a fishing community situated near the maritime border with North Korea, local fishermen are locked in a dispute with municipal authorities over the disposal of fishing nets laden with crab remains, highlighting the environmental and economic challenges facing South Korea’s coastal communities. In September, the Ongjin County [...]

Colliers’ 2025 Global Investor Outlook Reveals Renewed Investor Optimism in Commercial Real Estate as Pricing Stabilizes

Broad momentum across asset classes, private wealth to reshape capital flows LONDON and TORONTO, Nov. 19 (Korea Bizwire) — Leading global diversified professional services company Colliers released its 2025 Global Investor Outlook, revealing renewed investor optimism and confidence that the commercial property market has moved past an inflection point following two years of muted transactions. On [...]

Asahi Group Launches Global Sustainability Initiative: The Challenge Calls for Startups and Scaleups to Drive Net-Zero Innovations

TOKYO, Nov. 19 (Korea Bizwire) — Asahi Group Holdings, Ltd. announces the launch of the Sustainability Growth Platform, kicking off with The Challenge (Environment)—a global call for startups and scaleups to advance groundbreaking environmental solutions. This initiative aligns with Asahi’s goal of achieving net zero across its value chain by 2040. “Asahi is committed to sustainability, [...]

Quantexa Introduces AI-Powered Workload for Microsoft Fabric to Transform Data Quality and Usability Across the Enterprise

• The Quantexa Unify Workload for Microsoft Fabric gives users industry-leading entity resolution capabilities to perform highly accurate data-matching and relationship-discovery at scale. • Organizations can enhance data quality, eliminate silos, lower costs and address challenges linked to getting data ready for AI, facilitating better and faster decision-making. LONDON and CHICAGO, Nov. 19, 2024 (Korea Bizwire) [...]

South Korean Retailers Escalate Quick Delivery Wars as Competition Intensifies

SEOUL, Nov. 19 (Korea Bizwire) – In a significant shift within South Korea’s retail landscape, companies are rapidly expanding their rapid delivery services beyond traditional e-commerce boundaries, with offerings ranging from same-day delivery to dawn delivery and motorcycle-based quick commerce. Naver, which alongside Coupang forms the dual powerhouse of South Korean e-commerce, is planning to launch [...]

Cosmetics Brands Target Gen Z With Mini-Size Products as Korean Youth Embrace ‘Try Before You Buy’

SEOUL, Nov. 19 (Korea Bizwire) – South Korean cosmetics companies are rolling out smaller-sized products to capture the growing market of Generation Z and Alpha consumers, who are increasingly seeking affordable ways to experiment with beauty products. Daiso, a popular discount retailer, reported a dramatic surge in cosmetics sales for January through October this year, with [...]