SEOUL, Nov. 18 (Korea Bizwire) — The unification ministry said Monday it is reviewing measures to reclaim loans granted to North Korea for building inter-Korean roads and train tracks after the North blew them up in October. The unification ministry unveiled the tentative measures as part of its policy plan for the second half of [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korean tech giant Naver Corp. said Monday it will establish a joint venture with Saudi Arabia’s state housing company to collaborate for digital twin platform projects in the Middle East. Naver and Saudi Arabia’s National Housing Company signed a memorandum of understanding for the establishment of the joint [...]
POHANG, Nov. 18 (Korea Bizwire) – A civic organization in Pohang, North Gyeongsang Province, has launched a public campaign to boost morale at local steel companies, hanging 20 encouraging banners across the city on November 16. The “People Making Happy Pohang” group, led by Park Je-seo, displayed 15 banners supporting POSCO and five supporting Hyundai Steel, [...]
SEOUL, Nov. 18 (Korea Bizwire) – Korean actor Jung Il-woo has been selected as the new brand ambassador for Bia Saigon Special, one of Vietnam’s premier beer brands, following his enthusiastic endorsement of the beverage on his personal YouTube channel “1 Day 1 Woo.” The partnership emerged after brand executives noticed Jung’s genuine appreciation for Saigon [...]
SEOUL, Nov. 18 (Korea Bizwire) – South Korean lawmakers boast the highest level of academic credentials among parliamentarians worldwide, with more than one-third holding doctoral degrees, according to a recent academic study featured in The Economist on November 14. The comprehensive research, conducted by scholars from six institutions including Duke University, analyzed the educational backgrounds of [...]
SEOUL, Nov. 18 (Korea Bizwire) – Immigration to South Korea surged by 50.9% in 2023, placing it second among OECD nations in terms of year-over-year growth, powered in part by the global popularity of Korean culture, according to a new OECD report. The report, released on November 14, revealed that OECD member countries welcomed a record-breaking [...]
JEJU, Nov. 15 (Korea Bizwire) – The Jeju April 3 Peace Memorial, a somber testament to one of South Korea’s darkest chapters, has seen a dramatic surge in visitors following Han Kang’s historic Nobel Prize in Literature win for a body of work that includes her novel about the 1948 massacre. According to the Jeju 4.3 [...]
SEJONG, Nov. 15 (Korea Bizwire) – The mandatory closing day for large supermarkets in a major tourist district in Seoul will be changed from weekends to weekdays, the industry ministry said Friday, adding to the convenience of its residents and foreign tourists alike. Starting later this month, large supermarkets in Seoul’s central district of Jung [...]
SEOUL, Nov. 15 (Korea Bizwire) – In response to ongoing inflation, South Korean consumers are expected to evolve beyond simple cost-cutting measures to adopt more sophisticated “wiser wallets” spending patterns in the coming year, according to a new global consumer trends report. The “2025 Global Consumer Trends Report,” released on November 14 by global data analytics [...]
SEOUL, Nov. 15 (Korea Bizwire) — Jin of K-pop superband BTS hopes to deliver positive energy with his first solo album, “Happy,” set for release on Friday afternoon. “Happy” features six tracks, including the lead track “Running Wild” and the prerelease song “I’ll Be There.” “It’s meaningful that I could release an album under my [...]