SEOUL, March 3 (Korea Bizwire) — Nearly 30% of college graduates hired by South Korea’s leading companies last year had previous work experience, highlighting a growing preference for experienced recruits even at entry-level positions, a new survey shows. According to a recruitment survey of South Korea’s top 500 companies by the Korea Enterprises Federation (KEF), 28.9% [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s construction industry is showing signs of severe stress across all major indicators, with permits, groundbreakings, and employment all deteriorating amid a persistent market slump that analysts warn will require fundamental strategic shifts to overcome. Construction permits, a leading indicator of industry health, fell 6.8% year-over-year to 125.89 million [...]
SEOUL, March 3 (Korea Bizwire) — South Korea’s three major battery manufacturers are broadening their product lines with new mid-nickel batteries that promise an optimal balance of cost and performance, responding to growing demand for affordable electric vehicles amid efforts to overcome the electric vehicle market’s “chasm” – a temporary stagnation in demand. SK On will [...]
SEOUL, March 3 (Korea Bizwire) — K-pop star J-Hope launched his first-ever solo world tour with a three-day concert series in Seoul, culminating in a high-energy finale on Sunday. The show, held as part of his “Hope on the Stage” tour, marked the BTS member’s return to the stage following his military discharge in October. [...]
SEOUL, March 3 (Korea Bizwire) — South Korean electronics giants Samsung and LG are reporting sustained growth in India, as both companies intensify their focus on the country’s vast domestic market potential and skilled workforce. According to Samsung Electronics’ latest audit report, its Indian subsidiary recorded sales of 17.05 trillion won and net profit of 1.41 [...]
SEOUL, Feb. 28 (Korea Bizwire) — In a significant advance toward more reliable artificial intelligence systems, researchers at the Korea Advanced Institute of Science and Technology (KAIST) have developed a novel AI model that can question and verify its own assumptions, mimicking human cognitive processes. The research team, led by professors Lee Sang Wan and Jung [...]
SEOUL, Feb. 28 (Korea Bizwire) — K-pop girl group aespa and singer Lee Seung-yoon each took home three awards at the 2025 Korean Music Awards on Thursday. Lee was named the Musician of the Year,won Best Rock Song for “Yeokseong” and Best Modern Rock Song for “Pokpo,” during the ceremony held in Seoul. “I will [...]
SEOUL, Feb. 28 (Korea Bizwire) — The South Korean Ministry of Agriculture, Food, and Rural Affairs announced an ambitious five-year animal welfare plan on February 27 that includes banning convicted animal abusers from owning pets and increasing fines for animal abandonment to 5 million won, marking a significant shift in the country’s approach to animal protection. [...]
SEOUL, Feb. 28 (Korea Bizwire) — Jose Munoz, president and chief executive officer (CEO) of South Korea’s leading carmaker Hyundai Motor Co., has been named the most influential figure in the global automotive industry by U.S. automotive publication MotorTrend, its website showed Friday. The publication named Munoz as the 2025 MotorTrend Person of the Year, [...]
INCHEON, South Korea, Feb. 28 (Korea Bizwire) — A Chinese-Korean construction worker who suffered a severe brain injury and paralysis after being struck by a falling pipe at a building site has won a lawsuit against the subcontractor and general contractor responsible for the project. On February 27, the Incheon District Court ruled in favor [...]