SEOUL, Jan. 27 (Korea Bizwire) — Fifty years after beginning its international development cooperation efforts, the Catholic Church in South Korea has transformed from an aid recipient to a leading donor in Asia, highlighting the nation’s remarkable economic transformation. According to Caritas Korea International, the Church’s international aid efforts began in 1975 with the establishment of [...]
SEJONG, Jan. 27 (Korea Bizwire) — The average South Korean worker received approximately 10.69 million won in bonuses last year, while the top 0.1% of earners collected bonuses exceeding 620 million won, highlighting significant income disparities in the workforce, according to new government data. Figures released by the National Tax Service and obtained by People Power [...]
SEOUL, Jan. 27 (Korea Bizwire) — In a significant restoration project, Heungbokjeon Hall at Seoul’s Gyeongbokgung palace, where King Gojong (r. 1863-1907) once received foreign envoys, will soon be adorned with traditional Korean decorative painting, returning the historic structure to its original splendor. The Cultural Heritage Administration’s Royal Palaces and Tombs Center recently presented plans to [...]
SEOUL, Jan. 24 (Korea Bizwire) — The South Korean government has announced an ambitious initiative to position the country as one of the world’s top five biotech powerhouses by establishing a Korean-style bio cluster and accelerating AI- and data-driven biotech research and development (R&D). The plan aims to elevate the biotech industry to a level [...]
SEOUL, Jan. 24 (Korea Bizwire) — Cheil Worldwide announced on January 23 that it will spearhead the marketing launch of BYD’s passenger vehicle brand in South Korea, marking a significant move by the world’s largest electric vehicle manufacturer into the Korean market. The agency has already begun its campaign, releasing the first promotional video for BYD’s [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea and Cuba are at a “beginning point” where the two countries have much to learn about each other’s “realities,” the top Cuban envoy to Seoul has said, following the establishment of their diplomatic relations almost a year ago. Cuban Ambassador to South Korea Claudio Monzon Baeza made [...]
SEOUL, Jan. 24 (Korea Bizwire) — Samsung Electronics unveiled its Galaxy S25 series on January 22, introducing advanced AI features that mark a significant leap in smartphone technology. Positioned as a continuation of its AI-driven transformation that began with last year’s Galaxy S24, the new lineup further widens the gap between Samsung and its rival [...]
SEOUL, Jan. 24 (Korea Bizwire) — KCON, an annual overseas K-pop concert series from entertainment giant CJ ENM, will return to Japan and the United States this year. This year’s KCON, a festival of Korean music and culture, will kick off in Japan’s Chiba prefecture from May 9 to 11 and continue in Los Angeles [...]
SEOUL, Jan. 24 (Korea Bizwire) — South Korea will ban private bear farming starting January 24, marking a significant shift in the country’s wildlife protection policies. The Ministry of Environment announced that the new regulations will also allow local governments to prohibit feeding pigeons and impose fines on violators. The revised Wildlife Protection and Management Act [...]
SEOUL, Jan. 24 (Korea Bizwire) — LG Electronics Inc. said Friday it has decided to secure management rights to a California-based artificial intelligence (AI) robotics startup as part of its push to expand its robotics business. At its board of directors meeting, LG Electronics decided to increase its stake in Bear Robotics to 51 percent [...]