SEOUL, Dec. 16 (Korea Bizwire) — A dispute over cultural appropriation flared again this week after online sellers on Amazon—believed to be based in China—were found marketing traditional Chinese garments, or hanfu, as hanbok, Korea’s traditional dress. Seo Kyoung-duk, a professor at Sungshin Women’s University known for his advocacy on Korean cultural issues, said on Tuesday [...]
DAEJEON, Dec. 16 (Korea Bizwire) — Daejeon is piloting a new smart road management platform designed to detect black ice and other hazardous winter road conditions in real time, city officials said Tuesday, marking one of Korea’s first deployments of an acoustic AIoT safety system. The initiative, backed by the Ministry of Science and ICT’s 2024 [...]
SEOUL, Dec. 16 (Korea Bizwire) — Increased liquidity is not the sole factor behind the recent surge in housing prices in the Seoul metropolitan area or the weakness of the local currency, the Bank of Korea (BOK) said Tuesday, stressing that monetary policy alone is not sufficient to fully control an increase in loans. In [...]
SEOUL, Dec. 16 (Korea Bizwire) — Job stability, higher incomes and access to home ownership are strongly correlated with higher marriage and birth rates among younger South Koreans, according to a government study released on Tuesday. The findings add new statistical weight to concerns that worsening economic insecurity is feeding the country’s demographic decline. The [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korean companies’ earnings recorded a 20 percent on-year gain in 2024 on increased exports of semiconductors, government data showed Tuesday. The combined before-tax net profit of South Korean companies reached 181.9 trillion won (US$123.9 billion) last year, up 20.6 percent from 150.8 trillion won tallied in 2023, according [...]
SEOUL, Dec. 16 (Korea Bizwire) — The government aims to distribute 3.5 million eco-friendly heating, ventilation and air conditioning (HVAC) systems in the country by 2035 as part of efforts to tackle climate change, officials said Tuesday. With the distribution of the systems, also known as heat pumps, the government expects to cut greenhouse gas [...]
SEOUL, Dec. 16 (Korea Bizwire) — Samsung Electronics said on Tuesday that it has struck a deal with Enel, Italy’s largest power utility, to provide free electricity to customers who buy the company’s washing machines — the latest in a series of energy-saving partnerships the tech conglomerate is rolling out across major global markets. Beginning Tuesday [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea said Tuesday it will invest at least 4.5 trillion won (US$3.06 billion) to secure overseas logistics hubs as part of an effort to shore up exporters’ supply chains and reduce reliance on foreign-owned facilities. The Ministry of Oceans and Fisheries laid out the plan during a ministerial [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea and the United Kingdom signed an upgraded free trade agreement aimed at easing rules of origin for Korean exporters and expanding access to Britain’s high-speed rail and digital services markets, Seoul’s trade ministry said Tuesday. The deal, signed in London by Korean Trade Minister Yeo Han-koo and [...]
NEW YORK, Dec. 15, 2025 (Korea Bizwire) – ITHAX Acquisition Corp III (the “Company”), a newly incorporated blank check company, today announced the closing of its initial public offering of 23,000,000 units at a price of $10.00 per unit, including 3,000,000 units issued pursuant to the full exercise by the underwriter of its over-allotment option. [...]