Korea Bizwire, Author at Be Korea-savvy | Page 105 of 1020
Philips continues momentum; delivers strong order intake, step-up in sales growth and margin expansion

Philips continues momentum; delivers strong order intake, step-up in sales growth and margin expansion

November 4, 2025 Q3 2025 Group Highlights Comparable order intake growth 8% Group sales amounted to EUR 4.3 billion, reflecting 3% increase in comparable sales Income from operations was EUR 330 million Adjusted EBITA margin increased by 50 basis points to 12.3% of sales Operating cash flow of EUR 327 million, with a free cash [...]

Court Orders State to Compensate Man Disabled After COVID-19 Vaccination

Court Orders State to Compensate Man Disabled After COVID-19 Vaccination

SEOUL, Nov. 4 (Korea Bizwire) —  A South Korean court has ruled that the government must compensate a man in his 20s who developed a rare neurological disorder believed to be linked to a COVID-19 vaccine, marking a significant decision in ongoing disputes over vaccine-related injuries. According to the Seoul Administrative Court on Monday, the [...]

President Lee Vows Stronger, Self-Reliant Military as Seoul Deepens AI and Defense Investments

President Lee Vows Stronger, Self-Reliant Military as Seoul Deepens AI and Defense Investments

SEOUL, Nov. 4 (Korea Bizwire) — President Lee Jae Myung pledged on Tuesday to accelerate South Korea’s path toward a self-reliant military and expand its defense capabilities, while renewing calls for dialogue with North Korea amid growing regional uncertainty. “We will significantly strengthen our national defense and realize the vision of self-reliant defense,” Lee said in [...]

Korean Fathers Reconnect with Abandoned Kopino Children After Public Exposure Online

Korean Fathers Reconnect with Abandoned Kopino Children After Public Exposure Online

SEOUL, Nov. 4 (Korea Bizwire) —  A growing number of Korean men who had abandoned their mixed-heritage children in the Philippines have begun reaching out to the mothers after a civic group posted their faces online, reigniting a long-running debate over privacy and accountability. The group, People Solving Child Support Problems—formerly known as “Bad Fathers”—said [...]

Seoul’s ‘No-Scooter Zones’ Win Public Support as City Eyes Expansion

Seoul’s ‘No-Scooter Zones’ Win Public Support as City Eyes Expansion

SEOUL, Nov. 4 (Korea Bizwire) —  Seoul’s experiment with “no-scooter zones” has drawn strong public support, with a majority of residents reporting safer and more comfortable pedestrian environments, city officials said Monday. The pilot program, the first of its kind in South Korea, was launched in May along two busy stretches: the 1.3-kilometer Red Road [...]

Alcohol Ads Triple in Korean Media, Led by Cable and General TV Channels

Alcohol Ads Triple in Korean Media, Led by Cable and General TV Channels

SEOUL, Nov. 4 (Korea Bizwire) — Alcohol advertisements in South Korea’s media have nearly tripled over the past decade, with most of the surge coming from cable and general programming television channels, a government report showed Sunday. According to data from the Ministry of Health and Welfare and the Korea Health Promotion Institute, the number of [...]

Behind Korea’s Hit Shows, Workers Endure 30-Hour Shifts and Verbal Contracts

Behind Korea’s Hit Shows, Workers Endure 30-Hour Shifts and Verbal Contracts

SEOUL, Nov. 4 (Korea Bizwire) —  South Korea’s television industry, long celebrated for its global influence, remains mired in poor labor conditions—where freelance writers, producers, and crew often work close to 30 hours straight without rest and rely on verbal contracts instead of written agreements. A new report by the Korea Creative Content Agency, released [...]

Robots Boost Jobs for Young Koreans but Squeeze Older Workers, Study Finds

Robots Boost Jobs for Young Koreans but Squeeze Older Workers, Study Finds

SEOUL, Nov. 4 (Korea Bizwire) —  South Korea’s rapid adoption of industrial robots has boosted employment among younger workers under 45, while reducing job opportunities for older employees, a new study shows—highlighting how automation is reshaping the nation’s labor market and education trends. According to a report released Sunday by the Korea Labor Institute titled [...]

After APEC, Gyeongju Turns Summit Prestige Into a Tourism Boom

After APEC, Gyeongju Turns Summit Prestige Into a Tourism Boom

GYEONGJU, Nov. 4 (Korea Bizwire) —  As the APEC Summit drew global attention to Gyeongju last week, the city’s hospitality industry is racing to turn the spotlight into lasting gains. Hotels that hosted world leaders are now launching promotions offering guests a taste of the summit’s prestige — from presidential suites to dishes inspired by [...]

South Korea’s 5G Stagnation Threatens AI Ambitions, Think Tank Warns

South Korea’s 5G Stagnation Threatens AI Ambitions, Think Tank Warns

SEOUL, Nov. 4 (Korea Bizwire) — South Korea’s push to strengthen its artificial intelligence (AI) ecosystem through massive GPU investments with Nvidia could face setbacks due to the country’s lagging telecommunications infrastructure, a government-affiliated think tank warned Monday. In a report titled “Key Issues in Advancing AI Mobile Network Infrastructure,” the Korea Information Society Development Institute [...]