SEOUL, Jan. 19 (Korea Bizwire) – South Korea aims to join forces with North Korea to seek UNESCO recognition for the traditional martial art of taekwondo as a shared intangible cultural heritage, officials said Monday. The Cultural Heritage Committee, an advisory body to the Korea Heritage Service (KHS), has selected taekwondo as the next candidate [...]
SEOUL, Jan. 19 (Korea Bizwire) – Longer job searches and soaring housing costs are placing mounting strain on young South Koreans, deepening concerns that structural weaknesses in the economy could weigh on the country’s long-term growth, the central bank said on Monday. In a report examining the economic conditions of young adults, the Bank of [...]
SEOUL, Jan. 19 (Korea Bizwire) – American beef and pork products accounted for the largest share in South Korea’s imported meat market last year, the U.S. Meat Export Federation (USMEF) said Monday. In 2025, Korea imported a total of 468,122 tons of beef products, with U.S. beef taking up 220,427 tons, or 47.1 percent of [...]
SEOUL, Jan. 19 (Korea Bizwire) – K-pop juggernaut BTS is considering a major performance in central Seoul ahead of its comeback in March, industry sources said Monday. Hybe, the K-pop powerhouse behind the group, has applied to the Korea Heritage Service (KHS) for permission to use Gyeongbok Palace, Gwanghwamun and the Woldae area, and the [...]
SEOUL, Jan. 19 (Korea Bizwire) – Police on Monday searched the home of a far-right activist under investigation for defaming statues of a girl representing victims who were forced to Japan’s wartime brothels during World War II, a police official said. Investigators carried out the search and seizure at the residence of Kim Byung-heon, who [...]
SEOUL, Jan. 19 (Korea Bizwire) — A large majority of South Korean workers say the rapid spread of artificial intelligence is likely to widen labor-market inequality and deepen wealth polarization, according to a new nationwide survey. The poll, conducted in October 2025 by research firm Global Research on behalf of the labor advocacy group Workplace Abuse [...]
SEOUL, Jan. 19 (Korea Bizwire) — Young workers in South Korea are increasingly gravitating toward large corporations, even as employment at small businesses shrinks to historic lows — a widening divide that is reshaping the country’s labor market. Government microdata from the Economically Active Population Survey show that in 2025, the number of people in their [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korean companies filed a record number of trade-remedy petitions last year, turning increasingly to anti-dumping investigations as protectionist pressures mounted worldwide and low-priced imports—largely from China—flooded the domestic market. According to data released Sunday by the Trade Commission under the Ministry of Trade, Industry and Energy, Korean firms submitted [...]
SEOUL, Jan. 19 (Korea Bizwire) — South Korea’s benchmark KOSPI surged nearly 15 percent in early January, but the gains were unevenly distributed, with industrial and capital-intensive sectors leading the rally while consumer-related stocks lagged behind. According to data from the Korea Exchange, the transport equipment and auto parts sector posted the strongest performance between Jan. [...]
SEOUL, Jan. 19 (Korea Bizwire) — Hyundai Duty Free said Sunday it has introduced an artificial intelligence–based beauty experience zone at its Trade Center store in southern Seoul, offering customers personalized skin and makeup analysis through interactive digital tools. The pop-up space, titled “AI Beauty Trip,” will operate on the ninth floor of the Trade Center [...]