GYEONGJU, July 19 (Korea Bizwire) — Chey Tae-won, Chairman of SK Group and the Korea Chamber of Commerce and Industry (KCCI), issued a pointed warning on Friday about China’s rapid advancement in manufacturing AI, urging South Korea to form a strategic alliance with Japan and reform key policies to maintain competitiveness in the global AI [...]
SEOUL, July 18 (Korea Bizwire) — A special investigation team probing allegations against Kim Keon-hee, wife of former President Yoon Suk-yeol, carried out a sweeping raid Friday on key facilities of the Unification Church, triggering a dramatic protest from its followers. According to reports by MBC and JTBC, the raid targeted the Cheon Jeong Gung [...]
SEOUL, July 18 (Korea Bizwire) — Netflix is poised to generate up to 62.9 trillion won ($45.2 billion) in revenue this year—more than triple the total revenue of South Korea’s entire broadcasting industry in 2023, which stood at 18.8 trillion won. The surge reflects the platform’s accelerating global dominance and the rising popularity of Korean [...]
SIHEUNG, July 18 (Korea Bizwire) — The 2025 World Surf League (WSL) Korea Open officially opened Friday at Wave Park in Siheung, Gyeonggi Province, launching three days of high-level international competition. The event marks a historic milestone as the world’s first WSL QS6000 tournament held in an artificial wave pool, drawing 192 athletes from 16 [...]
DAEJEON, July 18 (Korea Bizwire) — South Korea is seeing a sharp rise in baking-related patents, driven by growing consumer demand for bread and a cultural shift toward Western-style diets, according to the Korean Intellectual Property Office (KIPO). Over the past two decades, more than 3,500 patent applications have been filed in the baking sector, [...]
IKSAN, July 18 (Korea Bizwire) – McDonald’s Korea’s latest local specialty, the “Iksan Sweet Potato Mozzarella Burger,” has become a viral sensation on social media, surpassing 500,000 units sold within just four days of its release on July 10. The burger is now poised to reach the one-million mark by this weekend, according to officials [...]
SEOUL, July 18 (Korea Bizwire) — In a direct response to South Korea’s strengthened gaming regulations, U.S. game publisher Electronic Arts (EA) has disabled microtransaction features for Korean users of its upcoming soccer title, “FC 26,” making it one of only two countries—alongside Russia—facing such restrictions. According to industry sources on Thursday, EA has blocked [...]
SEOUL, July 18 (Korea Bizwire) — As in vitro fertilization (IVF) becomes increasingly mainstream in South Korea, the number of embryos created annually has approached 800,000 — with over 500,000 discarded each year — prompting renewed debate over embryo management and ethical oversight. According to data released Thursday by Rep. Kim Yoon of the Democratic [...]
SEOUL, July 18 (Korea Bizwire) — South Korean streaming platform Tving announced Wednesday that it will launch a new interactive viewing service called “Watch Together” on July 19, allowing users to watch content simultaneously while engaging in real-time chat with special hosts and fellow viewers. The new feature aims to tap into the growing demand [...]
SAMCHEOK, South Korea, July 17 (Korea Bizwire) — In a move aimed at addressing demographic challenges and extending the reach of youth-focused policies, the city of Samcheok in Gangwon Province has officially expanded its definition of “youth” to include individuals up to 49 years old. The revised regulation, enacted in May through an amendment to [...]