Korea Bizwire, Author at Be Korea-savvy | Page 336 of 1060
Online Commenter Avoids Punishment After Settling With Korea’s First Pregnant Same-Sex Couple

Online Commenter Avoids Punishment After Settling With Korea’s First Pregnant Same-Sex Couple

SEOUL, June 28 (Korea Bizwire) — A South Korean internet user who left offensive comments under a news article about the nation’s first pregnant same-sex couple has avoided criminal punishment after reaching a settlement with the victims. According to legal sources, the Cheonan branch of the Daejeon District Court dismissed the criminal case against the commenter, [...]

Eavor Announces Leadership Transition: John Redfern to Step Down as CEO

Eavor Announces Leadership Transition: John Redfern to Step Down as CEO

CALGARY, Alberta, June 27, 2025 (Korea Bizwire) – Eavor Technologies Inc., a leader in next generation geothermal technology, today announced that John Redfern will be stepping down as Chief Executive Officer for personal reasons. Redfern, as an eight-year company veteran and co-founder, will continue his association with the company in a strategic advisory role. As [...]

South Korean Youth Face Growing Housing Divide Amid Soaring Property Prices

South Korean Youth Face Growing Housing Divide Amid Soaring Property Prices

SEJONG, June 27 (Korea Bizwire) — A widening housing disparity is emerging among South Korea’s younger generations, driven in part by soaring real estate prices in the Seoul metropolitan area, according to a new government study. In its summer issue of Statistics Plus, the National Statistical Office’s research institute published a report analyzing generational shifts [...]

U.S. Tariff Expansion Threatens South Korean Auto Parts Industry

U.S. Tariff Expansion Threatens South Korean Auto Parts Industry

SEOUL, June 27 (Korea Bizwire) –  South Korea’s auto parts sector is bracing for intensified export headwinds as the United States signals a possible expansion of its 25% import tariffs on vehicle components, deepening concerns in an industry already grappling with high trade barriers. On June 24, the U.S. Department of Commerce’s International Trade Administration [...]

[UPDATE] DitchIt Detonates Iconic Twitter HQ Sign

[UPDATE] DitchIt Detonates Iconic Twitter HQ Sign

SAN FRANCISCO, June 26, 2025 (Korea Bizwire) – In a dramatic move that captured the spirit of Silicon Valley disruption, Ditchit — the emerging online marketplace and OfferUp competitor — made headlines by acquiring and detonating the original 560-pound Twitter bird sign once perched atop Twitter’s San Francisco headquarters. Filmed in the Nevada desert, the [...]

Semiconductors, Biotech, Shipbuilding Seen as Bright Spots in Korea’s 2025 Economic Outlook

Semiconductors, Biotech, Shipbuilding Seen as Bright Spots in Korea’s 2025 Economic Outlook

SEOUL, June 27 (Korea Bizwire) — South Korea’s semiconductor, display, shipbuilding, and biotech industries are expected to lead the country’s economic performance in the second half of 2025, while other key sectors face continued headwinds, according to a new outlook released Thursday by the Korea Chamber of Commerce and Industry (KCCI). The KCCI’s semiannual “Industrial [...]

DitchIt Detonates Iconic Twitter HQ Sign

DitchIt Detonates Iconic Twitter HQ Sign

SAN FRANCISCO, June 26, 2025 (GLOBE NEWSWIRE) – In a dramatic move that captured the spirit of Silicon Valley disruption, Ditchit — the emerging online marketplace and OfferUp competitor — made headlines by acquiring and detonating the original 560-pound Twitter bird sign once perched atop Twitter’s San Francisco headquarters. Filmed in the Nevada desert, the [...]

Delivery Platforms Dominate Franchise Sales in Seoul, but So Do Commission Fees

Delivery Platforms Dominate Franchise Sales in Seoul, but So Do Commission Fees

SEOUL,June 27 (Korea Bizwire) – Nearly half of franchise sales in Seoul come from food delivery platforms, with businesses paying as much as 24% in commission fees, a new city-led survey revealed, underscoring rising dependence on digital intermediaries and growing concerns over cost burdens for small business owners. According to the Seoul Metropolitan Government’s first-ever [...]

Venture Business Sentiment Rebounds in South Korea After Year-Long Slump

Venture Business Sentiment Rebounds in South Korea After Year-Long Slump

SEOUL, June 27 (Korea Bizwire) — South Korean venture companies are showing signs of renewed optimism, with overall business sentiment rebounding for the first time in a year, according to data released Thursday by the Korea Venture Business Association. The Venture Business Survey Index (BSI) for the second quarter rose to 89.8, marking an 11.2-point [...]