SEOUL, June 24 (Korea Bizwire) — As inflation continues to pressure South Korean consumers, a new wave of subscription price hikes across major streaming platforms—dubbed “streamflation”—is intensifying household budget strain and fueling public backlash. Netflix Korea recently raised its ad-supported standard plan from 5,500 won to 7,000 won per month and its basic plan from [...]
SEOUL, June 24 (Korea Bizwire) — The state arms procurement agency has successfully conducted the first flight of a new helicopter prototype aimed at conducting mine countermeasure operations, officials said Tuesday, in a move expected to bolster the country’s maritime security capabilities. The flight took place earlier this month, following a ground test in March [...]
SEOUL, June 24 (Korea Bizwire) — Nearly a century after it was taken to Japan, a wooden building believed to be a royal shrine from the Joseon Dynasty has returned to its homeland—marking an unprecedented moment in Korea’s effort to reclaim its cultural heritage. The Korea Heritage Service (KHS) and the Overseas Korean Cultural Heritage [...]
SEOUL, June 24 (Korea Bizwire) — In a quiet but meaningful shift reflecting South Korea’s evolving social fabric, the Supreme Court announced Tuesday that a Korean national and their foreign spouse can now register their child’s birth using names of any length—ending a long-standing restriction that effectively barred lengthy names from appearing in official records. [...]
SEOUL, June 24 (Korea Bizwire) — The commander of Poland’s Air Force, General Ireneusz Nowak, is visiting South Korea this week to deepen defense cooperation and evaluate the country’s next-generation KF-21 Boramae supersonic fighter jet. General Nowak met with South Korean Air Force Chief of Staff Lee Young-soo on Tuesday at the Air Force headquarters [...]
SEOUL, June 24 (Korea Bizwire) – As inflation continues to weigh heavily on South Korean households, major retailers are adopting a “reverse pricing” strategy—setting a target sale price first and working backward to meet it—reshaping how goods are planned, priced, and sold. Rather than determining prices based on production costs and margins, companies like E-Mart, [...]
Over 30% of New Mothers of Twins in South Korea Suffer from Severe Depression, Survey Finds SEOUL, June 24 (Korea Bizwire) – A new survey reveals that more than 30 percent of South Korean mothers within 12 weeks of delivering twins are experiencing severe postpartum depression, underscoring the urgent need for greater mental health support for [...]
SEOUL, June 24 (Korea Bizwire) — As South Korea moves to tighten emissions standards for new buildings, including private apartments starting later this month, policymakers are looking to timber-based construction as a viable path toward carbon neutrality in the housing sector. A new report from the Korea Land and Housing Corporation (LH) underscores the urgency [...]
SEOUL, June 24 (Korea Bizwire) — As South Korea grapples with a persistently low birthrate under President Lee Jae-myung’s administration, a new report highlights how the demographic shift is reshaping the nation’s small business ecosystem, prompting price hikes and deepening inequality among local service providers. According to a study released Monday by Hana Financial Group’s [...]
MILAN, June 23, 2025 (Korea Bizwire) – With ordinance no. 2254/2025, published on 20 June, the Third Chamber of the Italian Council of State ruled on the precautionary appeal filed by engineer Angelo Sticchi Damiani, challenging the decision issued on 21 February 2025 by the Prime Minister’s Office. That decision, pursuant to Article 65, paragraph [...]