SEOUL, June 23 (Korea Bizwire) — South Koreans in their 30s to 60s scored an average of 69.9 out of 100 in overall retirement preparedness, reflecting modest improvement over the past five years but revealing persistent disparities across income levels, marital status, and geographic regions. According to a new government-commissioned report released by the Korea [...]
SEOUL, June 23 (Korea Bizwire) — South Korea’s hotel industry is increasingly turning to management contracts as a cost-effective strategy to boost profitability and accelerate global expansion without the burden of large capital expenditures. Major chains such as Lotte Hotels & Resorts and Hotel Shilla are shifting away from traditional asset-heavy models toward “asset-light” approaches, securing [...]
SEOUL, June 23 (Korea Bizwire) — The share of South Korean households burdened by catastrophic medical expenses—those that exceed 40 percent of a household’s ability to pay—rose for the second consecutive year, according to new government data, highlighting widening healthcare inequality despite improvements in overall access to treatment. A joint report released Saturday by the Korea [...]
SEOUL, June 23 (Korea Bizwire) — As online platforms in South Korea face growing scrutiny over the spread of extremist speech and criminal activity, major tech firms are stepping up content moderation policies—even amid concerns over free speech and algorithmic overreach. Naver’s streaming platform, Chzzzik, recently restricted access to a broadcaster’s channel after the streamer made [...]
SEOUL, June 23 (Korea Bizwire) — As BTS star Suga completes his military service, his legacy is already taking new shape — not on stage, but in a quiet wing of a hospital in Seoul. This September, Severance Hospital will open the Min Yoon-gi Treatment Center, a state-of-the-art facility dedicated to children with autism spectrum [...]
Crypto exchange and motorsport collide as Bitget officially becomes the regional partner for selected Grand Prix events in 2025 SCARPERIA E SAN PIERO, Italy, June 22, 2025 (Korea Bizwire) – Bitget, the leading cryptocurrency exchange and Web3 company, is teaming up with MotoGP, the highest class of motorcycle road racing events, in a high-octane partnership that [...]
SEOUL, June 22 (Korea Bizwire) — In a bid to bolster its global R&D capabilities, South Korea’s LG Energy Solution held its first-ever European edition of the Battery Tech Conference (BTC) this week in Frankfurt, Germany, drawing top science and engineering talent from across the continent. The BTC, LG Energy Solution’s flagship global recruitment initiative, aims [...]
SEOUL, June 23 (Korea Bizwire) — South Korea’s Ministry of Employment and Labor announced Saturday that it will accept applications for new employment permits for foreign workers from July 7 to 18 through local labor offices nationwide, as part of the country’s third-round quota for 2025. A total of 18,054 foreign workers will be newly authorized [...]
SEOUL, June 23 (Korea Bizwire) — South Korea’s SK Group is embarking on what it calls its “fourth quantum leap,” leveraging artificial intelligence to transform its industrial footprint through a landmark AI data center in Ulsan—marking a new chapter in the conglomerate’s seven-decade history of strategic pivots. The company, which began in textiles in 1953 before [...]
SEOUL, June 22 (Korea Bizwire) — South Korea’s HD Hyundai has entered into a strategic partnership with a major U.S. shipbuilder, signaling deepening cooperation between the two allies in the wake of President Donald Trump’s re-election and renewed emphasis on domestic industrial revival. The company announced Saturday that it signed a comprehensive agreement with Edison Chouest [...]