SEOUL, June 9 (Korea Bizwire) — South Korea’s alternative trading system (ATS), NextTrade (NXT), is rapidly gaining traction as a go-to platform for off-hours stock trading, with pre-market and after-hours volumes soaring fivefold over the past two months. Despite the momentum, the company says it will prioritize stability over aggressive expansion. According to figures released by [...]
SEOUL, June 9 (Korea Bizwire) — LG Group Chairman Koo Kwang-mo has visited Indonesia this month to inspect the group’s battery manufacturing and research operations, according to the group Monday, underscoring efforts to strengthen its competitiveness amid a temporary slowdown in global electric vehicle (EV) demand. According to group officials, Koo toured the production lines [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s residential system air conditioner market is experiencing robust growth, driven by rising consumer demand for efficient space cooling and stylish home interiors, as well as a boom in home remodeling. According to industry data released on June 8, more than 80% of households moving into new apartments [...]
SEOUL, June 8 (Korea Bizwire) — South Korea’s compact car market, once buoyed by economic downturns, is now facing a dramatic collapse, with annual sales expected to fall below 70,000 units for the first time in over a decade. According to data released June 8 by market tracker CarIsYou Data Research Institute, mini car registrations [...]
SEOUL, June 9 (Korea Bizwire) — As cybersecurity concerns mount across South Korea, Samsung Electronics is stepping up its smartphone security, unveiling a series of anti-theft upgrades through its latest AI-integrated platform, One UI 7. According to industry sources on June 8, the tech giant has introduced advanced identity verification and theft-prevention features in its newest [...]
JEJU, June 8 (Korea Bizwire) — Starbucks Korea has introduced the country’s first in-store mailbox at its Jeju Sehwa Drive-Thru location, offering customers a unique “slow mail” experience while promoting environmental sustainability. Announced on June 8, the initiative features a special mailbox donated by the Jeju Regional Post Office, designed to send postcards exactly one year after [...]
AI-Generated Video Depicting the Life of a Korean Man (Video provided by AI video production studio OutOffline) SEOUL, June 8 (Korea Bizwire) — As artificial intelligence-generated videos reach a level nearly indistinguishable from reality, a growing chorus of concern is emerging on South Korean social media platforms, warning of the technology’s potential for deception and misuse. [...]
SEOUL, June 8 (Korea Bizwire) — A South Korean appeals court has ruled in favor of a 107-year-old victim of Japan’s wartime forced labor, ordering Mitsubishi Heavy Industries to pay compensation nearly 80 years after the abuse occurred. The civil appeals division of the Seoul Central District Court overturned a 2022 lower court decision that had [...]
SEOUL, June 8 (Korea Bizwire) — South Korean tech giant Naver Corp. said Sunday it will establish an investment-focused subsidiary in the United States to support promising local startups there. Naver plans to complete the process of launching the new entity, Naver Ventures, later this month in Silicon Valley, the company said in a press [...]
SEOUL, June 8 (Korea Bizwire) — Air travel between South Korea and Japan reached an all-time high in the first five months of 2025, surpassing 11 million passengers despite a strengthening Japanese yen, the Ministry of Land, Infrastructure and Transport announced Sunday. A total of 11.25 million travelers flew between the two countries from January to [...]