JEJU, May 31 (Korea Bizwire) — Jeju Island’s renowned Saryeoni Forest Trail, long celebrated as a premier ecotourism destination, has been officially designated a symbol of friendship between South Korea and the Arab world, the provincial government announced Thursday. The designation ceremony, held during the opening of the 17th Saryeoni Forest Eco-Healing Experience, coincided with [...]
SEOUL, May 31 (Korea Bizwire) — The global gene therapy market is projected to soar to $36.6 billion (approximately 50 trillion won) by 2032, growing at a compound annual rate of 19.4%, according to a report released by the Korea Biotechnology Industry Organization on Thursday. Citing research from U.S. market analysis firm MarketsandMarkets, the report [...]
SEOUL, May 31 (Korea Bizwire) — Korean Air announced Friday the release of its first upcycled merchandise using parts from a retired Airbus A380 aircraft, marking a new phase in the airline’s sustainability-driven product line. The carrier introduced two limited-edition items — name tags and golf ball markers — crafted from the fuselage of aircraft [...]
SEOUL, May 31 (Korea Bizwire) — The accelerating shift from traditional pay TV to online streaming platforms is deepening South Korea’s cord-cutting trend, as the number of pay TV subscribers continued to decline in the second half of 2024. According to a report released Thursday by the Ministry of Science and ICT, the total number [...]
SEOUL, May 31 (Korea Bizwire) — In celebration of the inaugural Gugak Day, South Korea is launching a weeklong national showcase of traditional Korean music and performance art beginning June 5, 2025. The day was established by law to promote awareness and revitalization of gugak, or Korean traditional music, marking the date in 1447 when [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s economy showed renewed signs of weakness in April, with industrial production, consumption, and investment all posting declines — the first “triple minus” since January — as the impact of new U.S. auto tariffs begins to ripple through key sectors. According to data released Friday by Statistics Korea, [...]
Here comes a citywide bash that’s jam-packed with events and activities for travellers from all corners of the world HONG KONG, May 31, 2025 (Korea Bizwire) – This summer, Hong Kong invites the world to experience “Hong Kong Summer Viva”, a season-long celebration of everything we love about summer, with exclusive experiences, parties and adventures for [...]
SEOUL, May 30 (Korea Bizwire) — The number of homes in South Korea owned by foreign nationals surpassed 100,000 for the first time in 2024, with Chinese buyers accounting for more than half, according to data released Friday by the Ministry of Land, Infrastructure and Transport. As of December 2024, foreigners owned 100,216 residential properties across [...]
SEOUL, May 30 (Korea Bizwire) — Foreign residents in South Korea will soon find it easier to access non-bank financial services through mobile and online platforms, as the government expands its real-time ID verification system beyond the traditional banking sector. On Friday, the Ministry of Justice and the Korea Financial Telecommunications & Clearings Institute announced [...]
SEOUL, May 30, 2025 (Korea Bizwire) — The number of South Koreans enrolling in government-run smoking cessation clinics has halved over the past decade, while quit rates have also dropped significantly — raising concerns about waning public engagement with anti-smoking efforts. According to new data from the Ministry of Health and Welfare and the Korea [...]