SEOUL, GOKSEONG & ULSAN, May 16 (Korea Bizwire) — From the southern riversides of Jeollanam-do to the urban trails of Seoul, rose festivals are in full bloom across South Korea this spring, drawing crowds with dazzling floral displays and vibrant cultural programming. The 15th Gokseong World Rose Festival opened Friday at Seomjingang Train Village in South [...]
HONOLULU, May 16 (Korea Bizwire) — The top U.S. military commander in South Korea emphasized the continued need for American ground forces on the Korean Peninsula, citing growing strategic concerns involving China and Russia and the geographic importance of South Korea within the Indo-Pacific region. Speaking at the LANPAC Symposium hosted by the Association of the [...]
SEOUL, May 16 (Korea Bizwire) — A former employee of a South Korean semiconductor supplier has been arrested and indicted for allegedly attempting to leak advanced chip packaging technology overseas, police said Friday. The suspect, a man in his 40s identified only as Kim, was taken into custody on May 9 at Incheon International Airport [...]
SEOUL, May 16 (Korea Bizwire) — Samsung Electronics is doubling down on cost-cutting measures within its television division as it continues operating under an emergency management system introduced last year to weather mounting industry pressures. According to industry sources, Samsung’s Visual Display (VD) division reaffirmed its internal austerity guidelines in a company-wide notice on May 12. [...]
SEOUL, May 16 (Korea Bizwire) — The chief executive officer (CEO) of HD Hyundai Co., South Korea’s leading shipbuilding conglomerate, met with U.S. Trade Representative (USTR) Jamieson Greer to explore cooperation in the shipbuilding sector, the company said Friday. HD Hyundai CEO Chung Ki-sun and Greer held the meeting on the sidelines of the Asia-Pacific [...]
JEJU, South Korea, May 16 (Korea Bizwire) – The Asia-Pacific Economic Cooperation (APEC) has projected the region’s economy to grow 2.6 percent this year, sharply falling from the 3.6 percent growth in 2024, a report showed Friday. The APEC made the forecast in its latest economic report released for the Ministers Responsible for Trade Meeting, [...]
SYDNEY, May 15, 2025 (Korea Bizwire) – AI-Media (ASX: AIM), global leader in AI-powered language solutions, is set to make a major impact across Asia this May with its participation at two leading industry events: KOBA 2025 in Seoul, Korea, and Broadcast Asia 2025, part of Asia Tech x Singapore. “Asia is a critical growth [...]
SEOUL, May 16 (Korea Bizwire) — South Korea’s rapidly increasing number of elderly self-employed workers—driven by baby boomer retirements and limited reemployment options—is emerging as a structural risk to the country’s financial stability and long-term economic growth, the Bank of Korea (BOK) said in a joint report with the Korea Development Institute (KDI) on Thursday. Released [...]
DAEJEON, May 16 (Korea Bizwire) — A research team at the Korea Advanced Institute of Science and Technology (KAIST) has identified a specific brain circuit responsible for forming fear memories induced solely by visual threats—without any physical pain—offering new insights into the neurological basis of PTSD, anxiety disorders, and depression. In findings published May 9 [...]
SEOUL, May 16 (Korea Bizwire) — A South Korean appeals court has upheld a lower court ruling rejecting a lawsuit by a man seeking disability registration despite having a borderline intelligence quotient (IQ) score, reigniting debate over legal protections for individuals with mild cognitive impairments. On Thursday, the Seoul High Court dismissed an appeal by a [...]