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New Study Reveals $11.28M Annual Opportunity for Industrial Companies to Boost Competitiveness by Modernizing Closed Automation Systems

Schneider Electric, a global energy technology leader, today unveiled new global research titled “Open vs. Closed: The $11.28M Question for Industrial Leaders.” The report reveals that closed industrial automation systems are quietly eroding competitiveness, costing mid-sized organizations an average of 7.5% of their revenue. Nuremberg, Germany, Nov. 26, 2025 (Korea Bizwire) – Schneider Electric, a global energy technology [...]

Seoul Warns of “Decisive Action” as Won Weakens; Eyes on Pension Fund’s FX Impact

SEOUL, Nov. 26 (Korea Bizwire) — Finance Minister Koo Yun-cheol said Wednesday that South Korea stands ready to take “decisive action” to curb excessive volatility in the foreign-exchange market, as the won continues to face downward pressure against the U.S. dollar. “The won tends to react more sensitively than other currencies,” Koo told reporters, adding that [...]

Study Identifies Music and Korean Cultural Identity as Key Drivers of ‘K-Pop Demon Hunters’ Global Popularity

SEOUL, Nov. 26 (Korea Bizwire) — A new analysis of online reactions to Netflix’s animated film K-Pop Demon Hunters has identified music and Korean cultural identity as the two central forces behind the film’s worldwide success. The study, released Wednesday by the Korea Broadcast Advertising Corporation (KOBACO), was conducted by media researcher Baek Hyun-mi of Korea [...]

Lotte Chemical and HD Hyundai Chemical Advance First Major Petrochemical Restructuring Plan

SEOUL, Nov. 26 (Korea Bizwire) — Lotte Chemical Corp. and HD Hyundai Chemical said Wednesday they have finalized a restructuring plan to reduce the capacity of naphtha cracking centers (NCCs) in an industrial complex in the central region as part of nationwide efforts to reform the petrochemical industry. The companies said in regulatory filings that [...]

Asian Mercury Emissions Found to Accumulate in Pacific Marine Life, Korean-Led Study Shows

POHANG, Nov. 26 (Korea Bizwire) — Mercury released from industrial activities in Asia is traveling across the atmosphere and accumulating in marine organisms throughout the Pacific, including tuna, a staple fish consumed worldwide, according to new research led by South Korean scientists. POSTECH (Pohang University of Science and Technology) said Wednesday that its environmental engineering team, [...]

South Korea Ranks No. 2 Globally in ChatGPT Revenue Despite Modest Downloads

SEOUL, Nov. 26 (Korea Bizwire) — South Korea has emerged as one of the world’s most lucrative markets for ChatGPT, generating the second-highest share of global revenue after the United States, according to new data released Wednesday by app-market analytics firm Sensor Tower. While India accounted for the largest share of global ChatGPT app downloads this [...]

Centuries-Old Ginkgo Tree in Cheongju to Be Designated a Natural Monument

SEOUL, Nov. 26 (Korea Bizwire) — A ginkgo tree that has stood watch over the city of Cheongju for more than nine centuries is set to become South Korea’s newest natural monument, the Korea Heritage Service announced Wednesday. The agency said its Natural Heritage Committee has approved the designation of the “Cheongju Apgaksu,” an ancient ginkgo [...]

Retired Korean Submarine May Head to Poland in Strategic Defense Gesture

SEOUL, Nov. 26 (Korea Bizwire) — South Korea is set to transfer a retiring 1,200-ton submarine to Poland free of charge, military sources said Wednesday, in apparent support for a South Korean defense firm bidding for the European country’s submarine procurement project. Under the plan, the defense ministry is expected to hand over the ROKS [...]

SK hynix Tries a New Kind of Chip: One You Can Eat

SEOUL, Nov. 26 (Korea Bizwire) — SK hynix, one of the world’s leading makers of high-bandwidth memory chips, has decided that the path to public affection might just run through the snack aisle. On Wednesday, the company announced a collaboration with convenience-store giant 7-Eleven to release what may be the most literal tech-themed treat yet: an [...]

South Korea’s Surprise Baby Bump Signals a Pause in Its Demographic Decline

SEOUL, Nov. 26 (Korea Bizwire) — South Korea’s birth figures ticked upward again in September, marking the fifteenth straight month of increase—a rare run of positive news for a country long synonymous with demographic freefall. According to government data released Wednesday, 22,369 babies were born in September, an 8.6-percent rise from a year earlier and the [...]