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Archive by category Editor’s Picks

Private Equity Funds Emerge as Power Players in South Korean Business, 20 Years After Introduction

SEOUL, Nov. 29 (Korea Bizwire) – Two decades after their introduction to South Korea, Private Equity Funds (PEFs) have transformed from behind-the-scenes investors into influential powerbrokers wielding control over industries ranging from heavy manufacturing to fast-food chains. These once-reclusive investors, who previously surfaced only for occasional mega-mergers, now command a significant presence across South Korea’s business landscape, [...]

South Korean Companies See ROE Halve Despite Government Push for Value Enhancement

SEOUL, Nov. 29 (Korea Bizwire) – Despite the government’s initiatives to boost corporate value, the return on equity (ROE) of South Korea’s top companies has plummeted over the past three years, with average ROE nearly halving. ROE, a critical metric for evaluating value enhancement, measures net income relative to shareholder equity, reflecting how effectively a [...]

Samsung Bolsters Management to Navigate Semiconductor Slump and Broader Challenges

SEOUL, Nov. 28 (Korea Bizwire) – Samsung is reinforcing its management structure to address challenges stemming from the downturn in its semiconductor business, which has contributed to a broader corporate crisis. The move follows a leadership reshuffle in Samsung Electronics’ semiconductor division on November 27 and involves the strategic deployment of trusted executives, including former members [...]

ASEAN Semiconductor Industry Rises Amid U.S.-China Tech Rivalry

SEOUL, Nov. 28 (Korea Bizwire) – A new report suggests the ASEAN semiconductor industry, traditionally strong in chip packaging, is poised for continued growth as global firms seek to diversify supply chains beyond China amid ongoing U.S.-China competition in the semiconductor sector. The International Trade Research Institute at the Korea International Trade Association reported on November [...]

Hyundai Motor Unveils Muscle Strength-enhancing Wearable Robot for Workers

SEOUL, Nov. 28 (Korea Bizwire) — Hyundai Motor Co. on Thursday introduced a new wearable robot device for industrial workers that increases working efficiency, reducing chances of musculoskeletal injuries. The company’s Robotics Lab, which is operated jointly with affiliate Kia Corp., unveiled the device, named X-ble Shoulder, at a tech day event held at Hyundai [...]

Mental Health Crisis Among Elementary School Staff: Rising Depression Rates Highlight Growing Challenges in South Korea’s Education Sector

SEOUL, Nov. 28 (Korea Bizwire) – The mental health of elementary school staff in South Korea is under scrutiny as nearly 10,000 employees reported suffering from depression in 2023, according to data released by the National Health Insurance Service. This alarming trend follows a high-profile incident involving the suicide of a new teacher at an elementary [...]

Actor Jung Woo-sung Becomes Father Without Marriage, Sparks Debate Over Wealth and Marriage in Korea

SEOUL, Nov. 26 (Korea Bizwire) – Actor Jung Woo-sung (51) has made headlines following the revelation that he is the father of a son born out of wedlock to model Moon Ga-bi (35). Despite the child’s birth, the two were not in a relationship, and reports suggest that Moon sought marriage, which Jung firmly opposed, igniting [...]

Semiconductor Industry Labor Reform Faces Setback as 52-Hour Workweek Exemption Hits Roadblock

SEOUL, Nov. 25 (Korea Bizwire) – A provision to exempt semiconductor R&D workers from South Korea’s 52-hour workweek regulation faces potential elimination from the proposed Semiconductor Industry Special Act, dealing another blow to efforts to reform the country’s strict labor laws. According to parliamentary sources on November 24, the National Assembly’s Trade, Industry, Energy, SMEs, and [...]

Russia and North Korea Strengthen Ties with Unprecedented Animal Diplomacy

SEOUL, Nov. 24 (Korea Bizwire) – In a remarkable display of soft power, Russia and North Korea have deepened their military and diplomatic relationship through the exchange of exotic animals, signaling a new facet of their growing alliance. On November 20, Russia gifted North Korea a collection of animals, including a lion, two brown bears, two [...]

South Korea Eyes U.S. Energy Imports Amid Trade Pressure and Middle Eastern Negotiations

SEOUL, Nov. 24 (Korea Bizwire) – As former U.S. President Donald Trump positions for the return to the White House, South Korea is considering expanding its purchase of American energy as part of its strategy to manage trade pressures from the U.S. This move is also expected to strengthen South Korea’s negotiating power with its traditional [...]