SEJONG, Dec. 24 (Korea Bizwire) — The number of single-member households in South Korea soared more than 27 percent in 2020 from five years earlier, government data showed Friday, amid a delay in marriage and a rapidly aging population. One-person families numbered 6.64 million last year, up 27.5 percent from five years earlier and accounting [...]
SEOUL, Dec. 23 (Korea Bizwire) – The removal of the last regulatory hurdle for SK hynix Inc.’s acquisition of Intel Corp’s non-volatile memory business will likely accelerate the chipmaker’s plan to expand its presence and enhance competitiveness in the global NAND market, analysts said Thursday. On Wednesday, the Chinese antitrust regulator gave the much-awaited green [...]
SEOUL, Dec. 18 (Korea Bizwire) – From the dramas “Squid Game” and “Hellbound” to superband BTS, South Korean pop culture drew fans from all over the world throughout 2021, raising hopes about what is in store in the coming year. “Squid Game,” a dystopian Korean drama series, has become the most-watched Netflix content of all [...]
SEOUL, Dec. 15 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc., South Korea’s two biggest consumer electronics companies, will unveil a slew of innovative products at the upcoming Consumer Electronics Show (CES) set to open early next month in Las Vegas. The two companies are among the approximately 1,700 businesses from around the [...]
SEOUL, Dec. 12 (Korea Bizwire) — President Moon Jae-in on Friday encouraged private firms to go carbon neutral, pledging the government will provide financial and regulatory support for their efforts to reduce greenhouse gas emissions. Moon made the remarks at a meeting on carbon neutrality with chief executives of some 40 big and medium-sized companies, [...]
SEOUL, Dec. 9 (Korea Bizwire) — South Korea’s total population is expected to record its first decline this year, the statistics agency said Thursday, a grim assessment of its demographic situations amid the country’s chronically low birthrate, rapid aging and a decline in incoming foreigners during the pandemic. The country’s total population is estimated to [...]
SEOUL, Dec. 7 (Korea Bizwire) — Kim Su-yeon, a 39-year old office worker based in Seoul, loves to binge watch Korean TV series on weekends or holidays on the small old TV in her room. Last week, she finished the latest episodes of romance series like “Melancholia,” “Reflection of You,” “The King’s Affection” and “The [...]
SEOUL, Dec. 3 (Korea Bizwire) — South Korea on Friday expressed concerns over Japan’s assessment report about its planned release of radioactive water into the sea from its crippled Fukushima nuclear power plant. The stance was delivered at a virtual meeting between South Korea and Japan over a draft report by Tokyo Electric Power Co. [...]
SEOUL, Dec. 1 (Korea Bizwire) — After leading his esports team Damwon Kia to a runner-up finish at the 2021 League of Legends (LOL) World Championship last month, Kim Dong-ha, better known by his gaming name “Khan,” confirmed his professional gaming career is over. A six-time winner of the LOL Champions Korea (LCK), the top [...]
SEOUL, Nov. 26 (Korea Bizwire) — Concerns are growing that SK hynix Inc.’s plan to overhaul its Chinese factory with a cutting-edge chipmaking machine could be in jeopardy due to opposition from the United States. Earlier this week, U.S. Trade Representative (USTR) Katherine Tai effectively acknowledged that Washington had opposed such efforts by the South [...]