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Archive by category Editor Picks

Chinese AI Startup Shakes Up Global Market, Raising Concerns for U.S. Tech Giants and Korean Semiconductor Industry

SEOUL, Jan. 28 (Korea Bizwire) — The emergence of Chinese AI startup DeepSeek has sent shockwaves through the global tech industry, challenging dominant players like Nvidia and raising questions about the future dynamics of the AI and semiconductor sectors. DeepSeek recently unveiled its advanced AI models, including the V3 large language model and the R1 inference-specialized [...]

Controversy Surrounds Saemangeum Airport Over Bird Strike Risks Following Air Disaster

JEONJU, South Korea, Jan. 28 (Korea Bizwire) — The planned Saemangeum International Airport in South Korea is at the center of heated debate, with environmental groups and regional authorities clashing over its potential bird strike risks. Following the Jeju Air disaster at Muan International Airport, concerns have intensified about the safety of constructing an airport near [...]

Brandy Melville’s One-Size Policy Sparks Debate in South Korea Amid Body Image Concerns

SEOUL, Jan. 25 (Korea Bizwire) — Brandy Melville, a fashion brand known for its “one-size” policy, has ignited intense debate in South Korea following the opening of its first store in Seoul’s Seongdong District. The brand’s exclusive sizing, which caters primarily to petite frames (XS-S), has drawn both fascination and backlash as consumers grapple with its [...]

Korean Bullfighting Excluded from Intangible Cultural Heritage Consideration Amid Animal Welfare Debate

SEOUL, Jan. 25 (Korea Bizwire) — The long-standing tradition of bullfighting in South Korea, celebrated as a local cultural event in regions like Cheongdo, will not be designated as a National Intangible Cultural Heritage, following a decision by the Cultural Heritage Administration. The move comes amid heated debate over whether the practice should be preserved as [...]

Seoul Unveils Ambitious Plan to Become a Global Biotech Leader

SEOUL, Jan. 24 (Korea Bizwire) — The South Korean government has announced an ambitious initiative to position the country as one of the world’s top five biotech powerhouses by establishing a Korean-style bio cluster and accelerating AI- and data-driven biotech research and development (R&D). The plan aims to elevate the biotech industry to a level [...]

Gender Gap in Teen Dating Costs Highlights Tradition vs Equality

SEOUL, Jan. 24 (Korea Bizwire) — A stark gender divide exists among South Korean teenagers regarding dating expenses, with young women overwhelmingly favoring equal cost-sharing while young men show more traditional views, according to a lifestyle report released by Woori Bank on January 23. The “Teens’ Diary” report, which surveyed 3,729 teenagers aged 14-18 nationwide, revealed [...]

China’s Record Trade Surplus Sparks Global Backlash Over Low-Cost Exports

SEOUL, Jan. 22 (Korea Bizwire) — A surge in Chinese exports is stoking tensions across the global industrial landscape, as countries worldwide grapple with an influx of low-priced Chinese goods that many say is disrupting their domestic markets. China’s customs authority reported that exports reached a record 25.5 trillion yuan in 2024, jumping more than 7% [...]

Automotive Experts Call for Adjustment to S. Korea’s Zero-emission Vehicle Target

SEOUL, Jan. 21 (Korea Bizwire) — Automotive industry experts on Tuesday urged the government to revise its ambitious target of deploying 4.5 million zero-emission vehicles by 2030, part of the nation’s greenhouse gas reduction goals, to align with practical realities. Yoon Kyung-sun, executive managing director of the Korea Automobile & Mobility Association (KAMA), called the [...]

Xiaomi Challenges Samsung-Apple Dominance in South Korean Smartphone Market

SEOUL, Jan. 20 (Korea Bizwire) — In a move to penetrate South Korea’s tightly controlled smartphone market, Xiaomi is looking to establish its first physical store in Seoul, potentially disrupting the long-standing dominance of Samsung and Apple. The Chinese tech giant, which recently established a Korean subsidiary, launched its first product, the Xiaomi 14T, on January [...]

South Korea’s Shipbuilding Giants Achieve Milestone Profits Amid Industry Boom

SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s top three shipbuilders are expected to report collective annual profits for 2024, marking the first time in 13 years that the trio—HD Korea Shipbuilding & Offshore Engineering, Hanwha Ocean, and Samsung Heavy Industries—have all turned a profit. The achievement comes amid a “super cycle” in the global shipbuilding [...]