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Archive by category Editor Picks

Break Down of South Korea’s Ambitious Initiatives to Lead in Cutting-Edge Technologies

SEOUL, April 25 (Korea Bizwire) – South Korea’s government has finalized its blueprint to establish global leadership in three pivotal areas it deems “game changers” for the future: artificial intelligence semiconductors, advanced biotechnology and quantum technology. The Presidential Advisory Council on Science & Technology, the nation’s top decision-making body for science and technology issues chaired by [...]

South Korea Sees Progress on Suicide Rate, But Challenges Remain

SEOUL, April 25 (Korea Bizwire) – South Korea’s suicide rate declined in 2023 but remained the highest among countries in the Organization for Economic Cooperation and Development, according to a government report, which also highlighted rising rates of sex crimes and drunk driving in the country. The report, “Korea’s Safety Report 2023,” released on April [...]

Tensions Between Hybe and NewJeans’ Agency Raise Questions About Girl Group’s Future

SEOUL, Apr. 25 (Korea Bizwire) – As the conflict between Hybe and Ador Entertainment, the company behind the rising K-pop girl group NewJeans, escalates, attention is turning to the potential impact on the members’ comebacks and activities. In the K-pop industry, the prevailing view is that major disruptions are unlikely in the near term, as Hybe [...]

Consumer Group Files Complaints Against Alibaba’s AliExpress and Temu Over Privacy Concerns

SEOUL, Apr. 25 (Korea Bizwire) – The consumer advocacy group Citizens United for Consumer Sovereignty (CUCS) has filed complaints against the Chinese e-commerce platforms AliExpress and Temu with the Jongno Police Station in Seoul. The group alleges violations of South Korea’s Personal Information Protection Act and the Act on Promotion of Information and Communications Network Utilization [...]

Samsung Bets on Specialized Phones to Regain Foothold in China’s Smartphone Market

SEOUL, Apr. 25 (Korea Bizwire) – Samsung Electronics, the world’s leading smartphone maker, has relaunched its Galaxy C series of smartphones tailored for the Chinese market after a seven-year hiatus, in a bid to reclaim market share from domestic rivals. According to the market research firm Counterpoint Research, Samsung is estimated to have recorded a market [...]

Survey Finds Overwhelming Support for Asset Sharing Among Married Couples in South Korea

SEOUL, Apr. 24 (Korea Bizwire) – More than 9 out of 10 users of KakaoPay, a popular mobile payment service in South Korea, believe that married couples should share at least a portion of their assets, according to a recent poll conducted by the company. KakaoPay revealed on April 23 the results of a survey conducted [...]

South Korea Tells Chinese Internet Firms to Comply With Privacy Laws

SEOUL, Apr. 23 (Korea Bizwire) – Choi Jang-hyuk, the vice chairperson of South Korea’s Personal Information Protection Commission, said on April 22 that he has made it clear to major Chinese internet companies operating in the domestic market, including Alibaba’s AliExpress and Temu, that they cannot be given a grace period to comply with the country’s [...]

Study Estimates Internet Providers Offer 506 Billion Won in Benefits to Netflix Users

SEOUL, Apr. 22 (Korea Bizwire) – A new study suggests that network operators, including telecommunications companies, provide benefits worth an estimated 506 billion won annually to Netflix users in South Korea. The research paper titled “An Empirical Study on the Benefits Provided by Internet Service Providers (ISPs) to Over-the-Top (OTT) Service Users,” authored by Professor Byun [...]

Groundbreaking ‘Reenactment Test’ Casts Doubt on Pedal Misapplication in Fatal Acceleration Incident

SEOUL & GANGEUNG, Apr. 20 (Korea Bizwire) –In an unprecedented move to determine the cause of a tragic 2022 vehicle acceleration incident that claimed the life of 12-year-old Lee Do-hyun, South Korean authorities conducted an on-site “reenactment test” on April 19, the first of its kind in the nation’s history. The two-hour test in Gangneung, [...]

Reading Crisis Deepens in South Korea as 6 in 10 Adults Didn’t Pick Up a Book Last Year

SEOUL, Apr. 19 (Korea Bizwire) – A stark decline in reading habits has gripped South Korea, with nearly 6 out of 10 adults failing to read a single book over the past year, according to the results of a government survey released on April 18. The 2023 National Reading Survey conducted by the Ministry of Culture, [...]