SEOUL, Mar. 8 (Korea Bizwire) – Fu Bao, the first giant panda born in South Korea, is set to return to China on April 3, drawing significant attention not only to her journey but also to the story of her late grandmother, Xin Nier. Xin Nier, who passed away in 2016 due to intestinal obstruction at [...]
SEOUL, Mar. 7 (Korea Bizwire) – In a striking surge, Chinese e-commerce companies are rapidly expanding their foothold in the South Korean market, leveraging ultra-low pricing as their primary strategy. Data from application and retail analysis service WiseApp reveals that these platforms are witnessing unprecedented growth in user numbers. As of last month, AliExpress, a leading [...]
SEOUL, Mar. 7 (Korea Bizwire) – A recent analysis conducted using the generative AI ChatGPT on the annual management messages of top companies has revealed that the advancements in digital transformation (DX) and artificial intelligence (AI) are seen as both a crisis and an opportunity for South Korean businesses. On March 6, the Korea Chamber of [...]
SEOUL, Mar. 5 (Korea Bizwire) –A recent survey conducted by the civic group Gabjil 119, in collaboration with Global Research, reveals that while a significant portion of employees recognize the necessity of labor unions in the workplace, many are hesitant to join, particularly within small and medium-sized enterprises (SMEs), due to fears of potential disadvantages. [...]
SEOUL, March 4 (Korea Bizwire) – The Constitutional Court has ruled that a law restricting the workweek to a 52-hour maximum is in line with the highest law because it is designed to protect the health and safety of workers. In a unanimous decision Thursday last week, the court said the Labor Standards Act specifying [...]
SEOUL, Mar. 4 (Korea Bizwire) –Following their simultaneous unveiling of integrated washer-dryer units last month, Samsung Electronics and LG Electronics are poised for another face-off with the concurrent launch of their 2024 TV models. Amidst expectations of a market rebound focused on premium TVs after last year’s downturn, both tech giants are doubling down on [...]
SEOUL, Mar. 4 (Korea Bizwire) – A recent study has uncovered that college students who frequently drink alone, known as ‘solo drinkers,’ tend to experience higher levels of depression and anxiety compared to their peers who drink socially. The research, led by Jeon Hye-Rin, a clinical psychologist in training at Yonsei University College of Medicine’s Severance [...]
SEOUL, Mar. 3 (Korea Bizwire) –In the last ten years, South Korea has seen a significant 40% decrease in the number of marriages, casting uncertainty on the premise of childbirth in a country where marriage traditionally precedes starting a family. Statistics Korea’s December 2023 population trends report and data from the Korean Statistical Information Service [...]
SEOUL, Mar. 2 (Korea Bizwire) – The online streaming service industry is setting its sights on sports as the next major content draw, pouring significant investments into securing exclusive broadcasting rights. According to a recent report published by MezzoMedia, a digital marketing subsidiary of CJ ENM, this strategic shift aims to alleviate the financial pressures [...]
SEOUL, Feb. 29 (Korea Bizwire) – After 37 years, South Korea’s prohibition against the early disclosure of fetal sex, a measure initially implemented to combat gender-biased abortions fueled by a preference for sons, has been rescinded by the Constitutional Court. The court, on a pivotal day, declared the section of the medical law that barred medical [...]