SEOUL, Jun. 26 (Korea Bizwire) – As Naver Webtoon prepares for its Nasdaq listing, the company has set its initial public offering (IPO) price, catapulting its valuation to around 3.7 trillion won. This development marks a significant milestone for the digital comics industry, challenging the long-held notion that “webtoons can’t make money.” Webtoon Entertainment, the North [...]
BUSAN, Jun. 24 (Korea Bizwire) – As local governments across South Korea grapple with a looming demographic crisis, one district in the city of Busan is taking an unprecedented approach: offering substantial financial incentives for couples who meet through government-sponsored matchmaking events and decide to marry. Saha District in Busan announced on June 22 that it [...]
SEOUL, Jun. 24 (Korea Bizwire) – In a innovative approach to environmental education, 50 schools across Seoul are set to receive AI-powered recycling robots this September, the Seoul Metropolitan Office of Education announced on June 22. The robot, named “Nephron,” uses artificial intelligence to determine whether items are recyclable. When students insert a transparent plastic bottle [...]
SEOUL, Jun. 20 (Korea Bizwire) – CJ CheilJedang, a leading food company in South Korea, has taken an active stance in upcycling, repurposing wheat bran, a byproduct of flour milling, as an ingredient in bread products. The company announced on June 19 that it is expanding synergies by investing in two food startups, Re:Harvest and SnE [...]
SEOUL, June 18 (Korea Bizwire) – Overcome with emotions while discussing an ongoing legal situation involving her father, South Korean golf legend Pak Se-ri said Tuesday she will try to keep her professional work and private matters separate. Pak, a World Golf Hall of Famer, held a press conference in Seoul in her capacity as [...]
SEOUL, Jun. 18 (Korea Bizwire) – The Seoul Volunteer Center recently operated a ‘Neighbor Vending Machine’ pop-up event themed around community communication at the 2024 Car-Free Jamsugyo Walkathon Festival, it announced on June 17. The concept allowed participants to write down messages or concerns they wanted to share with their neighbors, which would then dispense notes [...]
SEOUL, June 14 (Korea Bizwire) – Lotte Home Shopping, a major South Korean home shopping channel, has achieved remarkable sales through its innovative “300 Second Bargain” TV segment, marking a first for the industry. In a pioneering move, Lotte Home Shopping introduced the “short-form” format to its live TV broadcasts in March, offering daily essentials at [...]
SEOUL, June 13 (Korea Bizwire) – Despite sweltering temperatures Thursday, the area around the Seoul Sports Complex in southern Seoul transformed into a vibrant sea of purple, as fans gathered to celebrate the 11th anniversary of K-pop megastar BTS. Hours before the 2024 Festa — an annual event hosted by BTS’ agency, BigHit Music — [...]
SEOUL, Jun. 7 (Korea Bizwire) – As he was inducted into the League of Legends Hall of Legends on June 6, Lee Sang-hyeok, known as “Faker,” the celebrated professional gamer for the T1 team, spoke about the profound impact his career has had on fans worldwide. “Throughout my professional life, I’ve faced many ups and [...]
SEOUL & LONDON, Jun. 6 (Korea Bizwire) –Korean literature is stepping into the global literary scene as Oxford University launches an annual festival to celebrate the works of prominent Korean authors and introduce them to European audiences. The Korean Literature Festival, organized by Cho Ji-eun, a professor of Asian and Middle Eastern Studies at Oxford, [...]