SEOUL, May 26 (Korea Bizwire) – Lee Sang-hyeok, the world-renowned esports pro gamer known as Faker, has turned heads by regularly receiving luxury foreign cars as gifts from sponsors like BMW, highlighting the lucrative endorsement deals available to elite competitors. Faker, 26, is the star player for T1, the esports team owned by the [...]
SEOUL, May 25 (Korea Bizwire) – The United States, China and countries around the world are waging an intense battle to gain supremacy in the semiconductor industry, crucial for cutting-edge technologies. On May 23, in a meeting presided over by President Yoon Suk Yeol, South Korea’s government unveiled a comprehensive 26 trillion won support package for [...]
SEOUL, May 25 (Korea Bizwire) – As a court decision looms that could determine the fate of Min Hee-jin, the founder of the ADOR record label and the former manager of NewJeans, a fierce legal battle is unfolding between Min and her critics at Hybe, the K-pop juggernaut. According to K-pop industry insiders, 10,000 members of [...]
SEOUL, May 24 (Korea Bizwire) –As wage negotiations between Samsung Electronics and its labor unions restarted, the company’s largest union, the National Samsung Electronics Union (NSEU), held a rally disguised as a cultural event on May 24. The gathering drew an estimated 2,000 participants, according to the union, outside Samsung’s headquarters in Seoul’s Seocho District. [...]
SEOUL, May 24 (Korea Bizwire) – The educational levels and incomes of those using international marriage broker services in South Korea have risen markedly, reflecting an aging pool of clients, according to a government survey. The Ministry of Gender Equality and Family announced the results of its “2023 Survey on the Status of International Marriage Brokerage [...]
SEOUL, May 24 (Korea Bizwire) – In a striking shift in South Korea’s social media landscape, Instagram has emerged as the dominant platform, surpassing the once-formidable giants Naver and Kakao, according to a recent report by the Korea Information Society Development Institute (KISDI). The report, titled “Social Media Usage by Generation,” revealed that nearly half (48.6%) [...]
SEOUL, May 24 (Korea Bizwire) – Samsung Electronics retained its status as South Korea’s most valuable brand, its worth approaching 109 trillion won, as the nation’s marquee corporate names recorded robust brand value growth, according to a respected annual ranking. Interbrand, the global brand consultancy, unveiled its “Best Korea Brands 2024″ report on May 23, showing [...]
SEOUL, May 24 (Korea Bizwire) — Police have questioned an official from Hybe, the biggest K-pop powerhouse and home to BTS, in connection with a breach of duty accusation the firm raised against the head of subsidiary ADOR. The Yongsan Police Station in Seoul questioned an unidentified Hybe official as the complainant of the case [...]
SEOUL, May 23 (Korea Bizwire) – Beginning in September, 100 Filipino household workers will be deployed in Seoul as part of a pilot program aimed at assisting dual-income families with child care. However, the high monthly cost of around 2.06 million won for full-time services has raised concerns among young couples about the program’s affordability. According [...]
SEOUL, May 23 (Korea Bizwire) – As young people grapple with the enduring footprint of their digital pasts, South Korea’s “Eraser Service” has emerged as a lifeline, enabling them to scrub embarrassing posts and personal information from the internet. The service, launched last year as a pilot program and now in full operation by the Personal [...]