SEOUL, June 26 (Korea Bizwire) — South Korea’s financial investment in the United States surged to an all-time high in 2024, as domestic investors increasingly turned to U.S. stocks and production facilities amid a shifting global economic landscape, data from the Bank of Korea showed Thursday. According to the central bank’s provisional international investment balance sheet, [...]
SEOUL, June 25 (Korea Bizwire) – Once the dominant force in South Korea’s imported vehicle market, diesel-powered passenger cars are facing a steep decline as consumers increasingly turn to cleaner alternatives. According to data released Tuesday by the Korea Automobile Importers & Distributors Association (KAIDA), only 1,469 imported diesel passenger vehicles were sold in South [...]
SEOUL, June 24 (Korea Bizwire) — Samsung Electronics has officially introduced the Exynos 2500, its most advanced smartphone processor to date, signaling a major leap in chip design and manufacturing ahead of next month’s Galaxy Unpacked event in New York. Detailed on Samsung’s official website, the Exynos 2500 is the first smartphone application processor (AP) to [...]
SEOUL, June 24 (Korea Bizwire) — While global consumers continue to favor monochromatic car colors, South Korean buyers are increasingly opting for vibrant, expressive hues, according to a new report by global coatings manufacturer Axalta. The report, released on June 22, shows that in 2024, 24% of cars sold in South Korea featured chromatic (non-neutral) [...]
SEOUL, June 24 (Korea Bizwire) — As South Korea grapples with a persistently low birthrate under President Lee Jae-myung’s administration, a new report highlights how the demographic shift is reshaping the nation’s small business ecosystem, prompting price hikes and deepening inequality among local service providers. According to a study released Monday by Hana Financial Group’s [...]
SEOUL, June 20 (Korea Bizwire) — As the number of marriage migrant women continues to rise in South Korea, a new government report highlights the growing health disparities they face — including a higher prevalence of depression and limited access to critical health information due to language and cultural barriers. According to the Korea Institute [...]
SEOUL, June 20 (Korea Bizwire) — A new study by researchers at Seoul National University Hospital suggests that terminal cancer patients who maintain a positive, proactive attitude toward life may live significantly longer — regardless of whether they suffer from depression. The study, published this week in the journal BMC Psychiatry, found that patients with [...]
SEOUL, June 20 (Korea Bizwire) — A leading South Korean civic organization has formally requested the Education Ministry revise middle school social studies textbooks, arguing that current depictions of Africa remain oversimplified and culturally biased. The Voluntary Agency Network of Korea (VANK), known for its activism in correcting historical and cultural inaccuracies, stated on Friday [...]
SEOUL, June 20 (Korea Bizwire) — Seoul’s subway system has faced a deluge of temperature-related complaints in recent months, with over 283,000 grievances filed from January through May, according to Seoul Metro. The figure accounts for 75.5% of all customer service issues reported during the five-month period. As temperatures rose in May, so did commuter frustration, [...]
SEOUL, June 19 (Korea Bizwire) — In a milestone for South Korea’s luxury financial market, Hyundai Card has become the first local issuer to launch the American Express Centurion Card—widely known as the “original black card”—marking the domestic debut of a product long reserved for the global ultra-elite. The card, issued exclusively by invitation and [...]