SEOUL, May 29 (Korea Bizwire) — The average cost of a wedding in South Korea has reached ₩21.01 million (approximately $15,400), with costs in Seoul’s affluent Gangnam district soaring to nearly three times that of the most affordable regions, according to a newly released nationwide survey by the Korea Consumer Agency. The agency’s first comprehensive [...]
SEOUL, May 29, 2025 (Korea Bizwire) — Despite having more flood infrastructure than rural areas, South Korea’s major cities such as Seoul, Incheon, and Busan are at higher risk of flooding, according to a new artificial intelligence-driven study. A joint research team from Pohang University of Science and Technology (POSTECH) and Kyungpook National University used [...]
SEOUL, May 28 (Korea Bizwire) — A South Korean research team has unveiled a new software tool that securely deletes personal information stored in vehicle systems, aiming to mitigate privacy risks associated with secondhand car sales. Dankook University announced Wednesday that it has developed the “ACAT Privacy” program in partnership with vehicle forensics firm CP6. [...]
SEOUL, May 27 (Korea Bizwire) — A renewed push by U.S. President Donald Trump to impose a sweeping 25% tariff on all foreign-made smartphones, including Samsung’s Galaxy lineup, is stirring deep concern at the South Korean tech giant. The proposed tariffs, expected to take effect as early as next month, are part of Trump’s broader strategy [...]
SEOUL, May 27 (Korea Bizwire) — South Korea has the highest employment rate among people aged 65 and older across the OECD, but the quality of jobs available to the elderly remains alarmingly low, driven by insufficient pension income and limited opportunities to leverage their lifelong careers. According to a recent report released by the National [...]
SEOUL, May 27 (Korea Bizwire) — Starbucks is breaking from its long-standing emphasis on face-to-face interaction by introducing self-ordering kiosks in South Korea and Japan — the first such move by the global coffee chain in either country. Starbucks Korea announced on Monday that it will begin rolling out kiosks this week at a limited number [...]
SEOUL, May 26 (Korea Bizwire) — For the first time since statistics began in 2018, South Korea’s once-booming coffee shop sector has shrunk, alongside a broader pullback across key self-employment industries. The decline underscores mounting pressure on small business owners from domestic economic stagnation, market saturation, and rising operating costs. According to data released Sunday by [...]
SEOUL, May 26 (Korea Bizwire) — Chinese home appliance maker Roborock has launched the world’s first robot vacuum equipped with a 5-axis robotic arm, signaling a leap forward in smart home automation. The newly introduced premium model, named Saros Z70, features a foldable robotic arm called “OmniGrip”, equipped with precision sensors, a camera, and LED lighting [...]
SEOUL, May 26 (Korea Bizwire) —HD Hyundai Heavy Industries, the shipbuilding arm of HD Hyundai, will unveil a bold vision for its expansion into the global naval defense market at South Korea’s largest maritime defense exhibition, MADEX 2025, opening May 28 in Busan. The company announced Sunday it will join forces with defense contractor LIG [...]
SEOUL, May 26 (Korea Bizwire) — South Korea is the only major OECD economy where the proportion of youth not in education, employment, or training (NEET) has increased over the past decade, according to a new government-backed study. The country’s NEET rate remains significantly above the OECD average, raising fresh concerns about barriers to labor market [...]