SEOUL, Nov. 7 (Korea Bizwire) — South Korea’s elite Air Force aerobatic team, the Black Eagles, will not participate in this month’s Dubai Airshow after Japan refused to allow the team’s jets to refuel at one of its bases, citing recent training near the disputed Dokdo islets, military sources said Thursday. According to officials, the South [...]
SEOUL, Nov. 5 (Korea Bizwire) — South Korea’s ruling party is moving swiftly to legislate an extension of the retirement age to 65 by the end of the year, backed by the nation’s two largest labor unions. But the country’s major business groups are warning that the proposal could amplify management uncertainty and deepen structural problems [...]
SEOUL, Nov. 5 (Korea Bizwire) – The number of South Koreans that remain economically inactive rose from a year earlier in 2025, amid a steady increase in the number of people who say they have no particular reason for not working, government data showed Wednesday. A total of 16.22 million individuals had remained economically inactive [...]
SEOUL, Nov. 5 (Korea Bizwire) — As the South Korean government tightens oversight of new weight-loss drugs such as Wegovy and Mounjaro to curb misuse, some users are sidestepping domestic restrictions by traveling to Japan for easier access. Despite recent price stabilization in the domestic market, a growing number of South Koreans are turning to Japanese [...]
SEOUL, Nov. 5 (Korea Bizwire) — Xiaomi announced Tuesday that it will launch a special discount event for its flagship smartphone, the Xiaomi 15 Ultra, after Chinese President Xi Jinping presented the device to South Korean President Lee Jae-myung during their recent summit. Xiaomi Korea said it was “honored” that one of its latest flagship models [...]
SEOUL, Nov. 3 (Korea Bizwire) — On Friday evening, October 31, movie theaters across Seoul’s CGV Yongsan I’Park Mall glowed with a sea of colorful light sticks—once a symbol of concert fandom, now a growing part of Korea’s cinema culture. At a special screening of Netflix’s animated film K-Pop Demon Hunters, fans—both adults and children—waved [...]
SEOUL, Oct. 31 (Korea Bizwire) — South Korea’s National Museum of Korea has reached a historic milestone this year, surpassing 5 million visitors for the first time — and setting a new record in cultural merchandise sales along the way. According to the National Museum Foundation on Friday, sales of its signature product line, MU:DS, totaled [...]
SEOUL, Oct. 31 (Korea Bizwire) — South Korea on Friday launched a new reporting platform that allows users to share experiences of harm or misconduct linked to generative artificial intelligence (AI) services such as ChatGPT, as part of a broader effort to address the social risks emerging from the rapid adoption of AI. The Korea Media [...]
SEOUL, Oct. 31 (Korea Bizwire) — In a rare show of camaraderie among global tech titans, Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor Group Chairman Chung Eui-sun met with Nvidia CEO Jensen Huang on Thursday evening at a fried chicken restaurant in Seoul’s Gangnam district, sharing “so-maek” — a popular Korean mix of soju and [...]
JEONJU, Oct. 30 (Korea Bizwire) — A courtroom drama over a stolen snack valued at just 1,050 won (about 70 cents) has drawn national attention in South Korea, where prosecutors have asked the court to suspend sentencing for a 41-year-old security guard accused of stealing a Choco Pie and custard bread from an office refrigerator. [...]