SEOUL, May 11 (Korea Bizwire) — Samsung Electronics’ semiconductor division continues to trail Taiwan’s TSMC in quarterly sales, as surging demand for artificial intelligence (AI) chips solidifies the Taiwanese chipmaker’s lead in the global foundry market. According to industry data released on Sunday, Samsung’s Device Solutions (DS) division recorded 25.1 trillion won in revenue for the [...]
SEOUL, May 11 (Korea Bizwire) — Under the soft breeze of a post-rain afternoon at Seoul’s Banpo Hangang Park, 126 participants in clown wigs, hanbok, and even llama costumes sat silently side-by-side across the Jamsu Bridge on Sunday. They weren’t preparing for performance art—they were competing to do absolutely nothing. This was the annual “Han River [...]
SEOUL, May 10 (Korea Bizwire) — The South Korean government has begun crafting its Fifth Basic Plan for Low Fertility and Aging Society, a sweeping five-year strategy aimed at countering the nation’s deepening demographic crisis. The new plan, set to take effect in 2026, will replace the current fourth plan that expires this year. At the [...]
SEOUL, May 10 (Korea Bizwire) — South Korea has launched a joint public-private task force to spearhead the development of next-generation liquid hydrogen carriers, a strategic initiative to maintain the country’s global edge in shipbuilding and pioneer a future green energy market. The Ministry of Trade, Industry and Energy (MOTIE) announced Friday that it held an [...]
ULSAN, South Korea, May 9 (Korea Bizwire) — HD Hyundai Heavy Industries is undertaking a sweeping overhaul of its Ulsan shipyard under a new “Visible Safety” initiative aimed at modernizing aging facilities and reinforcing workplace safety culture, the company announced Friday. Launched in response to risks associated with the nearly 50-year-old plant, the project focuses on [...]
SEOUL, May 9 (Korea Bizwire) — The Seoul Facilities Corporation announced Friday that it will open a new AI-powered “Smart Shelter” in the Jonggak underground shopping center this November, transforming long-vacant retail spaces into a tech-driven experience zone blending shopping innovation and public rest areas. Spanning approximately 76 square meters (23 pyeong), the Smart Shelter will [...]
SEOUL, May 9 (Korea Bizwire) — South Korean security and technology experts are raising alarms over Google’s renewed request to export high-resolution digital maps of the country, warning that approval could pose grave national security and economic risks in an era of increasingly drone-based warfare and geopolitical uncertainty. During a policy forum held at the [...]
SEOUL, May 9 (Korea Bizwire) — South Korean consumers reined in spending on everyday items and luxury goods in the first quarter of 2025, while showing a notable willingness to spend on travel-related expenses, according to new data from mobile analytics platform IGAWorks. The firm’s Mobile Index data, based on estimated credit and debit card transactions [...]
SEOUL, May 8 (Korea Bizwire) — Samsung Electronics announced a major organizational overhaul on Thursday, establishing a dedicated AI Productivity Innovation Group within its Device Experience (DX) division as part of its push to transform into a fully “AI-driven company.” The move marks a significant step in Samsung’s efforts to embed artificial intelligence into its [...]
MILAN, May 8 (Korea Bizwire) — South Korea is preparing to roll out a new cross-border payment system that will allow travelers to make purchases abroad by simply scanning a QR code with a mobile app — no credit or debit card required. A companion feature will also enable cash withdrawals from overseas ATMs, aimed [...]