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Archive by category Most Viewed

Stricter Sentencing Guidelines for Animal Abuse, Sexual Crimes, and Fraud Set for July in South Korea

SEOUL, March 26 (Korea Bizwire) — South Korea’s Supreme Court Sentencing Commission announced on Tuesday new sentencing guidelines aimed at strengthening penalties for animal abuse, sexual offenses, large-scale fraud, and violations of electronic financial transaction laws. The updated guidelines, finalized during the commission’s 137th meeting on March 24, 2025, will apply to crimes prosecuted from [...]

China Signals Thaw in K-Pop Ban amid Diplomatic Overtures to South Korea

SEOUL, March 26 (Korea Bizwire) – In what appears to be a calculated diplomatic gesture, China is showing signs of relaxing its unofficial ban on South Korean cultural imports, amid growing pressure from the United States and a desire to improve relations with its East Asian neighbor. The shift becomes apparent as high-profile K-pop girl [...]

European Companies Report Declining Satisfaction with South Korean Business Climate

SEOUL, March 25 (Korea Bizwire) — European companies operating in South Korea are increasingly dissatisfied with their business performance and the country’s regulatory environment, according to a new survey released Monday. The 2024/25 Korea Business Confidence Survey, conducted by the European Chamber of Commerce in Korea (ECCK), the Korean-German Chamber of Commerce and Industry (KGCCI), [...]

South Korea Leads OECD in Elderly Poverty Rate, Government Report Shows

SEOUL, March 25 (Korea Bizwire) — South Korea’s elderly poverty rate remains the highest among OECD nations, according to the “Korea SDG Implementation Report 2025″ released by Statistics Korea on March 24. The comprehensive report, which analyzes Korea’s progress on 17 sustainable development goals through comparisons with other OECD countries, reveals both improvements and persistent [...]

Nexon Sets Sights on Western Market with Upcoming Release of ‘First Berserker: Khazan’

SEOUL, March 25 (Korea Bizwire) — Nexon is preparing to make a bold push into Western markets with First Berserker: Khazan, a hardcore action RPG for PC and consoles developed by its subsidiary Neople. The game, slated for release on March 28, is a key pillar in Nexon’s strategy to extend the beloved Dungeon & [...]

Race Heats Up for Next-Generation AI Memory Chips as Samsung Seeks Comeback

SEOUL, March 24 (Korea Bizwire) — In a high-stakes battle for dominance in artificial intelligence technology, major semiconductor manufacturers are racing to develop HBM4, the next generation of high-bandwidth memory chips crucial for advanced AI processors. The competition intensified on March 18 when Jensen Huang, the CEO of Nvidia, announced at the company’s GTC 2025 developer conference [...]

Seoul Joins Controversial Pilot Program for Hiring Foreign Domestic Workers Below Minimum Wage

SEOUL, March 24 (Korea Bizwire) — The Seoul Metropolitan Government announced it will participate in a government-led pilot program allowing foreign domestic workers to be hired without the application of South Korea’s minimum wage law, sparking controversy over potential labor rights concerns. The initiative, jointly managed by Seoul City and the Ministry of Justice, aims [...]

Nearly Half of Older Self-Employed in South Korea Earn Below Minimum Wage, Study Finds

SEOUL, March 23 (Korea Bizwire) — Nearly half of South Koreans over the age of 50 who transitioned from wage employment to self-employment are earning less than the country’s minimum wage, highlighting the precarious financial situation of older entrepreneurs. According to a report released on Sunday by the Korea Employment Information Service, analysis of Korea Welfare [...]

Bank of Korea Urges Bold Investment and Regulatory Reform to Boost Service Exports

SEOUL, March 21 (Korea Bizwire) — The Bank of Korea has called for aggressive corporate investment and bold regulatory easing to accelerate South Korea’s service exports, emphasizing the need to build an independent content export infrastructure that doesn’t rely on foreign platforms. In a report titled “Current Status and Future Direction of South Korea’s Service [...]

Marriages with Foreign Spouses in S. Korea Rise for 3rd Year in 2024

SEOUL, March 20 (Korea Bizwire) — The number of multicultural marriages reached 20,759 last year, up 1,042 from the previous year’s 19,717 cases, according to the data from Statistics Korea. The number of international marriages sharply declined to around 15,000 in 2020 from about 24,000 the previous year, and slid further to around 13,000 in [...]