SEOUL, Dec. 9 (Korea Bizwire) – In a significant pivot toward the world’s most populous nation, South Korean corporate powerhouses are intensifying their focus on India, seeing it as both an antidote to their China-dependent supply chains and a promising frontier for growth. Companies like Samsung Electronics, LG Electronics, and Hyundai Motor are expanding their footprint [...]
SEOUL, Dec. 9 (Korea Bizwire) — LG AI Research, the artificial intelligence lab under South Korea’s LG Group, on Monday unveiled an upgraded version of its giant, multimodal AI model Exaone, offering enhanced performance and cost efficiency for its users. To support the AI ecosystem, all three models of the latest Exaone 3.5 will be [...]
STOCKHOLM, Dec. 7 (Korea Bizwire) —On December 6, Han Kang, the acclaimed South Korean author and recipient of the 2023 Nobel Prize in Literature, expressed her shock over the resurgence of martial law in South Korea in 2024. Speaking at a press conference at the Nobel Prize Museum, Han reflected on the parallels between recent [...]
SEOUL, Dec. 7 (Korea Bizwire) – With over six million diabetes patients in South Korea, new research reveals a troubling connection between severe gum disease (periodontal disease) and an elevated risk of developing diabetes, particularly among younger individuals. A study led by Professor Shin Myung-hee of Sungkyunkwan University’s School of Medicine analyzed data from nearly 30,000 [...]
SEOUL, Dec. 6 (Korea Bizwire) – South Korea’s tourism and retail industries are on edge following the recent declaration and lifting of martial law, as travel warnings from major countries raise concerns about a potential decline in foreign visitors. While the Korea Tourism Organization reported no significant cancellations as of December 5, signs of apprehension [...]
SEOUL, Dec. 6 (Korea Bizwire) – South Korea is witnessing a steady shift toward transparent corporate governance as more conglomerates adopt holding company structures. However, concerns are mounting over indirect investments via overseas subsidiaries, potentially enabling unfair internal transactions and abuse of authority. According to the Fair-Trade Commission (FTC), 43 of the country’s 88 conglomerates [...]
SEOUL, Dec. 6 (Korea Bizwire) – Major gaming companies worldwide are intensifying their competition to secure valuable intellectual property through aggressive mergers, acquisitions, and investments, with Asian technology giants leading the charge. Tencent, China’s largest gaming and technology company, has recently acquired domestic game developer Kuro Games, the studio behind Wuthering Waves, adding to its growing portfolio [...]
SEOUL, Dec. 6 (Korea Bizwire) – With global markets increasingly focusing on South Korean webtoons, Japan’s traditional manga is experiencing a surprising surge in popularity within South Korea itself, marked by a wave of high-profile exhibitions and unprecedented author visits throughout the year. The manga renaissance has been particularly evident in Seoul’s bustling exhibition scene. The year [...]
SEOUL, Dec. 5 (Korea Bizwire) — Amid South Korea’s declining birthrate, corporations are stepping up with innovative and generous measures to support employees who choose to have children. From cash incentives to tailored family support policies, the private sector is playing a growing role in addressing the country’s demographic challenges. Buoyed by a groundbreaking policy [...]
SEOUL, Dec. 5 (Korea Bizwire) – CJ OnStyle, a major South Korean online retailer, has identified “newmiliar” as the defining consumer trend of 2024, describing a preference for products that combine familiarity with innovative twists. The term “newmiliar,” a portmanteau of “new” and “familiar,” emerged from the company’s analysis of sales data across its most popular [...]