WASHINGTON, Aug. 7 (Korea Bizwire) – President Donald Trump said Wednesday that his administration will impose a 100% tariff on imported semiconductors, escalating trade tensions and raising fresh concerns for South Korean chipmakers such as Samsung Electronics Co. and SK hynix Inc. The tariff announcement came during a White House event highlighting Apple Inc.’s $100 billion [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s Ministry of Environment on Wednesday unveiled new regulatory exemptions aimed at promoting the recycling of lithium iron phosphate (LFP) batteries and electronic waste, as part of a broader push to support emerging green technologies. Under the country’s regulatory sandbox framework, which allows temporary exemptions from existing laws [...]
SEOUL, Aug. 7 (Korea Bizwire) — BGF Retail, operator of South Korea’s CU convenience stores, announced on Thursday a new accessibility initiative designed to assist visually impaired customers with in-store shopping. In partnership with social venture Tuat, the company has integrated a CU-specific mode into the Android version of Sullivan Plus, an AI-powered visual assistance app [...]
MEXICO CITY, Aug. 7 (Korea Bizwire) — The Korean Association of Mexico has launched a petition calling on South Korea’s National Assembly to support the establishment of a consular branch office in Monterrey, the northern Mexican city that now hosts the country’s largest population of Korean nationals. Monterrey, located in the border state of Nuevo [...]
SEOUL, Aug. 7 (Korea Bizwire) — A recent Billboard survey reveals that while a significant share of U.S.-based K-pop fans are spending heavily on albums and merchandise, far fewer are attending live concerts—a disconnect shaped largely by geography and cost. According to the report titled “K-POP Fandom in the U.S.”, 41% of American K-pop fans spend [...]
SEOUL, August 7 (Korea Bizwire) – South Korea is set to release 30 red foxes into the Sobaeksan Mountains this year, part of a long-running restoration effort to bring back a species once common across the Korean Peninsula but driven to the brink of extinction by human intervention in the 1970s. The Korea National Park [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea is drafting an ambitious policy blueprint aimed at curbing the outflow of high-level science and technology talent while aggressively courting top-tier researchers from overseas, particularly in the field of artificial intelligence. According to government officials, the Ministry of Science and ICT has identified an initial demand for [...]
SEJONG, August 6 (Korea Bizwire) — South Korea’s elderly workforce continues to grow, with the number of economically active people aged 55 to 79 surpassing 10 million for the first time, fueled by longer life expectancies, rising living costs, and inadequate pension income, according to new government data released Tuesday. The report, published by Statistics [...]
SEOUL, Aug. 6 (Korea Bizwire) — In a bold fusion of diplomacy and pop culture, South Korea’s Ministry of Agriculture, Food and Rural Affairs has drawn attention online by promoting an upcoming global food security summit with a viral video inspired by a hit Netflix animation. The ministry’s spokesperson, Jeon Han-young, dressed as “Abby,” a lion [...]
SEOUL, Aug. 6 (Korea Bizwire) — South Korea has entered a new era of trade uncertainty as the United States officially begins implementing President Donald Trump’s “reciprocal tariffs” policy, levying a 15% duty on a wide array of Korean exports starting midnight on August 7 Eastern Time. The tariffs, part of Trump’s broader strategy to realign [...]