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Archive by category Features

South Korean Shipbuilders Launch Joint Task Force to Navigate $150 Billion U.S. Maritime Fund

MASGA initiative aims to deepen Korea-U.S. shipbuilding cooperation under Lee-Trump trade framework SEOUL, August 3 (Korea Bizwire) — South Korea’s leading shipbuilders have formed a joint task force to coordinate participation in the newly announced Korea-U.S. shipbuilding partnership, known as the MASGA (Maritime and Shipbuilding Growth Arrangement) initiative—a $150 billion sector-specific fund unveiled as part [...]

Korea’s AI-Powered DRT System Debuts in Hungary with Hyundai at the Helm

SEOUL, August 3 (Korea Bizwire) — South Korea’s demand-responsive transport (DRT) system has made its European debut in Hungary, marking a milestone in the country’s push to export advanced mobility solutions. The Ministry of Economy and Finance announced Sunday that a pilot project for the Korean-style DRT system officially launched on July 31 in Gödöllő, [...]

Son Heung-min Bids Tearful Farewell to Tottenham in Emotional Seoul Sendoff

After a decade at Spurs, South Korean icon closes chapter with tribute-filled match as move to MLS looms SEOUL, August 3 (Korea Bizwire) — Son Heung-min, the face of South Korean football and a trailblazer in Europe’s elite leagues, bid an emotional farewell to Tottenham Hotspur in a sold-out exhibition match in Seoul on Saturday [...]

Fast Rollout of Relief Coupons Marred by Fraud and Discrimination Controversy

SEOUL, August 2 (Korea Bizwire) — South Korea’s emergency consumer coupon program, launched to revitalize local economies, achieved a 90% disbursement rate within just 11 days of rollout, but has since come under scrutiny over illegal cash conversions and human rights concerns related to the card’s design. The “Livelihood Recovery Consumer Coupons,” issued in prepaid [...]

Foster Parents in South Korea Struggle Under Economic Strain, Call for Policy Overhaul

SEOUL, August 2 (Korea Bizwire) — As South Korea’s foster care rate lags behind international standards, foster parents are sounding the alarm over growing financial burdens and administrative hurdles that discourage families from taking in vulnerable children. According to the Ministry of Health and Welfare, only 44.7% of children in protective care were placed in [...]

From Incinerator to Icon: Bucheon Turns Waste Facility into Cultural Powerhouse

BUCHEON, August 2 (Korea Bizwire) — Once a symbol of environmental controversy, a former waste incinerator in Bucheon has been reborn as a thriving cultural landmark. The Bucheon Art Bunker B39, a six-story industrial relic near Bucheon IC on the Gyeongin Expressway, is now at the heart of the city’s cultural revival—an emblem of urban [...]

Seoul Maintains Cautious Stance on Google’s Mapping Data Request Ahead of High-Level Security Review

SEOUL, August 1 (Korea Bizwire) — As South Korea prepares to review Google’s request to export high-resolution local mapping data next month, government officials are signaling that national security—not trade relations—will remain the key lens through which the issue is assessed. Despite recent speculation that the matter might surface in the context of U.S.-Korea trade [...]

Korea to Pilot Front-Facing Stickers on Motorcycles in Safety Initiative

SEOUL, Aug. 1 (Korea Bizwire) – In a bid to curb traffic violations and enhance safety among commercial motorbike drivers, South Korea’s Ministry of Land, Infrastructure and Transport announced Wednesday that it will launch a one-year pilot program in October requiring front-facing number stickers on delivery motorcycles. Currently, motorcycles in Korea are only required to [...]

South Korea Honors 1936 ‘Erased Rising Sun’ Incident as Symbol of Independence Movement

SEOUL, August 1 (Korea Bizwire) — South Korea’s Ministry of Patriots and Veterans Affairs has designated the 1936 Berlin Olympics “Erased Rising Sun” incident—where Korean newspapers removed the Japanese flag from the uniform of marathon gold medalist Sohn Kee-chung—as the “Independence Movement of August 2025.” At the time, Sohn, a Korean athlete under Japanese colonial [...]

College Enrollment Among Multicultural Youth in South Korea Hits Record High

SEOUL, August 1 (Korea Bizwire) — South Korea’s multicultural households are seeing marked improvements in education and living standards, with over 61% of multicultural youth entering higher education institutions in 2023 — a significant rise from 40.5% in 2021. The gap between multicultural and general youth college enrollment rates has narrowed from 31 percentage points [...]