BUSAN, July 21 (Korea Bizwire) — As housing market polarization between metropolitan and regional areas intensifies, Busan is witnessing a stark internal divide in apartment prices, with the gap between its highest- and lowest-priced units reaching a record high over the past decade. According to data from KB Real Estate analyzed by real estate platform Budongsan [...]
SEOUL, July 20 (Korea Bizwire) — Following a final acquittal by South Korea’s Supreme Court, Samsung Electronics Chairman Lee Jae-yong has entered a new era — free from the legal battles that have dogged him for nearly a decade. Yet the silence from both Lee and the company signals a period of deep strategic reflection, [...]
SEOUL, July 20 (Korea Bizwire) — LG Electronics is deepening employee engagement with its core brand philosophy through a company-wide internal campaign designed to inspire optimism and customer-centric innovation. Dubbed “Life’s Good ON AIR”, the initiative reinforces LG’s commitment to its brand promise — “Life’s Good” — by highlighting how everyday actions and workplace innovation contribute [...]
SEOUL, July 19 (Korea Bizwire) — Despite growing awareness of multiculturalism in South Korea, a new national survey reveals that while a significant portion of Koreans are open to having immigrants as neighbors or coworkers, far fewer are willing to accept them as close family members. According to a report released Friday by the Korea [...]
GYEONGJU, July 19 (Korea Bizwire) — Chey Tae-won, Chairman of SK Group and the Korea Chamber of Commerce and Industry (KCCI), issued a pointed warning on Friday about China’s rapid advancement in manufacturing AI, urging South Korea to form a strategic alliance with Japan and reform key policies to maintain competitiveness in the global AI [...]
SEOUL, July 18 (Korea Bizwire) — A special investigation team probing allegations against Kim Keon-hee, wife of former President Yoon Suk-yeol, carried out a sweeping raid Friday on key facilities of the Unification Church, triggering a dramatic protest from its followers. According to reports by MBC and JTBC, the raid targeted the Cheon Jeong Gung [...]
SEOUL, July 18 (Korea Bizwire) — Netflix is poised to generate up to 62.9 trillion won ($45.2 billion) in revenue this year—more than triple the total revenue of South Korea’s entire broadcasting industry in 2023, which stood at 18.8 trillion won. The surge reflects the platform’s accelerating global dominance and the rising popularity of Korean [...]
DAEJEON, July 18 (Korea Bizwire) — South Korea is seeing a sharp rise in baking-related patents, driven by growing consumer demand for bread and a cultural shift toward Western-style diets, according to the Korean Intellectual Property Office (KIPO). Over the past two decades, more than 3,500 patent applications have been filed in the baking sector, [...]
IKSAN, July 18 (Korea Bizwire) – McDonald’s Korea’s latest local specialty, the “Iksan Sweet Potato Mozzarella Burger,” has become a viral sensation on social media, surpassing 500,000 units sold within just four days of its release on July 10. The burger is now poised to reach the one-million mark by this weekend, according to officials [...]
SEOUL, July 18 (Korea Bizwire) — In a direct response to South Korea’s strengthened gaming regulations, U.S. game publisher Electronic Arts (EA) has disabled microtransaction features for Korean users of its upcoming soccer title, “FC 26,” making it one of only two countries—alongside Russia—facing such restrictions. According to industry sources on Thursday, EA has blocked [...]