SEOUL, July 8 (Korea Bizwire) — South Korea’s industrial giants are bracing for a sobering second quarter, as Samsung Electronics’ steep earnings miss reverberates across the country’s core sectors — including autos, steel, batteries, and refining — amid global economic headwinds and rising geopolitical trade barriers. Samsung, long the bellwether of Korean corporate performance, reported [...]
SEOUL, July 8 (Korea Bizwire) — The mounting cost burden of U.S. tariff policies under the Trump administration is beginning to show in the earnings of South Korea’s top electronics manufacturers, with Samsung Electronics and LG Electronics both reporting sharp profit declines in the second quarter. The impact stems from a series of U.S. tariff measures, [...]
SEOUL, July 8 (Korea Bizwire) — As midday temperatures soared past 36°C on July 8, LG Science Park in Seoul remained a cool refuge—thanks to LG Electronics’ cutting-edge HVAC (Heating, Ventilation, and Air Conditioning) systems, now positioned at the core of the company’s high-growth strategy. For the first time, LG opened its state-of-the-art HVAC facility [...]
SEOUL, July 8 (Korea Bizwire) — Samsung Electronics reported a dramatic 56% drop in operating profit for the second quarter of 2025, as its once-reliable semiconductor division faltered under geopolitical pressure and intensifying competition in advanced memory chips. The South Korean tech giant announced preliminary earnings of 4.6 trillion won ($3.3 billion) in operating profit [...]
SEOUL, July 8 (Korea Bizwire) – In a country where knowing your MBTI personality type is as common as your favorite coffee order, another trend is captivating foreign visitors: personal color analysis. A growing number of tourists in South Korea are making appointments at “personal color studios,” where stylists assess an individual’s skin tone, eye [...]
SEOUL, , July 8 (Korea Bizwire) — A growing number of young South Koreans are remaining out of the labor force well after graduation, many continuing to live with their parents — a phenomenon known locally as the “Kangaroo Tribe.” A new government-funded study has found that this group accounts for nearly 17% of all economically inactive [...]
SEOUL, July 8 (Korea Bizwire) — With gold prices climbing steadily, South Korean jewelry brands are increasingly turning to lower-karat gold and alternative materials to appeal to younger, cost-conscious consumers. Traditionally dominated by 14K and 18K offerings, the market is seeing a growing presence of more affordable 10K, 9K, and even 5K gold pieces. These [...]
SEOUL, July 8 (Korea Bizwire) – A new government-commissioned study has found that three out of four drug addicts in South Korea first used narcotics during their teenage or early adult years, largely due to pressure or recommendations from people around them. According to a report released on Sunday by researchers at the Catholic University [...]
SEOUL, July 8 (Korea Bizwire) — South Korea’s pharmaceutical industry is once again under fire as a string of illegal rebate scandals have surfaced in 2025, reigniting calls for structural reform and stronger support for new drug development. Prosecutors recently indicted three mid-sized pharmaceutical companies and their employees in connection with the so-called “residents’ rebate” [...]
GIMPO, July 8 (Korea Bizwire) – A Starbucks nestled just 1.4 kilometers from the North Korean border is emerging as one of South Korea’s most unlikely tourist hotspots, drawing over 120,000 customers in just seven months. The store, located inside Aegibong Peace Ecological Park in Gimpo, opened on November 29, 2024, and has since attracted both [...]