SEOUL, June 16 (Korea Bizwire) — South Korea is intensifying efforts to secure global leadership in artificial intelligence by investing ₩300 billion (approximately $220 million) over the next five years to recruit 400 elite postdoctoral researchers in AI convergence fields. Announced on Sunday by the Ministry of Science and ICT and the country’s four premier science [...]
SEOUL, June 15 (Korea Bizwire) — A sharp spike in global oil prices, triggered by Israel’s recent airstrike on Iranian nuclear facilities, is injecting fresh uncertainty into South Korea’s refining sector just as it showed signs of recovery. Industry analysts say the attack—amid already fragile geopolitical conditions—has heightened concerns over global supply disruptions and intensified [...]
LONDON, June 15 (Korea Bizwire) — Samsung Electronics held its “Odyssey Unveiled 2025” event at its flagship brand experience center, Samsung KX, in London on June 13, highlighting its latest innovations in gaming displays and drawing in fans, streamers, and tech creators from across the region. More than 100 attendees—including local influencers, IT experts, and gaming [...]
SEOUL, June 15 (Korea Bizwire) — In a bid to counter South Korea’s declining birthrate, the government and major transit operators are rolling out a series of expanded transportation benefits aimed at easing the burden on families with multiple children. Recent additions include priority departure services at major airports, discounted high-speed rail fares, and enhanced fare [...]
SEOUL, June 15 (Korea Bizwire) — For many South Korean households, the rising cost of everyday groceries is no longer just an inconvenience—it’s a growing burden. From fresh eggs to packaged snacks, the price tags lining supermarket shelves are fueling consumer frustration and prompting government action. According to data released Sunday, South Korea ranked as [...]
SEOUL, June 15 (Korea Bizwire) — As summer temperatures begin to climb, South Korea’s major retailers are seeing a sharp uptick in sales of sliced and mini watermelons, reflecting a growing consumer preference for convenience and smaller servings—especially among the nation’s increasing number of one- and two-person households. Traditionally seen as a “the bigger, the [...]
SEOUL, June 14 (Korea Bizwire) — A group of South Korean parents of LGBTQ children gathered in central Seoul on Saturday, offering free hugs and messages of unconditional love at the annual Seoul Queer Culture Festival — a gesture both symbolic and deeply personal in a society still struggling with LGBTQ acceptance. Under banners reading “Son, [...]
SEOUL, June 14 (Korea Bizwire) — Once a symbol of status and a booming lifestyle trend during the pandemic, golf in South Korea is now facing a quieter season. The latest figures show that the country’s imports of golf equipment plunged over 23 percent last year, falling to approximately 756.6 billion won (US$557.7 million) — a [...]
SEOUL, June 13 (Korea Bizwire) — A new public opinion survey shows that a strong majority of South Koreans have confidence in President Lee Jae-myung’s ability to lead the nation, with 70 percent of respondents saying they expect him to perform well during his five-year term. The poll, conducted by Gallup Korea from June 10 to [...]
SEOUL, June 13 (Korea Bizwire) — In commemoration of World Oceans Day, Samsung Electronics unveiled its original documentary Coral in Focus at the 3rd United Nations Ocean Conference (UNOC), held on June 11 in Nice, France. The screening highlighted the company’s commitment to marine conservation through technology-driven environmental initiatives. UNOC, convened every three years, is the [...]