SEOUL, June 9 (Korea Bizwire) — Leading global investment banks have begun upgrading their forecasts for South Korea’s economic growth in 2025, citing expectations of fiscal stimulus from the new administration and easing trade tensions between the U.S. and China. After months of downward revisions driven by sluggish domestic consumption and weak exports, institutions such [...]
SEOUL, June 9 (Korea Bizwire) — Just days into his presidency, Lee Jae-myung is facing a cautiously optimistic public. According to a new Realmeter survey released Monday, nearly 6 in 10 South Koreans believe the newly inaugurated leader will perform well in managing state affairs. Yet the number reflects a more tempered confidence compared to [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s rapidly aging population is reshaping the country’s most common reasons for hospitalization, overtaking once-dominant childbirth-related admissions, according to newly released health data. The Health Insurance Review and Assessment Service (HIRA) announced on June 8 that the most common cause of hospitalization covered by the national health insurance system [...]
SEOUL, June 9 (Korea Bizwire) — While the overall incidence of sexual harassment in South Korean workplaces has declined slightly, a new government report reveals a troubling surge in online abuse—a shift attributed to the rise in remote and hybrid work settings. According to a triennial survey released Monday by the Ministry of Gender Equality [...]
SEOUL, June 9 (Korea Bizwire) — Four in ten South Korean companies have already implemented artificial intelligence technologies in their operations, marking a rapid acceleration of AI adoption across industries, according to a new government-backed report released on June 8. The report, commissioned by the Ministry of Trade, Industry and Energy and conducted by E-Consumer, [...]
SEOUL, June 9 (Korea Bizwire) — As South Korea concludes its 21st presidential election, the country is now contending with the environmental aftermath: a staggering amount of waste generated by campaign materials, including brochures, posters, and banners. According to the National Election Commission (NEC) on June 8, over 580 million sheets of election brochures were distributed [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s alternative trading system (ATS), NextTrade (NXT), is rapidly gaining traction as a go-to platform for off-hours stock trading, with pre-market and after-hours volumes soaring fivefold over the past two months. Despite the momentum, the company says it will prioritize stability over aggressive expansion. According to figures released by [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s residential system air conditioner market is experiencing robust growth, driven by rising consumer demand for efficient space cooling and stylish home interiors, as well as a boom in home remodeling. According to industry data released on June 8, more than 80% of households moving into new apartments [...]
SEOUL, June 8 (Korea Bizwire) — South Korea’s compact car market, once buoyed by economic downturns, is now facing a dramatic collapse, with annual sales expected to fall below 70,000 units for the first time in over a decade. According to data released June 8 by market tracker CarIsYou Data Research Institute, mini car registrations [...]
SEOUL, June 9 (Korea Bizwire) — As cybersecurity concerns mount across South Korea, Samsung Electronics is stepping up its smartphone security, unveiling a series of anti-theft upgrades through its latest AI-integrated platform, One UI 7. According to industry sources on June 8, the tech giant has introduced advanced identity verification and theft-prevention features in its newest [...]