SEOUL, Dec. 15 (Korea Bizwire) — South Korea’s wealthy population continued to grow last year, exceeding 476,000 individuals with more than 1 billion won (about $760,000) in financial assets, according to a new report that highlights widening asset gaps and a renewed appetite for stock investments despite a climate of economic uncertainty. The 2025 Korea Wealth [...]
SEOUL, Dec. 14 (Korea Bizwire) — Hyundai Motor is strengthening its position in Brazil, the largest automotive market in South America, widening its lead over Toyota as competition among Asian brands intensifies. According to data released Sunday by the Brazilian vehicle distributors’ federation Fenabrave, Hyundai sold 182,948 cars in Brazil between January and November, capturing an [...]
SEOUL, Dec. 12 (Korea Bizwire) — A growing number of consumers are preparing to take legal action in the United States against Coupang Inc. over a massive data breach that exposed personal information from nearly two-thirds of South Korea’s population, according to a Seoul-based law firm. Daeryun Law Firm LLC said Friday that its U.S. [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s government is preparing to introduce a special law aimed at tightening safety rules at construction sites and imposing harsher penalties for fatal accidents, the country’s land minister said Friday, as the sector continues to grapple with a steady rise in deadly workplace incidents. Land Minister Kim Yun-duk [...]
SEOUL, Dec. 12 (Korea Bizwire) — Samsung Electronics’ newest foldable smartphone, the Galaxy Z TriFold, appears poised for a strong debut after the first batch sold out within minutes of its release in South Korea on Friday, signaling robust early demand for the company’s most experimental form factor yet. According to the information technology industry, all [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s newly created media regulator said Friday it will open a transparency center next year to confront the spread of online disinformation, signaling an aggressive shift in how the government intends to police digital content. The announcement came as the Korea Media Communications Commission (KMCC) delivered its first [...]
SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s newlywed population slipped below the one-million mark for the second year in a row in 2024, a symbolic threshold for a country already preoccupied with its demographic future. Government data released Friday show just 952,000 couples had been married for five years or less last year—a 2.3 [...]
SEOUL, Dec. 12 (Korea Bizwire) — A proposal that would grant the South Korean government authority over civilian access to the Demilitarized Zone — long controlled by the United Nations Command — is facing resistance from key ministries in Seoul and from the U.S.-led command itself. Lawmakers from the governing Democratic Party introduced the bill [...]
SEOUL, Dec. 12 (Korea Bizwire) — With nationwide theater attendance still sluggish, South Korean cinema operators are increasingly turning to high-tech “special formats” — such as 3D, 4D, and premium immersive auditoriums — to give moviegoers a reason to return. Megabox, one of the country’s major multiplex chains, said Wednesday that revenue from its premium technology [...]
SEOUL, Dec. 12 (Korea Bizwire) — A large majority of South Koreans believe that maintaining peaceful coexistence with North Korea is more important than achieving reunification, according to a government survey released Thursday. The Unification Ministry’s poll found that 79.4 percent of respondents agreed that “peaceful coexistence without war is more important than reunification,” reflecting [...]