SEOUL, May 12 (Korea Bizwire) — South Korea has newly designated robotics and defense technologies as part of its portfolio of advanced technologies the country aims to strategically develop as new economic growth engines, the industry ministry said Monday. The Ministry of Trade, Industry and Energy posted a notification of designation of the two new [...]
SEOUL, May 12 (Korea Bizwire) — In a striking turn of events at the 2025 Korean box office, Yadang: The Snitch has overtaken Bong Joon-ho’s Hollywood sci-fi epic Mickey 17 to become the year’s top-grossing film—thanks to a slow-burning surge powered by viewer recommendations and strategic release timing. Mickey 17, one of the most anticipated theatrical [...]
SEOUL, May 12 (Korea Bizwire) — As South Korea grapples with the financial implications of its aging population, the government has released the nation’s first full-scale survey on so-called “dementia money”—the frozen assets held by elderly citizens with dementia—and experts are urging swift action modeled on Japan’s experience. According to the Presidential Committee on Aging Society [...]
SEOUL, May 12 (Korea Bizwire) — In a new step toward carbon neutrality in the building sector, the South Korean government has introduced a savings program that rewards citizens with higher interest rates if they reduce their electricity consumption. The Ministry of Land, Infrastructure and Transport announced Sunday the launch of the “Energy-Saving DooDream Savings” product, [...]
SEOUL, May 12 (Korea Bizwire) — For the first time in nearly two decades, nuclear power has surpassed coal to become South Korea’s largest source of electricity, signaling a broader shift in the country’s energy landscape toward cleaner and more sustainable sources. According to the Ministry of Trade, Industry and Energy’s newly released 2024 Energy Supply [...]
DAEJEON, May 12 (Korea Bizwire) — South Korean startup PMI BioTech, a spinoff from the Korea Research Institute of Chemical Technology (KRICT), has signed a five-year export contract worth approximately 12 billion won (roughly $9 million USD) with a major U.S.-based global distributor for its high-purity calcium product derived from oyster shells, the institute announced on [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s birthrate continues to decline, but a growing number of unmarried adults now say they still intend to marry—offering a potential, if modest, glimmer of hope in the nation’s battle against population decline. According to a comprehensive 2024 survey released Sunday by the Korea Institute for Health and Social [...]
SEOUL, May 11 (Korea Bizwire) — Starbucks Korea announced Sunday that it will extend operating hours at a majority of its stores to 10 p.m. by mid-May, restoring pre-pandemic hours as late-evening foot traffic and demand for decaffeinated beverages rise. The move marks a shift from the reduced schedules implemented during the COVID-19 pandemic. Currently, [...]
SEOUL, May 11 (Korea Bizwire) — Samsung Electronics’ semiconductor division continues to trail Taiwan’s TSMC in quarterly sales, as surging demand for artificial intelligence (AI) chips solidifies the Taiwanese chipmaker’s lead in the global foundry market. According to industry data released on Sunday, Samsung’s Device Solutions (DS) division recorded 25.1 trillion won in revenue for the [...]
SEOUL, May 11 (Korea Bizwire) — Once hailed as a global challenger to ChatGPT, China’s generative AI platform DeepSeek is failing to gain traction in South Korea despite resuming downloads late last month after a data privacy-related suspension. According to mobile analytics firm IGAWorks’ Mobile Index, DeepSeek ranked sixth in the domestic AI app market in [...]