SEOUL, May 5 (Korea Bizwire) — South Korean investors are turning their attention from traditional tech giants to artificial intelligence (AI) leaders, with U.S.-based software firm Palantir Technologies now surpassing Apple in Korean-held investment value. According to data released by the Korea Securities Depository, as of April 30, domestic investors held $4.26 billion (approximately 6 trillion [...]
SEOUL, May 5 (Korea Bizwire) — CJ ENM, South Korea’s leading media and entertainment company, said Monday it has signed a partnership with Amazon Prime Video to supply its original drama series through the global streaming platform. The two companies signed the strategic deal on May 3 (local time) during the World Audio Visual and [...]
SEOUL, May 5 (Korea Bizwire) — The Seoul Metropolitan Government is reviewing a proposal to lower the upper age limit for women eligible for its egg freezing subsidy program from 49 to 45, amid growing concerns over the program’s effectiveness in older age groups. The move follows a recommendation by the Seoul Metropolitan Audit Committee, which [...]
SEOUL, May 5 (Korea Bizwire) — As global competition heats up in the pharmaceutical and biotech sectors, major players in South Korea and abroad are accelerating efforts to expand the therapeutic indications of existing drugs—a strategy aimed at maximizing product value and securing wider market share. According to industry sources on May 4, Korea Novo Nordisk [...]
SEOUL, May 5 (Korea Bizwire) — In cities across South Korea, brakeless fixed-gear bicycles—commonly known as “fixies”—are rapidly growing in popularity among young people, particularly students. Despite repeated safety concerns from parents, drivers, and law enforcement, regulatory action and institutional safeguards remain absent. On May 2, in Myeongji International New City in Busan’s Gangseo District, students [...]
SEOUL, May 5 (Korea Bizwire) — The number of children in South Korea seeking outpatient psychiatric treatment has more than doubled over the past four years, with sharp increases observed particularly among elementary school-aged children, according to newly released government data. Figures from the Health Insurance Review and Assessment Service, submitted to Rep. Jin Sun-mi of [...]
SEOUL, May 5 (Korea Bizwire) — As modular construction rapidly gains global traction as a sustainable and efficient building method, South Korean construction firms and public agencies are scaling up investments and expanding the scope of projects from single-story homes to high-rise apartments. Modular construction—where prefabricated components are assembled on-site—offers a range of advantages including shorter [...]
SEOUL, May 5 (Korea Bizwire) — South Korea’s leading hotels and department stores are turning to art-driven strategies to attract affluent, experience-seeking customers, elevating their venues from commercial spaces to immersive cultural destinations. With the rise of “art marketing,” retailers are integrating curated exhibitions, docent-led tours, and gallery partnerships into their business models. This trend is [...]
SEOUL, May 5 (Korea Bizwire) — A month after South Korea fully reinstated short selling across all listed stocks, expectations that foreign investors would return to the domestic market have yet to materialize, despite signs of market resilience and easing volatility. According to data from the Korea Exchange, total short-selling turnover on the KOSPI and KOSDAQ [...]
SEOUL, May 5 (Korea Bizwire) — Once bustling with children and parents shopping for notebooks, pens, and toys, the alleyways of Seoul’s famed Changsin-dong stationery and toy market now echo with silence. On what used to be one of the busiest shopping days of the year—Children’s Day—a handful of families wandered through the stalls, their presence [...]