SEOUL, May 5 (Korea Bizwire) — Samsung Electronics and LG Electronics are seeing robust growth in their automotive electronics divisions, with first-quarter earnings from these units matching or even surpassing those from their flagship home appliance and television businesses—a sign of accelerating transformation in both firms’ business portfolios. According to industry data released on May 4, [...]
SEOUL, May 4 (Korea Bizwire) — As the second Trump administration signals renewed interest in U.S.-Korea collaboration in shipbuilding, South Korea is eyeing an opportunity to revitalize its maritime industry. However, analysts warn that meaningful gains will require overcoming major domestic obstacles, including limited U.S. infrastructure and an acute labor shortage at home. According to a [...]
SEOUL, May 3 (Korea Bizwire) — South Korea’s National Rehabilitation Center has unveiled its fourth “Smart Care Space,” a high-tech living environment designed to assist elderly individuals and people with disabilities using advanced caregiving robots and sensor-based technologies. The latest facility, located in the Nuri Building of the National Rehabilitation Center in northern Seoul, spans 19.8 [...]
SEOUL, May 3 (Korea Bizwire) — Flushing a toilet with the lid open can send microscopic contaminants soaring nearly one meter into the air, posing potential hygiene risks in public restrooms, a new joint study by Yuhan-Kimberly and Kookmin University has revealed. The research, conducted under an industry-academic partnership, found that aerosolized particles generated by toilet [...]
SEOUL, May 3 (Korea Bizwire) — Chanel has emerged as the most frequently counterfeited brand online in South Korea over the past five years, according to new government data that highlights the growing challenge of policing illicit e-commerce activity involving luxury goods. A report submitted by Rep. Oh Se-hee of the Democratic Party, a member of [...]
INCHEON, May 2 (Korea Bizwire) — As dusk settled over Songdo’s Moonlight Festival Park, the stage lights snapped on like a thunderclap, and the crowd of 25,000 braced themselves. Then came that riff — snarling, iconic — and a voice roared out into the open night: “You are in the jungle, baby!” With that, Guns N’ [...]
SEOUL, May 2 (Korea Bizwire) — A South Korean civilian-government delegation recently wrapped up a four-nation Latin America visit to promote defense exports, the state arms procurement agency said Friday, as Seoul seeks to diversify its overseas arms sales. The delegation, comprising officials from the Defense Acquisition Program Administration (DAPA), defense and foreign ministries, and [...]
SEOUL, May 2 (Korea Bizwire) — The South Korean government on Thursday announced a sweeping plan to manage the country’s growing number of vacant homes, aiming to turn more than 134,000 unused properties into assets that support regional revitalization and public safety. Unveiled during an economic policy meeting chaired by Deputy Prime Minister and Finance [...]
SEOUL, May 2 (Korea Bizwire) —Type 2 diabetes is rapidly spreading among South Korea’s young adults, with prevalence rates nearly doubling over the past decade, according to a new study published in the Diabetes & Metabolism Journal, the official publication of the Korean Diabetes Association. The research, which analyzed data from 2010 to 2020, found [...]
SEOUL, May 2 (Korea Bizwire) — South Korea’s financial industry is accelerating efforts to tokenize traditional assets such as stocks, deposits, and loans, positioning blockchain-backed digital certificates as a cornerstone of the sector’s next phase of innovation. According to a recent report by the Korea Institute of Finance, the global transaction volume of real-world asset [...]