SEOUL, April 30 (Korea Bizwire) — In another potential sign of easing its tacit ban on the South Korean entertainment industry, Chinese authorities have apparently approved a large-scale K-pop concert set to take place in the country this fall, the first of its kind in years. The Korea Entertainment Producers’ Association said Wednesday that its [...]
SEOUL, April 30 (Korea Bizwire) — South Korea’s major battery makers are increasingly reliant on U.S. subsidies under the Inflation Reduction Act (IRA) as a prolonged slump in electric vehicle (EV) demand—known as the “EV chasm”—drags on, clouding earnings prospects and investment strategies. Now, growing political uncertainty in Washington is further complicating the industry’s outlook. Companies like [...]
SEOUL, April 30 (Korea Bizwire) — Actor Kim Soo-hyun has filed an additional stalking lawsuit against a YouTuber, who accused him of having an inappropriate relationship with late actress Kim Sae-ron when she was still a minor, the actor’s legal representative said Wednesday. LKB & Partners said the latest lawsuit aims to compel Kim Se-ui, [...]
SEOUL, April 30 (Korea Bizwire) — Samsung Electronics is weighing production shifts and bolstering its risk management strategies in response to rising tariff uncertainties stemming from former President Donald Trump’s proposed global trade policies, company executives said during a quarterly earnings call Tuesday. Park Soon-chul, Samsung’s Chief Financial Officer, said the company is closely monitoring international [...]
South Korean High School Freshmen Average 172.9 cm in Height as Student Obesity Declines for Third Year SEOUL, April 30 (Korea Bizwire) — At a glance, the data reads like good news: South Korea’s teens are growing taller, and for the third year in a row, fewer of them are obese. But behind the steady gains [...]
As non-regular workers fall further behind in wages, benefits, and protections, a growing segment of the workforce risks being left out of the country’s economic future. SEOUL, April 30 (Korea Bizwire) — In South Korea’s rapidly changing labor market, a widening wage chasm is sending a sobering message: for non-regular workers, the dream of financial parity [...]
SEOUL, April 30, (Korea Bizwire) — For many at-risk youths in South Korea, each day brings a quiet battle — against despair, isolation, and a gnawing sense that survival itself can feel uncertain. A new government survey released Tuesday paints a sobering portrait: one in three vulnerable youths said they had spent at least two weeks [...]
SEOUL, April 30, (Korea Bizwire) — When a fire breaks out, every second can mean the difference between life and death. In South Korea, officials have zeroed in on a critical benchmark: reaching the scene within seven minutes of the emergency call. Beyond that window, authorities say, conditions become catastrophic. Within eight minutes, a typical [...]
As employment anxiety rises, the next wave of graduates is scaling back hopes — and seeking stability over ambition. SEOUL, April 30 (Korea Bizwire) — New university graduates in South Korea are hoping to earn an average starting salary of 41.4 million won (approximately $28,500) this year, according to a new survey — a marginal [...]
SEOUL, April 30 (Korea Bizwire) — South Korea is turning its literary achievements into a global cultural export with the release of a new promotional video titled “K-Literature: Ushering in a Renaissance,” unveiled Monday by Seo Kyoung-duk, a renowned public diplomacy expert and professor at Sungshin Women’s University. Produced in partnership with KB Financial Group, the [...]