SEOUL, April 10 (Korea Bizwire) — Most Seoul residents now view 70 as the threshold of old age, and nearly 9 in 10 support extending the retirement age, according to the latest annual “Seoul Survey” released by the city government on Wednesday. The 2024 edition of the wide-ranging study, which polled 5,000 citizens, found that [...]
SEOUL, April 9 (Korea Bizwire) — Samsung Electronics announced a major update to its SmartThings smart home platform on Tuesday, introducing a suite of AI-powered features aimed at delivering a more personalized and intuitive home experience. Among the most notable additions is an integration with Samsung Health that uses sleep data collected from Galaxy Watch and [...]
JEJU, South Korea, April 9 (Korea Bizwire) — Jeju Special Self-Governing Province has become the first region in South Korea to commercialize products made from repurposed electric vehicle (EV) batteries, marking a significant step toward a circular energy economy. In partnership with the Ministry of Environment and Jeju Technopark (Jeju TP), the province officially launched a [...]
SEOUL, April 9 (Korea Bizwire) — For the first time in its history, SK Hynix has overtaken Samsung Electronics to claim the top spot in the global DRAM market, driven by surging demand for high-bandwidth memory (HBM) used in AI servers. According to data released Tuesday by Counterpoint Research, SK Hynix captured a 36% share of [...]
SEOUL, April 9 (Korea Bizwire) — In a landmark transformation fusing history, architecture, and high fashion, Shinsegae Department Store has unveiled The Heritage, a luxury boutique complex housed in the meticulously restored former head office of Korea’s First Bank in central Seoul’s Myeong-dong district. The neoclassical building, originally constructed in 1935 and designated as Seoul City [...]
SEOUL, April 9 (Korea Bizwire) — Global demand for electric vehicle (EV) batteries rose sharply in the first two months of 2025, driven largely by the continued expansion of China’s battery giants, even as the broader EV market faces a temporary slowdown, often referred to as the “EV chasm.” South Korea’s major battery manufacturers, however, [...]
CHANGWON, South Korea, April 9 (Korea Bizwire) — In a bid to tackle the growing problem of marine debris, South Gyeongsang Province announced on Tuesday its plan to develop a comprehensive “Marine Waste Distribution Map” aimed at improving waste management along the coastline. The provincial government has been relying on research conducted between 2019 and [...]
GWANGJU, South Korea, April 9 (Korea Bizwire) — A South Korean court has ruled that the provincial government of South Jeolla must share liability for the mass death of eels at aquaculture farms near a road construction site, marking a rare legal precedent in environmental damage cases tied to public infrastructure projects. The Gwangju District Court’s [...]
SEOUL, April 9 (Korea Bizwire) — After a challenging year dominated by Chinese titles, South Korea’s game industry is showing signs of renewed momentum as a string of high-performing new releases finds success across both mobile and PC/console platforms. According to data from Mobile Index, Netmarble’s RF Online Next, a massively multiplayer online role-playing game [...]
SEOUL, April 9 (Korea Bizwire) — The National Pension Service (NPS), South Korea’s largest institutional investor, recorded a notable increase of more than ₩8 trillion in the market value of its domestic stock holdings during the first quarter of 2025, buoyed by surging defense and shipbuilding stocks. According to financial data provider FnGuide, as of [...]