SEOUL, April 2 (Korea Bizwire) — South Korea’s gaming industry is ramping up its expansion into Southeast Asia, forging strategic partnerships and establishing local ventures to tap into one of the world’s fastest-growing digital entertainment markets. Leading game developers such as NCSoft and Nexon are at the forefront of this push, forming joint ventures and subsidiaries [...]
SEOUL, April 2 (Korea Bizwire) — The United States’ plan to impose25 percent tariffs on imported automobiles starting this week has ignited concerns over the long-term stability of GM Korea Co., the South Korean unit of General Motors (GM) Co., raising the possibility of its potential withdrawal from South Korea, industry observers noted Wednesday. GM’s [...]
SEOUL, April 2 (Korea Bizwire) — South Korea officially launched a support program Wednesday for foreigners with expertise in advanced technologies who wish to work in the country that includes a special visa for such foreign talent, a move aimed at enhancing the competitiveness of local advanced industries. The so-called K-Tech Pass program has been [...]
Seeks to Boost Exports Fivefold and Create Global Veterinary Drug Champions SEOUL, April 2 (Korea Bizwire) — South Korea will work to triple the size of the animal medicine market to 4 trillion won (US$2.7 billion) by 2035 as part of efforts to foster new growth engines for the economy, the agriculture ministry said Wednesday. [...]
ANDONG•YEONGYANG, South Korea, April 2 (Korea Bizwire) — As South Korea continues to assess the devastation caused by last month’s historic wildfires across five counties in North Gyeongsang Province—Uiseong, Andong, Yeongyang, Cheongsong, and Yeongdeok—stories of overlooked victims are beginning to emerge, particularly among the region’s foreign residents. According to the Ministry of Justice, more than 6,000 foreign nationals, [...]
SEOUL, April 2 (Korea Bizwire) — Charitable giving by South Korean celebrities has evolved into a defining cultural trend, with major K-pop acts and their fanbases increasingly stepping forward to address social issues and disaster relief. Experts say this growing phenomenon reflects both heightened expectations of public responsibility for entertainers and a maturing fandom that seeks [...]
SEOUL, April 2 (Korea Bizwire) — Supplements marketed as promoting hair growth and preventing hair loss—particularly those containing brewer’s yeast and biotin—have no scientific basis for their claims, according to a new investigation by South Korea’s consumer watchdog. The Korea Consumer Agency (KCA) announced on Tuesday that it reviewed 30 hair health products sold online and [...]
SEOUL, April 2 (Korea Bizwire) — South Koreans visited outpatient clinics an average of 18 times per person in 2024, excluding dental care, a figure nearly three times higher than the average among OECD member nations, according to a government report released Tuesday. The data, compiled by the Health Insurance Review and Assessment Service (HIRA), marks [...]
LAS VEGAS & SEOUL, April 1 (Korea Bizwire) – Samsung Electronics has unveiled its next-generation Onyx Cinema LED screen at CinemaCon 2025, the world’s largest film industry convention currently underway in Las Vegas. The announcement marks the latest advancement in Samsung’s push to redefine the cinematic viewing experience through projector-free LED screen technology. Originally launched in [...]
SEOUL, April 1 (Korea Bizwire) — A recent South Korean Supreme Court ruling requiring companies to include conditional regular bonuses in base wages is placing significant financial pressure on employers, particularly smaller firms, according to a new survey released Sunday by the Korea Chamber of Commerce and Industry (KCCI). The emergency survey, conducted 100 days after [...]