SEOUL, March 26 (Korea Bizwire) — Chanel Korea reported record annual revenue of 1.84 trillion won (approximately $1.3 billion) in 2024, marking an 8% increase from the previous year, according to the company’s audited financial statement released on Tuesday. Despite the robust sales growth, the company’s operating profit slipped 1% to 269.5 billion won, while net [...]
SEOUL, March 25 (Korea Bizwire) — European companies operating in South Korea are increasingly dissatisfied with their business performance and the country’s regulatory environment, according to a new survey released Monday. The 2024/25 Korea Business Confidence Survey, conducted by the European Chamber of Commerce in Korea (ECCK), the Korean-German Chamber of Commerce and Industry (KGCCI), [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s elderly poverty rate remains the highest among OECD nations, according to the “Korea SDG Implementation Report 2025″ released by Statistics Korea on March 24. The comprehensive report, which analyzes Korea’s progress on 17 sustainable development goals through comparisons with other OECD countries, reveals both improvements and persistent [...]
SEOUL, March 25 (Korea Bizwire) — Nexon is preparing to make a bold push into Western markets with First Berserker: Khazan, a hardcore action RPG for PC and consoles developed by its subsidiary Neople. The game, slated for release on March 28, is a key pillar in Nexon’s strategy to extend the beloved Dungeon & [...]
DAEJEON, March 25 (Korea Bizwire) – The Intellectual Property Trial and Appeal Board (IPTAB) of the Korean Intellectual Property Office announced on March 23 that it will actively implement its Trial-Mediation Link System starting this year, offering a new pathway for resolving patent disputes. Under the new system, presiding judges can refer trial cases to [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s Fair Trade Commission (FTC) has issued a warning to Costco Korea for violating e-commerce laws by requiring customers to visit physical stores to cancel certain membership types while allowing online sign-ups. The regulatory action, announced on March 24, specifically targeted Costco’s policy regarding its Executive memberships, which [...]
SEOUL, March 25 (Korea Bizwire) — The South Korean Ministry of Land, Infrastructure and Transport revealed on March 24 that Hanwha Corporation recorded the highest number of construction defects for apartment and officetel buildings over the past six months. According to the ministry’s quarterly disclosure of construction defect data, Hanwha received 97 defect determinations for [...]
SEOUL, March 25 (Korea Bizwire) — The Seoul Metropolitan Government announced on March 24 plans to develop sophisticated three-dimensional maps of traditional markets, addressing the long-standing challenge of locating specific vendors in these sprawling commercial spaces that lack the precise addressing systems found in modern buildings. The initiative, set to be completed by the end of this [...]
SEOUL, March 25 (Korea Bizwire) — South Korea will send a vice minister-led government delegation to China this week to attend a memorial ceremony honoring independence activist Ahn Jung-geun (1879-1910), the veterans ministry said Tuesday. The delegation, led by Vice Veterans Minister Lee Hee-wan, will attend the ceremony marking the 115th death anniversary of the [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s leading music streaming platform, Melon, revealed that singer-songwriter IU is the most beloved domestic artist of the past two decades, while Paul Kim’s ballad “Every Day, Every Moment” ranks as the most frequently added song to playlists. The data, released Monday, is based on an analysis of [...]