SEOUL, Jan. 31 (Korea Bizwire) — A new report reveals that South Koreans with higher incomes are significantly more likely to engage in physical activities such as walking, aerobic exercise, and strength training, exacerbating health disparities linked to income levels. According to the 2024 National Health Statistics released by the Korea Disease Control and Prevention Agency [...]
SEOUL, Jan. 31 (Korea Bizwire) — While students, parents, and teachers broadly acknowledge the authority of teachers as professionals, a new survey reveals a significant gap between this recognition and the actual respect and autonomy afforded to educators in South Korea. According to a report by the Korea Educational Development Institute (KEDI), more than 80% of [...]
SEOUL, Jan. 31 (Korea Bizwire) — Seoul Fashion Week, marking its 25th anniversary, will kick off at Dongdaemun Design Plaza (DDP) on February 5, offering the first glimpse of upcoming fall and winter fashion trends for 2025. The Seoul Metropolitan Government announced five key highlights for this year’s event: an expanded designer lineup and presentations, the [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s K9 self-propelled howitzer, already a global bestseller, is positioned to expand its market reach even further, commanding approximately half of the world’s self-propelled artillery export market. Industry sources and international defense organizations report that while exact statistics vary due to the confidential nature of defense contracts, the K9′s [...]
SEJONG, Jan. 31 (Korea Bizwire) — South Korea’s lottery sales reached an all-time high in 2024, with revenue approaching 6 trillion won, according to data released by the Ministry of Economy and Finance and the Korea Lottery Commission. The annual sales figure of 5.96 trillion won continues a pattern of record-breaking growth that began nearly a [...]
SEOUL, Jan. 31 (Korea Bizwire) — OLED panels are steadily increasing their market share in the global display industry, potentially boosting LG Display’s performance as the company shifts its focus toward OLED technology. According to market research firm Omdia, OLED panels are projected to capture 43% of the global display market by revenue by 2031, while [...]
SEOUL, Jan. 31 (Korea Bizwire) — KOTRA, the Korea Trade-Investment Promotion Agency, has released a new report titled “The Rise of AI Markets: A New Chapter in Export Opportunities,” analyzing the rapidly growing global artificial intelligence market and highlighting export opportunities for South Korean companies. The report projects that the global AI market will grow to [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s Financial Stress Index (FSI) spiked in December 2024 to levels last seen during the Legoland crisis in September 2022, reflecting mounting economic instability amid political uncertainty. According to data submitted by the Bank of Korea (BOK) to lawmaker Lim Kwang-hyun of the National Assembly’s Strategy and Finance Committee, [...]
SEOUL, Jan. 30 (Korea Bizwire) — LG Electronics has received official certification for Google Cast on its hotel TVs, enabling guests to seamlessly stream content from online video platforms without additional logins or network configurations. Google Cast, a wireless content-sharing technology developed by Google, allows users to transmit media between devices effortlessly. LG Electronics announced on [...]
SEJONG, Jan. 30 (Korea Bizwire) — South Korea saw sharp price increases in food items last year, with fruits and vegetables making up the majority of the top 10 most inflation-affected goods, according to data from Statistics Korea. Among 458 consumer price index items, Asian pears recorded the steepest price hike, soaring 71.9% in 2024 due [...]