SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s economic growth could stagnate at around 1% if political instability continues, warns a report by the Hyundai Research Institute. Released on Sunday, the report highlights both domestic and international risks weighing on Asia’s fourth-largest economy, which is already grappling with weakening market confidence. Political and Economic Pressures Domestically, [...]
SEOUL, Jan. 20 (Korea Bizwire) — In a move to penetrate South Korea’s tightly controlled smartphone market, Xiaomi is looking to establish its first physical store in Seoul, potentially disrupting the long-standing dominance of Samsung and Apple. The Chinese tech giant, which recently established a Korean subsidiary, launched its first product, the Xiaomi 14T, on January [...]
SEJONG, Jan. 20 (Korea Bizwire) — With Donald Trump’s inauguration as U.S. president on January 20, 2025, South Korea’s competition policy faces heightened uncertainty due to his administration’s protectionist agenda and potential pushback against regulatory moves targeting Big Tech firms. U.S. Resistance to South Korean Platform Regulation South Korea’s proposed legislative reforms aimed at curbing [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s universities face mounting financial challenges as the number of incoming students declines and dropout rates rise. Many institutions, particularly private universities in Seoul, are debating strategies to address the crisis, including tuition hikes and increased reliance on government funding. According to data released on Sunday by the [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s top three shipbuilders are expected to report collective annual profits for 2024, marking the first time in 13 years that the trio—HD Korea Shipbuilding & Offshore Engineering, Hanwha Ocean, and Samsung Heavy Industries—have all turned a profit. The achievement comes amid a “super cycle” in the global shipbuilding [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s credit default swap (CDS) premium, a key indicator of national credit risk, has started to decline after spiking due to political turbulence. The downturn signals a slight recovery in investor confidence following heightened concerns over political uncertainty. On January 17, the five-year CDS premium for South Korea [...]
SEOUL, Jan. 20 (Korea Bizwire) — Samsung Electronics has announced a strategic partnership with Nexon Korea and its subsidiary Neople to develop cutting-edge 3D gaming technology that doesn’t require special glasses, the company said on January 19. The collaboration centers on optimizing Nexon’s upcoming game “First Berserker: Khazan” for Samsung’s Odyssey 3D gaming monitor. The partnership [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korea’s Defense Acquisition Program Administration (DAPA) is planning to develop a land-based version of its advanced Close-In Weapons System (CIWS-II), transforming a naval defense technology into a crucial last line of defense against North Korean artillery and drones. The system, which can fire thousands of rounds per minute to [...]
SEOUL, Jan. 20 (Korea Bizwire) — South Korean tech giants Samsung and LG are intensifying their push into artificial intelligence, developing proprietary AI models to boost productivity and streamline operations across their businesses. LG AI Research unveiled its latest AI model, EXAONE 3.5, in December and launched ChatEXAONE, an enterprise AI assistant available to employees within [...]
SEOUL, Jan. 20 (Korea Bizwire) — LG Electronics is set to release its latest massage chair, the LG Healing Me Objet Collection ArteUP, on January 24, incorporating advanced artificial intelligence (AI) features and subscription options. The chair is designed to combine high-tech functionality with furniture aesthetics. The ArteUP features a lounge chair design and utilizes six-directional [...]