SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s economy is grappling with deeper-than-expected shocks stemming from President’s declaration of martial law on December 3, 2024, according to a new analysis from the Bank of Korea (BOK). The political instability has forced the central bank to reconsider its economic growth projections for both 2024 and 2025, raising the [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s home shopping industry is rapidly evolving its delivery services and diversifying business models to align with changing consumer trends, aiming to boost competitiveness and profitability through personalized services. Expanded Delivery Services Leading home shopping companies are enhancing their delivery systems through strategic partnerships with logistics firms. On January [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s labor market in 2024 showed strong overall employment figures, but significant challenges persist for youth employment and gender-based labor disparities, according to the Ministry of Employment and Labor. At a briefing on January 16, 2025, the Ministry reviewed detailed employment trends from the Statistics Korea report on [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea is set to allow companies to establish in-house graduate schools that can confer official master’s and doctoral degrees, marking a significant shift in corporate education and workforce development. The Ministry of Trade, Industry and Energy announced on January 16, 2025, that the enforcement decree for the “Special [...]
SEOUL, Jan. 17 (Korea Bizwire) — After years of robust growth during the Covid-19 pandemic, the K-pop industry has shown signs of cooling, with physical album sales declining and export revenues stagnating in the past year. Industry experts are looking to BTS and Blackpink’s planned comebacks to reinvigorate the market in 2025, while closely watching major [...]
SEOUL, Jan. 17 (Korea Bizwire) — A groundbreaking study from Samsung Medical Center has revealed that cancer patients who maintain or begin regular exercise after diagnosis can reduce their risk of cardiac events like heart attacks by 20%, offering new hope for managing cardiovascular complications associated with cancer treatment. The research, led by Shin Dongwook of [...]
DAEJEON, Jan. 17 (Korea Bizwire) — A team of researchers at the Korea Advanced Institute of Science and Technology (KAIST) has developed an innovative camera system that achieves both high-speed imaging and exceptional sensitivity by mimicking the compound eyes of insects, the university announced on January 16. Led by Jeong Ki-hun from the Department of Bio [...]
JEONJU, Jan. 17 (Korea Bizwire) — A team of South Korean researchers have made a groundbreaking discovery about how onions produce their distinctive pungent compound, isoallicin, revealing it to be part of the vegetable’s natural defense system, the Rural Development Administration (RDA) announced on January 16. The study marks the first time scientists have identified the [...]
SEOUL, Jan. 17 (Korea Bizwire) — Shinhan Card, a major South Korean credit card company, unveiled ‘REVIVE’ as its consumer trend keyword for 2025 on January 16, based on an analysis of customer spending and social media data. The REVIVE framework encompasses six key trends: Redefine Festivities, Exploring Identity, Virtual Companions, Integrated Contents Commerce, Value of [...]
SEOUL, Jan. 17 (Korea Bizwire) — LG Electronics has launched its latest Lifezip pop-up store, “Romantic Cabin.zip,” at the Gonjiam Resort ski area in Gwangju, Gyeonggi Province, the company announced on Thursday. This initiative is part of LG’s growing home lifestyle community, Lifezip, which aims to enrich customers’ lives by sharing diverse home-based activities. Lifezip, branded [...]