SEOUL, Jan. 14 (Korea Bizwire) — Audi Korea has announced its most ambitious product launch schedule since entering the Korean market in 2004, with plans to introduce 16 new models this year alongside an expansion of its sales and service network to better meet customer needs. The announcement came during the company’s New Year media roundtable [...]
SEOUL, Jan. 14 (Korea Bizwire) — Taiwan Semiconductor Manufacturing Company (TSMC) has officially commenced mass production of advanced 4-nanometer (nm) chips at its Arizona facility, marking a significant milestone in the United States’ push for semiconductor self-sufficiency and technological leadership. U.S. Commerce Secretary Gina Raimondo announced on January 11, 2025, that for the first time in [...]
SEOUL, Jan. 13 (Korea Bizwire) — The South Korean won experienced a sharp decline last month, mirroring the drop in Russia’s ruble amid ongoing conflict, according to recent data. This currency depreciation, driven by the December 3 martial law incident, has heightened concerns over inflation in a country heavily reliant on imports. As the high exchange [...]
LAS VEGAS/SEOUL, Jan. 13 (Korea Bizwire) — South Korean startups captivated global audiences at CES 2025, unveiling groundbreaking technologies that earned them top honors in innovation. Notably, fintech startup Ghostpass secured the Best Innovation Award in the fintech category for its pioneering on-device biometric authentication security solution. Ghostpass’s technology allows users to store biometric data directly [...]
SEOUL, Jan. 13 (Korea Bizwire) — The debt burden among South Korea’s self-employed in their 50s and 60s has surged to unprecedented levels, raising concerns over financial stability amid sluggish domestic demand and persistently high interest rates. According to data submitted by the Financial Supervisory Service (FSS) to Democratic Party lawmaker Lee Kang-il, as of November [...]
SEJONG, Jan. 13 (Korea Bizwire) — South Korea’s export landscape with China has undergone a significant transformation over the past decade, with traditional intermediate goods exports such as displays, computers, auto parts, steel sheets, and petroleum products sharply declining. Conversely, South Korea’s imports of Chinese intermediate goods, particularly battery materials, batteries, and auto parts, have [...]
LAS VEGAS, Jan. 13 (Korea Bizwire) — South Korea’s K-beauty industry showcased cutting-edge innovations at CES 2025, held January 7-10, reinforcing its commitment to integrating advanced technologies like artificial intelligence (AI) into the beauty sector. Industry experts predict that this trend will drive even greater participation from beauty companies at future tech exhibitions. Amorepacific Group [...]
SEOUL, Jan. 13 (Korea Bizwire) — Webtoons and web novels have become a rich source of content for Korean television, with major digital publishers now taking an active role in producing adaptations of their most successful properties, industry sources reported on January 12. The success of adaptations like “Business Proposal” and “Reborn Rich” in 2022, followed [...]
SEOUL, Jan. 13 (Korea Bizwire) — In a maturing streaming market, success increasingly depends not just on compelling content but on strategic partnerships between diverse media players. Netflix’s recent strategic alliance with SBS to offer the broadcaster’s programs to Korean subscribers and Disney+’s unprecedented decision to premiere its hit series “Moving” on MBC television exemplify this [...]
SEOUL, Jan. 13 (Korea Bizwire) — Chinese electric vehicle (EV) manufacturers, led by BYD, are intensifying efforts to enter the South Korean market in 2025, raising questions about their strategic motivations. Analysts suggest this move addresses China’s domestic overproduction while positioning South Korea as a testing ground for expansion into advanced markets. Industry insiders speculate [...]