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 [...]
SEOUL, Jan. 13 (Korea Bizwire) — In a move to boost consumer adoption of electric vehicles (EVs), the South Korean government has announced a revision to eco-friendly certification standards, lowering the threshold for large electric passenger cars to qualify for tax incentives. The Ministry of Trade, Industry and Energy (MOTIE) revealed on January 12, 2025, that [...]
SEOUL, Jan. 13 (Korea Bizwire) — “It’s amazing – everywhere I go in Vietnam, whether it’s children, adults, or the elderly, everyone recognizes me and greets me with such enthusiasm,” says Kim Sang-sik, who recently led Vietnam’s national soccer team to its first Southeast Asian championship in six years. Speaking with Yonhap News in Hanoi on [...]
SEOUL, Jan. 13 (Korea Bizwire) — In a significant shift from K-Beauty’s initial value-focused approach, Korean fashion companies are pursuing international expansion with an emphasis on premium positioning and distinctive design, industry sources reported on January 12. Major Korean fashion houses are increasingly looking overseas amid domestic market challenges, including economic slowdown and unusual weather patterns [...]
SEOUL, Jan. 13 (Korea Bizwire) — Chinese electric vehicle (EV) manufacturers, led by global EV sales leader BYD, are preparing to enter the South Korean market in 2025, raising questions about their potential impact on the domestic auto industry. Experts remain divided on whether Chinese brands will struggle to gain traction or disrupt the market with [...]
SEOUL, Jan. 13 (Korea Bizwire) — The global fight against spoilers has taken a new turn, with Netflix implementing extraordinary security measures for its hit series “Squid Game” Season 2, including astronomical penalty clauses and strictly limited script access for its cast members. “I didn’t know anything that happened after my character died,” said Lee Seo-hwan, [...]
SEOUL, Jan. 12 (Korea Bizwire) — Chinese electric vehicle giant BYD is set to officially enter South Korea’s passenger car market with the launch of its compact electric SUV, the Atto 3. The brand inauguration event is scheduled for January 16, 2025, signaling BYD’s aggressive push into the competitive Korean automotive landscape. Industry sources revealed that [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s decision to designate January 27 as a temporary public holiday has extended the Lunar New Year break to six consecutive days, sparking a surge in travel demand while causing concerns among small business owners in the food and beverage industry. The travel industry is witnessing a sharp increase [...]
JEJU, Jan. 12 (Korea Bizwire) — Jeju Island will commemorate the 93rd anniversary of the Jeju Haenyeo Anti-Japanese Movement, the largest women-led independence movement in Korea, with a special ceremony on January 12. The event will honor the courageous haenyeo (female divers) who, in 1932, led mass protests against Japan’s colonial exploitation and ethnic discrimination in [...]