SEOUL, Jan. 8 (Korea Bizwire) — A South Korean court has halted the Korea Football Association’s (KFA) presidential election, initially scheduled for January 8, citing significant procedural irregularities. The Seoul Central District Court ruled on January 7 in favor of candidate Heo Jeong-moo, who had filed an injunction to stop the election, claiming the process lacked [...]
DAEJEON, Jan. 8 (Korea Bizwire) — A recent study has revealed that forest therapy significantly benefits the mental health of pregnant women and enhances their attachment to their unborn children. The Korea Forest Welfare Institute (KFWI), under the Korea Forest Service, announced on January 17 the results of its Healthy Birth, Happy Family initiative, launched [...]
SEOUL, Jan. 8 (Korea Bizwire) — The Korea Chamber of Commerce and Industry (KCCI) unveiled its 2025 Retail Industry White Paper on January 7, identifying “S.N.A.K.E”—Survival, Next, AI, K-Culture, and Economical Consumption—as the year’s key consumer market trends. Survival in a Stagnant Market With global economic challenges and stagnating consumer markets, competition for limited spending [...]
SEOUL, Jan. 8 (Korea Bizwire) — Tottenham Hotspur has exercised a one-year contract extension for Son Heung-min, keeping the South Korean star at the club until the summer of 2026. The decision, announced on January 7, comes amid mounting speculation about Son’s potential move to Barcelona and other top European clubs. Tottenham’s Official Statement The club [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea’s Defense Acquisition Program Administration (DAPA) announced on January 7 the completion of a performance enhancement project for five types of K-series armored vehicles, improving field operability and safety. The upgraded models include the K200A1 infantry carrier, K242A1 (4.2-inch mortar), K281A1 (81mm mortar), K277A1 command post vehicle, and [...]
SEOUL, Jan. 8 (Korea Bizwire) — Global investment banks are increasingly sounding alarm bells over South Korea’s unprecedented low growth trajectory amid continuing political instability, with attention turning to a potential interest rate cut in January. JP Morgan has issued the most pessimistic outlook, projecting just 1.3% growth for the country in 2025, as domestic economic [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea’s National Health Insurance (NHI) system achieved a surplus for the fourth consecutive year in 2024, with its reserve fund reaching a record 29.7 trillion won, the National Health Insurance Service (NHIS) announced on January 7. In 2024, NHI revenue totaled 99 trillion won, while expenditures amounted to [...]
SEOUL, Jan. 8 (Korea Bizwire) — A new study has revealed significant regional disparities in access to diabetic care across South Korea, with some Seoul districts having nearly six times better accessibility than rural areas, as the number of people with diabetes continues to rise amid an aging population. According to research published in the recent [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea’s department store industry showed stagnant growth of less than 1% last year, with the disparity between high-performing and struggling stores becoming increasingly pronounced. According to industry data released on January 7, the five major department store chains – Lotte, Shinsegae, Hyundai, Galleria, and AK – recorded combined sales [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korea’s stock market stumbled on January 7 after Nvidia CEO Jensen Huang revealed at CES 2025 that the company’s new GeForce RTX graphics processing unit (GPU) will use DRAM supplied by Micron Technology, sidelining Samsung Electronics and SK Hynix. The announcement cooled investor sentiment, halting the recent rally that [...]