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Religious Community and Art Hall Offer Sanctuary for Protesters in Seoul

Religious Community and Art Hall Offer Sanctuary for Protesters in Seoul

SEOUL, Jan. 7 (Korea Bizwire) —  In a remarkable act of solidarity, a Catholic monastery and a renowned art hall in Seoul provided much-needed warmth and refuge for protesters braving freezing temperatures during a sit-in demanding the arrest of President Yoon Suk-yeol earlier this week. On January 4, at the Conventual Franciscan Monastery in Hannam-dong, a [...]

Traditional Medicine Emerges as Key Export Sector Amid Global Shift Toward Preventative Healthcare

Traditional Medicine Emerges as Key Export Sector Amid Global Shift Toward Preventative Healthcare

SEOUL, Jan. 7 (Korea Bizwire) — As aging populations and chronic illnesses drive a shift in global healthcare toward prevention and cost reduction, traditional medicine is emerging as a growing export opportunity, according to a report released by the Korea International Trade Association (KITA) on January 6. The report, titled “The Era of Global Traditional [...]

E-Commerce Shakeup in South Korea as Shinsegae and Alibaba Forge Alliance

E-Commerce Shakeup in South Korea as Shinsegae and Alibaba Forge Alliance

SEOUL, Jan. 7 (Korea Bizwire) — Shinsegae Group and China’s Alibaba Group have joined forces to form a strategic e-commerce alliance, a move that has drawn close attention from Coupang, South Korea’s market leader in online retail. The partnership, announced on January 6, could significantly alter the competitive dynamics of the e-commerce sector. Coupang’s senior [...]

Construction Industry Faces Crisis as Major Mid-Sized Builder Shindongah Construction Files for Bankruptcy Protection

Construction Industry Faces Crisis as Major Mid-Sized Builder Shindongah Construction Files for Bankruptcy Protection

SEOUL, Jan. 7 (Korea Bizwire) — The construction sector in South Korea is on edge after Shindongah Construction, a mid-sized builder known for its “Famille” housing brand, filed for court-led rehabilitation on January 6. The company, ranked 58th in construction capability evaluations, is the largest in its tier to take this step amid a worsening [...]

Xiaomi Bolsters South Korean Presence, Testing Premium Smartphone Market

Xiaomi Bolsters South Korean Presence, Testing Premium Smartphone Market

SEOUL, Jan. 7 (Korea Bizwire) — Xiaomi, the Chinese technology giant, is strengthening its presence in South Korea, with industry observers predicting the company could attract consumers seeking alternatives to high-priced smartphones. According to industry sources on January 6, Xiaomi has completed the establishment of its South Korean subsidiary. The company plans to unveil new smartphone [...]

SK Chairman Warns of “Three Global Storms,” Calls for Strategic Investments in AI and Trade Resilience

SK Chairman Warns of “Three Global Storms,” Calls for Strategic Investments in AI and Trade Resilience

SEOUL, Jan. 7 (Korea Bizwire) — Chey Tae-won, Chairman of the Korea Chamber of Commerce and Industry and SK Group, highlighted the pressing challenges of global economic shifts during the “2025 Seoul New Year’s Meeting” on January 6. Speaking at the Seoul Chamber of Commerce in Jung-gu, he identified three major disruptions—U.S.-led tariff hikes, inflationary [...]

Korean Study Shows How Carbohydrate Sources Impact Dog Food Digestibility and Nutrition

Korean Study Shows How Carbohydrate Sources Impact Dog Food Digestibility and Nutrition

JEONJU, Jan. 7 (Korea Bizwire) — The Rural Development Administration (RDA) of South Korea announced on January 6 that new research has revealed varying absorption rates of carbohydrates in dog food depending on ingredients such as corn, rice, brown rice, and barley. RDA researchers analyzed digestibility by feeding dogs experimental food formulated with carbohydrate content similar [...]

South Korean County Pioneers Offshore Wind Power Investment Fund for Residents

South Korean County Pioneers Offshore Wind Power Investment Fund for Residents

SINAN, Jan. 7 (Korea Bizwire) — A county in South Korea’s South Jeolla Province is breaking new ground with the nation’s first offshore wind power fund designed specifically for local residents.  Sinan County announced on January 6 that it had signed a memorandum of understanding with Sinan Ui Offshore Wind and Root Energy to establish a [...]

Samsung and LG Showcase AI-Powered TVs at CES 2025, Elevating Personalized Viewing Experiences

Samsung and LG Showcase AI-Powered TVs at CES 2025, Elevating Personalized Viewing Experiences

SEOUL, Jan. 7 (Korea Bizwire) — Samsung Electronics and LG Electronics unveiled their latest innovations in AI-driven television technology at CES 2025, the world’s largest consumer electronics and IT exhibition, held from January 7 to 10 in Las Vegas. Building on last year’s debut of transparent micro LED and wireless OLED TVs, both companies have shifted [...]