SEOUL, Jan. 7 (Korea Bizwire) — Despite a sluggish dining-out economy, South Korea’s food delivery market continued to grow in 2024, fueled by aggressive free delivery campaigns, particularly from Coupang Eats. According to data released by mobile analytics firm IGAWorks on January 6, the combined monthly active users (MAUs) of the country’s three major food delivery [...]
SEOUL, Jan. 6 (Korea Bizwire) — From January 3 to 6, the streets around Seoul’s Hannam-daero and St. Francesca Monastery became the stage for an extraordinary overnight protest. Braving freezing temperatures and heavy snow, citizens clad in silver emergency blankets demanded the arrest of President Yoon Suk-yeol, accused of treason. Dubbed the “Kisses Protesters” for their [...]
SEOUL, Jan. 6 (Korea Bizwire) — One South Korean head coach was crowned the champion while another was dismissed following the end of the top men’s football tournament in Southeast Asia over the weekend. Coached by Kim Sang-sik, Vietnam captured the 2024 ASEAN Mitsubishi Electric Cup title over Thailand. They prevailed 3-2 in the second [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korea has become the first Asian nation to join the European Union’s Horizon Europe, the world’s largest multilateral research and innovation (R&I) program, as an associate member. This historic move, effective from January 1, 2025, was announced on January 6 by the Ministry of Science and ICT and the [...]
SEOUL, Jan. 6 (Korea Bizwire) — While fewer South Korean game developers are experiencing “crunch” periods—intense stretches of overtime before major releases or updates—the maximum weekly working hours during these periods have risen, according to a new report by the Korea Creative Content Agency. The 2024 Game Industry Labor Environment Survey, published on January 3, revealed [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korea’s annual evaluation of mobile network quality, conducted by telecommunications authorities, relies exclusively on Samsung Galaxy smartphones, raising questions about the testing process. The latest assessment, conducted in 2024, used the Galaxy S23 Ultra, despite the S24’s release earlier that year. Apple iPhones have never been included in these [...]
SEOUL, Jan. 6 (Korea Bizwire) — A new study has found that higher income levels are strongly associated with longer, healthier lives in South Korea, with the gap in healthy life expectancy between the richest and poorest nearing nine years. The research, conducted by a team led by Professor Yoon Seok-jun of Korea University’s College [...]
SEOUL, Jan. 6 (Korea Bizwire) — Chinese businesses are making significant inroads into South Korea, diversifying their presence across retail, electric vehicles (EVs), e-commerce, and consumer electronics. This trend reflects a broader shift as Chinese companies seek to offset slowing domestic growth and navigate rising trade barriers in the U.S. and Europe. Retail Resurgence: Miniso’s [...]
SEJONG, Jan. 6 (Korea Bizwire) — South Korea’s semiconductor export landscape has undergone a significant transformation in recent years, with reliance on China decreasing and exports to countries like Taiwan, the United States, and Vietnam increasing. Experts attribute the shift to global market dynamics driven by the U.S.-China semiconductor rivalry, the surge in demand for [...]
SEOUL, Jan. 6 (Korea Bizwire) — With South Korea facing its worst domestic retail downturn since the 2008 global financial crisis, major retailers are accelerating their international expansion plans in search of new growth opportunities. On January 5, industry sources revealed that Lotte Department Store is planning to expand overseas with its next-generation shopping complex brand, [...]