SEOUL, Jan. 3 (Korea Bizwire) — The release of Squid Game 2 on Netflix has ignited global fascination with traditional Korean games, particularly the childhood pastime of “Gonggi,” a variation of jacks. Since its debut on December 26, 2024, the series has captivated audiences worldwide, logging nearly 500 million viewing hours in its first week [...]
SEOUL, Jan. 3 (Korea Bizwire) — A credit rating agency has warned that South Korea could face downward pressure on its sovereign credit rating toward the end of the year due to the government’s decision to expand treasury bond issuance. While global credit rating agencies have indicated that political uncertainties, including martial law and impeachment proceedings, [...]
SEOUL, Jan. 3 (Korea Bizwire) — A South Korean research team has developed a groundbreaking amorphous semimetal material with properties distinct from traditional metals, paving the way for advancements in next-generation semiconductor technology. Researchers at Ajou University, led by Professor Oil Kwon of the Department of Intelligent Semiconductor Engineering and Electronics Engineering, announced on January 3 [...]
SEOUL, Jan. 3 (Korea Bizwire) — In a breakthrough for sustainable recycling, researchers led by Professor Kyung-Jin Kim of Kyungpook National University, in collaboration with CJ CheilJedang, have developed the world’s most efficient biocatalyst for breaking down polyethylene terephthalate (PET) plastics. The Ministry of Science and ICT announced the achievement on January 2, highlighting its potential [...]
SEOUL, Jan. 2 (Korea Bizwire) — The Ministry of Food and Drug Safety (MFDS) announced significant reforms to streamline drug approval processes in 2025, including reducing the time required for registering imported active pharmaceutical ingredients (APIs) and simplifying compliance procedures for low-risk manufacturers. A dedicated task force will now handle new drug approvals, increasing company consultations [...]
SEOUL, Jan. 2 (Korea Bizwire) — Samsung SDS has been named the country’s top managed cloud service provider (MSP), securing a 23.9% market share, according to a report by global IT research firm IDC released on January 2. The report highlights Samsung SDS’s dominance in efficiently managing enterprise cloud services, including infrastructure, security, and monitoring. Samsung [...]
BUSAN, Jan. 2 (Korea Bizwire) — Veterinary healthcare workers in Busan are raising alarms about radiation exposure during routine animal CT scans, highlighting growing occupational safety concerns in the city’s burgeoning pet care industry. “Unlike human patients, animals need to be physically restrained during CT scans, which means our hands are routinely exposed to radiation,” a [...]
SEOUL, Jan. 2 (Korea Bizwire) – South Korea’s Ministry of Environment announced on January 1 a series of policy changes for 2025, including enhanced subsidies for young buyers of electric vehicles (EVs) and expanded environmental initiatives. Young individuals aged 19 to 34 purchasing their first EV will now receive a 20% additional subsidy on top [...]
OXFORD, Jan. 2 (Korea Bizwire) — In 2006, renowned British demographer David Coleman, now 78 and an emeritus professor at Oxford University, made a stark prediction at a UN population forum: South Korea could become the first nation to face population extinction. Meeting at his Oxford home on December 28, Coleman reflected on his earlier warning, [...]
SEOUL, Jan. 2 (Korea Bizwire) — With domestic consumption remaining sluggish, South Korean food companies are setting their sights overseas for growth in 2025, capitalizing on the surging global demand for Korean food products through new production facilities and market expansion strategies. CJ CheilJedang, a leading Korean food manufacturer, has unveiled plans to strengthen its presence [...]