SEOUL, Dec. 31 (Korea Bizwire) — A new government survey has revealed that short-form content has emerged as the most popular type of mobile viewing among South Korean consumers, as smartphone usage continues to rise while traditional TV viewing declines. The Korea Communications Commission and the Korea Association for ICT Promotion released their “2024 Broadcasting Media [...]
DAEJEON, Dec. 31 (Korea Bizwire) —The Korea Railroad Corporation (Korail) announced on Friday that its real-time train location service was ranked the top offering of 2024 in a public poll. The service allows passengers to track the current location and estimated arrival time of all trains on a dedicated map in real time. The poll, [...]
SEOUL, Dec. 31 (Korea Bizwire) — Telemedicine consultations in South Korea reached a cumulative 11 million cases in 2024, reflecting a growing reliance on remote healthcare services for non-urgent conditions, according to the Remote Medical Industry Council (RMIC), a consortium of telemedicine platform companies. The RMIC reported that remote consultations were most commonly used for mild [...]
JEJU ISLAND, South Korea, Dec. 30 (Korea Bizwire) — A small elementary school in Jeju has demonstrated the power of grassroots environmental initiatives, saving 702 paper towels in just five days through a student-led project. The effort, part of a broader ecological education program, highlights how small changes can make a significant impact. From December 17 [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s newspaper industry has seen a decline in average revenue per outlet and per employee, highlighting challenges in a rapidly shifting media environment, according to the 2024 Newspaper Industry Survey released by the Korea Press Foundation on December 30. As of the end of 2023, the average revenue per [...]
SEJONG, Dec. 30 (Korea Bizwire) — South Korea’s economy has entered uncharted waters as Deputy Prime Minister Choi Sang-mok assumes the role of acting president following the impeachment of Prime Minister Han Duck-soo, who had been serving as acting president. The markets, which had barely weathered the shock of the December 3 martial law declaration by [...]
SEOUL, Dec. 30 (Korea Bizwire) — As the won-dollar exchange rate soars to nearly 1,500 won, small and medium-sized enterprises (SMEs) in South Korea are grappling with mounting challenges, including volatile currency markets and the looming enforcement of stricter labor regulations. The steep rise in the exchange rate—up from the 1,300-won range earlier this year—has [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korean stock markets have shed more than 250 trillion won in market capitalization this year, standing in stark contrast to the record-setting rallies seen in other major global markets. According to the Korea Exchange, as of December 27, the main KOSPI market’s capitalization stood at 1,966.96 trillion won, while [...]
SEOUL, Dec. 30 (Korea Bizwire) — Samsung Group, South Korea’s largest conglomerate, has seen its market capitalization plummet by over 160 trillion won this year, marking a significant contraction in its dominance on the domestic stock market. As of December 26, the total market value of Samsung’s 22 listed companies, including Samsung Electronics, Samsung Biologics, [...]
SEOUL, Dec. 30 (Korea Bizwire) — As South Korea’s aging population continues to grow, the incidence of cardiovascular diseases such as heart attacks and strokes has risen significantly. According to data released by the Korea Disease Control and Prevention Agency (KDCA) on Sunday, these conditions claim the lives of a significant portion of patients within [...]