SEOUL, Dec. 25 (Korea Bizwire) — Amid a surge in protests following the impeachment motion against President Yoon Suk Yeol, calls for eco-friendly demonstration practices are gaining momentum in South Korea. Environmental activists and concerned citizens are urging organizers to minimize ecological harm during public rallies. The turning point came on December 14, when protesters released [...]
SEOUL, Dec. 25 (Korea Bizwire) – South Korea’s main business lobby said Wednesday it has sent letters calling for support for the Korean economy from its 33 global counterparts amid the political turmoil following President Yoon Suk Yeol’s botched martial law declaration this month. The Federation of Korean Industries (FKI) said it sent the letters [...]
SEOUL, Dec. 25 (Korea Bizwire) — LG Electronics plans to introduce two new concepts for its plant cultivation appliance, “LG Tiiun,” at CES 2025, the world’s largest consumer electronics and IT exhibition. The new designs integrate interior aesthetics with functionality, expanding LG’s foray into plant lifestyle technology. The new LG Tiiun concepts feature a stand light [...]
SEOUL, Dec. 25 (Korea Bizwire) — South Korea’s cryptocurrency market has experienced a significant surge in investors, coinciding with the U.S. presidential election and growing optimism around President-elect Donald Trump’s pro-crypto policies. According to data submitted by the Bank of Korea to lawmaker Lim Kwang-hyun of the National Assembly’s Strategy and Finance Committee, the number of [...]
SEOUL, Dec. 25 (Korea Bizwire) — In a landmark decision, South Korea’s Supreme Court has ruled that online sexual insults do not qualify as a sexual offense under the country’s criminal code unless there is clear intent to satisfy “sexual desire.” On November 28, the Supreme Court’s first division, led by Justice Seo Kyung-hwan, overturned a [...]
SEOUL, Dec. 25 (Korea Bizwire) — The South Korean government has introduced measures to limit the use of treasury shares by listed companies during corporate spin-offs, aiming to prevent misuse that could unfairly enhance major shareholders’ control. The Financial Services Commission (FSC) announced on December 24 that amendments to the Capital Markets Act Enforcement Decree, approved [...]
SEOUL, Dec. 25 (Korea Bizwire) — Samsung Electronics announced plans to unveil its home heat pump system, “EHS” (Eco Heating System), at CES 2025 in Las Vegas, signaling a strategic entry into the U.S. HVAC market. The product, already available in over 40 European countries, is set to launch in the U.S. next year. Designed for [...]
SEOUL, Dec. 25 (Korea Bizwire) — Taiwan’s stock market has emerged as the top performer among Asia-Pacific’s major indices in 2024, while South Korea’s benchmark Kospi index lags near the bottom, weighed down by domestic and global challenges. According to CNBC, Taiwan’s Taiex index surged 28.85% this year through December 23, leading gains among 11 key [...]
SEOUL, Dec. 25 (Korea Bizwire) — South Korea has officially entered the ranks of a “super-aged society,” with one in five residents now aged 65 or older, sparking renewed debate over raising the official age threshold for seniors. The issue is tied to pressing concerns such as pension reform, retirement age extension, and the economic strain [...]
SEOUL, Dec. 24 (Korea Bizwire) — The South Korean government announced a comprehensive support package for the construction industry on December 23, responding to mounting challenges including soaring construction costs, a tightening project financing (PF) market, and increasing unsold housing inventory. The measures come as the construction sector faces significant headwinds, with construction investment showing a [...]