SEOUL, Dec. 16 (Korea Bizwire) – Following the impeachment of President Yoon Suk-yeol on December 14, the streets around Seoul’s National Assembly Station were crowded with citizens clutching special edition newspapers. These publications, known as “hoewae” in Korean, are rare, emergency editions issued to mark significant events. Headlines such as “Citizens Win,” “President Yoon Impeached,” and [...]
SEOUL, Dec. 16 (Korea Bizwire) – A flood of satirical memes has swept across South Korean social media in the days between President Yoon Suk Yeol’s declaration of martial law on December 3 and his impeachment by the National Assembly on December 14. Following the impeachment vote, online communities circulated a photoshopped image of North Korean leader [...]
SEOUL, Dec. 16 (Korea Bizwire) – A domestic AI model has demonstrated remarkable proficiency in South Korea’s notoriously challenging College Scholastic Ability Test (CSAT), achieving a near-perfect score in the Korean language section. According to the ICT industry on December 16, startup MarkerAI tested OpenAI’s models on the 2025 CSAT, with its “o1-Preview” model earning a [...]
SEOUL, Dec. 16 (Korea Bizwire) – South Korea’s Ministry of Unification announced on December 16 a shift in its approach to anti-North Korea leaflet campaigns, emphasizing the need to prioritize national security and the safety of its citizens. The ministry requested that private organizations exercise restraint in distributing propaganda leaflets, signaling a departure from its previous [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea’s major corporations, including Samsung, SK, Hyundai, and LG, are closely monitoring the political and economic fallout following the impeachment of President Yoon Suk-yeol. As the nation grapples with heightened uncertainty, compounded by the anticipated inauguration of Donald Trump’s second U.S. presidency, businesses are taking cautious steps to [...]
SEOUL, Dec. 16 (Korea Bizwire) – South Korea’s share of global shipbuilding orders in 2024 is expected to hit its lowest point since 2016, highlighting growing concerns over its competitiveness in the face of China’s dominance. Despite strong profits from high-value ship orders, experts warn that maintaining a basic level of order volume is essential to [...]
SEOUL, Dec. 16 (Korea Bizwire) – President Yoon Suk Yeol’s ambitious industrial agenda, including a focus on nuclear energy, offshore gas development, and semiconductor industry support, faces potential setbacks following his impeachment by the National Assembly on December 14. Industry experts warn that any weakening of government semiconductor support could cause South Korea to miss a crucial [...]
SEOUL, Dec. 16 (Korea Bizwire) – A modest wall outside South Korea’s National Assembly has become a surprising symbol of political resistance and public solidarity following the impeachment of President Yoon Suk-yeol on December 14. The wall gained attention after being climbed by National Assembly Speaker Woo Won-shik during the “December 3 Martial Law Incident,” [...]
SEOUL, Dec. 16 (Korea Bizwire) – One in five newlywed couples in South Korea earned more than 100 million won annually last year, with the proportion reaching over 30% in Seoul, according to new government data. Statistics Korea’s “2023 Newlywed Couples Statistics” released on December 15 showed that the total number of newlywed couples, including remarriages, decreased [...]
GOYANG, Dec. 16 (Korea Bizwire) – The Grand Department Store in Ilsan, Gyeonggi Province, will permanently close its doors at the end of February, marking the final chapter for a retail chain that once maintained a significant presence in South Korea’s upscale shopping districts, including Seoul’s Gangnam area. According to industry sources on December 15, the [...]