SEOUL, Dec. 11 (Korea Bizwire) – LG Electronics has introduced six new products in its “LG Comfort Kit” lineup, enhancing accessibility for individuals with disabilities and senior citizens. The Comfort Kit, first launched in March this year, is a pioneering effort in the appliance industry, designed to make home appliances more user-friendly for people of [...]
SEOUL, Dec. 11 (Korea Bizwire) – A major South Korean advertising agency has identified seven emerging consumer trends that it says will shape markets in 2025, highlighting shifts in everything from luxury consumption to climate-responsive behaviors. Daehong Communications, in its “2025 D.Life Signal Report” released on December 10, outlined several key “signals of change” that it [...]
SEOUL, Dec. 11 (Korea Bizwire) – South Korea’s electric vehicle expansion has driven a sharp increase in demand for talent in the secondary battery sector, with job openings more than doubling over the past seven years, according to a government report. The Ministry of Science and ICT revealed that job postings for secondary battery-related roles rose [...]
SEOUL, Dec. 10 (Korea Bizwire) – South Korea’s Artificial Intelligence (AI) Framework Act, once slated for approval by the end of the year, has been derailed due to escalating political tensions following the botched martial law incident and the collapse of an impeachment motion against President Yoon Suk-yeol. The delay has heightened uncertainty for the country’s [...]
SEJONG, Dec. 10 (Korea Bizwire) – The National Tax Service (NTS) of South Korea has implemented an AI-powered cybersecurity monitoring system to safeguard tax data against a surge in hacking attempts. Officially launched in December following a successful trial in October, the system significantly enhances the speed and efficiency of threat detection and response. The AI [...]
SEOUL, Dec. 10 (Korea Bizwire) – South Korean electronics manufacturers are closely monitoring potential trade policy shifts as President-elect Donald Trump continues to emphasize the importance of high tariffs on Korean-made washing machines. Industry observers are particularly concerned about Trump’s campaign promise to impose a universal 10-20% tariff on all imports, which could affect the entire range [...]
SEOUL, Dec. 10 (Korea Bizwire) – Political turmoil following President Yoon Suk Yeol’s declaration of martial law has cast doubt on South Korea’s anticipated 9 trillion won export deal with Poland for additional K2 Black Panther tanks. As the December 3 martial law crisis continues to impede the president’s ability to perform his duties normally, concerns are [...]
SEOUL, Dec. 10 (Korea Bizwire) – Leading South Korean construction companies are grappling with mounting profitability challenges as the industry faces a prolonged downturn. Cost-to-sales ratios have climbed above 90%, up sharply from the traditional mid-80% range in recent years, with some firms seeing ratios exceed 95%. According to NICE Information Service, the average cost-to-sales ratio for [...]
SEOUL, Dec. 10 (Korea Bizwire) — New installations of global messaging app Telegram have spiked in South Korea, data showed Tuesday, as concerns brewed over possible media censorship following the martial law fiasco. The number of new Telegram installations came to 40,576 cases last Tuesday, according to data compiled by industry tracker IGAWorks, the day President [...]
SEOUL, Dec. 10 (Korea Bizwire) – The growth in South Korea’s employment insurance registrations reached its lowest point in nearly four years, highlighting a slowdown in the labor market as the country faces a range of economic headwinds. According to the Ministry of Employment and Labor, the number of regular employment insurance subscribers increased by [...]