SEOUL, Dec. 9 (Korea Bizwire) – The Seoul Metropolitan Government has announced a strategic partnership with India’s prestigious Indian Institute of Technology (IIT) Delhi to strengthen cooperation in the artificial intelligence (AI) sector. The agreement, signed on December 6 during a Seoul delegation’s visit to India, aims to advance innovation and collaboration between two global [...]
ANDONG, Dec. 9 (Korea Bizwire) – North Gyeongsang Province announced on December 8 that it will conduct special enforcement measures across its 22 cities and counties, focusing on seafood origin labeling verification and illegal fishing activities in the East Sea, with particular attention to snow crabs. This initiative comes in response to growing concerns about potential mislabeling [...]
SEOUL, Dec. 9 (Korea Bizwire) – Following President Yoon Suk Yeol’s shock declaration of martial law on December 3, foreign investors have initiated a significant withdrawal from South Korean financial institutions, marking a notable shift in international investment patterns in the country’s markets. The exodus appears driven by concerns that the financial sector could be particularly [...]
SEOUL, Dec. 8 (Korea Bizwire) — Several taxi drivers have gained widespread admiration after refusing to charge fares for passengers heading to a large protest in favor of impeaching President Yoon Suk Yeol. On December 7, a user on X (formerly Twitter) shared a screenshot showing a canceled taxi fare of 23,500 won. The driver had [...]
STOCKHOLM, Dec. 7 (Korea Bizwire) —On December 6, Han Kang, the acclaimed South Korean author and recipient of the 2023 Nobel Prize in Literature, expressed her shock over the resurgence of martial law in South Korea in 2024. Speaking at a press conference at the Nobel Prize Museum, Han reflected on the parallels between recent [...]
SEOUL, Dec. 7 (Korea Bizwire) – With over six million diabetes patients in South Korea, new research reveals a troubling connection between severe gum disease (periodontal disease) and an elevated risk of developing diabetes, particularly among younger individuals. A study led by Professor Shin Myung-hee of Sungkyunkwan University’s School of Medicine analyzed data from nearly 30,000 [...]
SEOUL, Dec. 7 (Korea Bizwire) – The once-clear divide between streaming platforms and traditional TV broadcasters in South Korea is rapidly dissolving, as collaborations between these two sectors become increasingly common. This trend underscores the evolving landscape of content distribution, driven by changing viewer habits and the financial pressures of content creation. When Netflix entered the [...]
SEOUL, Dec. 6 (Korea Bizwire) – South Korea’s tourism and retail industries are on edge following the recent declaration and lifting of martial law, as travel warnings from major countries raise concerns about a potential decline in foreign visitors. While the Korea Tourism Organization reported no significant cancellations as of December 5, signs of apprehension [...]
SEOUL, Dec. 6 (Korea Bizwire) – South Korea is witnessing a steady shift toward transparent corporate governance as more conglomerates adopt holding company structures. However, concerns are mounting over indirect investments via overseas subsidiaries, potentially enabling unfair internal transactions and abuse of authority. According to the Fair-Trade Commission (FTC), 43 of the country’s 88 conglomerates [...]
SEOUL, Dec. 6 (Korea Bizwire) – Major gaming companies worldwide are intensifying their competition to secure valuable intellectual property through aggressive mergers, acquisitions, and investments, with Asian technology giants leading the charge. Tencent, China’s largest gaming and technology company, has recently acquired domestic game developer Kuro Games, the studio behind Wuthering Waves, adding to its growing portfolio [...]