SEOUL, Dec. 6 (Korea Bizwire) – South Korea’s military is grappling with a crisis of morale among its younger service members, following their controversial deployment during President Yoon Suk Yeol’s now-lifted martial law declaration. Dubbed the “MZ Martial Law Troops” for their composition of Millennial and Gen Z soldiers, many expressed disillusionment over being used [...]
SEOUL, Dec. 6 (Korea Bizwire) – NCsoft, the South Korean gaming giant, has initiated development of a new casual game based on its Lineage intellectual property, following the recent release of Journey of Monarch, according to gaming industry sources. The company posted job listings on December 2 for content planners for what it describes as a “new [...]
SEOUL, Dec. 6 (Korea Bizwire) – In a significant expansion of its luxury automotive presence, Genesis unveiled its entry into professional motorsports through its new high-performance division, Genesis Magma, at a premiere event held at the Armani Hotel in Dubai, UAE, on December 4. The luxury automaker revealed plans to compete in two prestigious endurance racing championships, [...]
SEOUL, Dec. 6 (Korea Bizwire) – With global markets increasingly focusing on South Korean webtoons, Japan’s traditional manga is experiencing a surprising surge in popularity within South Korea itself, marked by a wave of high-profile exhibitions and unprecedented author visits throughout the year. The manga renaissance has been particularly evident in Seoul’s bustling exhibition scene. The year [...]
SEOUL, Dec. 5 (Korea Bizwire) — Amid South Korea’s declining birthrate, corporations are stepping up with innovative and generous measures to support employees who choose to have children. From cash incentives to tailored family support policies, the private sector is playing a growing role in addressing the country’s demographic challenges. Buoyed by a groundbreaking policy [...]
SEOUL, Dec. 5 (Korea Bizwire) – When Choo Shin-soo, one of South Korea’s most successful Major League Baseball players, recently addressed longstanding rumors about avoiding national team duty after receiving a military service exemption, his explanation that “the team opposed it” did little to quell public criticism. Despite his distinguished 16-year career in American baseball, online [...]
POHANG, South Korea, Dec. 5 (Korea Bizwire) — The industrial heart of Pohang, once buoyed by its thriving secondary battery and steel industries, is grappling with a severe economic downturn, underscoring the fragility of the region’s core sectors. The city, home to major players like EcoPro, POSCO Future M, and GS Energy Materials, has been [...]
SEOUL, Dec. 5 (Korea Bizwire) – South Korea’s Ministry of Environment announced plans to revise regulations governing saline wastewater discharge from secondary battery production, aiming to better assess its ecological impact on marine environments. The proposed amendments to the Water Environment Conservation Act and the Sewerage Act will be open for public comment starting December [...]
SEOUL, Dec. 5 (Korea Bizwire) – In a bold move to promote sustainable energy, Seoul announced the selection of two major development projects to incorporate water-based thermal energy systems: the Jamsil Sports & MICE Complex and the Seongsu-dong K-Project. The decision marks a significant step in reducing carbon emissions and energy costs in large-scale urban [...]
SEOUL, Dec. 5 (Korea Bizwire) – CJ OnStyle, a major South Korean online retailer, has identified “newmiliar” as the defining consumer trend of 2024, describing a preference for products that combine familiarity with innovative twists. The term “newmiliar,” a portmanteau of “new” and “familiar,” emerged from the company’s analysis of sales data across its most popular [...]