SEOUL, Sept. 12 (Korea Bizwire) – The proportion of one-person households in South Korea is projected to surpass 40 percent in 2052 amid a delay in marriages and rapid aging, the statistics agency said Thursday. The number of households consisting of one member is forecast to reach 9.62 million in 2052, taking up 41.3 percent [...]
SEOUL, Sept. 12 (Korea Bizwire) – Krafton, the South Korean video game powerhouse behind global hit “PlayerUnknown’s Battlegrounds,” is making a significant pivot into the rapidly growing short-form drama market, signaling a major diversification effort for the company. On September 11, Krafton announced a 120 billion won equity investment in Spoonlabs, a company known for its [...]
SEJONG, Sept. 12 (Korea Bizwire) – The family of the late Kim Jung-ju, founder of the gaming giant Nexon, has completed the payment of their inheritance tax, estimated at over 5 trillion won, drawing attention to its potential impact on South Korea’s tax revenue. However, the actual cash contribution to the national coffers is expected to [...]
SEOUL, Sept. 12 (Korea Bizwire) – In an effort to minimize damage from localized extreme rainfall, Gangnam District in Seoul has launched a pilot program for an advanced flood monitoring and prediction system, local officials announced on September 11. The system, which combines artificial intelligence (AI) and Internet of Things (IoT) technologies, has been dubbed the [...]
DAEJEON, Sept. 12 (Korea Bizwire) – In a breakthrough that could revolutionize sustainable energy production, researchers at the Korea Institute of Machinery and Materials (KIMM) have developed an energy harvester capable of generating electricity from seawater, the institute announced on September 11. Energy harvesters are devices designed to capture and convert ambient energy sources, such as [...]
SEOUL, Sept. 11 (Korea Bizwire) – Two major umbrella unions and a civic group on Wednesday called for the preservation of a girl statue erected in Berlin years ago to symbolize the victims of Japan’s wartime sexual slavery, saying it is the emblem of historical justice. The Korean Confederation of Trade Unions (KCTU), the Federation [...]
SEOUL, Sept. 11 (Korea Bizwire) – The Empire State Building, an iconic New York City landmark, was illuminated in a color symbolizing K-pop girl group Le Sserafim, the group’s agency said Wednesday. The group participated in a lighting ceremony at the tourist landmark Tuesday (U.S. time) to mark the release of its fourth EP, “Crazy.” [...]
SEOUL, Sept. 11 (Korea Bizwire) – NewJeans members on Wednesday demanded Hybe reinstate Min Hee-jin as CEO of the girl group’s management agency ADOR. “What we want is the original ADOR headed by Min Hee-jin, where management and production moved in unison,” all five members said through YouTube livestream, openly calling for Min’s reinstatement for [...]
SEOUL, Sept.11 (Korea Bizwire) – The Ministry of Culture, Sports and Tourism has launched an investigation into the Korean Badminton Association following outspoken comments by An Se-young, the 2024 Paris Olympics badminton gold medalist. The probe has already uncovered outdated practices within the association and prompted calls for reform. According to the ministry’s interim findings, released [...]
SEOUL, Sept.11(Korea Bizwire) – Kim So-hee’s voice trembled as she recounted the tragic loss of her 4-year-old son, Kim Dong-hee, in a case that has come to symbolize the challenges patients face in South Korea’s medical system. “It wasn’t until the investigation began that we learned the shocking truth,” Kim said at a patient advocacy event [...]