SEOUL, Aug. 20 (Korea Bizwire) – A delegation of South Korean lawmakers who visited Japan’s Sado Gold Mine in Niigata Prefecture has accused Japanese authorities of attempting to conceal the history of forced labor at the site. The five-member delegation, comprising representatives from the Democratic Party of Korea, the Transition Korea Party, and the Progressive Party, [...]
SEOUL, Aug. 20 (Korea Bizwire) – For Ko, a 31-year-old office worker who commutes via the Nambu Bus Terminal station on Seoul’s Subway Line 3, summer mornings and evenings are a sweaty ordeal. “It feels like a sauna in there,” she said, describing her daily struggle with the lack of air conditioning in the subway station. [...]
SEOUL, Aug. 20 (Korea Bizwire) – Netflix, the global leader in online video streaming services, is experiencing a decline in its user base as its Korean original content continues to underperform expectations. Industry watchers are now looking to upcoming releases, including the highly anticipated second season of “Squid Game” set to premiere in December, to see [...]
SEOUL, Aug. 19 (Korea Bizwire) – A thriving underground market for K-pop idols’ flight information has emerged on social media platforms, raising alarm among privacy advocates and entertainment companies alike. On August 16, numerous posts appeared on X (formerly Twitter) offering to sell detailed flight information of popular K-pop groups. For as little as 2,000 won, [...]
SEOUL, Aug. 19 (Korea Bizwire) – As the South Korean government prepares to unveil its national pension reform plan, a recent survey has revealed that younger generations, particularly those in their 20s and 30s, are more concerned about the likelihood of receiving pension benefits in the future than the system’s financial stability. The survey, conducted by [...]
SEOUL, Aug. 19 (Korea Bizwire) – As South Korean department stores struggle with sluggish consumer spending due to high inflation, sports merchandise sections have become an unexpected source of growth. According to reports from the country’s three major department store chains on August 18, sales in their sports categories increased by approximately 10% in the first [...]
SEOUL, Aug. 19 (Korea Bizwire) – With South Korea’s major duty-free retailers struggling to overcome a prolonged sales slump, they are increasingly turning their attention to an often overlooked demographic: domestic customers. With the summer travel season in full swing, these shops are launching aggressive marketing campaigns, including lavish prize drawings, to capture the wallets of [...]
SEOUL, Aug. 19 (Korea Bizwire) – A recent study by the Korea Insurance Development Institute has found that electric vehicles (EVs) in South Korea have a slightly higher risk of fire and explosion compared to traditional gasoline-powered cars, potentially impacting insurance premiums and safety perceptions. According to data released on August 18, there were 53 fire [...]
SEOUL, Aug. 19 (Korea Bizwire) – Recent revelations about badminton star An Se-young’s seven-year stint as the national team’s de facto launderer and cleaner have reignited discussions about the treatment of junior athletes in South Korean sports, bringing renewed attention to volleyball icon Kim Yeon-koung’s past comments on the issue. An, 22, who joined the national [...]
SEOUL, Aug. 19 (Korea Bizwire) – When Yoon Sun-young’s high school freshman child asked for tickets to PSY’s “Soaked Show,” she was taken aback by the price tag. Even with a 20% student discount, standing room tickets cost over 130,000 won, and factoring in food and transportation, the total expense would easily surpass 200,000 won. “A [...]