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Samsung Electronics Boosts Semiconductor Division Bonuses as Chip Market Recovers

Samsung Electronics Boosts Semiconductor Division Bonuses as Chip Market Recovers

SEOUL, Jul. 5 (Korea Bizwire) – Samsung Electronics, the world’s largest memory chip maker, has announced a significant increase in performance bonuses for its semiconductor division, signaling a recovery in the chip market after a challenging year.  Employees in the company’s Device Solutions (DS) division, which oversees semiconductor operations, will receive bonuses of up to 75% [...]

Nexon Accelerates Launch of Blockchain Game ‘MapleStory N’ with Tester Recruitment

Nexon Accelerates Launch of Blockchain Game ‘MapleStory N’ with Tester Recruitment

SEOUL, Jul. 5 (Korea Bizwire) – Nexon, a leading South Korean game developer, is ramping up efforts to launch its blockchain-based game MapleStory N, which has been in development since 2022. The company has begun recruiting testers, signaling a move towards the game’s official release.  According to industry sources on July 4, NexSpace, a Nexon subsidiary, [...]

South Korean Teens Report Lower Life Satisfaction Than OECD Average, Study Finds

South Korean Teens Report Lower Life Satisfaction Than OECD Average, Study Finds

SEOUL, Jul. 5 (Korea Bizwire) – A new report has revealed that South Korean teenagers are less satisfied with their lives compared to their peers in other developed nations, highlighting concerns about youth well-being in a country known for its high-pressure education system.  According to the “2024 Key Statistics in Child-Related Fields” study released by the [...]

All Tested Consumer Products Meet EMF Safety Standards, Government Report Confirms

All Tested Consumer Products Meet EMF Safety Standards, Government Report Confirms

SEOUL, Jul. 5 (Korea Bizwire) – All consumer products tested for electromagnetic field (EMF) exposure in the first half of this year have met safety standards, according to a government report released on July 4.  The Ministry of Science and ICT announced that 38 products across 13 categories were examined, with exposure levels ranging from 0.69% [...]

LG Electronics and New York Yankees Team Up to Protect Endangered Species

LG Electronics and New York Yankees Team Up to Protect Endangered Species

SEOUL, July 4 (Korea Bizwire) – LG Electronics announced on July 4 that the New York Yankees, one of America’s most prestigious professional baseball teams, have joined its “Protecting Endangered Animals with LG” campaign. The initiative, which aims to raise awareness about biodiversity, features stunning and dynamic images of animals threatened by climate change on electronic [...]

Parents Deny Abuse Allegations Against Son Heung-min’s Father at Football Academy

Parents Deny Abuse Allegations Against Son Heung-min’s Father at Football Academy

SEOUL, July 4 (Korea Bizwire) – Parents of players training at the football academy run by the father of South Korean football star Son Heung-min on Thursday dismissed child abuse allegations against him. Son Woong-jung, a former player and director of Son Football Academy, and two of his coaches are under investigation over charges that [...]

South Korean TV Home Shopping Industry in Crisis as Broadcast Revenue Hits 5-Year Low

South Korean TV Home Shopping Industry in Crisis as Broadcast Revenue Hits 5-Year Low

SEOUL, Jul. 4 (Korea Bizwire) – The South Korean TV home shopping industry is facing a severe downturn with broadcast revenue plummeting to a five-year low, reflecting the ongoing decline in television viewership. This slump comes amid rising transmission fees, further squeezing the industry’s profitability.  According to a report released by the Korea TV Home Shopping [...]

South Korean Cattle Farmers Protest Economic Hardship, Demand Government Support

South Korean Cattle Farmers Protest Economic Hardship, Demand Government Support

SEOUL, Jul. 4 (Korea Bizwire) – In a dramatic display of desperation, thousands of South Korean cattle farmers gathered outside the National Assembly in Seoul on July 3 to protest their deteriorating economic situation and demand government intervention. The demonstration, which included a symbolic attempt to “return” cattle to the government, marked the first such protest [...]

Survey Finds South Korean Consumers Praise Convenience Store Ambiance, But Call for Better Customer Interaction

Survey Finds South Korean Consumers Praise Convenience Store Ambiance, But Call for Better Customer Interaction

SEOUL, Jul. 4 (Korea Bizwire) – A recent survey by the Korea Consumer Agency has found that while South Korean consumers highly appreciate the store environment and payment convenience of their local convenience stores, they are less satisfied with customer communication and promotional events. The agency released its findings on July 3, detailing consumer satisfaction and [...]