SEOUL, Jun. 27 (Korea Bizwire) – South Korea is experiencing an unprecedented early summer heat wave, with June 2023 on track to become the hottest June since weather records began in 1973. Meteorologists warn that the scorching temperatures are just a prelude to what could be one of the most severe summer seasons in the country’s [...]
SEOUL, Jun. 27 (Korea Bizwire) – A recent report from the Korea Disease Control and Prevention Agency (KDCA) reveals a troubling trend in South Korea: intentional self-harm hospitalizations have more than doubled over the past decade, with teenagers being the most affected group. According to the “2022 Hospital Discharge Injury Statistics” released on June 26, the [...]
SEOUL, June 26 (Korea Bizwire) – In a move that underscores the strong partnership between LG Group and General Motors (GM), LG Chemical and LG Energy Solution are set to become the first buyers of the Cadillac Lyriq electric vehicle in South Korea. Industry sources revealed on June 25 that LG Chemical and LG Energy Solution [...]
SEOUL, June 26 (Korea Bizwire) – SK Group, one of South Korea’s largest conglomerates, is reportedly reviewing its business portfolio across various sectors, including its pharmaceutical and biotech divisions. The move comes as part of the group’s broader strategy to streamline overlapping operations and secure liquidity for future investments. According to industry sources on June 25, [...]
SEOUL, Jun. 26 (Korea Bizwire) – Samsung Electronics and LG Electronics are ramping up their efforts to dominate the hotel TV market, showcasing upgraded televisions and specialized solutions at HITEC 2024, the world’s largest hospitality technology show, currently underway in Charlotte, North Carolina. Samsung revealed on June 25 that it has integrated Apple AirPlay functionality into [...]
SEOUL, Jun. 26 (Korea Bizwire) – A new study predicts that South Korea’s declining birth rate and shrinking population could lead to a significant labor shortage in key sectors by 2042, with over 600,000 fewer workers in restaurants and retail compared to 2022 levels. The forecast was presented by professor Lee Chulhee of Seoul National University [...]
SEOUL, Jun. 26 (Korea Bizwire) – A dramatic increase in illegal spam messages, many of which encourage stock investments, has prompted authorities to launch an emergency investigation to determine if the surge is due to hacking of SMS resellers or if these resellers are complicit in the activity. According to telecommunications authorities and industry insiders, the [...]
SEOUL, Jun. 26 (Korea Bizwire) – Samsung Electronics announced on June 25 that it will add four more languages to its Galaxy AI service, which includes interpretation capabilities, by the end of this year. The on-device real-time interpretation and translation function of Galaxy AI currently supports 16 languages, including Korean, Chinese, English, French, and Japanese. The [...]
SEOUL, Jun. 26 (Korea Bizwire) — North Korea has held a mass anti-U.S. rally in Pyongyang to mark this week’s anniversary of the outbreak of the 1950-53 Korean War, state media reported Wednesday. More than 100,000 people attended the rally held at the May Day Stadium on Tuesday and the stadium was “full of the [...]
SEOUL, June 26 (Korea Bizwire) – In a move that underscores the strong partnership between LG Group and General Motors (GM), LG Chemical and LG Energy Solution are set to become the first buyers of the Cadillac Lyriq electric vehicle in South Korea. Industry sources revealed on June 25 that LG Chemical and LG Energy Solution [...]