SEOUL, Dec. 31 (Korea Bizwire) — Imports of long-life sterilized milk into South Korea have surged over the past decade, even as overall milk consumption declines and domestic dairy producers struggle with high costs and shrinking demand. According to data from the Korea Customs Service, imports of sterilized milk rose more than tenfold, from about 4,000 [...]
SEOUL, Dec. 31 (Korea Bizwire) — Coupang disclosed the results of its controversial internal probe into a massive data breach directly to U.S. regulators without prior coordination with the South Korean government, according to filings reviewed Tuesday. In a submission to the U.S. Securities and Exchange Commission dated Monday, the U.S.-listed e-commerce giant said that [...]
SEOUL, Dec. 30 (Korea Bizwire) — Only 36.7 percent of Japanese people said they support efforts to provide diplomatic support to achieve peace on the Korean Peninsula, hovering well below the global average, a survey showed Tuesday. The percentage of Japanese citizens who backed the idea of offering economic and military support also stood at [...]
SEOUL, Dec. 30 (Korea Bizwire) — Sales of museum-branded cultural goods in South Korea have reached a record high this year, reflecting a surge in global and domestic interest in traditional Korean culture fueled by the broader momentum of K-culture. According to the National Museum Foundation of Korea, annual sales of “MU:DS,” the museum’s cultural merchandise [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korean investors switched to net sellers of U.S. stocks for the first time in around four months last week, data showed Tuesday, amid government measures to reshore capital into the local stock market. Local investors sold a net US$281.4 million of equities in the United States between Dec. [...]
SEOUL, Dec. 30 (Korea Bizwire) — Samsung Electronics is deepening its long-running partnership with BMW by expanding cooperation from batteries and displays into automotive semiconductors, underscoring Chairman Lee Jae-yong’s push to position vehicle electronics as a core growth engine for the group. Under the latest agreement, Samsung will supply its in-house automotive processor, Exynos Auto, for [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea’s semiconductor industry is pushing back against political calls to relocate the massive Yongin semiconductor cluster away from the Seoul metropolitan area, warning that any abrupt change to the project could disrupt investment plans and undermine the country’s global competitiveness in chips. The concerns come after Kim Sung-hwan, the [...]
SEOUL, Dec. 30 (Korea Bizwire) — North Korea appears to be signaling a subtle but meaningful shift in its internal power structure, with new clues emerging from the license plates used by the country’s top leadership. An analysis of state media footage by Yonhap News Agency shows that Kim Jong Un has recently been using a [...]
SEOUL, Dec. 30 (Korea Bizwire) — South Korea ranked third globally last year in the growth of patent applications, underscoring Asia’s expanding role in global innovation even as economic uncertainty persisted. According to the World Intellectual Property Organization’s 2025 World Intellectual Property Indicators, cited Tuesday by the Korea Institute of Science and Technology Evaluation and Planning, [...]
SEOUL, Dec. 29 (Korea Bizwire) — Nearly one in 20 South Koreans has limited monthly social interaction through mobile communications, highlighting a growing segment of the population at risk of social isolation, according to a government-backed data analysis released on Monday. The findings, published by the National Data Agency, mark the first nationwide statistical attempt to [...]