SEOUL, July 31 (Korea Bizwire) — In a notable win for South Korea’s agricultural sector, the government has successfully resisted U.S. demands to further open its domestic rice and beef markets during recent bilateral trade negotiations. The move has been welcomed by farmers and industry groups, who had feared the talks would lead to fresh [...]
SEJONG, July 31 1 (Korea Bizwire) — South Korea and the United States reached a dramatic tariff agreement on July 31, narrowly avoiding the imposition of a 25% mutual tariff that had loomed over bilateral trade. Under the deal, South Korea will invest $350 billion in the U.S., including a $150 billion shipbuilding fund, in [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s Everland has once again proven its horticultural prowess on the international stage, with its homegrown rose variety “Pink Pastry” winning both a Bronze Medal and a Special Fragrance Award at the 23rd International Rose Competition held in Gifu Prefecture, Japan. According to Samsung C&T Resort Group on Thursday, [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s top 92 conglomerates now operate more than 6,360 overseas affiliates across 131 countries, with the United States accounting for the largest share at over 26%, according to a new report from the Korea CXO Institute released on Thursday. The number of foreign subsidiaries grew by nearly 200 [...]
SEOUL, July 31 (Korea Bizwire) — The humble Korean dish kimbap is enjoying a fresh wave of international acclaim, fueled by viral social media trends and a spotlight appearance in the hit Netflix animated film K-Pop Demon Hunters. The renewed craze is turning the traditional rice-and-seaweed roll into a global sensation—and a lucrative export. A [...]
SEOUL, July 31 (Korea Bizwire) — Over the past year, more than two-thirds of South Korea’s top 50 family-run conglomerates have undergone notable shifts in ownership structure, with approximately 1 trillion won (US$750 million) worth of shares transferred—largely through inheritance and gifts to heirs, signaling a new wave of succession planning. According to corporate tracker [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s tech giants Samsung Electronics and LG Electronics swept top honors at the 2025 Ergonomic Design Awards, hosted by the Ergonomics Society of Korea, with a series of smart home appliances praised for their user-centric design, usability, and innovation. Samsung’s Bespoke AI Dishwasher was named Best of the [...]
SEOUL, July 31 (Korea Bizwire) — Early access to palliative care—not limited to hospice or end-of-life stages—can significantly reduce emergency room visits among cancer patients, according to a new study from Seoul National University Hospital. Unlike hospice care, which is typically reserved for terminal patients with a prognosis of six months or less, palliative care [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s Minister of Health and Welfare, Chung Eun-kyung, has called for stricter regulation of liquid-based e-cigarettes, equating their health risks to those of traditional combustible cigarettes, especially amid rising use among adolescents. In a written response submitted to the National Assembly following her confirmation hearing, Chung emphasized that [...]
SEOUL, July 31 (Korea Bizwire) — As South Korean consumers grapple with rising food prices, ultra-low-cost products priced under 1,000 won are gaining popularity—prompting convenience stores to expand their “super-value” offerings. On July 30, 7-Eleven announced the launch of two canned coffee products, “Seven Select Black Coffee” and “Seven Select Café Latte,” each priced at [...]