SEOUL, July 18 (Korea Bizwire) — Netflix is poised to generate up to 62.9 trillion won ($45.2 billion) in revenue this year—more than triple the total revenue of South Korea’s entire broadcasting industry in 2023, which stood at 18.8 trillion won. The surge reflects the platform’s accelerating global dominance and the rising popularity of Korean [...]
DAEJEON, July 18 (Korea Bizwire) — South Korea is seeing a sharp rise in baking-related patents, driven by growing consumer demand for bread and a cultural shift toward Western-style diets, according to the Korean Intellectual Property Office (KIPO). Over the past two decades, more than 3,500 patent applications have been filed in the baking sector, [...]
IKSAN, July 18 (Korea Bizwire) – McDonald’s Korea’s latest local specialty, the “Iksan Sweet Potato Mozzarella Burger,” has become a viral sensation on social media, surpassing 500,000 units sold within just four days of its release on July 10. The burger is now poised to reach the one-million mark by this weekend, according to officials [...]
SEOUL, July 18 (Korea Bizwire) — In a direct response to South Korea’s strengthened gaming regulations, U.S. game publisher Electronic Arts (EA) has disabled microtransaction features for Korean users of its upcoming soccer title, “FC 26,” making it one of only two countries—alongside Russia—facing such restrictions. According to industry sources on Thursday, EA has blocked [...]
SEOUL, July 18 (Korea Bizwire) — As in vitro fertilization (IVF) becomes increasingly mainstream in South Korea, the number of embryos created annually has approached 800,000 — with over 500,000 discarded each year — prompting renewed debate over embryo management and ethical oversight. According to data released Thursday by Rep. Kim Yoon of the Democratic [...]
SEOUL, July 18 (Korea Bizwire) — South Korean streaming platform Tving announced Wednesday that it will launch a new interactive viewing service called “Watch Together” on July 19, allowing users to watch content simultaneously while engaging in real-time chat with special hosts and fellow viewers. The new feature aims to tap into the growing demand [...]
SAMCHEOK, South Korea, July 17 (Korea Bizwire) — In a move aimed at addressing demographic challenges and extending the reach of youth-focused policies, the city of Samcheok in Gangwon Province has officially expanded its definition of “youth” to include individuals up to 49 years old. The revised regulation, enacted in May through an amendment to [...]
SEOUL, July 18 (Korea Bizwire) —Wireless charging for smartphones, earbuds, and in-car devices is poised to become significantly faster, as the Korea Information and Communication Technology Association (TTA) announced Wednesday the launch of certification for a new global standard, “Qi v2.2.1.” Developed by the Wireless Power Consortium (WPC)—a coalition of over 350 companies including Samsung [...]
SEOUL, July 17 (Korea Bizwire) — The Seoul Metropolitan Government announced Thursday it will begin integrating big data analytics into the early stages of policymaking, marking a major shift toward predictive, evidence-based urban governance. The initiative, dubbed “data-first administration,” aims to assess the impact of key municipal projects across five sectors—urban space, transportation, housing and [...]
SEOUL, July 17 (Korea Bizwire) — To mark the 80th anniversary of Korea’s liberation from Japanese colonial rule, the National Museum of Korea has unveiled a striking digital tribute to the Denny Taegeukgi—the oldest surviving version of the Korean national flag. The immersive one-minute video will be screened from July 17 at the museum’s outdoor [...]