SEOUL, Nov. 13 (Korea Bizwire) — South Korea’s leading convenience store chain CU has opened its first store in the United States, marking the brand’s official entry into the American market with the debut of its “CU Downtown” branch in Honolulu, Hawaii. BGF Retail, which operates CU, said Thursday that it launched the store on [...]
SEOUL, Nov. 12 (Korea Bizwire) — Samsung Electronics is set to launch its first dual-folding smartphone, the Galaxy Z Trifold, next month, marking a new step in the evolution of foldable devices. According to industry sources, Samsung will hold an official launch event on December 5 to introduce the Trifold and begin domestic sales. The model, [...]
SEOUL, Nov. 12 (Korea Bizwire) — Both Samsung Electronics and Apple are expected to revamp their flagship smartphone lineups in 2026 after the disappointing performance of their ultra-thin models released earlier this year, 2025. Apple introduced the iPhone Air in September 2025, a 5.6-millimeter-thick, 165-gram handset replacing the traditional “Plus” model in the iPhone 17 series. [...]
SEOUL, Nov. 12 (Korea Bizwire) — A majority of South Korea’s publicly listed companies that hold treasury shares oppose a proposed amendment to the Commercial Act that would make share cancellations mandatory, according to a survey released Wednesday by the Korea Chamber of Commerce and Industry (KCCI). The proposal, now under discussion at the National Assembly, [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s logistics and e-commerce industries are embroiled in a fierce debate over a proposed ban on deliveries between midnight and 5 a.m., a move labor groups say is needed to protect workers’ health but businesses warn would disrupt jobs and consumer convenience. The controversy began after the Korean Confederation [...]
SEOUL, Nov. 12 (Korea Bizwire) — As cheating scandals involving artificial intelligence spread across South Korean universities, experts say the problem stems less from student morality and more from institutional complacency—where large-scale, online classes have outpaced ethical oversight. According to professors and education researchers, the combination of budget-driven mass lectures and the rapid advance of [...]
SEOUL, Nov. 12 (Korea Bizwire) — President Lee Jae-myung on Tuesday instructed his economic team to explore new tax benefits for long-term retail investors, separating them from large shareholders to encourage stable investment while avoiding controversy over tax breaks for the wealthy. During a Cabinet meeting at the presidential office in Yongsan, Lee asked Deputy Prime [...]
SEOUL, Nov. 12 (Korea Bizwire) — Morgan Stanley has sharply revised upward its outlook for South Korea’s two largest chipmakers, saying the global memory semiconductor rally is being powered by surging demand from artificial intelligence (AI) data centers and cloud providers. In a report titled “Memory: The Ultimate Pricing Power,” released Tuesday, the U.S. investment bank [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea’s electricity demand is surging amid rapid industrial electrification and the spread of artificial intelligence (AI), raising concerns that rising power costs could weigh heavily on energy-intensive industries such as semiconductors and displays, a business report warned Tuesday. According to a study released by the Korea Chamber of Commerce [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea is moving closer to deploying fully autonomous telecommunications networks, or Level 4 systems, capable of managing and repairing themselves without human intervention, according to a new report released Tuesday. The Information and Communication Industry Promotion Agency (NIPA) said in its latest global AI trends report that competition among [...]