SEOUL, Nov. 10 (Korea Bizwire) — South Korea’s once-niche men’s cosmetics industry is rapidly emerging as a major growth engine for K-beauty, driven by changing attitudes toward grooming and self-care among younger male consumers. Once limited to simple skin lotion sets, the market has expanded to include makeup, fragrance, and scalp-care products as more men embrace [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korea’s benchmark stock index fell below the 4,000 mark this week amid renewed concerns over an artificial intelligence (AI) bubble, leading to a surge in forced stock liquidations from margin accounts, industry data showed Sunday. According to the Korea Financial Investment Association, the value of forced sell-offs from unsettled [...]
SEOUL, Nov. 10 (Korea Bizwire) — A Seoul court has ruled that a Buddhist monk’s daily prayers and care for a temple’s head monk do not constitute “labor” under the law, rejecting his claim for nearly 700 million won (about US$510,000) in back pay and compensation. The Seoul Northern District Court on Sunday dismissed a [...]
SEOUL, Nov. 10 (Korea Bizwire) — China is racing ahead in the development of humanoid robots and physical artificial intelligence (AI), focusing on the collection and production of real-world sensory and motion data that are far more difficult to obtain than large-language model (LLM) datasets, a new report shows. According to a study released Sunday [...]
SEOUL, Nov. 10 (Korea Bizwire) — Naver’s latest virtual reality (VR) technology has reached a stage where it can be implemented using only a 360-degree camera and a smartphone, marking a major step toward mass adoption, the company said Sunday. According to Naver, its research arm Naver Labs tested the new system this week by creating [...]
SEOUL, Nov. 10 (Korea Bizwire) — South Korea’s aging population is transforming the country’s food service industry, with leading catering companies pivoting toward senior housing and care facilities as a new growth market. According to industry officials, with the number of people aged 65 and older surpassing 10 million for the first time last year, [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korea’s food safety regulator plans to introduce stricter labeling standards for decaffeinated coffee following growing concerns that many products marketed as “decaf” still contain significant amounts of caffeine. The Ministry of Food and Drug Safety (MFDS) announced Thursday that it will revise national labeling rules to allow coffee [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korea’s elite Air Force aerobatic team, the Black Eagles, will not participate in this month’s Dubai Airshow after Japan refused to allow the team’s jets to refuel at one of its bases, citing recent training near the disputed Dokdo islets, military sources said Thursday. According to officials, the South [...]
SEOUL, Nov. 7 (Korea Bizwire) — Developers from major South Korean game studios are voicing frustration over management practices that prioritize short-term profits over creativity, arguing that such behavior undermines the industry’s global competitiveness. At a meeting with Vice Culture Minister Kim Young-soo on Thursday, members of the IT division of the Korean Federation of Chemical, [...]
SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. showcased the latest advances in smart factory technology at their annual “E-Forest Tech Day 2025,” held this week at production facilities in Hwaseong and Ulsan, the companies said Thursday. Now in its sixth year, the event featured 177 innovations across four themes: automation, manufacturing [...]