SEOUL, July 31 (Korea Bizwire) – A new data-sharing initiative in South Korea has sparked concerns about potential risks to consumer privacy and the competitiveness of domestic businesses. Experts warn that the MyData system, set to be implemented across all sectors by March of next year, could inadvertently lead to the cheap sale of Korean consumer [...]
SEOUL, July 31 (Korea Bizwire) – In a quiet corner of western Japan, a group of dedicated citizens is working to shed light on a long-forgotten tragedy that claimed the lives of 183 miners, including 136 Koreans, during World War II. The Chosei coal mine disaster, which occurred on February 3, 1942, in the city of [...]
SEOUL, July 31 (Korea Bizwire) – Samsung Electronics Co. said Wednesday sales of high-performance high bandwidth memory (HBM) products soared more than 50 percent in the second quarter from three months earlier, driven by a boom in generative artificial intelligence. “The memory market continued to be strong in the second quarter, fueled by strong demand [...]
SEOUL, Jul. 31 (Korea Bizwire) – The portable gaming market, which saw renewed consumer interest following the 2022 release of the Steam Deck, is experiencing intensified competition as console manufacturers join hardware makers in the race for market share. Sony Interactive Entertainment Korea (SIEK) announced on July 29 that it will officially launch the PlayStation Portal, [...]
SEJONG, Jul. 31 (Korea Bizwire) – A recent survey has revealed that nearly 70% of South Korea’s aging population, comprising individuals aged 55 to 79, express a desire to continue working. This demographic, approaching 16 million people, showcases a strong inclination towards prolonged participation in the workforce. Statistics Korea released these findings on July 30, as [...]
SEOUL, Jul. 31 (Korea Bizwire) – A recent report by CJ ENM’s digital marketing firm MezzoMedia reveals a growing trend among South Korean consumers: maximizing value from limited time across shopping, gaming, and content consumption. The 2024 Consumer Trends Series report, released on July 29, highlights consumers’ increasing preference for products and services that minimize wasted [...]
SEOUL, Jul. 31 (Korea Bizwire) – A recent study has uncovered concerning patterns in the health behaviors of South Korean youth, with flavored tobacco products playing a significant role in initiating smoking habits and alcohol consumption beginning as early as middle school. The Korea Disease Control and Prevention Agency (KDCA) released statistics from its Youth Health [...]
JAKARTA, Jul. 31 (Korea Bizwire) – In a significant shift in foreign investment patterns, South Korea has emerged as the third-largest investor in Indonesia for the second quarter of 2024, outpacing both the United States and Japan, according to recent government data. The Indonesian Investment Ministry reported that foreign direct investment (FDI) in the country reached [...]
BUSAN, Jul. 31 (Korea Bizwire) – The coastal city of Busan, South Korea, is set to launch an innovative program to recycle spent coffee grounds, transforming waste into valuable resources and advancing its circular economy initiatives. City officials announced the plan on July 30, positioning Busan at the forefront of sustainable waste management in the country. [...]
DAEJEON, Jul. 31 (Korea Bizwire) – The Korea Forest Service has designated two new products as innovative solutions for combating forest fires, the Korea Forest Promotion Institute announced on July 29. The products, a solid fire extinguishing agent and a fire retardant, were developed by Daemyung Hitech Co., Ltd. through the Forest Science and Technology Commercialization [...]