JEONGSEON, Aug. 26 (Korea Bizwire) – Kangwon Land, South Korea’s only casino open to domestic players, is seeking ways to strengthen its global competitiveness as Japan prepares to open a multibillion-dollar integrated resort in Osaka by 2030 — a development that analysts say could siphon millions of Korean tourists and billions of dollars in spending [...]
SEOUL, Aug. 26 (Korea Bizwire) — A drunken brawl in a neon-lit karaoke bar, a bottle of soju in hand, unfolds to the sound of ABBA’s “Dancing Queen.” It may look like a scene from a Korean drama, but it is in fact from Butterfly, a new American series that wears its Korean influences proudly. [...]
SEOUL, Aug. 26 (Korea Bizwire) — Samsung Electronics said on August 25 that it will begin rolling out a software update next month that applies its One UI operating system to artificial intelligence–powered home appliances, extending the same interface used across its smartphones and TVs into refrigerators, washers, and other connected devices. The update, which [...]
SEOUL, Aug. 26 (Korea Bizwire) — The soaring cost of sanitary pads, a necessity for nearly all women, has become a flashpoint in South Korea, where inflation is squeezing household budgets and driving consumers to seek cheaper alternatives abroad. Major brands such as Bodyfit and Good Feel raised prices by 100 to 900 won (about [...]
SEOUL, Aug. 26 (Korea Bizwire) — Researchers at the Korea Advanced Institute of Science and Technology (KAIST) and the Massachusetts Institute of Technology (MIT) have developed a new fiber-based material that can capture carbon dioxide directly from the air using only small amounts of electricity, potentially lowering the barriers to large-scale deployment of direct air [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea now has one of the highest rates of multiple births in the world, even as its overall fertility rate continues to plunge, according to new research released Monday. A study by the Korea Institute for Health and Social Affairs found that in 2023 South Korea recorded 26.9 [...]
SEOUL, Aug. 26 (Korea Bizwire) — LG Electronics has introduced a new service that transforms televisions into digital art frames, underscoring the company’s push to enrich its webOS platform with cultural and entertainment offerings. The service, called LG Gallery+, was unveiled on Monday and provides access to more than 4,000 works, ranging from masterpieces displayed at [...]
SEOUL, Aug. 26 (Korea Bizwire) — A new breed of company, built on hoarding cryptocurrencies as core assets, is reshaping stock markets from the United States to Japan — and now South Korea. But the meteoric rise of these so-called Crypto Treasury Companies (CTCs) has triggered debate over whether they represent innovative investment vehicles or dangerous [...]
SEOUL, Aug. 25 (Korea Bizwire) — A sweeping change to South Korea’s labor law is already fueling a surge of demands from subcontractor unions, rattling the country’s largest corporations and raising fears of escalating industrial conflict. On August 24, parliament passed the so-called “Yellow Envelope Law,” an amendment to the Trade Union and Labor Relations [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korea’s state-run postal service has suspended most shipments to the United States after Washington moved to impose customs declarations and duties on all small parcels, raising costs and disrupting cross-border trade. On Monday, the Korea Post stopped accepting low-cost airmail parcels bound for the United States. Beginning Tuesday, [...]