SEOUL, July 16 (Korea Bizwire) — The American Chamber of Commerce in Korea (AMCHAM) held a cybersecurity seminar Wednesday in Seoul, bringing together senior government officials, business leaders and cybersecurity experts to address the growing digital threats in areas of cybersecurity and national security. Under the theme of cybersecurity, participants explored strategic responses to evolving [...]
SEOUL, July 16 (Korea Bizwire) — One in nine South Korean civil servants recently participated in the long-criticized custom of subordinates treating senior officials to meals, underscoring the persistence of outdated hierarchical practices within the public sector despite reform efforts. A joint survey released Friday by the Ministry of the Interior and Safety and the [...]
SEOUL, July 16 (Korea Bizwire) — The share of intra-group transactions among South Korea’s major conglomerates rose sharply in 2023, with nearly 40 percent of their total domestic revenue derived from internal dealings, raising fresh concerns about potential abuses of market power and opaque business practices. According to a report released Monday by corporate research [...]
SEOUL, July 16 (Korea Bizwire) — As South Korea seeks to meet its 2035 carbon reduction targets, the government is considering the wide-scale adoption of heat pumps as a key strategy to cut greenhouse gas emissions in the building sector. But the plan has sparked debate over its practicality, cost, and fit with the country’s [...]
SEOUL, July 15 (Korea Bizwire) — A once out-of-print photo book featuring Korea’s revered Pensive Bodhisattva statues has been reissued in a full revised edition for the first time in two decades, driven by a resurgence of public interest in Buddhism. Minumsa Publishing announced on Monday that it has released new editions of Pensive Bodhisattva—a [...]
DAEJEON, July 15 (Korea Bizwire) — In response to the alarming decline in bee populations due to the climate crisis, residents near Lake Daecheong have joined forces with the Korea Water Resources Corporation and the Energy Transition Haeyou Cooperative to launch a community-driven ecological initiative known as the “Daecheongho Buzzing Bee Restaurant.” The project involves [...]
SEOUL, July 15 (Korea Bizwire) — As scorching summer temperatures push past 35°C, a growing number of Koreans are escaping the heat not on long trips, but inside air-conditioned hotels and resorts — sparking a nationwide boom in “hotelcations” (hotel + vacation). According to the hospitality industry on July 14, early and intense heat has [...]
SEOUL, July 15 (Korea Bizwire) — Apartment sales in Seoul have surged to a record-high share of the housing market in 2024, as concerns over rental fraud and weakening demand for non-apartment housing deepen a long-standing shift toward high-rise units. According to data released July 14 by South Korea’s Ministry of Land, Infrastructure and Transport, [...]
SEOUL, July 14 (Korea Bizwire) — In a surprising twist of fiction-meets-reality, the animated musical film KPop Demon Hunters is now leading a real-world music chart takeover. The U.S.-produced Netflix original, which follows the story of a fictional K-pop girl group battling evil spirits, has delivered a soundtrack that’s anything but imaginary in its impact. [...]
SEOUL, July 14 (Korea Bizwire) — In a narrow alleyway of Ttukdo Market, as a heatwave grips the city, 88-year-old Yoon loads bags of ice onto his scooter. For over five decades, he’s been running one of Seoul’s last remaining traditional ice shops — and now, he may be the very last. Once a thriving [...]