BUSAN, May 12 (Korea Bizwire) — Art Busan 2025 concluded its four-day run on Sunday, drawing more than 60,000 visitors, including collectors, institutional buyers, and art enthusiasts, according to organizers. Now in its 14th year, the international art fair opened with a VIP preview on May 8 and featured 109 galleries from 17 countries. Despite headwinds from [...]
SEOUL, May 12 (Korea Bizwire) — In a striking turn of events at the 2025 Korean box office, Yadang: The Snitch has overtaken Bong Joon-ho’s Hollywood sci-fi epic Mickey 17 to become the year’s top-grossing film—thanks to a slow-burning surge powered by viewer recommendations and strategic release timing. Mickey 17, one of the most anticipated theatrical [...]
SEOUL, May 12 (Korea Bizwire) — As South Korea grapples with the financial implications of its aging population, the government has released the nation’s first full-scale survey on so-called “dementia money”—the frozen assets held by elderly citizens with dementia—and experts are urging swift action modeled on Japan’s experience. According to the Presidential Committee on Aging Society [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s birthrate continues to decline, but a growing number of unmarried adults now say they still intend to marry—offering a potential, if modest, glimmer of hope in the nation’s battle against population decline. According to a comprehensive 2024 survey released Sunday by the Korea Institute for Health and Social [...]
NEW YORK, May 10 (Korea Bizwire) — Korean artists and galleries made a striking showing at the 2025 edition of Frieze New York, one of the world’s leading contemporary art fairs, which opened its doors for a preview on May 8 at The Shed in Manhattan. This year’s event gathered 65 prominent galleries from around [...]
SEOUL, May 9 (Korea Bizwire) — Newly elected Pope Leo XIV is expected to visit South Korea in 2027 to attend World Youth Day, marking what would be the fourth papal visit to the country and his first as pontiff. If confirmed, the trip would make him the third pope to set foot in South [...]
SEOUL, May 9 (Korea Bizwire) — An increasing number of young South Koreans are withdrawing from society and confining themselves indoors, emerging only at night — a pattern that is raising alarm among mental health professionals, law enforcement, and social policy experts. According to a March 2025 report by the Office for Government Policy Coordination, [...]
SEOUL, May 9 (Korea Bizwire) — South Korean consumers reined in spending on everyday items and luxury goods in the first quarter of 2025, while showing a notable willingness to spend on travel-related expenses, according to new data from mobile analytics platform IGAWorks. The firm’s Mobile Index data, based on estimated credit and debit card transactions [...]
SEOUL, May 8 (Korea Bizwire) — South Korea’s Ministry of Health and Welfare announced plans on Thursdsay to introduce policies supporting childbirth outside of marriage, signaling a potential shift in a country where traditional family structures have long dominated social norms. First Vice Health Minister Lee Ki-il stated during a radio interview on Parents’ Day that [...]
SEOUL, May 7 (Korea Bizwire) — More than half of South Korean adults are experiencing prolonged emotional distress, with widespread perceptions of unfairness fueling rising levels of societal resentment and mental health strain, according to a nationwide survey released by Seoul National University’s Graduate School of Public Health. The study, conducted in April 2025 and involving [...]