SEOUL, Jan. 17 (Korea Bizwire) — Shinhan Card, a major South Korean credit card company, unveiled ‘REVIVE’ as its consumer trend keyword for 2025 on January 16, based on an analysis of customer spending and social media data. The REVIVE framework encompasses six key trends: Redefine Festivities, Exploring Identity, Virtual Companions, Integrated Contents Commerce, Value of [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s Ministry of National Defense has announced plans to complete the launch of five reconnaissance satellites under the “425 Project” by sending two additional satellites into orbit this year. This move aims to bolster military surveillance capabilities, enabling near real-time monitoring of key targets in North Korea at [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s Ministry of Culture, Sports and Tourism, in collaboration with the Visit Korea Committee, announced on January 15 the launch of the 2025 Korea Grand Sale, the largest edition to date. The event will run until February 28, aiming to attract foreign tourists during the off-peak winter season [...]
SEOUL, Jan. 16 (Korea Bizwire) — The South Korean government announced on January 15 its most significant reduction in data wholesale prices in a decade as part of its 2025 telecommunications policy aimed at strengthening the competitiveness of budget mobile carriers. The Ministry of Science and ICT revealed that the wholesale data rate, which budget [...]
SEOUL, Jan. 16 (Korea Bizwire) — The Ministry of Environment announced on January 15 that it has revised guidelines to extend government support for the removal of asbestos-containing slate roofing to small facilities serving the elderly and children. Slate roofing materials, which were widely used in the 1960s and 1970s, contain 10-15% asbestos, a Class 1 [...]
SEOUL, Jan. 16 (Korea Bizwire) — The number of companies in which South Korea’s National Pension Service (NPS) holds stakes of 5% or more has decreased by 14 over the past year, according to a new analysis. CEO Score, a corporate research firm, reported on January 15 that the number of listed companies with NPS stakes [...]
SEOUL, Jan. 15 (Korea Bizwire) — The South Korean government unveiled new measures on Wednesday to bolster the competitiveness of eco-friendly vehicles and secondary batteries, focusing on expanding electric vehicle (EV) charging infrastructure and extending highway toll discounts for electric and hydrogen vehicles. As part of this initiative, the government plans to introduce medium-speed EV chargers [...]
SEOUL, Jan. 15 (Korea Bizwire) — In a significant shift, South Korea’s Presidential Security Service (PSS) facilitated the execution of a second arrest warrant for President Yoon Suk-yeol on January 15, signaling a marked departure from its earlier stance. This cooperation contrasts starkly with the events of January 3, when PSS agents and soldiers from the [...]
SEOUL, Jan. 15 (Korea Bizwire) — South Korea’s standard agency said Wednesday it plans to enhance safety surveillance of products sold on overseas shopping platforms amid soaring direct purchases made by local consumers. Under the plan, the country will monitor the safety of 1,000 products sold on major overseas platforms this year, sharply up from [...]
SEOUL, Jan. 15 (Korea Bizwire) — The state arms procurement agency has kicked off a project to renovate the Navy’s 4,400-ton warships with homegrown technology for enhanced efficiency in operating the fleet, officials said Wednesday. A meeting to discuss details of the upgrade for the Chungmugong Yi Sun-sin-class destroyers took place at the office of [...]