SEOUL, Sept. 14 (Korea Bizwire) – A public controversy has erupted in South Korea over the use of Seoul World Cup Stadium, pitting soccer fans against K-pop enthusiasts in a debate that highlights the challenges of maintaining world-class sports facilities while accommodating the country’s booming entertainment industry. The dispute was sparked by complaints from the national [...]
SEOUL, Sept. 13 (Korea Bizwire) – A new social media phenomenon is sweeping across South Korea, with young adults eagerly accessing and sharing their school records online in a wave of nostalgic self-reflection. The trend, particularly popular among the so-called MZ generation (Millennials and Gen Z), involves individuals retrieving their elementary, middle, and high school records [...]
SEOUL, Sept. 13 (Korea Bizwire) – YouTube’s new feature allowing vertical live video broadcasts is drawing criticism for exposing users to potentially harmful content without adequate safeguards. The video-sharing platform introduced the vertical live streaming service last year, building on the popularity of its short-form video feature, Shorts. The new format allows creators to broadcast live [...]
SEOUL, Sept. 13 (Korea Bizwire) – The Korea Meteorological Administration (KMA) announced on September 11 that La Niña conditions are likely to develop this fall, following the dissipation of El Niño last May. According to the KMA’s analysis of El Niño-Southern Oscillation (ENSO) prediction models, sea surface temperatures in the monitored Pacific regions are gradually decreasing. [...]
SEOUL, Sept. 13 (Korea Bizwire) – A recent study has revealed that 27 non-owning executives of South Korean companies with market capitalizations exceeding 2 trillion won hold stock wealth valued at over 10 billion won each, highlighting a growing trend of wealth accumulation among professional managers in the country’s booming tech sector. The Korea CXO Institute, [...]
SEOUL, Sept. 13 (Korea Bizwire) – Naver, the South Korean internet giant, is set to collaborate with Saudi Arabia’s Data and Artificial Intelligence Authority (SDAIA) to develop a large language model (LLM) based on Arabic, marking a significant step in the company’s Middle Eastern expansion strategy. On September 10, during the three-day Global AI Summit conference [...]
ULJU, Sept. 13 (Korea Bizwire) – The 9th Ulsan Ulju World Mountain Film Festival, set to run from September 27 to October 1, is poised to attract a star-studded lineup of international directors, actors, and mountaineers to this industrial city in southeastern South Korea. The festival’s opening ceremony will be hosted by television personality Jo Woo-jong [...]
ANDONG, Sept. 13 (Korea Bizwire) – The 2024 Andong International Mask Dance Festival, a prestigious cultural event that aims to unite people from around the world, is set to take place in Andong, North Gyeongsang Province, from September 27 to October 6. This year’s festival, designated as an honorary representative cultural tourism event of South Korea, [...]
SEOUL, Sept. 12 (Korea Bizwire) –In a surprising turn of events, the popular K-pop girl group NewJeans has issued an ultimatum to their management company HYBE and its chairman Bang Si-hyuk, demanding the reinstatement of former CEO Min Hee-jin by September 25. This bold move has led industry insiders to speculate about the possibility of [...]
SEOUL, Sept. 12 (Korea Bizwire) –Lotte Asahi Liquor, a prominent player in South Korea’s beverage industry, announced on September 12 that it will officially launch its premium beer Asahi Shokusai in the Korean market on September 24. This move comes after a limited release earlier this spring that garnered significant attention from beer enthusiasts. [...]