SEOUL, May 23 (Korea Bizwire) – South Korea’s tech giants Samsung Electronics and LG Electronics are once again locked in a high-stakes rivalry—this time over the booming market for all-in-one washer-dryers, dubbed by the industry as the “dream appliance.” The latest clash began when Samsung claimed during a media briefing Thursday that it holds a commanding [...]
SEOUL, May 22, 2025 (Korea Bizwire) — After a prolonged slump driven by scandals and user attrition, South Korea’s blockchain gaming industry is showing signs of a robust revival, fueled by new product launches and anticipation of a more favorable regulatory climate under the incoming administration. Nexon, one of South Korea’s largest game developers, officially launched [...]
SEOUL, May 22, 2025 (Korea Bizwire) — A new report warns that South Korea’s manufacturing sector remains disproportionately dependent on foreign demand—particularly from the United States and China—raising concerns about economic vulnerability amid ongoing global trade tensions. According to data released Wednesday by the Korea Employers Federation (KEF), 58.4% of South Korea’s manufacturing GDP in [...]
SEOUL, May 20 (Korea Bizwire) — South Korea’s automobile exports to the United States fell sharply in April 2025, as new U.S. tariffs and a temporary slowdown in electric vehicle demand took a toll on the country’s largest export market for cars. According to data released Tuesday by the Ministry of Trade, Industry and Energy, [...]
SEOUL, May 17, 2025 (Korea Bizwire) — Despite the growing presence of Chinese e-commerce giants like AliExpress and Temu, a majority of South Korean consumers still prefer domestic online platforms for their perceived reliability and product quality—even at higher prices, a government report revealed Friday. According to a report published by the Korea Information Society Development [...]
INCHEON, May 17 (Korea Bizwire) — South Korea has begun construction on a state-funded facility dedicated to advancing animal-free toxicity testing methods, a move that signals the country’s commitment to ethical science, chemical safety, and animal welfare. The Ministry of Environment held a groundbreaking ceremony Thursday at the Korea Environment Corporation headquarters in Seo-gu, Incheon, to [...]
SEOUL,May 15 (Korea Bizwire) — In a bright classroom at Deokseong Girls’ Middle School in central Seoul, students began their first-period social studies lesson not with paper textbooks but with Apple iPads, seamlessly streaming a video on refugees from the Gaza Strip. It was a typical scene in one of South Korea’s pioneering Apple Distinguished [...]
SEOUL, May 14 (Korea Bizwire) — South Korea is ramping up efforts to reduce its reliance on foreign drone technology and establish itself as a global leader in the sector, with the launch of a government-backed drone alliance and five flagship development projects aimed at advancing domestic capabilities. The Ministry of Land, Infrastructure and Transport [...]
SEOUL, May 14 (Korea Bizwire) — A state-funded research institute has recommended the introduction of a “lifestyle registration system” as a necessary first step toward implementing the dual address system promised by Lee Jae-myung, the presidential candidate of the Democratic Party of Korea. In a report released Tuesday, the Korea Research Institute for Human Settlements [...]
SEOUL, May 14 (Korea Bizwire) — Nearly 6 out of 10 South Korean companies report that new employees leave within one to three years of joining, underscoring growing concerns over early attrition in the workforce, according to a new survey released by HR tech firm Incruit. The study, based on responses from 446 HR professionals, found [...]