SEOUL, Dec. 5 (Korea Bizwire) – When Choo Shin-soo, one of South Korea’s most successful Major League Baseball players, recently addressed longstanding rumors about avoiding national team duty after receiving a military service exemption, his explanation that “the team opposed it” did little to quell public criticism. Despite his distinguished 16-year career in American baseball, online [...]
SEOUL, Dec. 4 (Korea Bizwire) – South Korea witnessed an unprecedented moment in its democratic history on December 4, as President Yoon Suk-yeol’s declaration of martial law and its subsequent annulment by the National Assembly were live-streamed and widely shared on social media, condensing 155 minutes of high-stakes political tension into a nationwide spectacle. The rapid [...]
SEOUL, Dec. 2 (Korea Bizwire) – South Korea can no longer consider itself immune to the global scourge of academic “paper mills,” as a growing number of international students at Korean institutions have been found using these fraudulent services to fabricate research credentials, according to a new report. The National Research Foundation of Korea (NRF) revealed [...]
INCHEON, Nov. 30 (Korea Bizwire) – Incheon, a metropolitan city on South Korea’s west coast, has recorded the nation’s highest birth rate growth in 2024, buoyed by bold pro-family policies. The city announced on November 29 that 11,326 babies were born in Incheon between January and September, an 8.3% increase compared to the same period in [...]
SEOUL, Nov. 29 (Korea Bizwire) – Samsung Electronics is expected to announce a significant reduction in its executive ranks during its upcoming annual leadership reshuffle scheduled for November 29. Among the most notable changes, around 100 executives from the semiconductor division (DS) are set to retire—a move that marks an unprecedented level of departures in [...]
SEOUL, Nov. 29 (Korea Bizwire) – Two decades after their introduction to South Korea, Private Equity Funds (PEFs) have transformed from behind-the-scenes investors into influential powerbrokers wielding control over industries ranging from heavy manufacturing to fast-food chains. These once-reclusive investors, who previously surfaced only for occasional mega-mergers, now command a significant presence across South Korea’s business landscape, [...]
SEOUL, Nov. 29 (Korea Bizwire) – Despite the government’s initiatives to boost corporate value, the return on equity (ROE) of South Korea’s top companies has plummeted over the past three years, with average ROE nearly halving. ROE, a critical metric for evaluating value enhancement, measures net income relative to shareholder equity, reflecting how effectively a [...]
SEOUL, Nov. 28 (Korea Bizwire) – Samsung is reinforcing its management structure to address challenges stemming from the downturn in its semiconductor business, which has contributed to a broader corporate crisis. The move follows a leadership reshuffle in Samsung Electronics’ semiconductor division on November 27 and involves the strategic deployment of trusted executives, including former members [...]
SEOUL, Nov. 28 (Korea Bizwire) – A new report suggests the ASEAN semiconductor industry, traditionally strong in chip packaging, is poised for continued growth as global firms seek to diversify supply chains beyond China amid ongoing U.S.-China competition in the semiconductor sector. The International Trade Research Institute at the Korea International Trade Association reported on November [...]
SEOUL, Nov. 28 (Korea Bizwire) — Hyundai Motor Co. on Thursday introduced a new wearable robot device for industrial workers that increases working efficiency, reducing chances of musculoskeletal injuries. The company’s Robotics Lab, which is operated jointly with affiliate Kia Corp., unveiled the device, named X-ble Shoulder, at a tech day event held at Hyundai [...]