SEOUL, April 11 (Korea Bizwire) — As global tech giants intensify efforts to dominate the humanoid robotics race, South Korea has launched a national consortium of over 40 universities, research institutions, and companies with the goal of becoming a global leader in humanoid technology by 2030. The Ministry of Trade, Industry and Energy (MOTIE) announced [...]
SEOUL, April 10 (Korea Bizwire) — South Korean exporters are bracing for economic turbulence as the United States imposes sweeping reciprocal tariffs, effective April 9. The new trade measures levy a 25% tariff on South Korean exports—casting a shadow over high-performing sectors like K-food, K-beauty, and fashion that have found strong demand in the U.S. market. [...]
SEOUL, April 10 (Korea Bizwire) — A majority of South Korean parents believe they bear responsibility for their adult children’s successes and failures, reflecting the enduring grip of familial duty in a society navigating intergenerational shifts in wealth, education, and independence. According to a 2024 study released Wednesday by the Korea Institute for Health and [...]
SEOUL, April 10 (Korea Bizwire) — Most Seoul residents now view 70 as the threshold of old age, and nearly 9 in 10 support extending the retirement age, according to the latest annual “Seoul Survey” released by the city government on Wednesday. The 2024 edition of the wide-ranging study, which polled 5,000 citizens, found that [...]
SEOUL, April 9 (Korea Bizwire) — Global demand for electric vehicle (EV) batteries rose sharply in the first two months of 2025, driven largely by the continued expansion of China’s battery giants, even as the broader EV market faces a temporary slowdown, often referred to as the “EV chasm.” South Korea’s major battery manufacturers, however, [...]
SEOUL, April 7 (Korea Bizwire) — The explosion of short-form video content on platforms like Instagram Reels and YouTube Shorts may be fueling a surge in smartphone overdependence among young South Koreans, a new academic study has found — prompting calls for greater social and platform accountability in addressing digital addiction. According to research published [...]
SEOUL, April 6 (Korea Bizwire) — In a moment of profound constitutional gravity, South Korea’s Constitutional Court delivered a unanimous verdict to remove former President Yoon Suk Yeol from office, marking the culmination of a tumultuous political saga that has gripped the nation since late 2024. The Court’s 7,200-character decision, publicly read by acting Chief Justice [...]
SEOUL, April 6 (Korea Bizwire) — In the aftermath of former President Yoon Suk-yeol’s impeachment earlier this year, a faction of his staunch supporters has turned against South Korea’s mainstream media, embracing conspiracy theories and fringe platforms as primary sources of information. These supporters, whose political fervor transcends traditional left-right divisions, have vilified journalists at public [...]
SEOUL, April 5 (Korea Bizwire) — The ousting of President Yoon Suk Yeol by South Korea’s Constitutional Court on April 4 has intensified political and societal divisions across the nation. The unanimous decision upheld Yoon’s impeachment over his December 2024 declaration of martial law, citing severe constitutional violations. Yoon’s attempt to deploy military forces [...]
SEOUL, April 3 (Korea Bizwire) — South Korea’s economy will likely face headwinds as the U.S. administration’s plan to impose “reciprocal” tariffs is expected to deal a severe blow to the country’s shipments to the United States, while seriously disrupting the global market that may again adversely affect South Korean exports, local experts said. They [...]