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Humanoid Robots Poised to Lead Manufacturing in Aging Societies, But Energy Hurdles Remain

Humanoid Robots Poised to Lead Manufacturing in Aging Societies, But Energy Hurdles Remain

SEOUL, May 13 (Korea Bizwire) — Humanoid robots are emerging as a key industry of the future in the face of accelerating global aging, but overcoming critical challenges in power efficiency and control systems will be essential for mass adoption, a recent report by KDB Future Strategy Research Institute said. Citing a February 2025 forecast by [...]

South Korea Confronts ‘Dementia Money’ Crisis as Elderly Asset Lock-In Rises

South Korea Confronts ‘Dementia Money’ Crisis as Elderly Asset Lock-In Rises

SEOUL, May 12 (Korea Bizwire) — As South Korea grapples with the financial implications of its aging population, the government has released the nation’s first full-scale survey on so-called “dementia money”—the frozen assets held by elderly citizens with dementia—and experts are urging swift action modeled on Japan’s experience. According to the Presidential Committee on Aging Society [...]

Facing Demographic Freefall, South Korea Drafts Sweeping National Response

Facing Demographic Freefall, South Korea Drafts Sweeping National Response

SEOUL, May 10 (Korea Bizwire) — The South Korean government has begun crafting its Fifth Basic Plan for Low Fertility and Aging Society, a sweeping five-year strategy aimed at countering the nation’s deepening demographic crisis. The new plan, set to take effect in 2026, will replace the current fourth plan that expires this year. At the [...]

Google’s Map Data Request Sparks Security Alarm in South Korea

Google’s Map Data Request Sparks Security Alarm in South Korea

SEOUL, May 9 (Korea Bizwire) — South Korean security and technology experts are raising alarms over Google’s renewed request to export high-resolution digital maps of the country, warning that approval could pose grave national security and economic risks in an era of increasingly drone-based warfare and geopolitical uncertainty. During a policy forum held at the [...]

South Korea Weighs Legal Reforms to Support Non-Marital Births Amid Ongoing Fertility Crisis

South Korea Weighs Legal Reforms to Support Non-Marital Births Amid Ongoing Fertility Crisis

SEOUL, May 8 (Korea Bizwire) — South Korea’s Ministry of Health and Welfare announced plans on Thursdsay to introduce policies supporting childbirth outside of marriage, signaling a potential shift in a country where traditional family structures have long dominated social norms. First Vice Health Minister Lee Ki-il stated during a radio interview on Parents’ Day that [...]

Samsung Bets on Premium Sound With $350M Acquisition of Masimo’s Audio Business

Samsung Bets on Premium Sound With $350M Acquisition of Masimo’s Audio Business

SEOUL, May 7 (Korea Bizwire) — Samsung Electronics Co. said Wednesday that its automotive and audio subsidiary Harman International has signed a deal to acquire U.S.-based Masimo’s audio business for 500 billion won (US$350 million). Under the agreement, Masimo’s high-end audio brands, including Bowers & Wilkins, Denon, Marantz, Polk Audio and Definitive Technology, will join [...]

South Korean Parents of Young Children Spend Far Less on Themselves, Report Finds

South Korean Parents of Young Children Spend Far Less on Themselves, Report Finds

SEOUL, May 7 (Korea Bizwire) —  South Korean households raising infants and toddlers spend significantly less on adult leisure and cultural activities than their childless peers, highlighting the personal sacrifices many parents make in the early years of childrearing. According to a new report released Tuesday by the Korea Institute of Child Care and Education, the [...]

Work Over Family: Young Koreans Prioritize Jobs Amid Shifting Gender Roles and Family Norms

Work Over Family: Young Koreans Prioritize Jobs Amid Shifting Gender Roles and Family Norms

SEOUL, May 6 (Korea Bizwire) — South Koreans in their 20s to 40s increasingly prioritize work over traditional milestones such as marriage, parenthood, and even personal fulfillment, underscoring a profound generational shift in values as the country confronts economic pressure and demographic headwinds. A report released by the National Integration Committee, based on a survey of [...]

Retail Giants Bet Big on Health Supplements Amid Post-Pandemic Wellness Boom

Retail Giants Bet Big on Health Supplements Amid Post-Pandemic Wellness Boom

SEOUL, May 6 (Korea Bizwire) — South Korea’s retail sector is undergoing a transformation, with department stores, convenience chains, e-commerce platforms, and home shopping networks all doubling down on health supplements as a key growth driver in the post-pandemic era. Spurred by the rise of the “Healthy Pleasure” lifestyle — where consumers actively enjoy health management [...]

Activists Face Legal Scrutiny After Cathedral Rooftop Protest as South Korea Reexamines the Legacy of High-Rise Demonstrations

Activists Face Legal Scrutiny After Cathedral Rooftop Protest as South Korea Reexamines the Legacy of High-Rise Demonstrations

SEOUL, May 5 (Korea Bizwire) —  Two disability rights activists affiliated with the Solidarity Against Disability Discrimination (SADD) underwent a pretrial detention hearing on Monday after staging a 15-day rooftop protest atop a Catholic cathedral in Seoul’s Hyehwa-dong neighborhood. They were arrested earlier this month on charges of violating assembly laws after descending voluntarily from the [...]