YANGGU, Aug. 1 (Korea Bizwire) – In the tranquil town of Yanggu, nestled in the mountains of Gangwon Province, residents are once again grappling with the prospect of their homes being submerged. The announcement of a new dam project has reignited a decades-old conflict, leaving many in this close-knit community feeling betrayed and powerless. “I couldn’t [...]
SEOUL, Aug. 1 (Korea Bizwire) – Over half of South Korea’s leading corporations have failed to launch a single new business venture in the past five years, according to a recent study. Even Samsung Electronics, the country’s largest conglomerate, has not added any new business objectives to its portfolio in the last decade. A report released [...]
SEOUL, Aug. 1 (Korea Bizwire) – In a setback to Samsung Electronics’ ambitious healthcare expansion plans, the tech giant is facing criticism over battery drain issues in its latest smartwatch. This comes on the heels of quality concerns surrounding its Bluetooth earphones, once again putting the company’s product reliability under scrutiny. Reports have emerged of abnormal [...]
SEOUL, July 31 (Korea Bizwire) – A new data-sharing initiative in South Korea has sparked concerns about potential risks to consumer privacy and the competitiveness of domestic businesses. Experts warn that the MyData system, set to be implemented across all sectors by March of next year, could inadvertently lead to the cheap sale of Korean consumer [...]
SEOUL, Jul. 29 (Korea Bizwire) – Lee, a 29-year-old office worker, has decided to cut back on the dawn delivery service she once used once or twice a week. Her decision came after learning about the tragic death of a delivery driver in his 40s who was swept away by floodwaters while making early morning deliveries [...]
SEOUL, Jul. 29 (Korea Bizwire) – The South Korean Ministry of Environment and POSCO DX have joined forces in an innovative environmental, social, and governance (ESG) initiative aimed at reducing wildlife-vehicle collisions on the country’s roads. On July 26, the two entities signed a memorandum of understanding at POSCO DX’s Pangyo office in Seongnam, Gyeonggi Province. [...]
SEOUL, Jul. 26 (Korea Bizwire) – A recent survey conducted by KB Kookmin Card has shed light on South Koreans’ attitudes towards summer vacations, revealing a nation split on the necessity of travel. The study, released on July 25, found that 56.6% of respondents believe “travel is necessary” during the summer break, while 43.4% feel it [...]
SEOUL, Jul. 26 (Korea Bizwire) – In a potential shake-up of its supply chain, Apple is expected to diversify its camera sensor suppliers, ending Sony’s long-standing monopoly in the iPhone’s imaging technology. According to noted Apple analyst Ming-Chi Kuo of TF International Securities, Samsung Electronics could begin supplying image sensors for iPhones as early as 2026. [...]
SEOUL, July 25 (Korea Bizwire) – South Korean tech giant LG Electronics is making significant strides in its subscription-based appliance business and B2B sector, signaling a shift in its long-term strategy. In a conference call on July 25 to discuss second-quarter results, company executives outlined the progress and future plans for these key growth areas. [...]
SEOUL, July 25 (Korea Bizwire) – In a landmark decision, South Korea’s Supreme Court has ruled that drivers for the ride-hailing service Tada should be considered employees under labor law, potentially reshaping the gig economy landscape in the country. The court’s ruling, announced on July 25, applied traditional employment criteria to determine the status of workers [...]