SEOUL, Jun. 24 (Korea Bizwire) – As South Korea grapples with a declining birth rate, the country is witnessing a significant demographic shift in its multicultural population. Experts predict a decrease in the proportion of preschool-aged children from multicultural families, while the percentage of middle and high school students, as well as young adults in their [...]
SEOUL, Jun. 24 (Korea Bizwire) – In a country known for its dense population and tight-knit social fabric, a troubling trend is emerging: the proliferation of so-called “No Someone Zones,” areas where certain groups of people are explicitly unwelcome. From “No Kids Zones” in cafes to “No Middle-Aged Women Zones” in gyms, these exclusionary practices are [...]
SEOUL, Jun. 24 (Korea Bizwire) – In a innovative approach to environmental education, 50 schools across Seoul are set to receive AI-powered recycling robots this September, the Seoul Metropolitan Office of Education announced on June 22. The robot, named “Nephron,” uses artificial intelligence to determine whether items are recyclable. When students insert a transparent plastic bottle [...]
SEOUL, Jun. 23 (Korea Bizwire) –Masayoshi Son, the chairman of SoftBank Group, reportedly promised a senior member of Japan’s ruling party that he would take responsibility for making Line Yahoo “Japanese infrastructure,” according to a report by the Mainichi Shimbun newspaper on June 21. The report sheds light on behind-the-scenes discussions between Son and Akira [...]
SEOUL & ROMA, Jun. 23 (Korea Bizwire) – A “Statue of Peace” commemorating victims of wartime sexual slavery was unveiled on the Mediterranean coast of Sardinia on June 22, immediately igniting a diplomatic dispute. The statue, erected in the town of Stintino, faced challenges from its inception, reflecting the ongoing tensions surrounding these memorials worldwide [...]
SEOUL, Jun. 21 (Korea Bizwire) – A dispute over the ownership of a pet dog has revealed conflicting rulings in South Korean courts, leaving the final determination to the nation’s Supreme Court. On June 20, according to legal sources, the Seoul High Court Civil Division overturned a lower court’s ruling in a lawsuit filed by Mr. [...]
SEOUL, Jun. 21 (Korea Bizwire) – The ongoing economic struggles faced by many South Korean households due to high interest rates and inflation have led to a surge in credit card debt, surpassing 40 trillion won last month. Additionally, the use of “balance transfer” loans, which allow borrowers to consolidate debt from one credit card to [...]
DAEGU, Jun. 19 (Korea Bizwire) – A hotel fitness center in Daegu, South Korea, has ignited a controversy after imposing restrictions on members aged 76 and older, citing safety concerns. According to news reports on June 18, a notice posted at the entrance of a four-star hotel’s health club in Bango-dong stated that “due to frequent [...]
SEOUL, June 18 (Korea Bizwire) – The expected entry of China’s BYD Auto Co. into the South Korean consumer electric vehicle (EV) market this year will likely intensify competition within the low-cost segment of the market, which globally has seen a stagnation in growth as of late due to the so-called EV adoption chasm, according [...]
SEOUL, Jun. 17 (Korea Bizwire) – In a bold move that has sparked speculation in South Korea’s e-commerce industry, Coupang, the country’s largest online retailer, has hinted at the possibility of suspending its much-lauded “Rocket Delivery” service. This threat comes in the wake of the company being slapped with a record 140 billion won fine by [...]