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Stray Kids to Release New album ‘Karma’ in Aug.

Stray Kids to Release New album ‘Karma’ in Aug.

SEOUL, July 25 (Korea Bizwire) — K-pop boy group Stray Kids will release their fourth full-length album, “Karma,” next month, JYP Entertainment said Friday. The album, set for a 1 p.m. release on Aug. 22, marks their first full-length project since the chart-topping “5-Star” in June 2023. To build anticipation, the agency unveiled a futuristic [...]

Park Chan-Wook’s ‘No Other Choice’ To Compete At Venice Film Festival

Park Chan-Wook’s ‘No Other Choice’ To Compete At Venice Film Festival

SEOUL, July 22 (Korea Bizwire) — Director Park Chan-wook’s “No Other Choice” has been officially invited to compete for the prestigious Golden Lion at this year’s Venice International Film Festival. The announcement was made Tuesday during a livestream revealing the 21 films in the main competition section. The acclaimed director’s latest film is the first [...]

K-pop Album Exports and Sales Decline Sharply in First Half of 2025, Raising Industry Concerns

K-pop Album Exports and Sales Decline Sharply in First Half of 2025, Raising Industry Concerns

SEOUL, July 22(Korea Bizwire) — South Korea’s K-pop industry is facing mounting concerns as both album exports and sales declined in the first half of 2025, signaling a broader slowdown in a market once considered resilient to global economic headwinds. Even Japan — historically K-pop’s strongest overseas market — saw reduced import volumes, prompting calls for [...]

K-Wave Fuels Global Surge in Secondhand Exports from Korea

K-Wave Fuels Global Surge in Secondhand Exports from Korea

SEOUL, July 21 (Korea Bizwire) — As Korean pop culture continues to captivate global audiences, secondhand K-pop merchandise is experiencing a dramatic surge in international demand, driving a new wave of “reverse direct-to-consumer” sales from South Korea to overseas buyers. According to Bunjang, a leading Korean secondhand marketplace, the platform’s global transaction volume in the first [...]

Netflix Forecasts Record $45.2 Billion Revenue as Korean Content Surges Globally

Netflix Forecasts Record $45.2 Billion Revenue as Korean Content Surges Globally

SEOUL, July 18 (Korea Bizwire) — Netflix is poised to generate up to 62.9 trillion won ($45.2 billion) in revenue this year—more than triple the total revenue of South Korea’s entire broadcasting industry in 2023, which stood at 18.8 trillion won. The surge reflects the platform’s accelerating global dominance and the rising popularity of Korean [...]

Korean Dessert Cafe Chain Sulbing To Enter Philippine Market This Year

Korean Dessert Cafe Chain Sulbing To Enter Philippine Market This Year

SEOUL, July 15 (Korea Bizwire) — Sulbing Co., a South Korean dessert cafe chain, said Tuesday it plans to enter the Philippine market this year as part of its overseas expansion strategy. Sulbing has signed a master franchise (MF) agreement with Beyond Bingsu Cafe Inc., an affiliate of Philippines’ Fredley Group of Companies, to open [...]

Genesis’ G90 Chosen As Official Vehicle For Kuwaiti Interior Ministry

Genesis’ G90 Chosen As Official Vehicle For Kuwaiti Interior Ministry

SEOUL, July 14 (Korea Bizwire) — Genesis, the independent luxury auto brand of Hyundai Motor Group, said Monday its flagship G90 sedan has been selected as the official vehicle for events and protocol duties of Kuwait’s interior ministry. The decision, which involves the use of 47 G90 units, reflects the Kuwaiti government’s high confidence in [...]

NCT Dream To Drop Studio Album With Time-Travel Concept

NCT Dream To Drop Studio Album With Time-Travel Concept

SEOUL, July 14 (Korea Bizwire) — Nicknamed a “storytelling powerhouse” for its ability to craft cohesive narratives across albums and music videos, K-pop group NCT Dream will release its fifth full-length album Monday, themed around time travel. Inspired by the hit 1980s Hollywood film series “Back to the Future,” the album follows the boy group’s [...]