NEWYORK, July 9 (Korea Bizwire) — Samsung Electronics on Wednesday unveiled its latest generation of foldable smartphones — the Galaxy Z Fold7 and Z Flip7 — in a high-profile global launch event in Brooklyn, New York, touting major upgrades in form factor, artificial intelligence, and user experience. The new devices are significantly thinner and lighter [...]
SEOUL, July 9 (Korea Bizwire) – South Korea’s younger generations are increasingly forgoing car ownership, with new data showing that new vehicle registrations among people in their 20s and 30s have dropped to their lowest levels in a decade. In contrast, older consumers — particularly those in their 60s and 70s — are driving a [...]
SEOUL, , July 8 (Korea Bizwire) — A growing number of young South Koreans are remaining out of the labor force well after graduation, many continuing to live with their parents — a phenomenon known locally as the “Kangaroo Tribe.” A new government-funded study has found that this group accounts for nearly 17% of all economically inactive [...]
SEOUL, July 8 (Korea Bizwire) — South Korea’s pharmaceutical industry is once again under fire as a string of illegal rebate scandals have surfaced in 2025, reigniting calls for structural reform and stronger support for new drug development. Prosecutors recently indicted three mid-sized pharmaceutical companies and their employees in connection with the so-called “residents’ rebate” [...]
JEJU, July 3 (Korea Bizwire) — In a rare opening to the public, South Korean authorities on Saturday unveiled Baekrok Spring, the country’s highest natural spring located near the summit of Mount Hallasan on Jeju Island. Situated at 1,675 meters above sea level, the spring had never before been accessible to civilians due to its remote location [...]
SEOUL, July 4 (Korea Bizwire) — Samsung Electronics will significantly reduce performance bonuses for its semiconductor division in the first half of 2025, reflecting continued weakness in its foundry and NAND flash businesses. According to an internal announcement made on July 4, employees in the Device Solutions (DS) division — responsible for the company’s semiconductor [...]
SEOUL, July 4 (Korea Bizwire) — As Squid Game Season 3 dominates global viewership charts, the series has once again sparked controversy in China, where Netflix is not officially available. Despite the platform’s absence, the latest season has garnered tens of thousands of reviews and ratings on Douban, China’s largest user-generated content site, pointing to [...]
SEOUL, July 1 (Korea Bizwire) — Hanwha Ocean Co. said Tuesday it has been selected as the preferred bidder to construct South Korea’s next-generation icebreaking research vessel, which is expected to significantly enhance the country’s polar exploration capabilities. The shipbuilder was selected as the preferred bidder for the project led by the Ministry of Oceans [...]
SEOUL, July 1 (Korea Bizwire) — South Korea’s two largest electronics giants, Samsung Electronics and LG Electronics, are aggressively expanding their heating, ventilation, and air conditioning (HVAC) businesses in Europe through high-profile acquisitions, aiming to align with the European Union’s carbon-neutral policies and tap into a rapidly growing market. LG Electronics announced this week it has [...]
SEOUL, June 30 (Korea Bizwire) — LG Electronics Inc., South Korea’s leading home appliance maker, said Monday it has acquired a Norwegian hot water storage company to strengthen its foothold in the European air and water heating markets. The company said it acquired a 100 percent stake in OSO Group AS, a firm known for [...]