SEOUL, June 5 (Korea Bizwire) — South Korea’s Fair Trade Commission (FTC) announced Wednesday that it will formalize and publicly disclose criteria for identifying online shopping platforms that receive frequent consumer complaints, in a bid to improve transparency and strengthen consumer protection. Under the proposed regulation — titled Rules on Disclosure of Online Retailers with [...]
SEOUL, June 3 (Korea Bizwire) — As South Korea’s tech sector transitions from digital transformation (DX) to what many now call “AI transformation” (AX), major system integration (SI) companies are rapidly deploying generative AI across their development operations—redefining the core of enterprise software engineering. Leading the charge is LG CNS, which recently upgraded its AI coding [...]
SEOUL, June 2 (Korea Bizwire) – South Koreans are turning to the familiar voice of G-Dragon to soundtrack their commutes, according to a new analysis of music streaming habits on Melon, the country’s leading audio platform. Melon revealed Monday that the Big Bang frontman’s tracks were the most streamed by users during weekday commuting hours—specifically [...]
SEOUL, June 2 (Korea Bizwire) — Spending on pet care services and products in South Korea has surged by 30% over the past three years, with the fastest growth driven by consumers aged 60 and older, according to a new report released by KB Kookmin Card. The analysis, based on 24.85 million card transactions by 3.54 [...]
SEOUL, June 2 (Korea Bizwire) — LG Electronics announced the launch of its latest Whisen AI System Air Conditioner, equipped with advanced radar sensors and upgraded artificial intelligence (AI) capabilities designed to enhance comfort, energy efficiency, and user experience in both residential and commercial settings. The new model features an “AI Wind” function that autonomously analyzes [...]
SEOUL, May 31 (Korea Bizwire) — Parking issues remain the leading source of frustration for apartment dwellers in South Korea, according to a new analysis of resident complaints filed through a popular apartment management platform. Apartmenti, a residential service app, revealed Friday that parking-related grievances accounted for 33% of the more than 100,000 complaints submitted [...]
SEOUL, May 31 (Korea Bizwire) — Korean Air announced Friday the release of its first upcycled merchandise using parts from a retired Airbus A380 aircraft, marking a new phase in the airline’s sustainability-driven product line. The carrier introduced two limited-edition items — name tags and golf ball markers — crafted from the fuselage of aircraft [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s economy showed renewed signs of weakness in April, with industrial production, consumption, and investment all posting declines — the first “triple minus” since January — as the impact of new U.S. auto tariffs begins to ripple through key sectors. According to data released Friday by Statistics Korea, [...]
SEOUL, May 30 (Korea Bizwire) — The number of homes in South Korea owned by foreign nationals surpassed 100,000 for the first time in 2024, with Chinese buyers accounting for more than half, according to data released Friday by the Ministry of Land, Infrastructure and Transport. As of December 2024, foreigners owned 100,216 residential properties across [...]
SEOUL, May 30 (Korea Bizwire) — Foreign residents in South Korea will soon find it easier to access non-bank financial services through mobile and online platforms, as the government expands its real-time ID verification system beyond the traditional banking sector. On Friday, the Ministry of Justice and the Korea Financial Telecommunications & Clearings Institute announced [...]