SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s gaming industry saw a stark divide in financial performance for 2024, with companies’ fortunes hinging on the success of their overseas ventures. While Nexon and Krafton cemented their dominance, NCSoft faced restructuring, and Netmarble showed signs of recovery after years of losses. According to year-end earnings reports released [...]
SEOUL, Feb. 13 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering (HD KSOE) unveiled a nuclear-powered container ship model featuring small modular reactor (SMR) technology at the Houston Marine Nuclear Summit on February 12, the company announced on February 13. Unlike conventional vessels, nuclear-powered ships do not require exhaust systems or fuel tanks, a design [...]
SEOUL, Feb. 13 (Korea Bizwire) — As South Korean semiconductor manufacturers pivot toward high-bandwidth memory (HBM) chips in the artificial intelligence era, they face mounting uncertainties from aggressive Chinese competition and potential tariffs threatened by U.S. President Donald Trump. While analysts suggest that tariff impacts may be limited given the relatively small share of semiconductor exports [...]
SEOUL, Feb.12 (Korea Bizwire) — The government said Wednesday it seeks to amend a law to place teachers with mental disorders on compulsory leave, following a fatal stabbing of an 8-year-old student by a school teacher that shocked the nation this week. Education Minister Lee Ju-ho announced the plan during a meeting of top education [...]
SEOUL, Feb. 12 (Korea Bizwire) — Samsung Electronics has launched a new 55-inch OLED TV equipped with advanced artificial intelligence (AI) capabilities, the company announced on February 12. The latest model, part of Samsung’s 2025 TV lineup, integrates a suite of AI-driven features designed to enhance user convenience, home automation, and entertainment experiences. A standout feature, [...]
SEOUL, Feb. 12 (Korea Bizwire) — The Korea Transportation Safety Authority (KTSA) reported on February 11 that approximately 70% of elderly drivers felt they received more courteous treatment and right-of-way considerations from other drivers after displaying “Senior Driver” signs on their vehicles. The initiative, launched in September last year in Busan, aimed to promote a more [...]
SEOUL, Feb. 11 (Korea Bizwire) — Faced with the worst economic downturn in 21 years, South Korean consumers are increasingly turning to supermarkets over big-box retailers, preferring to buy necessities in smaller quantities rather than bulk purchases. According to data from Statistics Korea and industry sources, total retail sales fell by 2.2% in 2024, marking [...]
SEOUL, Feb. 10 (Korea Bizwire) — Privacy watchdogs and government agencies are raising alarms about DeepSeek, a Chinese artificial intelligence platform, amid reports of extensive data collection practices. However, tech enthusiasts and small businesses are increasingly turning to the platform’s open-source models as an alternative. According to DeepSeek’s privacy policy released on February 9, the platform [...]
SEOUL, Feb. 10 (Korea Bizwire) — Until the late 1990s, the gray uniforms of Daewoo Motors workers in Bupyeong, Incheon, were a symbol of pride. These “Daewoo men” were welcomed everywhere in town, representing not just local economic vitality but South Korea’s industrial might. That era came to an abrupt end when Daewoo Motors defaulted in [...]
SEOUL, Feb. 10 (Korea Bizwire) — A growing number of young couples in South Korea are breaking from traditional wedding customs, choosing efficiency and personal meaning over long-established practices that some view as outdated or burdensome. Take Oh, 29, who recently decided to skip the customary bouquet toss at her wedding. “I was concerned about the [...]