SEOUL, Dec. 19 (Korea Bizwire) – China’s TV industry has made a significant leap in the global premium market, with leading brands TCL and Hisense overtaking South Korea’s Samsung Electronics in key segments. According to market research firm Omdia, TCL captured 23% of the 80-inch-and-above TV market in Q3 2024, maintaining its lead over Samsung for [...]
SEOUL, Dec. 19 (Korea Bizwire) – South Korean industry and academia have proposed creating a “KSMC” (Korea Semiconductor Manufacturing Company), modeled after Taiwan’s TSMC, to address challenges facing the nation’s semiconductor industry. The plan, revealed at a seminar held by the National Academy of Engineering of Korea (NAEK) on December 18, aims to build a [...]
SEOUL, Dec. 19 (Korea Bizwire) – With Korean cuisine continuing to gain global popularity, local governments across South Korea are launching food-themed festivals, marking a shift from traditional tourism strategies centered on historical sites and local specialties. These innovative festivals are transforming previously overlooked regions into tourist destinations, drawing hundreds of thousands of visitors and combining [...]
SEOUL, Dec. 18 (Korea Bizwire) – Kioxia Holdings, Japan’s leading NAND flash memory producer and formerly Toshiba Memory, made its debut on the Tokyo Stock Exchange Prime Market on December 18, drawing attention from the global semiconductor industry. The IPO raises questions about shifts in the NAND market, currently dominated by Samsung Electronics and SK Hynix, [...]
SEOUL, Dec. 18 (Korea Bizwire) – LG Electronics, a leader in OLED TVs, is strengthening its premium LCD TV lineup with the introduction of the 2025 LG QNED TV series, showcasing advanced wireless solutions and artificial intelligence (AI)-driven features. The move supports LG’s dual-track strategy to lead the global premium TV market with both OLED and [...]
SEOUL, Dec. 18 (Korea Bizwire) — Samsung Electronics Co. will unveil its new home appliances lineup powered by artificial intelligence (AI) technology at the upcoming CES next month, the company said Wednesday. The lineup, comprising the new Bespoke refrigerator, washer and dryer applied with AI home solutions, will be showcased at CES 2025, set to [...]
SEOUL, Dec. 17 (Korea Bizwire) – BYD, the world’s leading electric vehicle (EV) brand, is set to make its official foray into South Korea’s passenger car market. On December 17, South Korean conglomerate Samchully Group announced that its subsidiary, Samchully EV, has signed an official dealership agreement with BYD Korea to introduce the Chinese automaker’s [...]
SEOUL, Dec. 17 (Korea Bizwire) – A recent study by Woori Financial Group reveals that nearly 60% of South Korea’s Generation X—those born in the 1970s—have not begun preparing for retirement. The findings, published in Woori’s 2024 Trend Report, highlight the financial challenges faced by this generation, many of whom are burdened with supporting both [...]
SEOUL, Dec. 17 (Korea Bizwire) – A new analysis of social media data reveals that South Korean consumers are increasingly adopting cost-conscious spending habits, focusing on low-priced and small-packaged products. This shift reflects a growing emphasis on economic efficiency in response to prolonged inflation. Rising Concerns About Inflation According to KPR Digital Communication Research Institute, [...]
SEOUL, Dec. 17 (Korea Bizwire) – The percentage of South Koreans who play video games has dropped below 60% for the first time in a decade, marking a significant decline from its peak during the COVID-19 pandemic when nearly three-quarters of the population were gaming. According to a new survey released on December 16 by the [...]