SEOUL, Dec. 17 (Korea Bizwire) – The number of properties auctioned off due to loan defaults in South Korea is on track to hit its highest level in 11 years, reflecting the combined impact of soaring interest rates and a sluggish real estate market. Sharp Rise in Property Auctions Data from the Court Registration Information Plaza [...]
SEOUL, Dec. 16 (Korea Bizwire) –Tesla is poised to claim the second spot in South Korea’s electric passenger car market, overtaking Hyundai Motor (excluding Genesis) for the first time since entering the market in 2017. Despite challenges such as slowing demand for EVs and a sluggish domestic economy, Tesla has achieved a record milestone of [...]
SEOUL, Dec. 16 (Korea Bizwire) – A domestic AI model has demonstrated remarkable proficiency in South Korea’s notoriously challenging College Scholastic Ability Test (CSAT), achieving a near-perfect score in the Korean language section. According to the ICT industry on December 16, startup MarkerAI tested OpenAI’s models on the 2025 CSAT, with its “o1-Preview” model earning a [...]
SEOUL, Dec. 16 (Korea Bizwire) – South Korea’s Ministry of Unification announced on December 16 a shift in its approach to anti-North Korea leaflet campaigns, emphasizing the need to prioritize national security and the safety of its citizens. The ministry requested that private organizations exercise restraint in distributing propaganda leaflets, signaling a departure from its previous [...]
SEOUL, Dec. 13 (Korea Bizwire) – Amid growing geopolitical and economic uncertainties, including escalating U.S.-China tensions and the anticipated inauguration of Donald Trump’s second term, South Korea’s major corporations are conducting high-level strategy meetings to fine-tune their business plans for 2024. Samsung Electronics to Focus on Core Competitiveness Samsung Electronics will host its biannual Global [...]
SEOUL, Dec. 13 (Korea Bizwire) – Amid disruptions to mobile networks during large-scale protests calling for the impeachment of the president, older smartphones equipped with terrestrial DMB (Digital Multimedia Broadcasting) technology have become unexpectedly essential. The technology, which allows users to watch live broadcasts without relying on mobile networks, is gaining renewed attention for its [...]
SEOUL, Dec. 13 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. said Friday it will launch an “extended reality” (XR) headset jointly developed with Alphabet Inc.’s Google and Qualcomm Inc. in global markets next year. The extended reality headset is part of wearable devices to be powered by the new version of Google’s [...]
SEOUL, Dec. 13 (Korea Bizwire) – South Korean investors are increasingly turning to gold as a safe-haven asset, driven by a combination of domestic political turbulence and international geopolitical tensions. The trend comes as gold prices show signs of rebounding after a brief November dip, bolstered by news of renewed Chinese gold purchases following October’s record [...]
LOS ANGELES, Dec. 13 (Korea Bizwire) – As the gaming industry prepares for The Game Awards (TGA), often called the Oscars of gaming, South Korea’s hopes rest on a single nominee, while Asian developer are making unprecedented gains in the prestigious competition. According to the TGA jury, Stellar Blade, developed by South Korean studio Shift Up [...]
SEOUL, Dec. 13 (Korea Bizwire) – The recent declaration and swift repeal of martial law in South Korea, coupled with political turbulence surrounding President Yoon Suk-yeol, has significantly impacted the entertainment landscape, including the online streaming industry. OTT platforms, typically bustling during the winter peak season, saw a sharp decline in viewer engagement as the nation’s [...]