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Catastrophic Medical Expenses Rise for Second Year in South Korea, Disproportionately Affecting Low-Income Households

SEOUL, June 23 (Korea Bizwire) — The share of South Korean households burdened by catastrophic medical expenses—those that exceed 40 percent of a household’s ability to pay—rose for the second consecutive year, according to new government data, highlighting widening healthcare inequality despite improvements in overall access to treatment. A joint report released Saturday by the Korea [...]

Korean Platforms Tighten Content Rules as Extremist Speech and Criminal Plots Surge Online

SEOUL, June 23 (Korea Bizwire) — As online platforms in South Korea face growing scrutiny over the spread of extremist speech and criminal activity, major tech firms are stepping up content moderation policies—even amid concerns over free speech and algorithmic overreach. Naver’s streaming platform, Chzzzik, recently restricted access to a broadcaster’s channel after the streamer made [...]

LG Energy Solution Launches First European Battery Tech Talent Drive in Frankfurt

SEOUL, June 22 (Korea Bizwire) — In a bid to bolster its global R&D capabilities, South Korea’s LG Energy Solution held its first-ever European edition of the Battery Tech Conference (BTC) this week in Frankfurt, Germany, drawing top science and engineering talent from across the continent. The BTC, LG Energy Solution’s flagship global recruitment initiative, aims [...]

South Korea to Approve Over 18,000 New Foreign Worker Permits in July Amid Expanding Job Categories

SEOUL, June 23 (Korea Bizwire) — South Korea’s Ministry of Employment and Labor announced Saturday that it will accept applications for new employment permits for foreign workers from July 7 to 18 through local labor offices nationwide, as part of the country’s third-round quota for 2025. A total of 18,054 foreign workers will be newly authorized [...]

SK Group Unveils Bold AI Push with South Korea’s Largest AI Data Center in Ulsan

SEOUL, June 23 (Korea Bizwire) — South Korea’s SK Group is embarking on what it calls its “fourth quantum leap,” leveraging artificial intelligence to transform its industrial footprint through a landmark AI data center in Ulsan—marking a new chapter in the conglomerate’s seven-decade history of strategic pivots. The company, which began in textiles in 1953 before [...]

HD Hyundai Accelerates U.S. Expansion with Strategic Shipbuilding Partnership

SEOUL, June 22 (Korea Bizwire) — South Korea’s HD Hyundai has entered into a strategic partnership with a major U.S. shipbuilder, signaling deepening cooperation between the two allies in the wake of President Donald Trump’s re-election and renewed emphasis on domestic industrial revival. The company announced Saturday that it signed a comprehensive agreement with Edison Chouest [...]

KOSPI Surges Past 3,000 as Investors Eye Domestic Policy Plays Amid Global Uncertainty

SEOUL, June 21 (Korea Bizwire) — South Korea’s benchmark KOSPI index surged past the 3,000 mark for the first time in three and a half years this week, fueling investor interest in sectors poised to benefit from President Lee Jae-myung’s economic agenda amid intensifying global volatility driven by renewed U.S. protectionism under President Trump. Analysts attribute [...]

CDMO, New Drugs, and Organoids: Korea’s Biotech Strategy Unfolds at BIO USA

BOSTON, June 21 (Korea Bizwire) — South Korea solidified its standing as a global biotech powerhouse at this year’s BIO International Convention (BIO USA), the world’s largest biotechnology exhibition, which concluded Wednesday in Boston. With over 1,300 Korean delegates—the most from any overseas nation for the third consecutive year—South Korea’s presence reflected both its scientific [...]

Rare Albino Narrow-Mouthed Toad Discovered in South Korea, Raising Alarms Over Climate Threats to Biodiversity

DAEJEON, June 21 (Korea Bizwire) — A rare albino narrow-mouthed toad (commonly known in Korea as maengkkongi) has been discovered in Daejeon, marking only the second confirmed case of its kind ever recorded in South Korea. The finding was announced by Moon Kwang-yeon, director of the Korean Herpetological Society, who observed the white-skinned, red-eyed amphibian on [...]