SEOUL, Nov. 13 (Korea Bizwire) – As the third quarter of 2024 comes to a close, South Korea’s gaming industry is experiencing a stark divide in financial performance, with companies’ fortunes increasingly dependent on their intellectual property (IP) portfolios, leading major players to adopt divergent strategies for 2025. Industry powerhouses Krafton and Nexon, often considered the [...]
SEOUL, Nov. 13 (Korea Bizwire) – Hot spring bathing in South Korea will soon extend beyond traditional bathhouses to camping and glamping sites, following new regulatory changes approved by the government. The Ministry of the Interior and Safety announced on November 12 that the Cabinet had passed amendments to the Hot Springs Act enforcement decree, aimed [...]
SEOUL, Nov. 13 (Korea Bizwire) – Ford’s bestselling SUV, the Explorer, has made its latest debut in South Korea, with the automaker unveiling The New Ford Explorer at a showcase event held at Some Sevit in Seoul’s Seocho district on November 12. First introduced in North America in 1990 as Ford’s first four-door SUV, the Explorer [...]
LONDON, Nov. 13 (Korea Bizwire) – In the bustling kitchen of Westminster Kingsway College in London, where celebrity chef Jamie Oliver once trained, white-capped chefs moved swiftly between steaming pots and pans, their workstations dotted with Korean staples like doenjang (soybean paste), gochujang (red pepper paste), red pepper powder, and minced garlic. On November 11, eleven [...]
SEOUL, Nov. 13 (Korea Bizwire) – As Bitcoin reaches unprecedented heights globally, an unusual phenomenon has emerged in South Korea: domestic trading prices have fallen below international rates, marking a rare reversal of the nation’s traditionally higher cryptocurrency valuations. According to data from CryptoQuant, a cryptocurrency analytics firm, the Bitcoin Kimchi Premium Index registered at -0.88% [...]
SEOUL, Nov. 13 (Korea Bizwire) – A new government study has revealed stark regional differences in factors affecting South Korea’s declining birth rates, with housing costs being the primary concern in the Seoul metropolitan area while job insecurity drives low fertility rates in other regions. The Korea Research Institute for Human Settlements (KRIHS) released these findings [...]
SEOUL, Nov. 12 (Korea Bizwire) – Convincingly portraying the shift in attitude and mindset of the main character, Gi-hun, was one of the biggest challenges in creating the second season of “Squid Game,” director Hwang Dong-hyuk has said. In the first season, Gi-hun is depicted as “somewhat reckless, childish and immature, often quick to anger, [...]
SEOUL, Nov. 12 (Korea Bizwire) – A new report suggests that South Korean companies should proactively secure logistics infrastructure in the southeastern United States and along the U.S. borders with Canada and Mexico, anticipating these regions’ emergence as key global supply chain hubs under a potential second Trump administration. The Korea Chamber of Commerce and Industry [...]
CHEONAN, Nov. 12 (Korea Bizwire) – The Korea Institute of Industrial Technology (KITECH) announced on November 11 that its researchers have developed a highly sensitive gas sensor capable of monitoring hydrogen sulfide levels to measure food freshness at lower temperatures than existing technologies. Hydrogen sulfide, a toxic gas produced by decomposing protein-rich foods, serves as a [...]
SEOUL, Nov. 12 (Korea Bizwire) – In a major development for South Korea’s entertainment industry, Shinsegae Group, led by Chairman Chung Yong-jin, has announced plans to partner with U.S. entertainment conglomerate Paramount to create a massive international theme park, marking Paramount’s first such venture outside North America. The 4.57 trillion won project, named Star Bay City, [...]