SEOUL, July 31 (Korea Bizwire) — Over the past year, more than two-thirds of South Korea’s top 50 family-run conglomerates have undergone notable shifts in ownership structure, with approximately 1 trillion won (US$750 million) worth of shares transferred—largely through inheritance and gifts to heirs, signaling a new wave of succession planning. According to corporate tracker [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s tech giants Samsung Electronics and LG Electronics swept top honors at the 2025 Ergonomic Design Awards, hosted by the Ergonomics Society of Korea, with a series of smart home appliances praised for their user-centric design, usability, and innovation. Samsung’s Bespoke AI Dishwasher was named Best of the [...]
SEOUL, July 31 (Korea Bizwire) — Early access to palliative care—not limited to hospice or end-of-life stages—can significantly reduce emergency room visits among cancer patients, according to a new study from Seoul National University Hospital. Unlike hospice care, which is typically reserved for terminal patients with a prognosis of six months or less, palliative care [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s Minister of Health and Welfare, Chung Eun-kyung, has called for stricter regulation of liquid-based e-cigarettes, equating their health risks to those of traditional combustible cigarettes, especially amid rising use among adolescents. In a written response submitted to the National Assembly following her confirmation hearing, Chung emphasized that [...]
SEOUL, July 31 (Korea Bizwire) — As South Korean consumers grapple with rising food prices, ultra-low-cost products priced under 1,000 won are gaining popularity—prompting convenience stores to expand their “super-value” offerings. On July 30, 7-Eleven announced the launch of two canned coffee products, “Seven Select Black Coffee” and “Seven Select Café Latte,” each priced at [...]
WASHINGTON, July 30 (Korea Bizwire) — U.S. President Donald Trump announced a tentative trade agreement with South Korea on Tuesday, stating that the United States will lower its reciprocal tariff rate on Korean goods from 25% to 15% in exchange for a $350 billion investment package from Seoul. In a post on Truth Social following [...]
SEOUL, July 30 (Korea Bizwire) — South Korea’s credit card spending rose sharply in the second quarter of 2025, buoyed by recovering consumer sentiment and optimism over potential economic stimulus measures in the second half of the year. According to data released Wednesday by the Credit Finance Association, total card-approved transactions reached 313 trillion won [...]
UIJEONGBU, South Korea, July 30 (Korea Bizwire) – As South Korea endures an unrelenting heatwave with temperatures nearing 40 degrees Celsius, over 81,000 chickens and pigs have died in Gyeonggi Province alone between July 11 and 25, according to local government data released Wednesday. The fatalities began mounting shortly after heat advisories were issued across [...]
SEOUL, July 30 (Korea Bizwire) — August has emerged as the deadliest month for drowsy driving-related fatalities in South Korea, with the summer vacation season and long-distance travel contributing to a sharp rise in accidents, according to data released Wednesday by the National Police Agency. Between 2020 and 2024, a total of 9,559 drowsy driving [...]
SEOUL, July 30 (Korea Bizwire) — As artificial intelligence advances and electric vehicles become more widespread, South Korea is witnessing the rise of new technology-driven professions—including automotive cybersecurity experts and AI service operations managers, according to a report released Wednesday by the Korea Employment Information Service (KEIS). The newly identified occupations will be included in [...]