SEOUL, July 23 (Korea Bizwire) — South Koreans report lower satisfaction with domestic travel compared to overseas vacations, primarily due to high local prices and a lack of distinctive tourist content, according to a new survey released by the Korea Economic Research Institute on Monday. The nationwide survey, conducted by Mono Research, polled 1,000 adults [...]
SEOUL, July 23 (Korea Bizwire) — In South Korea, new graduates entering research and development roles earn the highest starting salaries, while those in media and public relations receive the lowest, according to a new analysis by career platform JobPlanet. JobPlanet analyzed 1.42 million salary records collected from employment insurance data and ranked job categories [...]
GIMHAE, South Korea, July 23 (Korea Bizwire) — Gimhae, a city in South Gyeongsang Province with a high concentration of foreign laborers, has opened South Korea’s first virtual reality (VR) industrial safety training facility designed specifically for foreign workers. The new VR center, located at the Gimhae Foreign Workers Support Center, was officially inaugurated on [...]
SEOUL, July 22 (Korea Bizwire) — South Korea’s exchange-traded fund (ETF) market reached a major milestone this week, with the total number of listed ETFs surpassing 1,000 for the first time, signaling accelerating growth in the sector. According to the Korea Exchange (KRX) on Monday, a total of 1,002 ETFs were being traded on the [...]
SEOUL, July 22 (Korea Bizwire) — South Korea’s National Assembly Judiciary Committee on Monday passed a controversial bill that would strip artificial intelligence (AI) digital textbooks of their official status as “textbooks,” reclassifying them instead as general “educational materials.” The move marks a significant challenge to one of former President Yoon Suk Yeol’s flagship education [...]
SEOUL, July 22 (Korea Bizwire) — Hyundai Motor Group’s electric vehicle (EV) exports to the United States plummeted by 88% in the first five months of 2025 compared to the same period last year, reflecting the combined impact of local production ramp-up and sluggish U.S. sales. According to the Korea Automobile & Mobility Association (KAMA), [...]
SEOUL, July 22 (Korea Bizwire) — South Korean authorities have indicted a group involved in the illegal sale of private flight information belonging to BTS and other K-pop celebrities, escalating concerns over persistent privacy violations in the entertainment industry. According to Seoul’s cybercrime police unit on Tuesday, a foreign airline employee identified as “A” was [...]
SEOUL, July 22 (Korea Bizwire) — Samsung Display has demonstrated the exceptional durability of its latest foldable OLED panel, featured in the Galaxy Z Fold7, by successfully completing a rigorous 500,000-fold test conducted by global certification agency Bureau Veritas. In a statement on Tuesday, the company said the panel remained fully functional after being folded [...]
SEOUL, July 22(Korea Bizwire) — South Korea’s K-pop industry is facing mounting concerns as both album exports and sales declined in the first half of 2025, signaling a broader slowdown in a market once considered resilient to global economic headwinds. Even Japan — historically K-pop’s strongest overseas market — saw reduced import volumes, prompting calls for [...]
SEOUL,July 22 (Korea Bizwire) — A new wave of AI-generated “mukbang” (eating broadcast) content is taking South Korea by storm — and splintering public sensibilities in the process. From people consuming lava and jewels to animations of dogs and cats being eaten with chopsticks, the rise of surreal, grotesque food videos is challenging both ethical [...]