SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s long-term unemployment has climbed to its highest level in four years, driven largely by a surge in jobless young adults with university degrees, according to new government data released Sunday. The number of people who searched for work for more than six months but failed to secure a [...]
SEOUL, Nov. 17 (Korea Bizwire) — Many South Korean fathers envision themselves as warm, engaged, “friend-like” parents before having children. But once parenting begins, most find themselves becoming something very different: busy, tired, and time-starved. A new survey released Sunday by the Korea Population, Health and Welfare Association, KoPHWA) shows a wide gap between the fathers [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korean retailers are increasingly turning to character-based intellectual property to differentiate products and drive sales, with convenience stores and department stores intensifying competition through collaborations with popular global and domestic characters. According to industry data released Friday, convenience stores saw sharp sales gains during this year’s Pepero Day shopping [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korean biotechnology firms are securing multibillion-dollar licensing deals at a rapid pace, underscoring the rising global competitiveness of the country’s drug-development platforms. According to industry data released Sunday, ABL Bio recently signed a technology-transfer agreement with Eli Lilly for its “GrabBody” bispecific antibody platform, a deal worth up to [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea plans to impose stricter disclosure requirements on listed companies’ executive compensation and expand access to shareholder voting information, in a move aimed at improving market transparency and strengthening investor rights, the Financial Services Commission (FSC) announced Sunday. Under the reform package — titled Measures to Improve Corporate Disclosure [...]
SEOUL, Nov. 17 (Korea Bizwire) — Samsung Electronics’ spending on mobile application processors (APs) has surged to an unprecedented level this year, approaching 11 trillion won (US$8.1 billion) amid sharp increases in global memory prices—intensifying pressure on the company’s smartphone division and accelerating its shift toward greater use of in-house chips. According to Samsung’s third-quarter regulatory [...]
SEOUL, Nov. 17 (Korea Bizwire) — Natural gas prices have surged to their highest level in nearly three years, lifting related exchange-traded notes (ETNs) while exposing South Korean retail investors to mounting losses after many bet on the market moving in the opposite direction. Between Nov. 1 and 14, nine of the ten best-performing ETNs in [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s electric vehicle market has hit a symbolic milestone, surpassing 200,000 new registrations in a single year for the first time — a development officials say signals the end of a three-year slump. The Climate, Energy and Environment Ministry said Sunday that 200,650 new EVs were registered as of [...]
SEOUL, Nov. 17 (Korea Bizwire) — LG Display is set to supply ultra-large vehicle displays for Mercedes-Benz’s upcoming electric vehicle lineup, solidifying what both companies describe as a deepening “innovation partnership” in the fast-growing automotive electronics sector. According to industry officials on Sunday, LG Display will provide a 40-inch display for the 2026 Mercedes-Benz GLC EV, [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s Nuri rocket is set to lift off before dawn on Nov. 27 carrying 13 satellites, a diverse payload that underscores the country’s expanding ambitions in science, commercial space ventures and next-generation technology. According to the Korea Aerospace Research Institute (KARI), the fourth Nuri launch will carry the 516-kilogram [...]