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Archive by category Top News

Retail Investors Rush Into Brokerage Stocks Amid Policy Hopes, but Analysts Urge Caution

SEOUL, June 6 (Korea Bizwire) — South Korean brokerage stocks are soaring on renewed optimism over the new administration’s stock market revitalization agenda, fueling a dramatic uptick in leveraged retail investing. But analysts warn that selective, fundamentals-based investment is now essential as market differentiation is expected to intensify. According to data compiled by Yonhap Infomax, credit-based [...]

South Korea Launches National Partnership to Recycle Election Banners into Eco-Friendly Goods

SEOUL, June 6 (Korea Bizwire) — In an ambitious push to curb waste and promote circular economy practices, the South Korean government has joined forces with local governments and private companies to recycle discarded election banners into construction materials, car interiors, and eco-conscious consumer products. The Ministry of the Interior and Safety announced on Thursday [...]

KAIST Successfully Deploys AI Teaching Assistant in Large-Scale University Course

DAEJEON, June 6 (Korea Bizwire) — The Korea Advanced Institute of Science and Technology (KAIST) announced on Thursday that it has successfully implemented an artificial intelligence-powered virtual teaching assistant (VTA) in a large-scale undergraduate course, marking a significant milestone in AI-driven education. The AI assistant, developed by Professors Yoonjae Choi of the Kim Jaechul Graduate [...]

Samsung’s AI Photo Editing Tool Sees Usage Double Among Younger Users

SEOUL, June 6 (Korea Bizwire) — Samsung Electronics reported on Thursday that usage of its AI-powered “Photo Assist” feature has more than doubled compared to last year, driven largely by the growing popularity of social media content creation among users in their teens and 30s. The data, drawn from Galaxy devices over the past three [...]

City of Seoul Unveils First Ordinance to Fortify Cyber Defenses

SEOUL, June 6 (Korea Bizwire) — In a bid to strengthen its defenses against rising cyber threats, the Seoul Metropolitan Government has announced its first-ever ordinance dedicated to cybersecurity, marking a significant step beyond previous administrative regulations. On Thursday, the city officially unveiled a draft of the Seoul Cybersecurity Ordinance, elevating its current cybersecurity protocols [...]

Global Pressure Mounts on Apple and Google Over In-App Payment Fees, Drawing Korean Game Firms Into Legal Battle

SEOUL, June 6 (Korea Bizwire) – Global tech giants Apple and Google are facing intensifying legal and political challenges to their longstanding in-app payment fee policies, prompting a growing number of South Korean game and IT companies to join class action efforts in the United States. According to Wither People, a Seoul-based law firm representing the [...]

Korean Scientists Pioneer First-Ever Direct Measurement of ‘Quantum Distance’ in Breakthrough Study

SEOUL, June 6 (Korea Bizwire) — In a scientific breakthrough with wide-ranging implications for quantum computing and sensing, South Korean researchers have developed the world’s first method for directly measuring “quantum distance,” a fundamental metric in quantum mechanics. The Ministry of Science and ICT announced Thursday that research teams led by Professor Kim Geun-soo of Yonsei [...]

Gangwon Launches Campaign to Protect Pollock Industry and Crack Down on Mislabeling

CHUNCHEON, South Korea, June 5 (Korea Bizwire) — In a bid to stabilize South Korea’s troubled dried pollock (hwangtae) industry, Gangwon Special Self-Governing Province announced on Thursday that it will launch a two-day campaign on June 9–10 to restore order to hwangtae distribution. The initiative will take place at the Jumunjin Traditional Market in Gangneung [...]

ETRI Showcases 6G Breakthroughs and AI Guide Robots at 2025 Tech Conference

SEOUL, June 5 (Korea Bizwire) — From ultra-low latency 6G that links Seoul and Busan in under 5 milliseconds to AI-powered guide robots for the visually impaired, South Korea showcased its next-generation ICT capabilities on Thursday at the ETRI Conference 2025, held at COEX in southern Seoul. The event, organized by the Electronics and Telecommunications [...]

South Koreans Spent Nearly ₩83 Trillion on Fashion in One Year, With 50s Leading the Pack

SEOUL, June 5 (Korea Bizwire) — South Koreans spent a staggering ₩82.9 trillion (approximately $61 billion) on fashion products over the past year, with casual wear topping the list and consumers in their 50s emerging as the most active spenders, according to a nationwide survey released Wednesday. The Korea Federation of Textile Industries reported that [...]