SEOUL, May 31 (Korea Bizwire) — The global gene therapy market is projected to soar to $36.6 billion (approximately 50 trillion won) by 2032, growing at a compound annual rate of 19.4%, according to a report released by the Korea Biotechnology Industry Organization on Thursday. Citing research from U.S. market analysis firm MarketsandMarkets, the report [...]
SEOUL, May 31 (Korea Bizwire) — Korean Air announced Friday the release of its first upcycled merchandise using parts from a retired Airbus A380 aircraft, marking a new phase in the airline’s sustainability-driven product line. The carrier introduced two limited-edition items — name tags and golf ball markers — crafted from the fuselage of aircraft [...]
SEOUL, May 31 (Korea Bizwire) — The accelerating shift from traditional pay TV to online streaming platforms is deepening South Korea’s cord-cutting trend, as the number of pay TV subscribers continued to decline in the second half of 2024. According to a report released Thursday by the Ministry of Science and ICT, the total number [...]
SEOUL, May 30 (Korea Bizwire) — South Korea’s economy showed renewed signs of weakness in April, with industrial production, consumption, and investment all posting declines — the first “triple minus” since January — as the impact of new U.S. auto tariffs begins to ripple through key sectors. According to data released Friday by Statistics Korea, [...]
SEOUL, May 30 (Korea Bizwire) — The number of homes in South Korea owned by foreign nationals surpassed 100,000 for the first time in 2024, with Chinese buyers accounting for more than half, according to data released Friday by the Ministry of Land, Infrastructure and Transport. As of December 2024, foreigners owned 100,216 residential properties across [...]
SEOUL, May 30 (Korea Bizwire) — Foreign residents in South Korea will soon find it easier to access non-bank financial services through mobile and online platforms, as the government expands its real-time ID verification system beyond the traditional banking sector. On Friday, the Ministry of Justice and the Korea Financial Telecommunications & Clearings Institute announced [...]
SEOUL, May 30, 2025 (Korea Bizwire) — The number of South Koreans enrolling in government-run smoking cessation clinics has halved over the past decade, while quit rates have also dropped significantly — raising concerns about waning public engagement with anti-smoking efforts. According to new data from the Ministry of Health and Welfare and the Korea [...]
SEOUL, May 30 (Korea Bizwire) — Smoking-related deaths in South Korea exceeded 70,000 in 2022, with the associated socioeconomic costs reaching 13.6 trillion won (approximately $10 billion), according to new government data released Friday. The Korea Disease Control and Prevention Agency (KDCA) said the figures were derived from an analysis of cohort studies and national mortality [...]
SEOUL, May 30 (Korea Bizwire) — A new study suggests that students from higher socioeconomic backgrounds in South Korea are significantly more likely to take multiple gap years (“N-sus”) and enter university through standardized test-based admissions — raising concerns that recent reforms aimed at fairness may be deepening educational inequality. According to a report published [...]
SEOUL, May 30 (Korea Biawire) — South Korea’s declining school-age population has led to a steady drop in university enrollment, with vocational and technical colleges bearing the brunt of the demographic shift. In response, universities are increasingly recruiting nontraditional students — including adult learners and international students — to fill empty seats, a new government [...]