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Archive by category Top News

Google CEO Sundar Pichai Hails Korea as Tech Pioneer, Embraces AI Collaboration with Samsung

SEOUL, May 27 (Korea Bizwire) — Google CEO Sundar Pichai expressed deep admiration for South Korea’s role in global technology innovation and reaffirmed the company’s growing partnership with Korean firms, including Samsung Electronics, in a wide-ranging interview with Korean YouTuber Jocoding released Tuesday. In a nod to the traditional Korea-U.S. alliance motto, Pichai cheerfully declared, “Korea [...]

South Korea’s Youth Population Shrinks as Multicultural Diversity Rises

SEOUL, May 27 (Korea Bizwire) — South Korea’s youth population is shrinking at a rapid pace due to declining birth rates, even as the number of students from multicultural backgrounds continues to rise, according to the Ministry of Gender Equality and Family’s annual Youth Statistics 2025 report released Tuesday. As of this year, the youth population [...]

Trump’s Tariff Threat Puts Samsung in a Bind Over Smartphone Pricing Strategy

SEOUL, May 27 (Korea Bizwire) — A renewed push by U.S. President Donald Trump to impose a sweeping 25% tariff on all foreign-made smartphones, including Samsung’s Galaxy lineup, is stirring deep concern at the South Korean tech giant. The proposed tariffs, expected to take effect as early as next month, are part of Trump’s broader strategy [...]

“We Can’t Afford to Sell Coffee”: Small Cafés Buckle Under Korea’s Delivery Economy

SEOUL, March 27 (Korea Bizwire) — On weekends, 55-year-old Jang Mo clocks into a small dessert café in Seoul not for a paycheck, but for family. She spends 12 hours a day pulling espresso shots, washing dishes, and scrubbing floors—all to support her daughter’s dream of running a successful bakery. But dreams, Jang has learned, [...]

South Korea Leads OECD in Elderly Employment, But Job Quality Remains a Concern

SEOUL, May 27 (Korea Bizwire) — South Korea has the highest employment rate among people aged 65 and older across the OECD, but the quality of jobs available to the elderly remains alarmingly low, driven by insufficient pension income and limited opportunities to leverage their lifelong careers. According to a recent report released by the National [...]

Korean Airlines Expand Exclusive Overseas Routes Amid Rising Industry Competition

SEOUL, May 27 (Korea Bizwire) — As South Korea’s aviation industry braces for structural shifts and intensifying competition, domestic airlines are increasingly pursuing exclusive international routes to differentiate themselves and tap into niche travel markets, industry data shows. As of May 2025, Korean carriers operate 76 international routes without overlap from other domestic airlines — [...]

Demographic Headwinds Deepen South Korea’s Domestic Demand Slump

SEOUL, May 27 (Korea Bizwire) — As South Korea grapples with a prolonged domestic slowdown, economists and policymakers are sounding the alarm over an increasingly potent structural threat: the country’s shrinking and aging population. Already facing stagnating consumer sentiment, high inflation, and global uncertainty, South Korea’s economy is now contending with the compounding impact of demographic [...]

BTS Set to Complete Military Service, Paving Way for Group Comeback in Late 2025 or 2026

SEOUL, May 27, 2025 (Korea Bizwire) — All seven members of global K-pop sensation BTS will have completed their mandatory military service by June 2025, sparking renewed anticipation for a long-awaited group comeback in South Korea and across the global music industry. While Jin and J-Hope have already returned to civilian life, RM and V [...]

KAIST-Led Research Team Develops Breakthrough 3D Virtual Staining Technology for Cancer Diagnosis

DAEJEON, South Korea, May 27 (Korea Bizwire) — An international research team led by KAIST has developed a groundbreaking non-invasive imaging technique that enables three-dimensional observation of cancer tissue without the need for traditional staining or incisions. KAIST announced on May 26 that Professor YongKeun Park’s team in the Department of Physics, in collaboration with [...]

U.S. Sanctions Push Global Shippers to South Korea’s Shipyards, Sidestepping China

SEOUL, May 27, 2025 (Korea Bizwire) — As the United States intensifies its efforts to curb China’s shipbuilding dominance, global shipping giants are increasingly turning to South Korean shipyards for new vessel orders, according to industry sources and reporting by TradeWinds. Germany’s Hapag-Lloyd, the world’s fifth-largest container shipping line, had been considering placing new orders [...]