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Archive by category Top News

LG Electronics Showcases Advanced Traffic Safety Technology at Berlin Mobility Conference

SEOUL, Oct. 27 (Korea Bizwire) – LG Electronics demonstrated its proprietary Soft V2X traffic safety solution at the 5G Automotive Association (5GAA) conference in Berlin from October 21-24, showcasing technology aimed at advancing future mobility solutions. The company, a founding member of 5GAA alongside industry leaders like Mercedes-Benz, BMW, General Motors, Vodafone, Deutsche Telekom, Commsignia, and [...]

K-pop Concert at World Cup Stadium Caused 240 Million Won in Damage to Field, Report Shows

SEOUL, Oct. 27 (Korea Bizwire) – A K-pop concert held during last year’s World Scout Jamboree caused significant damage to Seoul World Cup Stadium’s playing surface, requiring nearly 240 million won in repairs, according to a new report. Documents obtained from the Seoul Facilities Corporation by Democratic Party lawmaker Wi Seong-gon reveal that the August 11 [...]

Tensions Rise as North Korean Loudspeakers Push South Korean Border Villages to the Brink

SEOUL, Oct. 26 (Korea Bizwire) – Residents of three South Korean villages near the heavily fortified border with North Korea have reached their breaking point after enduring more than 20 days of relentless psychological warfare, with North Korean loudspeakers blasting propaganda and disturbing sounds day and night since September 28. The conflict escalated after an organization [...]

Jeju Civic Groups Protest Revival of Traditional Fire Festival, Citing Climate Concerns

JEJU, Oct. 26 (Korea Bizwire) – A contentious ordinance to restore a traditional fire-setting ritual at Jeju’s Fire Festival has sparked fierce opposition from environmental groups, who are urging the provincial governor to veto a measure passed by the local council. On October 25, a coalition of 19 civil society organizations and political parties, known as [...]

Starbucks Faces Global Headwinds as Sales Slump, Withdraws 2025 Forecast

SEOUL, Oct. 25 (Korea Bizwire) – In a sign of mounting challenges for the world’s largest coffee chain, Starbucks has withdrawn its fiscal 2025 outlook amid declining sales and profitability concerns that span from its U.S. home market to South Korea. The coffee giant reported disappointing preliminary fourth-quarter results on October 22, with global revenue falling [...]

South Korean Worker Survey Shows Top 1% Earn 330 Million Won, Revealing Wide Regional Income Gap

SEOUL, Oct. 25 (Korea Bizwire) – Data released by South Korea’s National Tax Service has revealed significant income disparities among the country’s workforce, with the average annual salary standing at 41.23 million won while top earners command substantially higher wages, particularly in the capital region. According to figures obtained by Representative Ahn Do-geol of the Democratic [...]

Majority of South Koreans Support Extending Animal Protection Laws to Fish, Survey Shows

SEOUL, Oct. 25 (Korea Bizwire) – Eight out of ten South Koreans believe the country’s animal protection laws should be extended to include fish raised for food consumption, according to a new survey highlighting growing public awareness of aquatic animal welfare. The Animal Welfare Awareness Research & Education (AWARE) released findings on October 24 from its [...]

IMF Projects South Korea’s Per Capita GDP to Maintain Lead Over Japan and Taiwan

SEOUL, Oct. 25 (Korea Bizwire) – South Korea is set to maintain its economic edge over Japan and Taiwan in per capita GDP this year, according to recent International Monetary Fund projections, with forecasts suggesting it will surpass the $40,000 milestone by 2027. In its World Economic Outlook report released on October 22, the IMF projected [...]

SK Hynix Posts Record Quarterly Revenue on AI Memory Chip Boom

SEOUL, Oct. 25 (Korea Bizwire) – SK Hynix reported its highest-ever quarterly revenue and a dramatic return to profitability in the third quarter, driven by surging demand for artificial intelligence memory chips. The South Korean memory chip maker announced on October 24 that its revenue jumped 93.8% year-over-year to 17.57 trillion won in the July-September period, [...]

Rosé and Bruno Mars’ ‘APT.’ Goes Viral, Tops Global Charts

SEOUL, Oct. 25 (Korea Bizwire) – A Korean drinking game-inspired collaboration between BLACKPINK’s Rosé and pop star Bruno Mars has become a global sensation, with their new single “APT.” reaching significant milestones in record time. The music video, featuring the duo playing the traditional Korean drinking game “apateu” (meaning apartment in Korean) and Mars enthusiastically shouting [...]