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Archive by category Top News

Korean Cosmetics Giants Embrace ‘Hands-Off’ Approach in Indie Brand Acquisitions

SEOUL, Sept. 9 (Korea Bizwire) – K-beauty products are rapidly gaining popularity worldwide, and a wave of mergers and acquisitions is sweeping through South Korea’s cosmetics industry. In a notable trend, established cosmetics conglomerates are acquiring indie brands while promising to maintain their independence, a strategy that’s drawing significant attention. Shinsegae International recently announced its decision [...]

South Korean Elementary School Teachers Leaving Profession at Highest Rate in Five Years

SEJONG, Sept. 9 (Korea Bizwire) – A recent report has revealed a sharp increase in the number of elementary school teachers in South Korea leaving their jobs prematurely, reaching a five-year high in 2023. According to data obtained by Democratic Party lawmaker Jin Sun-mee from regional education offices, the early resignation rate among elementary school teachers [...]

One in Five Korean Workers Report Workplace Sexual Harassment, Study Finds

SEOUL, Sept. 9 (Korea Bizwire) – A recent survey has revealed that one in five South Korean workers has experienced sexual harassment in the workplace, shedding light on the pervasive issue of gender-based violence in professional settings. The study, conducted by civic group Gabjil 119 and the Beautiful Foundation, surveyed 1,000 workers aged 19 and above [...]

Korean Companies Lag in Awareness and Preparedness for ‘Greenwashing’ Regulations

SEOUL, Sept. 9 (Korea Bizwire) – With the European Union preparing to enforce stricter eco-friendly labeling guidelines starting next September, a recent survey has revealed that South Korean companies are significantly underprepared for the global crackdown on “greenwashing.” Greenwashing, a portmanteau of “green” and “whitewashing,” refers to the deceptive practice of marketing products or corporate activities [...]

Apple’s iPhone 16 Pro Likely to See 10% Price Hike as South Korea Joins First-Wave Launch

SEOUL, Sept. 9 (Korea Bizwire) – As Apple prepares to include South Korea in its initial launch of the iPhone 16, industry insiders predict a significant price increase for the Pro models, which are particularly popular among Korean consumers. According to telecommunications industry sources, Apple plans to commence sales of its new iPhone 16 series in [...]

Hospital ER Crisis Worsens Amid Worsening Staff Shortages

SEOUL, Sept. 8 (Korea Bizwire) – The number of emergency care centers in full operation has fallen markedly over the past week as hospitals are experiencing a serious staff shortage amid the prolonged standoff between the government and trainee doctors over the state medical reform plan, officials said Sunday. A total of 88 out of [...]

Divorce Lawyer Reveals Shocking Infidelity Patterns on Popular Korean TV Show

SEOUL, Sept. 7 (Korea Bizwire) – In a recent episode of the popular South Korean variety show “You Quiz on the Block,” divorce attorney Choi Yu-na offered startling insights into the world of marital infidelity, drawing from her experience as both a legal professional and the writer of the drama series “Good Partner.” Choi, known for [...]

Ancient Hittite Artifacts to Make South Korean Debut in Gimhae

GIMHAE, Sept. 7 (Korea Bizwire) – In a groundbreaking cultural exchange, artifacts from the Hittite Empire, one of the world’s earliest iron-working civilizations, are set to be exhibited for the first time in South Korea. The exhibition will take place in Gimhae, a city in South Gyeongsang Province renowned as the ancient capital of the Gaya [...]

Seoul’s Luxury Hotels Under Scrutiny for Misleading Pricing Practices

SEOUL, Sept. 7 (Korea Bizwire) – A recent investigation by the Seoul Metropolitan Government has revealed that only a small fraction of the five-star hotels in the city transparently display all-inclusive room rates on their website homepages, raising concerns about widespread deceptive marketing practices in the luxury hospitality sector. The study, conducted from June 10 to [...]

Samsung and LG Unveil AI Companion Robots at Europe’s Largest Electronics Show

SEOUL, Sept. 6 (Korea Bizwire) – Samsung Electronics and LG Electronics have introduced their latest artificial intelligence companion robots at IFA 2024, Europe’s largest consumer electronics trade show. Samsung’s offering, a spherical yellow robot named Ballie, took center stage during a demonstration on September 5, a day before the official opening of IFA. The robot showcased [...]