SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s retail industry is rapidly expanding its private brand (PB) business, pushing beyond food and household goods into clothing, new digital platforms, and even overseas markets, as companies from convenience stores to hypermarkets and e-commerce firms compete to strengthen profitability and brand identity. According to BGF Retail, operator [...]
SEOUL, Oct. 20 (Korea Bizwire) — While Hyundai Motor struggles under tariff pressures in its largest market, the United States, the South Korean automaker is finding fresh momentum in Europe, buoyed by surging sales and strong demand for electric and hybrid vehicles. According to Hyundai’s investor relations data released on October 19, the company’s passenger car [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s once-vibrant multiplex cinema industry is facing an unprecedented contraction as leading chains shut down theaters across the country, squeezed by sluggish audience recovery and the unrelenting rise of online streaming platforms. Two symbolic closures have drawn attention in recent weeks: CGV Myeongdong Station Cine Library — a haven [...]
SEOUL, Oct. 19 (Korea Bizwire) — LG Display is on track to post its first annual profit in four years, buoyed by a sweeping shift toward organic light-emitting diode (OLED) technology and a sustained focus on cost efficiency. Analysts expect the company to report an operating profit exceeding 800 billion won ($580 million) this year, marking [...]
SEOUL, Oct. 19 (Korea Bizwire) — U.S. memory chipmaker Micron Technology is intensifying efforts to recruit South Korean semiconductor engineers, particularly from Samsung Electronics and SK Hynix, as competition in the fast-growing high-bandwidth memory (HBM) market heats up amid soaring demand driven by artificial intelligence. According to industry sources on October 19, Micron has been contacting [...]
SEOUL, Oct. 19 (Korea Bizwire) — SK Hynix is poised to report the highest quarterly operating profit in its history, surpassing 10 trillion won for the first time and becoming only the second South Korean company — after Samsung Electronics — to reach the milestone. According to a survey of brokerage forecasts compiled by Yonhap Infomax [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea will soon allow organ donations from patients who die after life support is withdrawn and their hearts stop beating — not just those declared brain dead — in a major policy shift aimed at easing the nation’s severe shortage of transplant organs, the government announced Thursday. The change, [...]
SEOUL, Oct. 17 (Korea Bizwire) — A new study has found that only 8 percent of South Korean adults would choose to continue life-sustaining treatment if diagnosed with terminal, untreatable cancer, with the vast majority preferring to end life-prolonging care or seek euthanasia or physician-assisted death. According to the Korean Society for Hospice and Palliative [...]
GWANGJU, Oct. 17 (Korea Bizwire) — Combining chewing gum exercises with electrical stimulation therapy can significantly strengthen oral muscles and improve swallowing function among older adults, according to new research from Chosun University. A research team led by Professor Choi Jong-bae from the university’s Department of Occupational Therapy found that pairing gum-chewing exercises with targeted [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korean scientists have discovered that bacteriophages — viruses traditionally regarded as a major cause of fermentation failure — may in fact play a beneficial role in sustaining microbial balance in kimchi and other fermented foods. The World Institute of Kimchi said Thursday that its research team, led by Dr. [...]