SEJONG, Dec. 19 (Korea Bizwire) – Less than 20% of South Koreans moved up the income ladder in the past year, according to new data released by Statistics Korea on December 17, highlighting growing concerns about social mobility in the country. The comprehensive “Income Mobility Statistics 2017-2022″ report, which analyzed data from 11 million individuals, reveals [...]
SEOUL, Dec. 19 (Korea Bizwire) – The Korea Consumer Agency (KCA) announced on December 18 that domestic brands demonstrated superior value for money in a comprehensive quality and safety evaluation of 10 wireless headphone models currently available in the market. The evaluation covered a wide range of models across different price points and countries of origin: [...]
SEOUL, Dec. 19 (Korea Bizwire) – Japan welcomed 33.38 million foreign visitors from January to November 2024, surpassing its previous annual record of 31.88 million set in 2019 before the pandemic, according to data released by the Japan National Tourism Organization (JNTO) on December 18. South Koreans accounted for the largest share, with 7.95 million visitors [...]
MUAN, Dec. 19 (Korea Bizwire) – Cheongsando, a picturesque island in Wando County, South Jeolla Province, has been recognized as a 2024 “Star of Korean Tourism” in the eco-friendly tourism category by the Ministry of Culture, Sports, and Tourism and the Korea Tourism Organization, according to a December 18 announcement. Renowned as Asia’s first “Slow City” [...]
SEOUL, Dec. 18 (Korea Bizwire) – Kioxia Holdings, Japan’s leading NAND flash memory producer and formerly Toshiba Memory, made its debut on the Tokyo Stock Exchange Prime Market on December 18, drawing attention from the global semiconductor industry. The IPO raises questions about shifts in the NAND market, currently dominated by Samsung Electronics and SK Hynix, [...]
SEOUL, Dec. 18 (Korea Bizwire) – Samsung Electronics announced on Wednesday the enhancement of its proprietary AI model, Galaxy AI, and the development of a robust data protection platform. These advancements will debut in the upcoming Galaxy S series, slated for release in January 2025, and are being tested through the One UI 7 beta program. [...]
SEOUL, Dec. 18 (Korea Bizwire) – LG Display has introduced an in-house developed artificial intelligence (AI) production system into its OLED manufacturing processes, aiming to strengthen its competitive edge in the sector. The AI system collects and analyzes real-time data from all stages of OLED production, which involves over 140 complex processes and generates tens of [...]
SEOUL, Dec. 18 (Korea Bizwire) – Samsung Biologics announced on December 18 that it will invest in U.S.-based biotech company Generate Biomedicines through the Samsung Life Science Fund, a venture fund established to advance life sciences innovation. The Samsung Life Science Fund, jointly capitalized with KRW 240 billion ($167 million) by Samsung Biologics, Samsung C&T [028260], [...]
SEOUL, Dec. 18 (Korea Bizwire) – LG Electronics, a leader in OLED TVs, is strengthening its premium LCD TV lineup with the introduction of the 2025 LG QNED TV series, showcasing advanced wireless solutions and artificial intelligence (AI)-driven features. The move supports LG’s dual-track strategy to lead the global premium TV market with both OLED and [...]
SEJONG, Dec. 18 (Korea Bizwire) – South Korea’s foreign workforce has reached a historic milestone, surpassing 1 million workers for the first time, with nearly half employed in mining and manufacturing sectors, according to government data released December 17. A Statistics Korea report on immigrant residency and employment showed that as of May, the number of [...]