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 [...]
SEOUL, Dec. 18 (Korea Bizwire) — Samsung Electronics Co. will unveil its new home appliances lineup powered by artificial intelligence (AI) technology at the upcoming CES next month, the company said Wednesday. The lineup, comprising the new Bespoke refrigerator, washer and dryer applied with AI home solutions, will be showcased at CES 2025, set to [...]
SEOUL, Dec. 17 (Korea Bizwire) –LG Electronics unveiled its second corporate value enhancement program on Tuesday, outlining plans to pursue an initial public offering (IPO) for its Indian subsidiary and retire approximately 761,000 treasury shares by next year. This move follows the company’s first strategic announcement in October, which aimed to achieve a return on [...]
SEOUL, Dec. 17 (Korea Bizwire) – A recent study by Woori Financial Group reveals that nearly 60% of South Korea’s Generation X—those born in the 1970s—have not begun preparing for retirement. The findings, published in Woori’s 2024 Trend Report, highlight the financial challenges faced by this generation, many of whom are burdened with supporting both [...]
SEOUL, Dec. 17 (Korea Bizwire) – A new analysis of social media data reveals that South Korean consumers are increasingly adopting cost-conscious spending habits, focusing on low-priced and small-packaged products. This shift reflects a growing emphasis on economic efficiency in response to prolonged inflation. Rising Concerns About Inflation According to KPR Digital Communication Research Institute, [...]
SEOUL, Dec. 17 (Korea Bizwire) – The percentage of South Koreans who play video games has dropped below 60% for the first time in a decade, marking a significant decline from its peak during the COVID-19 pandemic when nearly three-quarters of the population were gaming. According to a new survey released on December 16 by the [...]
SEOUL, Dec. 17 (Korea Bizwire) – The number of properties auctioned off due to loan defaults in South Korea is on track to hit its highest level in 11 years, reflecting the combined impact of soaring interest rates and a sluggish real estate market. Sharp Rise in Property Auctions Data from the Court Registration Information Plaza [...]
SEOUL, Dec. 16 (Korea Bizwire) – South Korea’s manufacturing and mining sectors saw their first decline in business establishments in seven years, driven by a slowdown in the semiconductor industry and a downturn in textiles. According to Statistics Korea’s preliminary Mining and Manufacturing Survey, released on December 16, the total number of businesses with 10 or [...]
SEOUL, Dec. 16 (Korea Bizwire) – Seoul’s Climate Action Card emerged as citizens’ favorite municipal policy this year, garnering 69,821 votes or 12.49% of the total ballots cast in the city’s annual policy ranking, officials announced on December 15. The online poll, conducted from December 3 to 9, allowed residents to vote for up to three policies [...]
SEOUL, Dec. 16 (Korea Bizwire) —Each winter, South Korea’s wetlands, rivers, and coastal plains transform into vibrant havens for migratory birds traveling from Siberia and Mongolia. Key destinations like Cheorwon Plain in Gangwon Province, Suncheon Bay in South Jeolla, Chunsu Bay in South Chungcheong, the Geum River estuary, and the Nakdong River estuary in Busan [...]