SEOUL, Sept. 5 (Korea Bizwire) — South Korea’s new culture minister offered a stark warning on Thursday, saying that behind the glittering image of K-pop, K-drama and other cultural exports lies a fragile industry infrastructure at risk of collapse. At his first press conference since taking office, Choi Hwi-young, minister of culture, sports and tourism, said he [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean women not only earn far less than men during their working lives but also receive significantly smaller pensions in retirement, according to new research presented Thursday by the Korean Confederation of Trade Unions (KCTU). The study, conducted by senior researcher Jang Jin-hee of the KCTU’s Central Research [...]
SEOUL, Sept. 5 (Korea Bizwire) — With South Korea’s stock market stuck in a holding pattern, investors are pouring money into bond-focused exchange-traded funds, underscoring a shift toward safer assets amid global economic uncertainty. According to Koscom data released Thursday, Samsung Asset Management’s KODEX Money Market Active and Korea Investment Trust’s ACE Money Market Active [...]
SEOUL, Sept. 4 (Korea Bizwire) — The science ministry on Thursday inked an agreement with U.S. tech giant Google LLC to make joint efforts to root out voice phishing scams through advanced detection services. The Ministry of Science and ICT and the Android developer signed a memorandum of understanding (MOU) in Seoul, announcing the launch [...]
SEOUL, Sept. 4 (Korea Bizwire) — LG Electronics Inc. has recently won a major deal in the United States to supply cooling solutions to artificial intelligence (AI) data centers, the company’s head said Thursday. Cho Joo-wan, chief executive officer (CEO) of LG Electronics, made the remark in a social media post, marking the first time [...]
SEOUL, Sept. 4 (Korea Bizwire) — A global consortium led by South Korea’s state-run Korea Hydro & Nuclear Power Co. (KHNP) has launched a large-scale project to refurbish an aging nuclear reactor at Romania’s Cernavoda power plant, KHNP said Thursday. A groundbreaking ceremony took place Wednesday (local time) to mark the start of the project, [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea has seen its marriage and birth patterns shift dramatically over the past three decades, with the number of marriages nearly cut in half, births falling by two-thirds, and cross-cultural unions rising sharply, government data showed Wednesday. According to Statistics Korea, marriages peaked at 434,900 in 1996 but dropped [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s government announced a sweeping plan to eliminate dozens of everyday regulations deemed outdated or unreasonable, including cumbersome telecom service cancellations and male-only membership in a national civic group. The reforms were unveiled Tuesday at a policy coordination meeting chaired by Prime Minister Kim Min-seok, following the government’s [...]
DAEJEON, Sept. 4 (Korea Bizwire) – In a potential breakthrough for plastic recycling, South Korean scientists have developed a plasma-based process that can convert mixed plastic waste directly into high-value chemical feedstocks without the need for sorting or label removal. The Korea Institute of Machinery and Materials (KIMM) announced Wednesday that its consortium — which [...]
SEOUL, Sept. 4 (Korea Bizwire) –The world’s leading electronics makers are converging on Berlin this week for IFA 2025, Europe’s largest consumer technology fair, where artificial intelligence and energy efficiency are expected to dominate the conversation as competition intensifies in the premium appliance market. The five-day event, which begins September 5 under the theme “Imagine [...]