SEOUL, Aug. 26 (Korea Bizwire) — More than eight out of 10 bond traders expect the central bank to keep its policy rate steady this week amid housing market instability and increased volatility in the foreign exchange market, a survey showed Tuesday. According to the survey conducted by the Korea Financial Investment Association last week, [...]
SEOUL, Aug. 26 (Korea Bizwire) — The soaring cost of sanitary pads, a necessity for nearly all women, has become a flashpoint in South Korea, where inflation is squeezing household budgets and driving consumers to seek cheaper alternatives abroad. Major brands such as Bodyfit and Good Feel raised prices by 100 to 900 won (about [...]
SEOUL, Aug. 26 (Korea Bizwire) — Researchers at the Korea Advanced Institute of Science and Technology (KAIST) and the Massachusetts Institute of Technology (MIT) have developed a new fiber-based material that can capture carbon dioxide directly from the air using only small amounts of electricity, potentially lowering the barriers to large-scale deployment of direct air [...]
SEOUL, Aug. 26 (Korea Bizwire) — South Korea now has one of the highest rates of multiple births in the world, even as its overall fertility rate continues to plunge, according to new research released Monday. A study by the Korea Institute for Health and Social Affairs found that in 2023 South Korea recorded 26.9 [...]
SEOUL, Aug. 25 (Korea Bizwire) – Boy group Stray Kids has achieved double-million-seller status with its fourth full-length album, “Karma,” on the day of release, the group’s agency said Monday. JYP Entertainment said the album logged more than 2 million sales on Friday, immediately topping Hanteo’s weekly physical album chart and Circle Chart’s weekly retail [...]
SEOUL, Aug. 25(Korea Bizwire) — LG CNS, the IT services arm of South Korea’s LG Group, unveiled a new ecosystem of so-called “agentic artificial intelligence” designed to streamline corporate operations and improve productivity. At a media event in Seoul on Monday, Chief Executive Hyun Shin-gyun introduced AgenticWorks, a modular full-stack platform, alongside a:xink, an AI-driven [...]
SEOUL, Aug. 25 (Korea Bizwire) — Hyundai Motor Co. and its luxury brand Genesis said Monday they have been named leading carmakers in terms of technology experience by U.S. market research firm J.D. Power. Hyundai ranked first for the sixth consecutive year among mass-market brands in the 2025 U.S. Tech Experience Index (TXI) study, scoring [...]
A total of 8.64 million people aged 65 and older, accounting for 90.9 percent of the age group, received pension payments from at least one type of pension program, including the state pension, as of 2023, according to data compiled by Statistics Korea. The average monthly pension amount marked a 6.9 percent increase from [...]
SEOUL, Aug. 25 (Korea Bizwire) — LG will launch South Korea’s first company-run graduate school in September to train master’s- and eventually doctoral-level specialists in artificial intelligence, the Ministry of Education announced Sunday. Approved under a new law designed to bolster the advanced industries workforce, the LG AI Graduate School will open September 30 at K-Square [...]
SEOUL, Aug. 25 (Korea Bizwire) — CJ OnStyle announced Sunday that it will launch a new mobile live commerce broadcast infused with artificial intelligence (AI) and extended reality (XR), positioning immersive video content as a differentiator in an increasingly crowded e-commerce market. The first installment, airing August 24, will spotlight the popular women’s underwear brand [...]