SEOUL, Aug. 13 (Korea Bizwire) — Financially troubled discount store chain Homeplus Co. said Wednesday it will close 15 outlets as part of emergency management measures amid a worsening business environment. Homeplus has been under a court-led rehabilitation program since March, when two local credit rating agencies downgraded its corporate bonds from A3 to A3-, [...]
SEOUL, Aug. 13 (Korea Bizwire) — A majority of indoor and outdoor labor sites in South Korea — from logistics centers to waste collection routes — are operating under extreme heat conditions well above the official safety threshold, according to a labor union survey released on Wednesday. The Korean Public Service and Transport Workers’ Union (KPTU) [...]
SEOUL, Aug. 13 (Korea Bizwire) – In a groundbreaking move, the virtual idol group PLAVE has been appointed as the first-ever “Startup Seoul Ambassador,” the Seoul Metropolitan Government announced on Tuesday. The appointment ceremony, held at Seoul City Hall, marks a strategic effort to enhance the global visibility of Seoul’s startup ecosystem. PLAVE, a five-member [...]
SEOUL, Aug. 13 (Korea Bizwire) – South Korea’s Ministry of Trade, Industry and Energy (MOTIE) has announced a new rebate program offering consumers a 10% refund on energy-efficient household appliances purchased after July 4, 2025. The initiative, known as the “Top Efficiency Household Appliance Rebate Program,” aims to encourage the purchase of energy-saving products and [...]
SEOUL, Aug. 12 (Korea Bizwire) — LG CNS Co., an information technology affiliate of South Korea’s LG Electronics Inc., said Tuesday it has signed an agreement to build an artificial intelligence (AI) data center in Vietnam. A memorandum of understanding (MOU) was signed with Vietnam Posts and Telecommunications Group (VNPT) and Korea Investment Real Asset [...]
SEOUL, Aug. 12 (Korea Bizwire) — Police said Tuesday they have launched an investigation into K-pop star G-Dragon and Yang Hyun-suk, the founder and chief producer of major agency YG Entertainment, over alleged violation of copyright law. Seoul’s Mapo Police Station began the probe after receiving a complaint in November from a composer who claimed [...]
SEOUL, Aug. 12 (Korea Bizwire) — Two British naval vessels have docked in South Korea as part of a regional tour aimed at enhancing security cooperation in the Indo-Pacific, the British Embassy in Seoul said Tuesday. The frigate HMS Richmond arrived at a port in the southern city of Busan earlier in the day, while [...]
SEOUL, Aug. 12 (Korea Bizwire) — Top business leaders of South Korea and Vietnam on Tuesday highlighted the need to form a strategic economic partnership between their countries while vowing to continue enhancing their bilateral cooperation in various sectors. “Today, the business environment faced by both countries at home and abroad remains challenging,” Chey Tae-won, [...]
SEOUL, Aug. 12 (Korea Bizwire) — Samsung Electronics Co. on Tuesday unveiled a new premium television that harnesses red, green and blue (RGB) backlight, enabling independent control of colors for more vivid resolution. The 115-inch Micro RGB TV delivers more vivid images compared to traditional TVs with only white backlights, according to the South Korean [...]
SEOUL, Aug.12 (Korea Bizwire) — A recent report by the Health Insurance Review and Assessment Service reveals that one-third of South Korea’s districts are experiencing a severe decline in birth rates, with fewer than 10 births per year. This troubling trend is largely attributed to the nation’s aging population, declining fertility rates, and the absence [...]