SEOUL, Aug. 12 (Korea Bizwire) — South Korea’s job market has continued to tighten, with the number of job openings per job seeker falling to just 0.4 in July 2025, the lowest level in 26 years. This marks a significant decline, with the number of job openings per seeker reaching its lowest point since July 1999, [...]
SEOUL, Aug. 12 (Korea Bizwire) — The average age of chief executive officers (CEOs) at South Korea’s largest companies has fallen below 60 for the first time, signaling a shift toward younger leadership in the country’s corporate landscape, according to new industry data released Tuesday. The latest figures from corporate tracker Leaders Index show that the [...]
SEOUL, Aug.11 (Korea Bizwire) – In a stark contrast to SK Telecom’s sharp decline, KT and LG U+ posted strong financial results for Q2 2025, despite the ongoing challenges in the telecom sector. SK Telecom’s operating profit dropped by 37.1% year-on-year, falling to 338.3 billion won, largely due to the aftermath of a major hacking [...]
SEOUL, Aug. 11 (Korea Bizwire) — Hana Bank, a major commercial bank in South Korea, has partnered with Circle, which manages USDC, a cryptocurrency stablecoin pegged to the U.S. dollar, in a bid to explore stablecoin business opportunities, officials said Monday. The partnership stems from a comprehensive business agreement signed between the two companies in [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea and Vietnam will work to expand bilateral cooperation in the energy industry, including renewable energy and nuclear power, as the two countries aim to bolster ties in trade, security and other sectors, Seoul officials said Monday. The countries’ industry ministries signed a memorandum of understanding (MOU) to [...]
SEOUL, Aug. 11 (Korea Bizwire) — Key of K-pop boy group SHINee is returning as a soloist with a bold, concept-driven project. For his third full-length solo album, “Hunter,” the singer embraces an “urban legend” theme in which the protagonist confronts his “other self.” It marks his first studio album since “Gasoline” in August 2022. [...]
BUSAN, Aug. 11 (Korea Bizwire) — The 3rd Dadaepo Sunset Film Festival opened on August 9 at Dadaepo Beach in Busan, offering a unique combination of cinema, the sea, and sunsets. The event began at 6 p.m. with a celebratory performance and red carpet ceremony, followed by the screening of the opening film, The Outlaws [...]
SEOUL, Aug. 8 (Korea Bizwire) — Hyundai Rotem Co., the rolling stock unit of South Korea’s Hyundai Motor Group, said Friday it has delivered the first batch of trams to the city of Edmonton in Canada under a 2021 supply deal. The initial batch is part of a 218.8 billion-won (US$157.3 million) contract signed in [...]
SEOUL, Aug. 8 (Korea Bizwire) — Prime Minister Kim Min-seok said Friday the government should consider raising the national terror alert level as the Asia-Pacific Economic Cooperation (APEC) summit draws near, in order to ensure the event is hosted successfully. According to his office, Kim made the remarks while presiding over a counter-terrorism commission meeting, [...]
SEOUL, Aug. 8 (Korea Bizwire) — Boy group NCT Wish will put out its third EP “Color” on Sept. 1, the group’s agency SM Entertainment said Friday. The album will feature seven tracks, including the title track “Color” that carries the group’s aspiration to fill the world with its own colors, according to the agency. [...]