SEOUL, July 26 (Korea Bizwire) – As South Korea grapples with an intensifying pattern of extreme heat and heavy rainfall, sun parasols and rain boots are emerging as must-have items—transcending gender norms and seasonal fashion boundaries. Once seen as a distinctly feminine accessory, parasols are now gaining popularity among men, driven by practical concerns over [...]
JEJU, July 26 (Korea Bizwire) – In a groundbreaking achievement, South Korea’s National Institute of Biological Resources announced on July 24 that it has successfully tracked the full migration route of the lesser cuckoo (Cuculus poliocephalus)—a global first in ornithological research. The bird, which was tagged with a GPS transmitter on Jeju Island in May [...]
SEOUL, July 25 (Korea Bizwire) — Sales of multigrain instant rice are surging in South Korea, especially among younger consumers, as part of a broader shift toward health-conscious eating, NH NongHyup Bank reported Friday. Analyzing 4.2 billion transaction records from its NH Members loyalty program between January 2022 and June 2025, the bank found that [...]
SEOUL, July 25 (Korea Bizwire) — Roughly 40% of South Korea’s major online shopping platforms rely on proprietary algorithms to rank product reviews without disclosing the criteria behind those rankings, raising concerns about consumer trust and transparency, according to a new report by the Seoul Metropolitan Government. In a survey released Friday by the Seoul [...]
SEOUL, July 25 (Korea Bizwire) — South Korea’s automotive parts sector continues to grow in both scale and profitability, but remains behind global competitors in key performance metrics such as profitability and research investment, according to a new report from the Korea Automotive Technology Institute. The report, released Thursday, analyzed 213 domestic parts manufacturers—including major [...]
SEOUL, July 25 (Korea Bizwire) — K-pop boy group Stray Kids will release their fourth full-length album, “Karma,” next month, JYP Entertainment said Friday. The album, set for a 1 p.m. release on Aug. 22, marks their first full-length project since the chart-topping “5-Star” in June 2023. To build anticipation, the agency unveiled a futuristic [...]
SEOUL, July 25 (Korea Bizwire) — As discussions intensify around the adoption of Korean won-based stablecoins, credit card companies in South Korea are scrambling to respond, concerned about potential disruption to their traditional role in the payments ecosystem. According to financial industry sources on Thursday, the Credit Finance Association and eight major credit card companies [...]
SEOUL, July 25 (Korea Bizwire) — A vast majority of publicly listed South Korean companies are expressing deep concerns over potential adverse effects of a second wave of corporate law reforms, warning that new regulations could further undermine corporate growth and governance stability. According to a survey released Thursday by the Korea Chamber of Commerce [...]
SEOUL, July 25 (Korea Bizwire) — South Korea’s credit card loan delinquency rate at general banks surged to a 20-year high in May, reflecting growing financial distress among vulnerable borrowers amid tightening credit conditions across the banking sector. According to data released Wednesday by the Bank of Korea, the delinquency rate on credit card loans [...]
SEOUL, July 24 (Korea Bizwire) – South Korean chipmaking giant SK hynix Inc. said Thursday its second-quarter operating profit surpassed 9 trillion won (US$6.53 billion) for the first time, driven by booming demand for artificial intelligence (AI) chips, including high bandwidth memory (HBM). In a regulatory filing, the company reported an operating profit of a [...]