GYEONGJU, July 19 (Korea Bizwire) — Chey Tae-won, Chairman of SK Group and the Korea Chamber of Commerce and Industry (KCCI), issued a pointed warning on Friday about China’s rapid advancement in manufacturing AI, urging South Korea to form a strategic alliance with Japan and reform key policies to maintain competitiveness in the global AI [...]
SEOUL, July 18 (Korea Bizwire) — Samsung E&A Co., a plant builder under Samsung Group, said Friday it has won a 909.6 billion-won (US$653.2 million) order to work on a semiconductor facility for Samsung Electronics Co., another key affiliate of the conglomerate. Samsung E&A will conduct finishing work for Phase 4 of the P4 plant [...]
SEOUL, July 18 (Korea Bizwire) — Netflix is poised to generate up to 62.9 trillion won ($45.2 billion) in revenue this year—more than triple the total revenue of South Korea’s entire broadcasting industry in 2023, which stood at 18.8 trillion won. The surge reflects the platform’s accelerating global dominance and the rising popularity of Korean [...]
SIHEUNG, July 18 (Korea Bizwire) — The 2025 World Surf League (WSL) Korea Open officially opened Friday at Wave Park in Siheung, Gyeonggi Province, launching three days of high-level international competition. The event marks a historic milestone as the world’s first WSL QS6000 tournament held in an artificial wave pool, drawing 192 athletes from 16 [...]
SEOUL, July 18 (Korea Bizwire) – Hyundai Engineering & Construction (E&C) Co. said Friday its second-quarter net profit rose over 8 percent on-year, backed by the company’s major construction projects. The company’s net profit for the April-June period totaled 158.6 billion won (US$113.9 million), up 8.6 percent from a year earlier, the company said in [...]
SEOUL, July 18 (Korea Bizwire) – The second and final seasons of the global hit “Squid Game” posted massive viewership numbers on Netflix during the first six months of the year, a report showed Friday. According to the streaming giant’s Engagement Report, the entire “Squid Game” franchise drew 231 million views in the first half. [...]
DAEJEON, July 18 (Korea Bizwire) — South Korea is seeing a sharp rise in baking-related patents, driven by growing consumer demand for bread and a cultural shift toward Western-style diets, according to the Korean Intellectual Property Office (KIPO). Over the past two decades, more than 3,500 patent applications have been filed in the baking sector, [...]
IKSAN, July 18 (Korea Bizwire) – McDonald’s Korea’s latest local specialty, the “Iksan Sweet Potato Mozzarella Burger,” has become a viral sensation on social media, surpassing 500,000 units sold within just four days of its release on July 10. The burger is now poised to reach the one-million mark by this weekend, according to officials [...]
SEOUL, July 18 (Korea Bizwire) — As in vitro fertilization (IVF) becomes increasingly mainstream in South Korea, the number of embryos created annually has approached 800,000 — with over 500,000 discarded each year — prompting renewed debate over embryo management and ethical oversight. According to data released Thursday by Rep. Kim Yoon of the Democratic [...]
SEOUL, July 18 (Korea Bizwire) — South Korean streaming platform Tving announced Wednesday that it will launch a new interactive viewing service called “Watch Together” on July 19, allowing users to watch content simultaneously while engaging in real-time chat with special hosts and fellow viewers. The new feature aims to tap into the growing demand [...]