SEOUL, July 4 (Korea Bizwire) — Samsung Electronics will significantly reduce performance bonuses for its semiconductor division in the first half of 2025, reflecting continued weakness in its foundry and NAND flash businesses. According to an internal announcement made on July 4, employees in the Device Solutions (DS) division — responsible for the company’s semiconductor [...]
SEOUL, July 4 (Korea Bizwire) — As Squid Game Season 3 dominates global viewership charts, the series has once again sparked controversy in China, where Netflix is not officially available. Despite the platform’s absence, the latest season has garnered tens of thousands of reviews and ratings on Douban, China’s largest user-generated content site, pointing to [...]
SEOUL, July 3 (Korea Bizwire) — South Korea’s ambitious initiative to curb antibiotic resistance through a national antibiotic stewardship program (ASP) is faltering due to widespread staffing shortages, with more than half of eligible hospitals unable to participate, a new government-commissioned report has found. The study, conducted by Hanyang University’s Industry-Academic Cooperation Foundation for the [...]
SEOUL, July 3 (Korea Bizwire) – The number of reported daily heat-related illness cases has surpassed 100 this week, bringing the season’s total to above 600, as a scorching summer heat wave continues to the grip the nation, according to public health authorities Thursday. According to the Korea Disease Control Prevention Agency, 100 patients with [...]
SEOUL, July 3 (Korea Bizwire) — President Lee Jae Myung held his first phone talks with Mark Rutte, secretary general of the North Atlantic Treaty Organization (NATO), on Thursday and discussed ways to deepen Seoul’s partnership with the transnational military alliance, Lee’s office said. During the call, Lee congratulated Rutte for the successful hosting of [...]
SEOUL, July 3 (Korea Bizwire) — South Korean luxury auto brand Genesis opened the doors of its exclusive Genesis Lounge in Seoul’s Shilla Hotel to local media this week, offering a curated experience designed to embody the brand’s philosophy of “Distinctly Korean” luxury through architecture, design, music, and cuisine. The lounge, located on the fifth [...]
SEOUL, July 3 (Korea Bizwire) — Lee Jung-jae, star of the global hit drama series “Squid Game,” is now arguably the most famous Korean in the world. Still, he remains pleasantly surprised when people recognize him on the streets of foreign countries. Speaking to reporters in Seoul on Thursday, Lee explained the unprecedented success of [...]
SEOUL, July 3 (Korea Bizwire) — Samyang Foods Inc., maker of the globally popular Buldak spicy ramyeon, said Thursday it has begun construction of its first overseas production facility in China to meet growing demand for its signature product. The company will invest 201.4 billion won (US$148 million) in the new plant, which will be [...]
SEOUL, July 3 (Korea Bizwire) — Hyundai Motor Co., South Korea’s leading carmaker, said Thursday it will unveil its all-electric Ioniq 6 N high-performance model in London next week, ahead of its domestic launch later this year. The company has released a teaser film of the Ioniq 6 N electric sedan on its official YouTube [...]
SEOUL, July 3 (Korea Bizwire) — If current demographic trends continue, South Korea’s population could plunge to just 15% of its current level within a century, according to a new report by the Korean Peninsula Population Institute for Future, a private think tank specializing in demographic research. The institute’s 2025 Population Report: The Great Demographic [...]