SEOUL, May 8 (Korea Bizwire) — Samsung Electronics announced a major organizational overhaul on Thursday, establishing a dedicated AI Productivity Innovation Group within its Device Experience (DX) division as part of its push to transform into a fully “AI-driven company.” The move marks a significant step in Samsung’s efforts to embed artificial intelligence into its [...]
SEOUL, May 8 (Korea Bizwire) — Netmarble Corp., a South Korean game developer, said Thursday it swung to a net profit in the first quarter on the successful launch of its new title, RF Online Next, and steady sales of its webtoon-based game Solo Leveling: ARISE. Netmarble’s net profit for the January-March period totaled 80.2 [...]
SEOUL, May 8 (Korea Bizwire) — South Korean media giant JoongAng Group and retail conglomerate Lotte Group signed an agreement Thursday to merge their respective affiliates that operate Megabox and Lotte Cinema — the country’s third- and second-largest movie theater chains. JoongAng Group announced that it signed a memorandum of understanding (MOU) with Lotte Group [...]
SEOUL, May 8 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will unveil its new ultra-slim Galaxy S25 Edge smartphone next week. The launch event, titled “Galaxy S25 Edge: Beyond Slim,” will be livestreamed at 9 a.m. (Korean time) on May 13, the company said in an invitation. The event will be broadcast on Samsung [...]
SEOUL, May 8 (Korea Bizwire) — The number of imported vehicles sold in South Korea last month dropped slightly from a year earlier, but eco-friendly vehicles such as hybrids and electric vehicles (EVs) accounted for a record 81 percent of the total, industry data showed Thursday. According to the Korea Automobile Importers and Distributors Association [...]
CHUNCHEON, South Korea, May 8 (Korea Bizwire) — The city of Chuncheon will transform into a global hub for puppetry later this month, as it hosts the 2025 UNIMA World Congress and Chuncheon World Puppet Festival, drawing more than 1,000 artists from 21 countries. Scheduled to run from May 26 to June 1 across various venues [...]
SEOUL, May 7 (Korea Bizwire) — More than half of South Korean adults are experiencing prolonged emotional distress, with widespread perceptions of unfairness fueling rising levels of societal resentment and mental health strain, according to a nationwide survey released by Seoul National University’s Graduate School of Public Health. The study, conducted in April 2025 and involving [...]
SEOUL, May 8 (Korea Bizwire) — A new study has raised concerns about the limited diversity and expertise of outside directors at South Korean listed companies, warning that their heavy concentration in academia and the public sector may be undermining corporate governance compared to global standards. According to a report released Tuesday by the Korea Chamber [...]
SEOUL, May 7 (Korea Bizwire) — South Korea has dropped one spot to 20th in the United Nations Development Programme’s (UNDP) latest Human Development Index (HDI) rankings, despite a slight improvement in its overall score, highlighting growing international competition and widening inequality between countries. According to the 2025 Human Development Report released Tuesday by the UNDP, [...]
SEOUL, May 7 (Korea Bizwire) — A sprawling immersive exhibition that brings the worlds of Pixar animation to life has opened in Seoul, marking its first stop in Asia after captivating audiences across Europe and Latin America. Titled Mundo Pixar: Into the World of Imagination, the exhibition transforms 3,300 square meters of Seongsu Cultural Arts Center [...]