SEOUL, April 20 (Korea Bizwire) — South Korea’s Incheon International Airport ranked third in international passenger traffic last year, its highest ranking since opening in 2001, the airport’s operator said Sunday. The country’s main airport, located about 45 kilometers west of Seoul in Incheon, previously ranked seventh in 2023 and fifth in both 2018 and [...]
SEOUL, April 18, (Korea Bizwire) — Woori Bank has officially entered South Korea’s budget telecom market with the launch of its new mobile virtual network operator (MVNO) service, WooriWON Mobile, which began operations on April 18, 2025. To mark the launch, Woori Bank is offering promotional benefits worth up to 300,000 won for new customers [...]
SEOUL, April 17, (Korea Bizwire) — While South Korea’s web novel market continues its meteoric rise, the vast majority of creators are earning far below expectations, according to a government report released Wednesday. The 2024 Web Novel Industry Report, published by the Ministry of Culture, Sports and Tourism and the Korea Publishing and Culture Industry [...]
SEOUL, April 17, (Korea Bizwire) — Samsung Electronics retained its position as the global leader in smartphone shipments in the first quarter of 2025, according to multiple market research firms. However, a separate analysis based on sales volumes placed Apple in the top spot, raising questions about diverging metrics and the impact of U.S. trade [...]
GOYANG, South Korea, April 17, (Korea Bizwire) — South Korea’s premier floral celebration, the 17th Goyang International Flower Expo, is set to open on April 25 at Ilsan Lake Park in Goyang Special City, featuring more than 100 million blooms over a 17-day span. The festival, running through May 11, will host over 200 organizations [...]
SEOUL, April 17 (Korea Bizwire) — The number of farming households in South Korea remained below the 1 million mark for the second consecutive year in 2024, continuing a long-term decline amid the country’s aging population and rapid urbanization, data showed Thursday. According to the data compiled by Statistics Korea, the number of farming households [...]
SEOUL, April 17, (Korea Bizwire) — As artificial intelligence continues to transform societies, a new report reveals that AI-related negative incidents—ranging from deepfake pornography to suicide-linked chatbots—surged to a record high last year. Meanwhile, South Korea saw a decline in its global AI investment ranking, even as the number of domestically funded AI startups increased. [...]
SEOUL, April 16 (Korea Bizwire) — Cadillac has officially unveiled its revamped flagship SUV, The New Escalade, in South Korea, signaling a major push to expand its luxury footprint in the competitive domestic market. At a media launch event held April 16 at the Ibex Studio in Gwangmyeong, Gyeonggi Province, the General Motors (GM) luxury brand [...]
SEOUL, April 16 (Korea Bizwire) — Roughly seven in ten South Koreans aged 25 to 44 believe women should work to help support their families, reflecting a growing societal shift toward shared economic responsibility and evolving gender roles, according to a new study released Wednesday. The report, titled “Greater Flexibility in Life Course Outlooks and the [...]
SEOUL, April 16 (Korea Bizwire) — Senior Air Force officials from South Korea and the United Arab Emirates (UAE) on Wednesday signed a letter of intent for comprehensive cooperation on the South’s homegrown fighter jets, the South Korean Air Force said. Air Force Chief of Staff Gen. Lee Young-su and Maj. Gen. Rashed Mohammed A. [...]