SEOUL, March 19 (Korea Bizwire) — South Korea’s combined household, corporate, and government debt—known as national total debt—has surpassed 6,200 trillion won, according to the latest data released by the Bank for International Settlements (BIS). As of the end of the third quarter of 2024, non-financial sector credit, measured in Korean won, reached 6,222 trillion won, [...]
JECHEON, March 19 (Korea Bizwire) — Woraksan, a mountain in South Korea’s Sobaek mountain range, has become a sanctuary for the endangered Korean mountain goat (Naemorhedus caudatus), with the protected species showing remarkable population growth in recent years. According to Woraksan National Park officials on March 18, a comprehensive wildlife survey conducted between April and November [...]
SEOUL, March 18 (Korea Bizwire) — LG AI Research, the artificial intelligence (AI) lab under South Korea’s LG Group, said Tuesday it has unveiled its new inference AI model, EXAONE Deep, as part of its push for agentic AI. EXAONE Deep was unveiled at the GTC 2025 hosted by AI chip giant Nvidia Corp. from [...]
JEONGSEON, South Korea, March 17 (Korea Bizwire) — Kangwon Land’s Mind Fulfillment Center (KLACC: KangwonLand Attentive Mind Care Center) has become the first operator in South Korea’s gambling industry to publish research on the effectiveness of its gambling addiction treatment program in a peer-reviewed academic journal. According to Kangwon Land, findings from its intensive meditation [...]
SEOUL, March 16 (Korea Bizwire) — South Korea’s household debt-to-gross domestic product (GDP) ratio was the second highest among major nations, following Canada, amid growing concerns about rising household borrowing amid weak growth and domestic demand, data showed Sunday. The debt-to-GDP ratio for South Korea came to 91.7 percent in the fourth quarter of 2024, [...]
SEOUL, March 16, 2025 (Korea Bizwire) — Chinese electric vehicle giant BYD has established a new subsidiary in South Korea dedicated to the import and distribution of used cars, signaling an expansion of its presence in the country’s automotive market. According to industry sources, BYD recently set up BYD Korea Auto, a separate entity from BYD [...]
SEOUL, March 16 (Korea Bizwire) — The number of young South Koreans who were jobless or opted to remain economically inactive surpassed 1.2 million last month amid tough job market conditions, data showed Sunday. A total of 1.21 million individuals aged 15 to 29 either remained unemployed or economically inactive to prepare for a job [...]
SEOUL, March 13 (Korea Bizwire) — South Koreans are spending nearly seven times more time watching short-form videos than traditional over-the-top (OTT) streaming content, underscoring a shift in digital consumption patterns toward quick, engaging clips. According to a report released on Thursday by WiseApp Retail, a mobile app and retail analytics firm, the average South Korean [...]
SEOUL, March 13 (Korea Bizwire) — The South Korean government has, for the first time, publicly disclosed data on early childhood private education spending, shedding light on a rapidly expanding market that has sparked concerns over educational inequality and excessive academic pressure on young children. The Ministry of Education released findings from the 2024 Early Childhood [...]
SEOUL, March 13 (Korea Bizwire) — South Korean researchers have discovered that a common native plant shows promising results in suppressing norovirus, offering potential hope for preventing the widespread winter illness. The National Institute of Biological Resources (NIBR) announced on March 12 that extracts from Duchesnea chrysantha, a wild strawberry species native to Korea, demonstrated significant [...]