SEOUL, April 22, (Korea Bizwire) — Intensifying competition from biosimilars and the looming expiration of lucrative drug patents have emerged as the foremost concerns for global pharmaceutical, biotech, and medical device companies, according to a 2025 report by Deloitte Korea. The report, titled “Five Key Challenges for the Global Pharmaceutical and Biotech Industry in 2025,” [...]
SEOUL, April 21 (Korea Bizwire) — South Korea is witnessing a sharp rise in consumer complaints related to online game purchases, with a record number of disputes filed over the past year, according to new data from the Korea Consumer Agency (KCA). A total of 1,055 consumer dispute cases tied to online gaming were filed between [...]
SEJONG, April 20 (Korea Bizwire) — South Korea’s national debt without available payment resources is projected to near 900 trillion won (US$634 billion) this year, the government said Sunday. The country’s national debt is expected to reach 885.4 trillion won in 2025, up 11.8 percent from a year earlier, according to the Ministry of Economy [...]
SEOUL, April 20 (Korea Bizwire) — The number of unsold new homes in South Korea has reached the highest level in 11 years and five months, data showed Sunday, due mainly to weak demand for new homes in provincial regions. There were 23,722 unsold new apartments nationwide as of the end of February, doubling from [...]
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 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 [...]
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) — 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 [...]