Top Global Startups Recognized at 2024 K-Startup Grand …
SEOUL, Dec. 12 (Korea Bizwire) — South Korea’s Ministry of SMEs and Startups announced the winners of the 2024 K-Startup Grand Challenge during a Demo Day event held at COEX on December 11. The competition, which aims to attract and support global startups in establishing their presence in South Korea, drew participation from 1,716 teams across 114 countries.
Korean Baseball Cheerleader Who Sparked Viral ‘Pikki Pikki’ Dance …
SEOUL, Nov. 8 (Korea Bizwire) – After news broke of KIA Tigers cheerleader Lee Ju-eun’s contract termination with her agency, Taiwanese media outlets, including TVBS, reported on November 5 that she is considering various career options, with strong interest emerging from Taiwan’s baseball community. Lee gained international fame for her casual yet captivating performance of the ‘Pikki ...
South Korean Giants Bet Big on India’s Growing Consumer Market
SEOUL, Dec. 9 (Korea Bizwire) – In a significant pivot toward the world’s most populous nation, South Korean corporate powerhouses are intensifying their focus on India, seeing it as both an antidote to their China-dependent supply chains and a promising frontier for growth. Companies like Samsung Electronics, LG Electronics, and Hyundai Motor are expanding their footprint in India through ...
Rosé and Bruno Mars’ ‘APT.’ Goes Viral, Tops Global Charts
SEOUL, Oct. 25 (Korea Bizwire) – A Korean drinking game-inspired collaboration between BLACKPINK’s Rosé and pop star Bruno Mars has become a global sensation, with their new single “APT.” reaching significant milestones in record time.
South Korea’s AI Regulatory Bill Delayed Amid Political Turmoil
SEOUL, Dec. 10 (Korea Bizwire) – South Korea’s Artificial Intelligence (AI) Framework Act, once slated for approval by the end of the year, has been derailed due to escalating political tensions following the botched martial law incident and the collapse of an impeachment motion against President Yoon Suk-yeol. The delay has heightened uncertainty for the country’s AI sector, which is ...
South Korea Faces Backlash Over AI-Driven Digital Textbooks …
SEOUL, Dec. 11 (Korea Bizwire) – The South Korean government’s ambitious plan to introduce AI-powered digital textbooks (AIDTs) has met with significant resistance from educators and civic groups nationwide, leaving the policy in jeopardy. Initially slated for rollout in March 2025 for select elementary, middle, and high school students, the initiative aimed to bolster digital competencies ...
Korean Air to Finalize Merger Deal with Asiana Airlines via Share ...
SEOUL, Dec. 11 (Korea Bizwire) — Korean Air Co. plans to finalize its acquisition of a controlling stake in rival Asiana Airlines Inc. on Wednesday, completing the merger deal between South Korea’s leading carriers that has been sought over the past four years, according to company officials. Korean Air plans to invest 1.5 trillion won (US$1.07 billion) in …
'We're Together in Every Sentence,' Says Nobel Laureate Han Kang …
SEOUL, Dec. 12 (Korea Bizwire) — South Korean novelist Han Kang, the first Korean to win the Nobel Prize in Literature, expressed gratitude to the translators who have brought her works to readers worldwide. “I believe my works have been translated into 28 or 29 languages, and there are about 50 translators,” she said during a meeting with Korean reporters in …
South Korean Construction Giants Face Profit Squeeze as Costs Soar
SEOUL, Dec. 10 (Korea Bizwire) – Leading South Korean construction companies are grappling with mounting profitability challenges as the industry faces a prolonged downturn. Cost-to-sales ratios have climbed above 90%, up sharply from the traditional mid-80% range in recent years, with some firms seeing ratios exceed 95%.
‘Pay It Forward’ Movement Takes Root at Seoul Protest Sites
SEOUL, Dec. 11 (Korea Bizwire) – Cafes near South Korea’s National Assembly have become centers of an impromptu “pay it forward” initiative, where supporters nationwide and abroad are purchasing refreshments in advance for protesters calling for President Yoon Suk Yeol’s impeachment. “A young voice called asking about our cheapest rice cakes, saying they wanted to pay for just 10 ...