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 Koreans Flock to Gold Amid Political Turmoil and Global …
SEOUL, Dec. 13 (Korea Bizwire) – South Korean investors are increasingly turning to gold as a safe-haven asset, driven by a combination of domestic political turbulence and international geopolitical tensions. The trend comes as gold prices show signs of rebounding after a brief November dip, bolstered by news of renewed Chinese …
Counterfeit Currency Cases in South Korea Drop to Historic Low in …
2 days ago · SEOUL, Jan. 10 (Korea Bizwire) — The use of cashless payment methods, such as credit cards and digital wallets, has led to a record low number of counterfeit bills detected in South Korea last year, according to the Bank of Korea. In its report released on January 9, the central bank stated that only 143 counterfeit bills were identified in 2024, down from 197 in 2023.
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’s Supreme Court Sets New Standard for On-Call …
SEOUL, Dec. 11 (Korea Bizwire) – In a landmark ruling, South Korea’s Supreme Court has determined that allowances paid to nurses and clinical pathologists for “on-call duty” can only be considered part of their regular wages if they can prove they were under the hospital’s direct supervision and control during that time. The decision overturns earlier rulings and provides new ...
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 ...
Hyundai Motor Group Announces Record Domestic Investment …
2 days ago · Expanding Into Emerging Markets. Hyundai is accelerating investments in emerging markets such as India, Southeast Asia, and the Middle East: India: 3.2 trillion won by 2032 to modernize facilities and expand EV production. The acquisition of GM’s Pune plant, with an additional 1 trillion won investment, will raise Hyundai’s total Indian production capacity to 1.1 million vehicles annually.
2024 Was the Hottest Year on Record, KMA Says | Be Korea-savvy
3 days ago · SEOUL, Jan. 9 (Korea Bizwire) – The year 2024 was the warmest year in South Korea since modern record-keeping began 113 years ago, the state weather agency said Thursday, citing a surge in sea surface temperatures. The Korea Meteorological Administration (KMA) said the average annual temperature last year was 14.5 C, which is 2 C higher than the preceding 30-year average of 12.5 C.
Korean Tech Giants Brace for Potential Trump Trade Barriers
SEOUL, Dec. 10 (Korea Bizwire) – South Korean electronics manufacturers are closely monitoring potential trade policy shifts as President-elect Donald Trump continues to emphasize the importance of high tariffs on Korean-made washing machines. Industry observers are particularly concerned about Trump’s campaign promise to impose a universal 10-20% tariff on all imports, which could affect ...