South Korea's Retail Landscape Faces Shifts as Duty-Free Sector ...
SEOUL, Dec. 3 (Korea Bizwire) – South Korea’s duty-free sector is grappling with declining performance as foreign tourists increasingly favor road shops and specialty stores, such as health and beauty retailer Olive Young, over traditional duty-free outlets. This trend was highlighted at the “2025 Retail Industry Outlook Seminar” held by …
South Korea to Host First International Fingerprint Examination ...
SEOUL, Oct. 15 (Korea Bizwire) – The National Police Agency of South Korea announced on October 15 that it will host the inaugural International Fingerprint Examination Competition on November 28, marking a global first for the forensic science community. While previous competitions have focused on evaluating fingerprint recognition software, this event will be the first to pit fingerprint ...
Corporate Governance in South Korea Shifts Toward Transparency …
SEOUL, Dec. 6 (Korea Bizwire) – South Korea is witnessing a steady shift toward transparent corporate governance as more conglomerates adopt holding company structures. However, concerns are mounting over indirect investments via overseas subsidiaries, potentially enabling unfair internal transactions and abuse of authority.
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 Korean Consumers Embrace ‘Newmiliar’ Products in 2024, …
SEOUL, Dec. 5 (Korea Bizwire) – CJ OnStyle, a major South Korean online retailer, has identified “newmiliar” as the defining consumer trend of 2024, describing a preference for products that combine familiarity with innovative twists. The term “newmiliar,” a portmanteau of “new” and “familiar,” emerged from the company’s analysis of sales data across its most popular 180 ...
Korean Companies Boost Generous Incentives to Encourage Births
SEOUL, Dec. 5 (Korea Bizwire) — Amid South Korea’s declining birthrate, corporations are stepping up with innovative and generous measures to support employees who choose to have children. From cash incentives to tailored family support policies, the private sector is playing a growing role in addressing the country’s demographic challenges.
Rolls-Royce Opens Bespoke Design Hub in Seoul's Iconic Lotte …
SEOUL, Nov. 28 (Korea Bizwire) – Rolls-Royce Motor Cars has unveiled its bespoke design studio, “Private Office Seoul,” located in the prestigious Lotte World Tower in Seoul, the company announced Thursday. The space offers a heightened level of customization, surpassing the tailored services traditionally available at Rolls-Royce showrooms in Cheongdam and Busan.
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South Korea’s Population Imbalance Grows as Urbanization Accelerates. SEOUL, Jan. 4 (Korea Bizwire) — South Korea’s population distribution continues to tilt heavily toward the Seoul metropolitan area, with the gap between urban and rural populations reaching an all-time high in 2024, according to government data released on January 3, 2025.
NCsoft Expands into Casual Gaming with New Lineage-Based Project
SEOUL, Dec. 6 (Korea Bizwire) – NCsoft, the South Korean gaming giant, has initiated development of a new casual game based on its Lineage intellectual property, following the recent release of Journey of Monarch, according to gaming industry sources.. The company posted job listings on December 2 for content planners for what it describes as a “new casual” project.
South Korea Unveils Cutting-Edge 5G-Enabled Drone Technology …
SEOUL, Dec. 4 (Korea Bizwire) – In a groundbreaking development, South Korea’s Aerospace Agency, in collaboration with the Electronics and Telecommunications Research Institute (ETRI), showcased a pioneering drone platform that integrates data, networks, and artificial intelligence (DNA) for real-time search and rescue operations. At …