Koreabizwire | Be Korea-savvy
WEBSEOUL, Sept. 24 (Korea Bizwire) – A new government report paints a stark picture of South Korea’s demographic future, projecting that the country’s rapid aging and declining birth rates will outpace global trends over the next five decades. The Statistics Korea report, released on September 23, forecasts that by 2072, nearly half of South ...
S. Korea Faces Daunting Task of Fiscal Normalization while …
WEBSEOUL, Aug. 27 (Korea Bizwire) — The government’s proposal of maintaining a tight budget in 2025 illustrated its commitment to fiscal policy normalization amid the tax revenue shortfall, but calls for greater fiscal policy roles have also grown in the face of weak domestic demand and longer-term growth momentum, experts said Tuesday. The finance ministry proposed a 3.2 percent on-year ...
Delaffe Archives | Be Korea-savvy
WEBConvenience Store Chains Release Ice Products and Cold Beverages Amid Soaring Sales. SEOUL, April 18 (Korea Bizwire) – As the weather warms up in South Korea, major convenience store chains are releasing new spring and summer products ranging from iced tea and caffe lattes to plastic cups filled with ice cubes to drink a cold beverage out of.
About The Korea Bizwire - Be Korea-savvy
WEBWe created the Korea Bizwire with a simple motto: to be Korea-savvy to get ahead in the Asian age. Of late, Korea has come into the spotlight once again largely due to her dynamic cultural prowess — “Gangnam Style” by Psy is a typical example — but Korea is rich with other wonderful sources of pride, such as Korean cuisine, fashion ...
Global Tech Giants Gain Ground in South Korea’s Search Engine …
WEBAug 11, 2024 · Global tech giants Google and Microsoft’s Bing are steadily gaining market share, while local stalwarts Naver and Kakao’s Daum are seeing their once-ironclad grip on the market loosen. According to data from web analytics site Internet Trend, as of August 7, Naver was still leading the South Korean web search market with a 54.26% share.
Technology Archives - Be Korea-savvy
WEBFormer Samsung Executives Charged with Stealing Chip Technology for Chinese Firm. SEOUL, Sept. 28 (Korea Bizwire) – South Korean prosecutors have indicted two former semiconductor industry executives on charges of stealing cutting-edge memory chip technology from Samsung Electronics and using it to establish a rival company in China.
National Archives - Be Korea-savvy
WEBSEOUL, Sept. 26 (Korea Bizwire) – The South Korean government has announced a comprehensive plan to phase out the country’s dog meat industry by 2027, allocating more than 100 billion won in next year’s budget to support the closure of nearly 6,000 dog meat businesses nationwide. The Ministry of Agriculture, Food and Rural Affairs ...
Business Archives | Be Korea-savvy
WEBSEOUL, Sept. 27 (Korea Bizwire) – The South Korean government has announced a comprehensive plan to phase out the country’s dog meat industry by 2027, allocating more than 100 billion won in next year’s budget to support the closure of nearly 6,000 dog meat businesses nationwide. The Ministry of Agriculture, Food and Rural Affairs ...
deepfake Archives | Be Korea-savvy
WEBSEOUL, Aug. 28 (Korea Bizwire) — A court on Wednesday sentenced a deepfake crime suspect to five years in prison after finding him guilty of producing about 400 fabricated pornographic videos and distributing about 1,700 such videos online. The Seoul Central District Court handed out the sentence to the 28-year-old suspect, surnamed Park ...
Mercedes-Benz EV Fire in South Korea Linked to Chinese Battery …
WEBSEOUL, Aug. 6 (Korea Bizwire) – A recent fire involving a Mercedes-Benz electric vehicle in the underground parking garage of a large apartment complex in Incheon has been traced to a battery manufactured by Farasis Energy, a Chinese electric vehicle battery producer. According to the Ministry of Land, Infrastructure and Transport and industry sources, the battery cells in the Mercedes-Benz ...