South Korean President Declares Martial Law Amid Heightened …
SEOUL, Dec. 3 (Korea Bizwire) – President Yoon Suk Yeol declared martial law on December 3, pledging to “rebuild and safeguard the Republic of Korea from descending into ruin.” The announcement came during an emergency briefing held at the presidential office in Yongsan, Seoul. In response, Defense Minister Kim Yong-hyun convened a late-night meeting with senior military commanders ...
South Korea Faces Growing Concerns Over Rising Youth …
SEOUL, Dec. 3 (Korea Bizwire) – South Korea is witnessing a sharp rise in young people opting out of work or job-seeking, raising fears of a growing NEET (Not in Education, Employment, or Training) population, according to a recent report by the Bank of Korea. The study, released on Monday, reveals that the number of young people aged 25 …
Gov't to Allow Trial-based Autonomous Highway Freight …
SEOUL, Dec. 2 (Korea Bizwire) — Long-distance freight transport using autonomous vehicles will begin trial operations on highways as part of an initiative to promote self-driving technology, the transport ministry said Monday. The ministry said it designated six new autonomous vehicle test zones, including those on major highways and areas in the cities of Suwon, Hwaseong and Yongin, as well ...
Real-Time Social Media Coverage Shapes South Korea’s …
SEOUL, Dec. 4 (Korea Bizwire) – South Korea witnessed an unprecedented moment in its democratic history on December 4, as President Yoon Suk-yeol’s declaration of martial law and its subsequent annulment by the National Assembly were live-streamed and widely shared on social media, condensing 155 minutes of high-stakes political tension into a nationwide spectacle.
Auto Recalls in South Korea Hit Record High in 2024, Led by …
SEOUL, Dec. 23 (Korea Bizwire) – A record number of vehicles have been recalled in South Korea this year due to manufacturing defects, according to data released by the Korea Transportation Safety Authority’s Auto Recall Center on December 22. The center reported that 5,142,988 vehicles across 1,684 models underwent recalls in 2024, tripling last year’s figure of 1,691,870 and ...
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 ...
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 Korean Robot Makes History by Completing Full Marathon
SEOUL, Nov. 18 (Korea Bizwire) – A quadrupedal robot developed by the Korea Advanced Institute of Science and Technology (KAIST) has become the first of its kind to complete a full marathon, marking a significant milestone in robotics technology. The robot, named Raibo2, finished the 2024 Sangju Persimmon Marathon’s full course (42.195 km) in 4 hours, 19 minutes, and 52 seconds on November ...
Seoul Launches Culinary Tourism Experiences Inspired by Korean …
SEOUL, Nov. 27 (Korea Bizwire) – Seoul is offering foreign tourists an opportunity to immerse themselves in Korean culinary culture through food tourism programs inspired by popular Korean dramas, the city government announced Wednesday. One highlight is the Permanent Cooking Class, held twice weekly on Thursdays and Sundays …
Tough Road Ahead: S. Korea Braces for Further Economic …
SEOUL, Dec. 26 (Korea Bizwire) — Kim Jin-ha, a 78-year-old small clothing shop owner in Seoul’s Yeomni-dong, begins his day arranging clothing displays and preparing his store for the day’s customers. Despite his dedication of 25 years to the store, Kim says he has seen his profits steadily decline, as sluggish consumer spending has …