South Korea Reduces Foreign Worker Quota for 2025 Amid …
SEOUL, Dec. 20 (Korea Bizwire) – South Korea will admit 130,000 foreign workers under the Employment Permit System (EPS) in 2025, a 21% reduction from this year’s 165,000 quota, according to the Ministry of Employment and Labor. The decision reflects changing labor demand due to economic shifts and increased reliance on alternative visa programs, such as E-7 and E-8.
KAIST Scientists Develop Breakthrough Method to Revert Colon …
DAEJEON, Dec. 23 (Korea Bizwire) – In a significant advance for cancer treatment, researchers at the Korea Advanced Institute of Science and Technology (KAIST) have developed a novel technique that transforms colon cancer cells into normal-like cells without destroying them, the institute announced on December 22. The research team, led by professor Cho Kwang-hyun from the Department of Bio ...
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 ...
Renault Korea to Equip Busan Factory for Electric Vehicles, Begins ...
BUSAN, Dec. 31 (Korea Bizwire) — Renault Korea announced plans to outfit its Busan plant with electric vehicle (EV) production facilities as it gears up to manufacture the Polestar 4 midsize electric SUV for export to North America starting in the latter half of 2025. This marks the plant’s first transition to EV production, with industry speculation mounting about the company’s plans ...
South Korean Farmers Stage Tractor Protest, Defying Police Ban …
SUWON & SEJONG, Dec. 20 (Korea Bizwire) – South Korea’s National Farmers Federation (Jeonnong) is pressing ahead with a tractor-led protest march to Seoul, demanding the arrest of President Yoon Suk Yeol and addressing agricultural issues, despite a police ban citing potential traffic disruption. Tensions are rising as the protest coincides with public anger over the …
Nexon and Ironmace Clash Over Copyright Dispute in ‘Dark and …
SEOUL, Dec. 18 (Korea Bizwire) – Nexon and Ironmace, embroiled in a three-year legal battle over the copyright of Dark and Darker, faced …
Gov’t Introduces Enhanced Subsidies and Policies for Electric …
SEOUL, Jan. 2 (Korea Bizwire) – South Korea’s Ministry of Environment announced on January 1 a series of policy changes for 2025, including enhanced subsidies for young buyers of electric vehicles (EVs) and expanded environmental initiatives. Young individuals aged 19 to 34 purchasing their first EV will now receive a 20% additional subsidy on …
Female Artists Dominate YouTube Korea’s Top Music Charts in 2024
SEOUL, Dec. 13 (Korea Bizwire) – Female artists claimed nine of the top 10 spots on YouTube Korea’s most popular songs list this year, marking a significant milestone for women in the Korean music industry. YouTube announced its domestic trends list on December 12, highlighting the year’s notable topics, creators, popular songs, and trending Shorts content.
South Korea's Antitrust Regulator Warns of Competition Risks in AI ...
SEOUL, Dec. 18 (Korea Bizwire) – South Korea’s antitrust watchdog has identified multiple structural factors that could restrict fair competition and harm consumer interests in the country’s generative artificial intelligence market, according to a policy report released on December 17. The Korea Fair Trade Commission (KFTC) announced plans to …
Korea Considers Establishing ‘KSMC’ to Bolster Semiconductor …
SEOUL, Dec. 19 (Korea Bizwire) – South Korean industry and academia have proposed creating a “KSMC” (Korea Semiconductor Manufacturing Company), modeled after Taiwan’s TSMC, to address challenges facing the nation’s semiconductor industry. The plan, revealed at a seminar held by the National Academy of Engineering of Korea (NAEK) on December 18, aims to build a balanced ecosystem ...