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. The EPS allows ...

LAS VEGAS, Jan. 13 (Korea Bizwire) — South Korea’s K-beauty industry showcased cutting-edge innovations at CES 2025, held January 7-10, reinforcing its commitment to integrating advanced technologies like artificial intelligence (AI) into the beauty sector. Industry experts predict that this ...

South Korean Stock Market Rises for Fifth Consecutive Week Amid Global Trade Concerns SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s stock market extended its winning streak last week, buoyed by investor relief over a tempered approach from the second Trump administration, which had raised fears of aggressive trade policies. The KOSPI index climbed 13.25 points (0.52%) to close at 2,536.80 ...

Nov 8, 2024 · Korean Baseball Cheerleader Who Sparked Viral ‘Pikki Pikki’ Dance Draws Interest from Taiwan Posted on November 8, 2024 by Korea Bizwire in Lifestyle, Sports & Entertainment, Top News with 0 Comments

SEOUL, Dec. 23 (Korea Bizwire) – South Korea is implementing new graphic health warnings and text messages on cigarette packages …

SEOUL, Jan. 2 (Korea Bizwire) — The Ministry of Food and Drug Safety (MFDS) announced significant reforms to streamline drug approval processes in 2025, including reducing the time required for registering imported active pharmaceutical ingredients (APIs) and simplifying compliance procedures for ...

SEOUL, Dec. 30 (Korea Bizwire) — A joint investigation team said Monday it has sought an arrest warrant for President Yoon Suk Yeol …

SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s Ministry of Culture, Sports and Tourism, in collaboration with the Visit Korea Committee, announced on January 15 the launch of the 2025 Korea Grand Sale, the largest edition to date. The event will run until February 28, aiming to attract foreign tourists during the off-peak winter season …

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 ...

SEOUL, Jan. 3 (Korea Bizwire) — In their New Year’s messages, chief executives of South Korea’s three major telecommunications companies and leading platform and gaming firms highlighted plans to expand artificial intelligence operations and boost revenue generation in 2025. The heads of ...