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Government Moves to Let Tourists Tap In with Overseas Cards on Public Transit

SEOUL, Dec. 15 (Korea Bizwire) — South Korea is preparing to overhaul its public transit payment system to allow foreign visitors to ride buses and subways using the same credit cards they carry abroad, a shift aimed at easing one of the most persistent inconveniences for travelers. The Ministry of Land, Infrastructure and Transport has begun

December 15, 2025 | Policy and Regulation, Top News, Travel & Leisure | 0 Comments

Samsung Galaxy Tops Korea’s Brand Value Rankings for 15th Straight Year

SEOUL, Dec. 15 (Korea Bizwire) — Samsung Electronics’ Galaxy smartphone line has once again been named South Korea’s most valuable brand, extending its reign to 15 consecutive years, according to a widely watched industry index released Sunday. Branding consultancy Brandstock said Galaxy earned a Brand Stock Top Index (BSTI) score of 948 in its 2025 ranking

December 15, 2025 | Business, Top News | 0 Comments

AI Entrepreneurs Find Real-World Traction Through Korea’s TeX-Corps Program

SEOUL, Dec. 15 (Korea Bizwire) — Early-stage entrepreneurs using artificial intelligence to solve industrial problems are beginning to see tangible results, propelled by TeX-Corps (Tech EXploration Corps) — a commercialization program modeled after the U.S. National Science Foundation’s I-Corps that pushes researchers to validate their ideas through rapid, intensive customer discovery. The program, designed to help

December 15, 2025 | AI & Big Data, Business, Policy and Regulation, Technology, Top News | 0 Comments

Coast Guard Seizes 4,100 Counterfeit Luxury Goods; Global Brands Issue Rare Public Thanks

BUSAN, Dec. 15 (Korea Bizwire) — South Korea’s Coast Guard has arrested a smuggling ring accused of importing thousands of counterfeit luxury goods from China and selling them online, prompting several global fashion houses to issue formal letters of appreciation — an unusually public response from brands that rarely acknowledge enforcement actions. The South Regional Coast

December 15, 2025 | Beauty & Fashion, Retail & Consumer, Society, Top News | 0 Comments

Samsung Says AI-Driven Laundry Feature Cuts Energy Use by 30%

SEOUL, Dec. 15 (Korea Bizwire) — Samsung Electronics said Sunday that its AI-powered energy-saving mode for home appliances has been shown to reduce electricity consumption in high-efficiency washing machines by roughly 30 percent, based on one of the largest real-world validations conducted in the industry. The findings come from a yearlong study Samsung carried out with

December 15, 2025 | Home Appliances, Technology, Top News | 0 Comments

Hyundai’s Hydrogen-Powered Nexo Earns Top Safety Rating in Europe

SEOUL, Dec. 15 (Korea Bizwire) — Hyundai Motor’s hydrogen fuel-cell SUV, the All-New Nexo, has received the highest possible safety rating from Europe’s premier new-car testing program, the company said Sunday, marking another milestone for the automaker’s expanding lineup of alternative-energy vehicles. The Nexo earned five stars in the latest Euro NCAP evaluation, recognized for maintaining

December 15, 2025 | Business, Hydrogen/Nuclear & Renewable Energy, Mobility, Top News | 0 Comments

Stocks Emerge as Top Bet for Korea’s Wealthy as Their Ranks Continue to Grow

SEOUL, Dec. 15 (Korea Bizwire) — South Korea’s wealthy population continued to grow last year, exceeding 476,000 individuals with more than 1 billion won (about $760,000) in financial assets, according to a new report that highlights widening asset gaps and a renewed appetite for stock investments despite a climate of economic uncertainty. The 2025 Korea Wealth

December 15, 2025 | By the Numbers, Economy, Financial Market, Personal Finance, Real Estate, Survey & Research, Top News | 0 Comments