Korea Bizwire, Author at Be Korea-savvy | Page 109 of 722
Samsung Biologics Wins 2.07 Tln-won Manufacturing Deal in Europe

Samsung Biologics Wins 2.07 Tln-won Manufacturing Deal in Europe

SEOUL, Jan. 14 (Korea Bizwire) — Samsung Biologics Co., a biotech arm of South Korea’s Samsung Group, said Tuesday it has received a contract manufacturing deal worth 2.07 trillion won (US$1.4 billion) from a Europe-based biopharmaceutical firm. In the largest-ever contract manufacturing deal, Samsung Biologics will manufacture a biomedicine for the European company from Dec. [...]

N. Korea Fires Multiple Short-range Ballistic Missiles toward East Sea: JCS

N. Korea Fires Multiple Short-range Ballistic Missiles toward East Sea: JCS

SEOUL, Jan. 14 (Korea Bizwire) — North Korea launched suspected multiple short-range ballistic missiles toward the East Sea on Tuesday, South Korea’s military said, in a provocation staged just days before U.S. President-elect Donald Trump takes office. The Joint Chiefs of Staff (JCS) said it detected the launch at about 9:30 a.m. from the Ganggye [...]

BTS Becomes First K-pop Group to Reach 2 Bln Spotify Streams with ‘Dynamite’

BTS Becomes First K-pop Group to Reach 2 Bln Spotify Streams with ‘Dynamite’

SEOUL, Jan. 14 (Korea Bizwire) — K-pop boy group BTS’ 2020 global megahit “Dynamite” has achieved 2 billion streams on global music streaming giant Spotify, the group’s agency, BigHit Music, said Tuesday. This achievement makes BTS the first K-pop group to reach such a milestone. Among solo artists in the industry, BTS member Jungkook became [...]

South Korean Broadcasters Sue Naver Over Unauthorized AI Use of News Content

South Korean Broadcasters Sue Naver Over Unauthorized AI Use of News Content

SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s three major terrestrial broadcasters—KBS, MBC, and SBS—have filed a lawsuit against tech giant Naver for unauthorized use of their news articles in training its generative artificial intelligence models, HyperCLOVA and HyperCLOVA X. This marks the first legal action by South Korean media outlets against a big tech [...]

KB Kookmin Bank Faces Potential Strike Over Bonus Dispute

KB Kookmin Bank Faces Potential Strike Over Bonus Dispute

SEOUL, Jan. 14 (Korea Bizwire) — KB Kookmin Bank’s labor union has filed for dispute mediation with the National Labor Relations Commission, demanding a performance bonus equivalent to 300% of base salary and an additional 10 million won in special incentives. If mediation fails, this could lead to the bank’s first general strike since 2019. [...]

Gov’t Tightens Safety Measures on Imported Cosmetics Amid Rising Overseas Purchases

Gov’t Tightens Safety Measures on Imported Cosmetics Amid Rising Overseas Purchases

SEOUL, Jan. 14 (Korea Bizwire) — In response to the growing trend of direct overseas purchases of cosmetics through international online platforms, South Korea’s Ministry of Food and Drug Safety (MFDS) announced on Monday, that it will strengthen safety regulations to prevent consumer harm. This initiative will be carried out in collaboration with the Korea [...]

Audi Korea Plans Record-Breaking Product Offensive in 2025

Audi Korea Plans Record-Breaking Product Offensive in 2025

SEOUL, Jan. 14 (Korea Bizwire) — Audi Korea has announced its most ambitious product launch schedule since entering the Korean market in 2004, with plans to introduce 16 new models this year alongside an expansion of its sales and service network to better meet customer needs.  The announcement came during the company’s New Year media roundtable [...]

STACK Infrastructure Announces 220MW Campus in Malaysia

STACK Infrastructure Announces 220MW Campus in Malaysia

STACK strengthens its APAC presence with a cutting-edge development in Johor Bahru SINGAPORE, Jan. 14 (Korea Bizwire) – STACK Infrastructure (“STACK”), the digital infrastructure partner to the world’s most innovative companies and a leading global developer and operator of data centers, today announced its entry into Malaysia, recognized as the fastest-growing data center market in Asia-Pacific​​. The [...]