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Korean Fashion Brands Expand Globally with Premium Strategy, Following K-Beauty’s Success

SEOUL, Jan. 13 (Korea Bizwire) — In a significant shift from K-Beauty’s initial value-focused approach, Korean fashion companies are pursuing international expansion with an emphasis on premium positioning and distinctive design, industry sources reported on January 12. Major Korean fashion houses are increasingly looking overseas amid domestic market challenges, including economic slowdown and unusual weather patterns [...]

Netflix Goes to Extreme Lengths to Keep ‘Squid Game’ Secrets Safe

SEOUL, Jan. 13 (Korea Bizwire) — The global fight against spoilers has taken a new turn, with Netflix implementing extraordinary security measures for its hit series “Squid Game” Season 2, including astronomical penalty clauses and strictly limited script access for its cast members. “I didn’t know anything that happened after my character died,” said Lee Seo-hwan, [...]

S. Korea’s Nuclear Energy Industry Exports Hit New High in 2023

SEOUL, Jan. 10 (Korea Bizwire) — South Korea’s exports in the nuclear energy sector reached a record high of 32 trillion won (US$21.9 billion) in 2023, data showed Friday. The figure represents a 26 percent increase from the 25.4 trillion won recorded in 2022, according to the Ministry of Trade, Industry and Energy. The Korea [...]

South Korea Eyes U.S. Partnership to Bolster Booming Shipbuilding Sector

SEOUL, Jan. 10 (Korea Bizwire) — South Korea is ramping up its global leadership in shipbuilding by forging a new partnership with the United States and advancing next-generation maritime technologies. The government announced plans to establish a cross-departmental task force to strengthen collaboration with Washington, particularly in ship maintenance, repair, and overhaul (MRO), aligning with [...]

N. Korea Includes Russian Language in Official Postal Stamp Description for 1st Time

SEOUL, Jan. 10 (Korea Bizwire) — North Korea has included Russian in the description of its new postal stamps set to be issued in the new year, the website of its stamp agency showed Friday, reflecting the country’s growing alignment with Russia. A stamp release notice uploaded on the Korea Stamp Corp.’s website included images [...]

Environmental Group Urges Legal Rights for Jeju’s Indo-Pacific Bottlenose Dolphins

JEJU, Jan. 10 (Korea Bizwire) — Hot Pink Dolphins, a marine conservation organization, issued a statement on January 9 calling for swift parliamentary passage of an amendment to Jeju’s Special Act that would introduce a groundbreaking “ecological corporation” system. The proposed amendment, currently awaiting review by the National Assembly’s Public Administration and Security Committee, would allow [...]

SK Hynix Teams Up with SK Telecom, Penguin Solutions for AI Data Center Biz

LAS VEGAS, Jan. 9 (Korea Bizwire) — South Korean chip giant SK hynix Inc. said Thursday it has partnered with SK Telecom Co. and U.S. artificial intelligence computing company Penguin Solutions Inc. to advance the AI data center industry through joint research and development and commercialization efforts. The trilateral agreement, signed on the sidelines of [...]

Seoul’s Over-50 Population Drives Consumer Spending Surge

SEOUL, Jan. 10 (Korea Bizwire) — Seoul residents aged 50 and above have significantly increased their spending over the past five years, while consumption among those in their 40s has remained flat or declined in many sectors, according to a recent study. According to a research report released on January 9 by the Seoul 50 Plus [...]

LG Energy Signs 7-year Battery Supply Deal with U.S. EV Startup

SEOUL, Jan. 10 (Korea Bizwire) — LG Energy Solution Ltd., South Korea’s leading battery maker, said Friday it has signed a seven-year battery supply deal with U.S. electric vehicle startup Aptera Motors Corp. LG Energy signed a three-way agreement with Aptera Motors and Korean battery pack maker CTNS to provide the U.S. company with its [...]

Hyundai Motor Group Partners with Nvidia to Develop AI Solutions for Future Mobility

SEOUL, Jan. 10 (Korea Bizwire) — Hyundai Motor Group said Friday it has formed a strategic partnership with Nvidia Corp. for the development of advanced artificial intelligence (AI) technologies related to future mobility. Through the partnership signed in Las Vegas on Thursday (local time), the group plans to enhance key mobility solutions, including those for [...]