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 top [...]
SEOUL, Jan. 2 (Korea Bizwire) — LG Electronics Inc. said Thursday it plans to introduce its new mobility experience (MX) platform at the upcoming CES 2025, showcasing how artificial intelligence and Internet of Things (IoT) technologies can transform cars into personalized, multifunctional spaces. The MX platform aims to create a personalized space that can serve [...]
OXFORD, Jan. 2 (Korea Bizwire) — In 2006, renowned British demographer David Coleman, now 78 and an emeritus professor at Oxford University, made a stark prediction at a UN population forum: South Korea could become the first nation to face population extinction. Meeting at his Oxford home on December 28, Coleman reflected on his earlier warning, [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. on Thursday unveiled its strategic priorities for the new year, emphasizing aggressive innovation to lead in an artificial intelligence-driven future. In a joint New Year’s message, co-CEOs and Vice Chairmen Han Jong-hee and Jun Young-hyun shared their visions for the company, focusing [...]
SEOUL, Jan. 2 (Korea Bizwire) — “Squid Game” Season 2 became the most-watched show on Netflix during its release week, the streaming giant has said. According to Netflix’s Global Top 10 rankings for the week ending Sunday, the South Korean series accumulated over 480 million viewing hours. This staggering figure not only secured its position [...]
SEOUL, Jan. 2 (Korea Bizwire) — Acting President Choi Sang-mok directed the government on Thursday to expedite the provision of emergency living expenses to the families of victims of the tragic plane crash that claimed 179 lives. Choi’s order comes after the Jeju Air plane, carrying 181 people, belly-landed and exploded at an airport in [...]
SEOUL, Jan. 2 (Korea Bizwire) — The state anti-corruption agency is likely to proceed with a warrant to detain impeached President Yoon Suk Yeol as early as Thursday after a Seoul court granted the warrant over his brief imposition of martial law. The Seoul Western District Court issued the warrant against Yoon on Tuesday on [...]
SEOUL, Jan. 2 (Korea Bizwire) — With domestic consumption remaining sluggish, South Korean food companies are setting their sights overseas for growth in 2025, capitalizing on the surging global demand for Korean food products through new production facilities and market expansion strategies. CJ CheilJedang, a leading Korean food manufacturer, has unveiled plans to strengthen its presence [...]
GWANGJU, Jan. 2 (Korea Bizwire) — The first funeral for the victims of the fatal Jeju Air plane crash was held Thursday, five days after the disaster at Muan International Airport in southwestern South Korea claimed the lives of 179 people. The first funeral for the victim, whose identity was withheld, occurred at a funeral [...]
SEOUL, Jan. 2 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Thursday it is in the final stage of talks to build a US$160 million bakery plant in Texas under plans to expand its business in North and Latin American markets. SPC is fine-tuning with the City of Burleson in [...]