BUSAN, Dec. 31 (Korea Bizwire) — As bird strikes remain a persistent threat to aviation safety in South Korea, recent data underscores the risks faced by major airports, particularly Gimhae International Airport, which sits adjacent to one of the nation’s key migratory bird habitats. According to records obtained by Rep. Lee Yeon-hee from the Korea [...]
SEOUL, Dec. 31 (Korea Bizwire) — The top two divisions of South Korean professional football set a single-season record for ticket sales in 2024, data showed Tuesday. The Korea Professional Football League (K League) said 25 clubs in the top-flight K League 1 and the second-tier K League 2 combined to sell 42.5 billion won [...]
SEOUL, Dec. 31 (Korea Bizwire) — LG Electronics is set to strengthen its leadership in the premium gaming market with the introduction of groundbreaking OLED gaming monitors at CES 2025, the world’s largest consumer electronics and IT exhibition, in Las Vegas early next month. The company announced on December 30 that it will showcase two 45-inch [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korea will implement a new trade rule this week focusing on offering broader support for companies impacted by free trade agreements (FTAs) and other trade pacts, the industry ministry said Tuesday. The Act on Addressing Changes in Trade Environment, an upgraded version of the Act on Trade Adjustment [...]
SEOUL, Dec. 31 (Korea Bizwire) — A South Korean court has ruled that informal discussions about start dates and verbal indications of potential job acceptance following an interview do not constitute a binding employment contract. The decision also clarified that rescinding such offers does not qualify as unfair dismissal. On Monday, 2024, the Seoul Administrative [...]
SEOUL, Dec. 31 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will become the largest shareholder in a South Korean robotics startup, Rainbow Robotics, as part of its push for advancing robotics technologies including humanoid robots. The tech giant increased its stake in Rainbow Robotics to 35 percent by exercising a call option on [...]
SEOUL, Dec. 31 (Korea Bizwire) — Hyundai Motor Company and Kia Corporation announced on December 30 the launch of their Integrated Global Information System (IGIS), marking a significant advancement in their carbon emissions management capabilities. The newly developed IGIS represents a comprehensive approach to tracking carbon emissions throughout a vehicle’s entire life cycle, from raw material [...]
SEOUL, Dec. 31 (Korea Bizwire) — North Korean leader Kim Jong-un has sent a New Year’s letter to Russian President Vladimir Putin, vowing to further solidify bilateral military cooperation, the North’s state media reported Tuesday. “The New Year 2025 will be recorded as the first year of war victory in the 21st century when the [...]
SEOUL, Dec. 31 (Korea Bizwire) — Concerns are mounting within the low-cost carrier (LCC) industry that the image of budget airlines could be tarnished in the wake of the recent Jeju Air crash, according to industry watchers Tuesday, with industry players fearing a decline in demand for air travel. “It’s a somber atmosphere across the entire [...]
SEOUL, Dec. 31 (Korea Bizwire) — North Korean leader Kim Jong-un has inspected a new tourist zone along the country’s east coast, stressing that the project is the “first big step” in advancing the country’s tourism, state media reported Tuesday. Kim looked around newly completed hotels and other service facilities in the Kalma coastal tourist [...]