SEOUL, Dec. 16 (Korea Bizwire) — For the 2024-2025 season, the International Skating Union (ISU) rebranded its Short Track Speed Skating World Cup as the Short Track World Tour. And the name change only tells a small part of the story. From teams adopting nicknames — such as the White Tigers for South Korea, the [...]
SEOUL, Dec. 16 (Korea Bizwire) — South Korea’s major corporations, including Samsung, SK, Hyundai, and LG, are closely monitoring the political and economic fallout following the impeachment of President Yoon Suk-yeol. As the nation grapples with heightened uncertainty, compounded by the anticipated inauguration of Donald Trump’s second U.S. presidency, businesses are taking cautious steps to [...]
SEOUL, Dec. 16 (Korea Bizwire) — Hanwha Aerospace Co., a major South Korean defense equipment manufacturer, said Monday it has appointed Michael Coulter, former president of global defense firm Leonardo DRS International, to oversee its overseas business operations. In the company’s newly created position of global defense CEO, Coulter will be responsible for overseeing the [...]
SEOUL, Dec. 16 (Korea Bizwire) – President Yoon Suk Yeol’s ambitious industrial agenda, including a focus on nuclear energy, offshore gas development, and semiconductor industry support, faces potential setbacks following his impeachment by the National Assembly on December 14. Industry experts warn that any weakening of government semiconductor support could cause South Korea to miss a crucial [...]
SEOUL, Dec. 16 (Korea Bizwire) – Hyundai AutoEver Corp., the information technology affiliate of Hyundai Motor Group, said Monday it has established a joint venture in Indonesia to develop navigation maps for the Southeast Asian country and many others in the region. The new firm, named Terra Link Technologies, has been jointly established with India’s [...]
SEOUL, Dec. 16 (Korea Bizwire) — After taking the South Korean league by storm this year, the 18-year-old sensation Yang Min-hyeok left for London on Monday to join Tottenham Hotspur in the middle of their season. Yang will also get to meet Spurs’ South Korean-born captain Son Heung-min, 14 years his senior and a living [...]
SEOUL, Dec. 16 (Korea Bizwire) — With two helpers in his latest match, Son Heung-min has become Tottenham Hotspur’s all-time leader in assists in Premier League play. Son scored a goal and set up two others in Tottenham’s 5-0 rout of Southampton at St. Mary’s Stadium in Southampton, England, on Sunday (local time). The captain [...]
SEJONG, Dec. 16 (Korea Bizwire) – Container shipping costs from South Korea to China rose in November, reversing the decline recorded the previous month, the customs agency said Monday. The average shipping cost for a 40-foot container from South Korea to China climbed 14.4 percent from a month earlier to 839,000 won (US$583.93) in November, according to [...]
SEOUL, Dec. 16 (Korea Bizwire) — Finance Minister Choi Sang-mok reiterated Monday that uncertainties from the recent martial law debacle have eased following the impeachment of President Yoon Suk Yeol, emphasizing the country’s robust economic system. Choi made the remarks during the opening session of a regional economic forum in Seoul attended by domestic and [...]
SEOUL, Dec. 16 (Korea Bizwire) — The joint investigation unit into the martial law turmoil said Monday it will ask President Yoon Suk Yeol to appear for questioning this week over his failed attempt to impose the decree earlier this month. The joint team between the police, the Corruption Investigation Office for High-ranking Officials (CIO) [...]