SEOUL, March 26 (Korea Bizwire) — The Korea International Trade Association (KITA) said Wednesday it has hosted a forum themed on the reconstruction of Ukraine with business representatives from the Eastern European nation to strengthen bilateral ties in Kyiv’s postwar rebuilding efforts. The event was held Tuesday in Seoul in conjunction with a visit by [...]
SEOUL, March 26 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Wednesday it has signed a five-year deal with a Taiwanese company to supply batteries for residential energy storage systems (ESSs) in the United States. LGES will provide Delta Electronics, Inc. with lithium iron phosphate (LFP) batteries for the [...]
SEOUL, March 26 (Korea Bizwire) — The state arms procurement agency said Wednesday it has completed a project to upgrade simulators for the Army’s UH-60 Black Hawk helicopters as part of efforts to better train pilots. The military has sought upgrades to the aging simulators deployed in 2000 and 2008 that have suffered performance issues [...]
SEOUL, March 26 (Korea Bizwire) – The Navy held a ceremony Wednesday to honor sailors killed during the 2010 sinking of the Cheonan corvette by a North Korean attack in the Yellow Sea. The 1,200-ton warship sank near the western Northern Limit Line, a de facto inter-Korean maritime border, in March 2010, after a North [...]
SEOUL, March 26 (Korea Bizwire) – The government will join hands with export-related agencies to provide “all-out” support to South Korean companies in export business, the industry ministry said Wednesday. The Ministry of Trade, Industry and Energy held a joint conference in Seoul with various export-related agencies, including the Korea Customs Service, the Korean Intellectual [...]
SEOUL, March 26 (Korea Bizwire) – The chief of the country’s financial watchdog called on private equity firm MBK Partners Ltd. to be more responsible for the recent Homeplus fiasco Wednesday. Since last week, the Financial Supervisory Service (FSS) has been inspecting MBK Partners to look into whether there have been any flaws in the [...]
SEOUL, March 26 (Korea Bizwire) — The death toll from a wave of wildfires that tore through southeastern region has risen to 18, with one person missing, forest service officials said Wednesday, as firefighters still battled to contain the rapidly spreading blazes. The fires that began in Sancheong County in South Gyeongsang Province last Friday [...]
SEOUL, March 26 (Korea Bizwire) — South Korea’s major business groups have stepped up to support relief and recovery efforts for residents affected by recent wildfires in the country’s southeastern region, they said Wednesday. Hyundai Motor Group said it has donated 2 billion won (US$1.26 million) to aid the recovery in the areas hit by [...]
Winning in the outstanding organization of Internet and Technology category, the Award highlights its ongoing contributions to advancing artificial intelligence SINGAPORE, March 26, 2025 (Korea Bizwire) — Bitdeer AI, part of Bitdeer Technologies Group (NASDAQ: BTDR), an emerging AI cloud service provider, is proud to announce that it has been named a winner in the 2025 [...]
Principle Finance, a renowned provider of customised operating lease for aircraft in Australia, placed an order for 2 Challenger 650 aircraft. Purchase was confirmed during a signing ceremony at the opening of the Avalon Australian International Airshow in Australia. Through this agreement, Bombardier Defense continues to expand its presence in Australia and the Asia-Pacific region. AVALON, Australia, [...]