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South Korean Corporate Giants Convene Strategy Meetings Amid Global Uncertainty

South Korean Corporate Giants Convene Strategy Meetings Amid Global Uncertainty

SEOUL, Dec. 13 (Korea Bizwire) – Amid growing geopolitical and economic uncertainties, including escalating U.S.-China tensions and the anticipated inauguration of Donald Trump’s second term, South Korea’s major corporations are conducting high-level strategy meetings to fine-tune their business plans for 2024. Samsung Electronics to Focus on Core Competitiveness Samsung Electronics will host its biannual Global [...]

Japan Emerges as South Korea’s Top Export Rival, Study Shows

Japan Emerges as South Korea’s Top Export Rival, Study Shows

SEOUL, Dec. 13 (Korea Bizwire) – A new analysis has revealed that Japan stands as South Korea’s strongest competitor in global exports, with the two countries sharing nine out of their top 10 export items. According to a report titled “Analysis of Global Competition Trends in Top 10 Export Items” released by the Korea Trade-Investment Promotion [...]

S. Korea’s Overseas Direct Investment Falls for 3rd Quarter amid Uncertainty

S. Korea’s Overseas Direct Investment Falls for 3rd Quarter amid Uncertainty

SEOUL, Dec. 13 (Korea Bizwire) – South Korea’s overseas direct investment fell for the third consecutive quarter in the July-September period amid uncertainties in the global economy and geopolitical risks, the finance ministry said Friday. Investments made by South Korean companies overseas totaled US$14.19 billion in the third quarter, down 6 percent from $15.1 billion [...]

Protests in South Korea Highlight Revival of Older Smartphones with DMB Functionality

Protests in South Korea Highlight Revival of Older Smartphones with DMB Functionality

SEOUL, Dec. 13 (Korea Bizwire) – Amid disruptions to mobile networks during large-scale protests calling for the impeachment of the president, older smartphones equipped with terrestrial DMB (Digital Multimedia Broadcasting) technology have become unexpectedly essential. The technology, which allows users to watch live broadcasts without relying on mobile networks, is gaining renewed attention for its [...]

Coca-Cola Enters Premium Water Market as Industry Leader’s Grip Loosens

Coca-Cola Enters Premium Water Market as Industry Leader’s Grip Loosens

SEOUL, Dec. 13 (Korea Bizwire) – With South Korea’s bottled water industry facing growing competition, Coca-Cola Beverage is making its bid for the premium segment with a new product launch, adding another player to an increasingly crowded market where longtime leader Jeju Samdasoo has seen its market share slip below 40%.  Coca-Cola announced on December 12 [...]

Gov’t to Conduct Flight Demonstration of Commercial-level Air Taxi Model This Week

Gov’t to Conduct Flight Demonstration of Commercial-level Air Taxi Model This Week

SEOUL, Dec. 13 (Korea Bizwire) — The transport ministry said Friday it will conduct a flight demonstration of a commercial-level air taxi model this week as part of a government project to introduce the urban air mobility (UAM) industry in the country. The ministry will demonstrate the operation of the S-4 model built by U.S. [...]

Unionized Workers of State-run Bank to Stage Strike over Wage Deal

Unionized Workers of State-run Bank to Stage Strike over Wage Deal

SEOUL, Dec. 13 (Korea Bizwire) — Unionized workers of the state-run Industrial Bank of Korea (IBK) have voted to stage a general strike later this month over failed wage negotiations with the management, union officials said Friday. More than 80 percent of the unionized workers at the policy lender voted Thursday to stage a general [...]