SEOUL, Dec. 5 (Korea Bizwire) — Han Dong-hoon, the leader of the ruling People Power Party (PPP), said Thursday he will make efforts to unite his party to block the passage of an opposition-led motion to impeach President Yoon Suk Yeol. Han made the remark after the main opposition Democratic Party (DP) and five other [...]
SEOUL, Dec. 5 (Korea Bizwire) — Former Defense Minister Kim Yong-hyun ordered troops to infiltrate the National Assembly and block lawmakers from entering the compound during martial law, vice defense minister said Thursday. Vice Defense Minister Kim Seon-ho made the remark in response to a lawmaker’s question in a parliamentary session, as South Korea is [...]
SEOUL, Dec. 5 (Korea Bizwire) — Unionized workers at Hyundai Motor Co. will stage a partial strike this week in solidarity with an umbrella labor union’s walkout against President Yoon Suk Yeol’s short-lived martial law declaration, according to the company’s union Thursday. Hyundai’s 43,000-strong union will hold a four-hour strike each on Thursday and Friday [...]
SEOUL, Dec. 5 (Korea Bizwire) — Health Minister Cho Kyoo-hong said Thursday that he did not agree with President Yoon Suk Yeol’s declaration of martial law earlier this week, which was lifted approximately six hours later. “I did not agree with it,” Cho said during a parliamentary session when asked about his participation in a [...]
SEOUL, Dec. 5 (Korea Bizwire) — Some train and subway lines experienced delays and cancellations Thursday after unionized workers of the national railway operator launched an indefinite general strike. Subway Lines 1, 3 and 4 in the capital area, as well as high-speed KTX trains and regular trains, were being delayed or canceled as workers [...]
Correcting Guidance for Fiscal Year 2025 Non-GAAP net income attributable to nCino per diluted share Total Revenues of $138.8M, up 14% year-over-year Subscription Revenues of $119.9M, up 14% year-over-year GAAP Operating Margin of (1)%, up ~1,000 basis points year-over-year Non-GAAP Operating Margin of 20%, up ~350 basis points year-over-year WILMINGTON, N.C., Dec. 4 (Korea Bizwire) — nCino, Inc. (NASDAQ: NCNO), the leading [...]
SEOUL, Dec. 5 (Korea Bizwire) – South Korea’s Ministry of Environment announced plans to revise regulations governing saline wastewater discharge from secondary battery production, aiming to better assess its ecological impact on marine environments. The proposed amendments to the Water Environment Conservation Act and the Sewerage Act will be open for public comment starting December [...]
SEOUL, Dec. 5 (Korea Bizwire) – In a bold move to promote sustainable energy, Seoul announced the selection of two major development projects to incorporate water-based thermal energy systems: the Jamsil Sports & MICE Complex and the Seongsu-dong K-Project. The decision marks a significant step in reducing carbon emissions and energy costs in large-scale urban [...]
SEOUL, Dec. 5 (Korea Bizwire) – CJ OnStyle, a major South Korean online retailer, has identified “newmiliar” as the defining consumer trend of 2024, describing a preference for products that combine familiarity with innovative twists. The term “newmiliar,” a portmanteau of “new” and “familiar,” emerged from the company’s analysis of sales data across its most popular [...]
SEOUL, Dec. 5 (Korea Bizwire) – Microsoft has become the first global tech giant to receive security certification for cloud services in South Korea’s public sector, potentially paving the way for the company to introduce artificial intelligence tools in the nation’s schools. The certification, known as CSAP, was granted by the Korea Internet & Security Agency [...]