SEOUL, Nov. 28 (Korea Bizwire) — NCSOFT Corp., a major South Korean game developer, finalized its decision to establish four new subsidiaries, including game studios, in an extraordinary meeting of shareholders, the company said Thursday. With the shareholders’ approval, the company will split off three game studios — FirstSpark Games, BigFire Games and Ludius Games [...]
SEOUL, Nov. 28 (Korea Bizwire) – Seoul’s urban skyline is set for a dramatic transformation as the city approved plans for ultra-high-rise apartment complexes reaching up to 250 meters in two prime locations: the affluent Apgujeong-dong neighborhood in Gangnam district and the emerging luxury district of Seongsu-dong. The Seoul Metropolitan Government announced on November 26 that [...]
SEOUL, Nov. 28 (Korea Bizwire) — Heavy snow blanketed South Korea’s capital area for the second consecutive day Thursday, with up to 40 centimeters of snowfall seen in parts of Seoul. A heavy snow advisory was in effect in all of Seoul as the accumulated snowfall reached 40.2 cm in Gwanak Ward and 27.1 cm [...]
SEOUL, Nov. 28 (Korea Bizwire) — Hyundai Motor Co. on Thursday introduced a new wearable robot device for industrial workers that increases working efficiency, reducing chances of musculoskeletal injuries. The company’s Robotics Lab, which is operated jointly with affiliate Kia Corp., unveiled the device, named X-ble Shoulder, at a tech day event held at Hyundai [...]
SEOUL, Nov. 28 (Korea Bizwire) — Samsung SDI Co., a battery and electronic materials manufacturing unit under Samsung Group, said Thursday it has appointed Choi Joo-sun, head of Samsung Display Co., as its new CEO as part of the group’s leadership reshuffle. Choi, 61, began his career as an engineer in a memory chip development [...]
SEOUL, Nov. 28 (Korea Bizwire) – South Korean food giant CJ Cheiljedang Corp. said Thursday it has begun selling an instant fried rice product for the first time in the United States. Korean barbecue-flavored fried rice under CJ Cheiljedang’s bibigo brand is now available at major grocery shops, including Walmart and Publix, and will be [...]
SEOUL, Nov. 28 (Korea Bizwire) – In a significant shift in tobacco policy, South Korea’s Ministry of Finance has indicated support for regulating synthetic nicotine products under the country’s Tobacco Business Act, following new research that challenges claims about their safety. A comprehensive study commissioned by the Ministry of Health and Welfare has found that synthetic [...]
HANOI, Nov. 28 (Korea Bizwire) – At the E-commerce Connection and Development Forum (ECCDF2024) held at the Hanoi Museum on November 26, Korean companies showcased their strategies to capture the Vietnamese market through products that offer both value for money and emotional satisfaction. Lim Young-ho, director of Skineralism, a cosmetics and food manufacturing company, revealed plans [...]
SEOUL, Nov. 28 (Korea Bizwire) – British sports car manufacturer Lotus announced through its South Korean subsidiary, Lotus Cars Korea, on November 27 that it is launching its electric SUV, the Eletre, in the domestic market. According to Lotus Korea, the Eletre offers exceptional value compared to competitors in its class, with a price tag approximately [...]
BUSAN, Nov. 28 (Korea Bizwire) – A new artistic photo zone featuring three distinctive lighthouse sculptures has been installed at the entrance of Chilam Port in Gijang, Busan, a coastal village known for its conger eel delicacies. The Busan Regional Office of Oceans and Fisheries announced on November 26 that it has collaborated with the Gijang [...]