SEOUL, March 24 (Korea Bizwire) — South Korean companies are entering the competitive field of AI reasoning models, following the global excitement sparked by DeepSeek’s breakthrough R1 model. Upstage, a South Korean AI startup, plans to release its reasoning-focused AI model in the latter half of 2025, according to industry sources. This follows LG AI Research’s March [...]
SEOUL, March 24 (Korea Bizwire) — K-pop girl group NJZ, formerly known as NewJeans, has said it will suspend all music activities in compliance with a recent court ruling. “We have decided to stop all activities for the time being in accordance with the court ruling. It wasn’t an easy decision but a necessary one,” [...]
SEOUL, March 21 (Korea Bizwire) — The Bank of Korea has called for aggressive corporate investment and bold regulatory easing to accelerate South Korea’s service exports, emphasizing the need to build an independent content export infrastructure that doesn’t rely on foreign platforms. In a report titled “Current Status and Future Direction of South Korea’s Service [...]
SEOUL, March 21 (Korea Bizwire) — Hyundai Motor Group is accelerating efforts to expand its production footprint in the United States, amid U.S. President Donald Trump’s continued call for foreign companies to manufacture in the country to do business there, according to industry observers Friday. According to the industry sources, the group plans to hold [...]
SAN SALVADOR, El Salvador, March 21, 2025 (Korea Bizwire) – Bitget Wallet, a leading Web3 non-custodial wallet, has officially introduced Super DEX, a next-generation swap experience within Bitget Wallet with smart trading, omni-chain access to 130+ blockchains and millions of tokens. As the demand for decentralized trading grows, Super DEX combines intelligent trade execution, seamless cross-chain swaps, [...]
SEOUL, March 21 (Korea Bizwire) — North Korea has successfully test-fired its latest surface-to-air missile system, which was recently put into full-scale production, as leader Kim Jong-un oversaw the test, state media reported Friday. The test-firing was conducted by the country’s Missile Administration on Thursday to “examine the comprehensive performance” of the missile system being [...]
SEOUL, March 21 (Korea Bizwire) — North Korean leader Kim Jong-un has inspected a military dockyard in the western port city of Nampho and ordered a rapid increase in shipbuilding capacity to bolster its naval forces, state media reported Friday. Kim gave “field guidance” at the Nampho Dockyard on Thursday and inspected its various production [...]
SEOUL, March 21 (Korea Bizwire) — Two North Koreans aboard a wooden boat drifting in the Yellow Sea were discovered earlier this month and are now under questioning, military officials said Friday. The military took the two men into custody after a P-3 maritime patrol aircraft discovered the boat in waters 170 kilometers west of [...]
SEOUL, March 21 (Korea Bizwire) — South Korea’s lead in their group in the FIFA World Cup qualifiers now stands at three points with three matches left in the ongoing round. South Korea stayed atop the Group B tables with 15 points after getting held to a 1-1 draw by Oman at home Thursday in [...]
SEOUL, March 21 (Korea Bizwire) — Seven out of 10 South Koreans are willing to pay more for products from companies that actively pursue environmental, social and government (ESG) management, a local survey showed Friday. In the survey of 3,000 people aged 18 and older conducted by the Federation of Korean Industries (FKI) and Hankook [...]