SEOUL, Nov. 12 (Korea Bizwire) — South Korean banks will begin operations an hour later than usual on Thursday due to the national college entrance exam, a local association of banks said Tuesday. Around 520,000 high school seniors and graduates were to take the College Scholastic Ability Test (CSAT) on Thursday. In a move to [...]
SEOUL, Nov. 12 (Korea Bizwire) — Samsung Electronics Co. will expand its semiconductor package facilities in South Chungcheong Province to boost production of high bandwidth memory (HBM) chips, company officials said Tuesday. Under a memorandum of understanding with the provincial government, Samsung Electronics will convert an underused liquid crystal display plant owned by Samsung Display [...]
SEOUL, Nov. 12 (Korea Bizwire) – Controversy has erupted after Eric, a member of K-pop group The Boyz, mistakenly shared photos of condoms packaged to look like Pepero snacks on social media, prompting an apology from the condom manufacturer Bareun Saenggak. The incident occurred on November 11 when Eric posted a handwritten letter to fans for [...]
SEOUL, Nov. 12 (Korea Bizwire) – BMW Group Korea announced plans to expand its regional distribution center (RDC) in Anseong, investing an additional 65 billion won over the next three years to increase the facility’s size by approximately 50%. The announcement came during a press briefing held on November 11 at the Anseong parts center for [...]
SEOUL, Nov. 12 (Korea Bizwire) – LG Electronics announced on November 11 the launch of its latest mobility innovation, the Digital Cockpit Gamma, a new concept that reimagines the driving experience through advanced automotive technology. This marks the third iteration in the company’s forward-looking cockpit series, following the Alpha and Beta versions released last year. The [...]
SEOUL, Nov. 12 (Korea Bizwire) – Happy and Joy, two Alabai dogs gifted to President Yoon Suk Yeol and the First Lady during their Central Asian tour, were relocated to their new home at Seoul Grand Park in Gwacheon on the 11th. According to a press release from the presidential office, while the presidential couple had [...]
IDV signs a preliminary agreement with Leonardo for defence sector supplies Turin, Nov. 11 (Korea Bizwire) – IDV, the brand of Iveco Group (EXM: IVG) specialised in defence and civil protection equipment, has signed today a preliminary agreement with Leonardo, a world leader in the aerospace, defence and security sector, to supply functional parts for future [...]
SEOUL, Nov. 11 (Korea Bizwire) – As temperatures drop in Seoul, a long-simmering conflict over the care of stray cats is heating up again, pitting animal welfare advocates against local residents concerned about nuisance and ecological impact. “We must prevent these babies from freezing to death,” said a resident of Seoul’s Gwanak district, who has been [...]
SEOUL, Nov. 11 (Korea Bizwire) — Armed with some of the brightest young stars and top closers in its domestic league, South Korea will eye a berth in the final four at the upcoming international baseball tournament in Taipei. Starting Wednesday, South Korea will compete in the third edition of the World Baseball Softball Confederation [...]
SEOUL, Nov. 11 (Korea Bizwire) – South Korea directed 43% of its overseas investments to the United States last year, marking the highest proportion since 1988, as bilateral trade relations reached new heights. The surge comes amid record trade surpluses with the U.S., where intermediate goods like raw materials and components account for half of South [...]