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Algorized Raises $4.3 Million in Seed Funding to Drive Innovation in People-Sensing Technology for Safe Human-Machine Interaction

BERKELEY, Calif., Nov. 7 (Korea Bizwire) – Algorized, an AI-powered platform pioneering advanced people-sensing and positioning software, has raised $4.3 million in seed funding to drive innovation in people sensing and support safer, seamless human-machine interaction. The investment round was led by Amazon Industrial Innovation Fund, with participation from Acrobator Ventures, Berkeley SkyDeck Fund, CoreNest Capital, Shucker Ventures and other strategic investors. [...]

Trump Victory Signals Uncertainty for Global Automakers, Korean Firms Brace for Impact

SEOUL, Nov. 7 (Korea Bizwire) – The global automotive industry faces significant changes and uncertainties following Donald Trump’s election as the 47th president of the United States on November 6. Hyundai Motor Group, which has relied heavily on U.S. exports for its performance, is particularly on alert as Trump has promised to prioritize domestic industries, strengthen [...]

‘America First’ Trumponomics Feared to Dent S. Korean Exports, Heighten Market Uncertainties

SEOUL, Nov. 7 (Korea Bizwire) — Donald Trump’s return to the White House is expected to have a significant impact on the export-driven South Korean economy and increase market volatility as he has warned of protectionist policies, decoupling from China and other drastic policy shifts across the board, experts said Thursday. “If the policy stance [...]

Compact Car Sales in South Korea Set to Fall Below 100,000, Breaking Economic Downturn Pattern

SEOUL, Nov. 7 (Korea Bizwire) – In a departure from the traditional pattern where economic downturns boost compact car sales, South Korea’s compact vehicle market is experiencing a significant decline, with annual sales expected to fall below 100,000 units for the first time since 2021. According to data from Kais You Data Research Institute, compact car [...]

Hyundai Motor Beats Volkswagen to Become No. 2 Automaker in Jan.-Sept.

SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Motor Group has outperformed Volkswagen Group to become the world’s second-largest automaker in terms of operating profit, industry data showed Thursday. According to automotive industry data, Hyundai Motor Group achieved sales of 69.4 trillion won (US$49.6 billion) and an operating profit of 6.5 trillion won during the third [...]

Port of Busan to Develop Remote-Control Technology for Harbor Cranes

BUSAN, Nov. 7 (Korea Bizwire) – The Busan Port Authority (BPA) announced on November 6 that it is launching a project to develop technology that will enable remote, unmanned operation of currently manned harbor cranes. Container port cranes, which are essential equipment for cargo handling operations, are divided into quay cranes that load and unload containers [...]

Criticism Mounts over Vietnamese Woman Doing Yoga in Leggings at Seoul Palace

SEOUL, Nov. 7 (Korea Bizwire) — South Korean netizens and intellectuals are reacting negatively to photos of a Vietnamese female tourist practicing yoga in tight leggings at a historic royal palace in the center of Seoul. The incident arose earlier this week when the woman shared photos on social media showing herself in a handstand [...]

Food Chains Embrace Local Specialties in New Menu Items, Boosting Regional Economies

GWANGJU, Nov. 7 (Korea Bizwire) – Major restaurant chains are increasingly incorporating regional agricultural and seafood products into their new menu items, creating a win-win situation that benefits both local farmers and corporate image. South Jeolla Province announced on November 6 that Banolim Pizza will launch its Yeongam Fig Gorgonzola Pizza featuring Yeongam figs and Goheung [...]

BTS’ V Teams Up with Bing Crosby for Timeless ‘White Christmas’ Duet

SEOUL, Nov. 7 (Korea Bizwire) – V of the K-pop boy group BTS will release a duet with legendary American pop singer Bing Crosby (1903-1977) next month, his agency said Thursday. The collaboration will be a reimagined rendition of “White Christmas,” one of Crosby’s most beloved songs and a timeless holiday classic, BigHit Music said, [...]

Yoon, Trump, in Phone Call, Agree to Hold Meeting at Early Date

SEOUL, Nov. 7 (Korea Bizwire) — President Yoon Suk Yeol held a phone call with U.S. President-elect Donald Trump on Thursday to congratulate him on his “landslide victory,” and they agreed to hold an in-person meeting at an early date, according to Yoon’s office. Yoon congratulated Trump on his victory with the “Make America Great [...]