SEOUL, March 18 (Korea Bizwire) — Unseasonal heavy snow pounded Seoul and the central regions beginning early Tuesday morning, disrupting rush-hour traffic across the capital areas. Amid an unexpected heavy snow advisory issued the previous day, Seoul had received 11.9 centimeters of snow as of 8:20 a.m., compared with 13.8 cm in Uijeongbu of Gyeonggi [...]
SEOUL, March 18 (Korea Bizwire) — LG AI Research, the artificial intelligence (AI) lab under South Korea’s LG Group, said Tuesday it has unveiled its new inference AI model, EXAONE Deep, as part of its push for agentic AI. EXAONE Deep was unveiled at the GTC 2025 hosted by AI chip giant Nvidia Corp. from [...]
SEOUL, March 18 (Korea Bizwire) — Foreigners refusing to leave the country despite an eviction order will be forcibly deported, the justice ministry said Tuesday. Forced eviction is the strongest administrative measure that involves deporting a foreigner for illegally entering the country or violating conditions of their stay. “We plan to operate a designated overseas [...]
SEOUL, March 18 (Korea Bizwire) — South Korea will increase subsidies for electric motorcycles that offer faster charging speeds and enhanced battery status monitoring, the Ministry of Environment announced Monday. Under the newly finalized 2025 subsidy guidelines, electric motorcycles equipped with 3kW fast-charging capability or a battery status display/app integration will be eligible for an [...]
DAEJEON, March 18 (Korea Bizwire) — Scientists at the Korea Advanced Institute of Science and Technology (KAIST) have developed a novel electrolyte solvent that could cut electric vehicle charging times in half while extending battery life, potentially marking a significant advancement in lithium-ion battery technology. The research team, led by professors Choi Nam-Soon and Hong Seungbum, created [...]
SEOUL, March 18 (Korea Bizwire) — A battle is brewing in South Korea’s semiconductor equipment industry as SK Hynix, one of the world’s largest memory chip makers, moves to diversify its suppliers of crucial chip-stacking machinery, challenging the longtime market dominance of Hanmi Semiconductor. The competition centers on thermal compression bonders (TC bonders), essential equipment used in [...]
SEOUL, March 18 (Korea Bizwire) — South Korean companies could boost their corporate value by increasing shareholder returns, precisely because of their currently low level of shareholder protection, according to a new analysis by the Bank of Korea released on March 17. The central bank’s report, titled “The Impact of Shareholder Return Policies on Corporate Value,” examined [...]
SINGAPORE, March 18, 2025 (Korea Bizwire) – ACT Group welcomes seasoned sustainability professional John Davis as Managing Director for the Asia-Pacific (APAC) region to accelerate their growth and deliver measurable climate impact across this rapidly expanding market. With a career in sustainability solutions spanning 20 years, Davis recently led South Pole as their Interim CEO through [...]
Baar, Switzerland, Mar. 17, 2025 (Korea Bizwire) – On 16 March 2025, a cyber-attack compromised Ascom’s technical ticketing system. Other IT systems and customer systems remain unaffected, and our business is fully operational as usual. Investigations against such criminal offenses were initiated immediately and are ongoing. Ascom is working closely with the relevant authorities. A [...]
SEOUL, March 17 (Korea Bizwire) — In the automotive industry, bigger is increasingly better — at least when it comes to screens. As vehicles evolve beyond simple transportation into mobile living spaces, Korean display manufacturers are racing to capture a growing market for increasingly large in-vehicle displays. LG Display, currently the market leader, is set to supply [...]