SEOUL, March 5 (Korea Bizwire) — The industry ministry and the state defense procurement agency will join hands to develop advanced engines for next-generation fighter jets and unmanned air vehicles (UAVs), officials said Wednesday. The Ministry of Trade, Industry and Energy and the Defense Acquisition Program Administration (DAPA) held a task force meeting to discuss [...]
SEOUL, March 5 (Korea Bizwire) — The number of abandoned homes in South Korea has reached over 1.5 million, largely due to an aging population and urban migration trends, data showed Wednesday. According to the data compiled by the state-run Korea Research Institute for Construction Policy, based on Statistics Korea’s latest housing census, the number [...]
SEOUL, March 5 (Korea Bizwire) — Korean beauty technology is capturing worldwide attention as consumers increasingly turn to professional-grade skincare devices for home use, driving substantial growth in the domestic and international markets. The beauty device sector has seen remarkable growth, with industry leader APR reporting sales of 312.6 billion won last year, marking a 44.6% [...]
SEOUL, March 5 (Korea Bizwire) — South Korea’s humanitarian assistance to North Korea reached zero last year for the first time in nearly 30 years, amid Pyongyang’s continued antagonistic stance toward Seoul, the unification ministry said Wednesday. Not a single humanitarian assistance program for North Korea was carried out last year, either at the government [...]
SEOUL, March 5 (Korea Bizwire) — Trial operations of self-driving freight trucks can now be conducted on all highways in South Korea, which could lead to the start of long-haul autonomous commercial logistics services nationwide in the future, the government said Wednesday. The Ministry of Land, Infrastructure and Transport said it has expanded the country’s [...]
SEOUL, March 5 (Korea Bizwire) — SK Telecom Co. said Wednesday that it has partnered with France-based automation and energy management company Schneider Electric as part of its strategies to secure technologies for artificial intelligence (AI) data centers through global collaborations. On the sidelines of the ongoing Mobile World Congress (MWC) 2025 in Barcelona, Spain, [...]
SEOUL, March 5 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has selected Maret Anne Sara as the next artist for the “Hyundai Commission,” a prestigious annual exhibition held at Tate Modern in London. Now in its 10th year, the Hyundai Commission selects one artist each year to create a new installation for the [...]
INCHEON, March 5 (Korea Bizwire) — Born and raised in California, left-handed pitcher Cole Irvin played college ball at the University of Oregon, and went on to pitch for major league clubs in Philadelphia, Oakland, Baltimore and Minneapolis. He also made minor league stops in the states of Florida, Pennsylvania and Virginia. Now 31 years [...]
SEOUL, March 5 (Korea Bizwire) — South Korea’s three major battery makers on Wednesday showcased their new battery solutions at InterBattery 2025, the country’s premier battery industry exhibition, as they prepare for the upcoming era of electric vehicles (EVs) after the current slowdown. LG Energy Solution Ltd. (LGES), the country’s biggest battery firm, unveiled its [...]
SEOUL, March 5 (Korea Bizwire) — Kim Young-shub, chief executive officer (CEO) of KT Corp., a major South Korean mobile carrier, said Wednesday he will strengthen the company’s artificial intelligence (AI) partnership with Microsoft Corp. to deliver tangible results within the year. “I will accelerate efforts to achieve concrete outcomes with Microsoft this year,” Kim [...]