SEOUL, March 4 (Korea Bizwire) — South Korea’s three major telecommunications companies said Tuesday they have outlined their artificial intelligence (AI) business strategies at this year’s Mobile World Congress (MWC) in Spain. SK Telecom Co., KT Corp. and LG Uplus Corp. underlined collaboration with local and global partners to make a presence in the AI [...]
SEJONG, March 4 (Korea Bizwire) — South Korea has expressed interest in joining hands with the United States and Japan for the gas pipeline development project in Alaska as part of efforts to improve its trade relations with U.S. President Donald Trump’s administration, sources said Tuesday. Seoul’s Industry Minister Ahn Duk-geun delivered such an intention [...]
SEOUL, March 4 (Korea Bizwire) — South Korea’s Fair Trade Commission (FTC) has imposed a hefty fine on Dunlop Sports Korea for restricting retailers from offering discounts on its golf clubs, a move deemed an illegal restraint of competition. The FTC announced on Monday that Dunlop Sports Korea would face a 1.865 billion won ($1.29 [...]
SEOUL, March 4 (Korea Bizwire) — Forty-one ferry sailings and four flights were canceled nationwide Tuesday, anti-disaster authorities said, amid heavy snow that has blanketed the central provinces of Chungcheong, the southeastern provinces of Gyeongsang and the northeastern province of Gangwon since the weekend. According to the Central Disaster and Safety Countermeasures Headquarters, 41 passenger [...]
SEOUL, March 4 (Korea Bizwire) — Homeplus Co., a discount store chain in South Korea, said Tuesday it has filed for corporate rehabilitation with a Seoul court after its credit rating declined amid liquidity worries. Homeplus filed for the court-led rehabilitation program with the Seoul Bankruptcy Court after its corporate credit rating plunged last week. [...]
SEOUL, March 4 (Korea Bizwire) — Song Ho-sung, president and chief executive officer (CEO) of Kia Corp., on Tuesday expressed confidence in turning increasing global trade and business uncertainties for the South Korean automaker into opportunities for further growth. In a letter to shareholders published on Kia’s website, Song assessed that the globalization trend of [...]
SEOUL, March 4 (Korea Bizwire) — “APT.,” the global hit single by BLACKPINK’s Rose, has climbed one spot to sixth on the U.S. Billboard’s Hot 100 main singles chart this week. Billboard said Monday (U.S. time) on its official X account that “APT.” had risen to this position in its 19th consecutive week on the [...]
SEOUL, March 4 (Korea Bizwire) — A North Korean soldier caught alive by Ukraine has told a South Korean lawmaker that he wants to go to South Korea, asking whether he could “live as I wish with the rights” he hoped for once in Seoul, according to the lawmaker Tuesday. Rep. Yu Yong-weon made the [...]
SEOUL, March 4 (Korea Bizwire) — HD Hyundai Construction Equipment Co. (HCE) said Tuesday it has secured orders for a total of 557 units of construction equipment in the Middle East and Turkey in the first two months of the year. The company said it won contracts for 333 units from Saudi Arabia, the United [...]
SEOUL, March 4 (Korea Bizwire) — Samsung’s latest flagship smartphone, the Galaxy S25 Ultra, has been ranked as the best smartphone by consumer advocacy organizations in five major European countries, the company announced on Monday. According to Samsung, the Galaxy S25 Ultra secured the top spot in consumer evaluations conducted by Italy’s Altroconsumo, Spain’s OCU, [...]