SEOUL, Feb. 26 (Korea Bizwire) — The South Korean government said Wednesday it will operate a Korean pavilion that highlights artificial intelligence (AI) and fifth-generation (5G) mobile networks at the upcoming Mobile World Congress (MWC) 2025, a move also aimed at providing “full support” to South Korean companies taking part in the annual event. The [...]
SEOUL, Feb. 26 (Korea Bizwire) — Drone Show Korea (DSK), the biggest drone exhibition in Asia, kicked off Wednesday in South Korea’s southeastern port city of Busan to showcase drone technologies that can be used across various industries, from defense and space to future mobility, the industry ministry said. The 2025 DSK will showcase drone [...]
SEOUL, Feb. 26 (Korea Bizwire) — South Korea and Australia hosted a joint forum on green businesses Wednesday in Seoul as part of efforts to bolster bilateral cooperation in clean energy and supply chains, Seoul’s industry ministry said. The green economy partnership arrangement (EPA) business forum took place as a follow-up measure to the EPA [...]
SEOUL, Feb. 26 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has joined hands with Hyundai Motor Co. to integrate its fifth-generation (5G) private network solutions with the carmaker’s advanced vehicle manufacturing facilities. The two companies recently completed the end-to-end Reduced Capability (RedCap) trial over a private 5G network and will showcase the technology [...]
SEOUL, Feb. 26 (Korea Bizwire) — SPC Group, a South Korean food and beverage company, said Wednesday it has completed its second overseas bakery plant in Malaysia as part of its expansion strategy. SPC invested 80 billion won (US$56 million) in the Paris Baguette plant, located at the Nusajaya Tech Park in Johor Bahru, with [...]
SEOUL, Feb. 26 (Korea Bizwire) — Acting President Choi Sang-mok on Wednesday reaffirmed the government’s commitment to turning South Korea into one of the world’s top five leaders in the advanced bio sector, stressing the emerging sector is comparable in size to major industries combined. “The global advanced bio industry was valued at US$2 trillion, [...]
SEOUL, Feb. 26 (Korea Bizwire) — Stock-backed loans among South Korea’s major conglomerate owners have surged by nearly 1.5 trillion won ($1.05 billion) over the past eight months, reflecting an increasing reliance on equity as collateral amid financial pressures. A recent analysis by corporate research firm Leaders Index, covering 79 of the nation’s largest business [...]
SEOUL, Feb. 26 (Korea Bizwire) — Saramin, a major career platform in South Korea, announced on February 25 the launch of the industry’s first mock interview service featuring AI-generated human avatars, marking a new frontier in job preparation technology. The innovative career service allows job seekers to engage in realistic interview practice with AI-powered virtual interviewers who [...]
SEOUL, Feb. 26 (Korea Bizwire) — Seongdong District in Seoul announced on February 25 that preliminary negotiations have concluded for the transformation of a former concrete plant site adjacent to Seoul Forest into what officials envision as a new cultural hub for the city. The development marks the first case of “architectural innovation pre-negotiation” in the private [...]
SEOUL, Feb. 26 (Korea Bizwire) — Global automakers are rolling out lower-priced electric vehicles this year despite facing a temporary plateau in demand, known in the industry as a “chasm.” The strategy aims to attract cost-conscious consumers while securing market share ahead of widespread EV adoption. According to industry sources on February 24, Kia plans to unveil [...]