SEOUL, Feb. 21 (Korea Bizwire) — A court has ruled in favor of Coupang Play in its legal dispute with Lotte Culture Works over the latter’s decision to provide a director’s version of a local movie to Netflix despite an exclusive supply contract with Coupang Play. The Seoul Central District Court on Jan. 23 ordered [...]
SEOUL, Feb. 21 (Korea Bizwire) — Jose Munoz, the first foreign chief executive officer (CEO) of Hyundai Motor Co., has underscored high-quality products and differentiated strategies as keys to growth, the company said Friday. Munoz shared his strategic vision for the company in a town hall meeting with 15,000 employees at its Namyang R&D Center, [...]
SEOUL, Feb. 21 (Korea Bizwire) — The state anti-corruption investigation office on Friday conducted a search and seizure operation against Lt. Gen. Won Cheon-hee, head of the Defense Intelligence Agency, on suspicion of involvement in the Dec. 3 martial law declaration. The Corruption Investigation Office for High-ranking Officials (CIO) said it sent prosecutors and investigators [...]
SEOUL, Feb. 21 (Korea Bizwire) — Roborock, the Chinese home appliance manufacturer, unveiled its latest flagship robot vacuum cleaners, the S9 MaxV Ultra and S9 MaxV Slim, at its 2025 launch event held on February 20 at the Grand InterContinental Seoul Parnas. The company said the new models feature comprehensive improvements in cleaning capabilities, navigation systems, [...]
DAEJEON, Feb. 21 (Korea Bizwire) — The Korea Institute of Energy Research (KIER) announced on February 20 that it has successfully demonstrated the world’s largest carbon dioxide separation system of its kind for natural gas power plants. Traditional carbon capture methods at natural gas power facilities require extensive equipment including absorption towers, regeneration towers, and blowers, [...]
DAEJEON, Feb. 21 (Korea Bizwire) — A team of researchers from KAIST (Korea Advanced Institute of Science and Technology), in collaboration with Johns Hopkins University and the Georgia Institute of Technology, has developed a novel material that becomes stronger with repeated use, inspired by the natural strengthening process of human bones, the institute announced on February [...]
PHOENIX, Feb. 20, 2025 (Korea Bizwire) — WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary space solutions, today announced fourth quarter and full year 2024 results including key performance highlights and market updates. The Company also announced its outlook for full year 2025. Q4 20241,2 Generated revenue of $603 [...]
MANAMA, Kingdom of Bahrain, Feb. 20, 2025 (Korea Bizwire) — Participants in the Islamic Islamic Dialogue Conference, titled: “One Nation.. A Shared Destiny” expressed their deepest gratitude and appreciation in their final statement to His Majesty King Hamad bin Isa Al Khalifa, the King of the Kingdom of Bahrain, for his gracious patronage of the [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korean pharmaceutical and biotech companies are scrambling to prepare for potential new tariffs threatened by American President Donald Trump on foreign-made drugs entering the U.S. market. Celltrion, a major South Korean biopharmaceutical company, announced on its website on February 19 that it has established an “optimal response system” to [...]
SEOUL, Feb. 20 (Korea Bizwire) — The official website for the 2025 Asia-Pacific Economic Cooperation (APEC) summit has been launched, the foreign ministry said Thursday. The website (www.apec2025.kr) introduces key agenda items and priorities to be discussed at the upcoming leaders’ gathering, set to take place in South Korea’s southeastern region of Gyeongju, in November. It also [...]