SEOUL, Feb. 18 (Korea Bizwire) — South Korea has deployed a new homegrown bunker buster missile capable of striking underground enemy targets, the Joint Chiefs of Staff (JCS) said Tuesday, in its efforts to deter North Korean military threats. The military has deployed the Korean Tactical Surface to Surface Missile (KTSSM), capable of conducting simultaneous [...]
SEOUL, Feb. 18 (Korea Bizwire) — Samsung Electronics Co. Chairman Lee Jae-yong received the largest amount of dividends in South Korea last year, a corporate data tracker said Tuesday. Leaders Index surveyed 560 companies, which provided dividends in the form of cash and cash equivalents to their shareholders in 2024 to count up their overall [...]
SEOUL, Feb. 18 (Korea Bizwire) — SK Hynix is ramping up preparations for its first semiconductor fabrication plant in the Yongin Cluster, moving forward with infrastructure recruitment to support its growing high-bandwidth memory (HBM) and artificial intelligence (AI) semiconductor production. According to industry sources, SK Hynix has posted job openings on its recruitment website for [...]
SEOUL, Feb. 18 (Korea Bizwire) — Jennie of K-pop girl group BLACKPINK will drop “ExtraL,” a collaborative single with American rapper Doechii, this week. Her agency, OA Entertainment, announced Tuesday that Jennie will release the new song on Friday at 2 p.m. “ExtraL” is another pre-release track from her first solo full-length album “Ruby,” following [...]
SEOUL, Feb. 18 (Korea Bizwire) — A U.S.-based relief organization has won the Seoul Peace Prize for its longstanding humanitarian work in delivering medical supplies to those impacted by disasters and conflicts, the prize committee announced Tuesday. The award will be presented to Direct Relief, a nonprofit humanitarian relief organization, committed to providing immediate and [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s Hanwha Group has held discussions with Edge Group, a defense conglomerate based in the United Arab Emirates (UAE), to explore strategic cooperation in defense, aerospace and maritime industries, according to the group’s defense arm Tuesday. Kim Dong-kwan, vice chairman of Hanwha Group, met with Faisal Al Bannai, [...]
DAEJEON, Feb. 18 (Korea Bizwire) — Scientists at the Korea Advanced Institute of Science and Technology (KAIST) have discovered how coronaviruses can replicate so quickly after infecting human cells, potentially opening new avenues for treatment development. The research team, led by professor Lee Gwangrog from KAIST’s Department of Biological Sciences, revealed that a protein called nsp13 [...]
SEOUL, Feb. 18 (Korea Bizwire) — A stark disconnect exists between how elderly South Koreans hope to spend their final days and where they actually die, according to a comprehensive study released on February 17 by the National Health Insurance Service Research Institute. The analysis found that while 67.5% of elderly long-term care recipients wish to [...]
Domestic Recovery Surges While International Capacity Nears Pre-Pandemic Levels Key takeaways: Total capacity surpasses pre-pandemic levels up 0.5% on 2019. Domestic market outperforms 2019 up 4.7% on 2019; China and India lead the way. Competitive pricing drives up to 71% reduction in average ticket prices. SINGAPORE, Feb. 17, 2025 (Korea Bizwire) — Latest analysis from [...]
Seamless integration empowers corporate accounting teams and accounting firms to transform financial operations without disruption SYDNEY, Feb. 17, 2025 (Korea Bizwire) – FloQast, an Accounting Transformation Platform created by accountants for accountants, today announced a direct integration with Xero, the global small business platform, for customers in the Australia-Pacific (APAC) region. The integration offers a vital solution [...]