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Smith+Nephew Steps Forward with Innovative Sports Medicine Foot & Ankle Repair Solutions in Australia and New Zealand

First in market to offer Adjustable Tensioning Technology* for insertional Achilles reconstruction and lateral ankle instability repair *After anchor insertion SYDNEY, Feb. 17 (Korea Bizwire) — Smith+Nephew (LSE:SN, NYSE:SNN), the global medical technology company, today announces the launch of a comprehensive foot & ankle repair portfolio in Australia and New Zealand (ANZ) with proprietary adjustable tensioning technology. The ULTRABRIDGE◊ Adjustable Achilles Reconstruction and ULTRABRACE◊ Adjustable Ankle Instability Techniques are changing [...]

Construction Costs Soar, Pushing Major Builders’ Margins to Breaking Point

SEOUL, Feb. 17 (Korea Bizwire) — Amid a real estate market downturn, South Korea’s major construction companies are grappling with surging construction costs that have pushed their cost-to-sales ratios above 90%, triggering disputes and lawsuits over cost increases between builders and project owners. According to industry sources, among top-ranked construction companies, Hyundai Engineering & Construction and [...]

South Korean Firms Eye Ukraine’s $900 Billion Reconstruction Market Amid Peace Talk Prospects

SEOUL, Feb. 14 (Korea Bizwire) — As discussions of potential peace negotiations between the United States, Russia, and Ukraine gain momentum, South Korean companies are positioning themselves to participate in what could become one of the largest reconstruction efforts in modern history. Estimates have pegged the cost of rebuilding Ukraine’s war-torn infrastructure at approximately $900 billion, [...]

Hyundai Motor Accepts Preorders for Limited 50 Units of Ioniq 5 N DK Edition

SEOUL, Feb. 14 (Korea Bizwire) – Hyundai Motor Co. said Friday it will accept preorders for a custom-built high-performance edition of the company’s Ioniq 5 electric vehicle (EV), of which only 50 units will be sold globally. Preorders for the Ioniq 5 N DK edition are available via the automaker’s N Performance Shop, an online [...]

Lotte World to Open New MapleStory-themed Zone in 2026

SEOUL, Feb. 14 (Korea Bizwire) – Lotte World, a major amusement park in South Korea, said Friday it will add a new themed zone based on the popular online game MapleStory next year in collaboration with game developer Nexon Co. The new Maple Island will occupy a section of Magic Island, the outdoor part of [...]

Top Diplomats of S. Korea, U.S., Japan to Hold Talks in Munich This Week: Seoul

SEOUL, Feb. 14 (Korea Bizwire) – The top diplomats of South Korea, the United States and Japan will hold talks in Munich later this week, Seoul’s foreign ministry said Friday, in what will be their first such trilateral meeting since the launch of the second Donald Trump administration. Foreign Minister Cho Tae-yul will have the [...]

NCSoft’s Financial Woes Spark Calls to Sell Baseball Team

SEOUL, Feb. 14 (Korea Bizwire) — South Korean gaming giant NCSoft has found itself in a financial crisis, posting its first annual operating loss in 26 years. The company reported an operating loss of 109.2 billion won ($75 million) for 2024, marking its first negative earnings since 1998. Revenue fell by 11.3% to 1.58 trillion [...]

Overseas Tour Agents Enter N. Korea for 1st Time in 5 yrs Amid Resumption of Foreign Tourism

SEOUL, Feb. 14 (Korea Bizwire) – Foreign tour agents have entered North Korea for the first time since it closed its borders to tourism in 2020 due to COVID-19, to inspect new tourism sites, a tour agency’s website said Friday, amid signs of Pyongyang reopening to foreign tourists. Koryo Tours’ staff crossed into North Korea’s [...]

S. Korea Adds 135,000 Jobs in January: Data

SEOUL, Feb. 14 (Korea Bizwire) – South Korea added more than 130,000 jobs in January, marking a turnaround from an on-year decline in the previous month, though job growth remained in the 100,000 range, data showed Friday. The number of employed people came to 27.88 million as of the end of last month, up 135,000 [...]

Winter Hairtail Fishing Off Jeju Island Raises Safety Concerns After Recent Accidents

SEOUL, Feb. 14 (Korea Bizwire) — Recent fishing vessel accidents off Jeju Island have put a spotlight on the hazardous nature of long-distance winter fishing operations in South Korean waters, with fishermen risking their lives to pursue catches in distant seas. The latest incident occurred on February 12 when the 32-ton Jaeseong-ho, carrying 10 crew members, [...]