SEOUL, Feb. 3 (Korea Bizwire) - The Navy held a ceremony on Monday to mark the establishment of a new fleet command aimed at better responding to North Korea’s military threats at sea, officials said. On Saturday, the Navy officially launched the Republic of Korea Navy Task Fleet Command, calling it a “core unit of [...]
SEOUL, Feb. 3 (Korea Bizwire) - Boeing Co. said Monday it has appointed Will Shafer, former head of the American aerospace company’s Japanese unit, as president of its South Korean operations. While leading Boeing Korea, Shaffer will also serve as the company’s vice president for globalization and market development, where he will oversee Boeing’s strategy [...]
SEOUL, Feb. 3 (Korea Bizwire) - Hyundai Motor Co. said Monday it has started accepting preorders for the Ioniq 9, the automaker’s first large electric sport utility vehicle (SUV), in South Korea. The Ioniq 9 is equipped with a 110.3 kilowatt-hours (kWh) battery, offering a maximum driving range of 532 kilometers per charge for the [...]
SEOUL, Feb. 3 (Yonhap) - South Korea’s retail sales, a key indicator of private spending, fell by the most in 21 years in 2024, marking the third consecutive year of decline, despite solid industrial output, data showed Monday. Retail sales fell 2.2 percent on-year as sales of both durable and nondurable goods, particularly food, lost ground [...]
SEOUL, Feb. 3 (Korea Bizwire) — In a sign of shifting market dynamics, new applications for reverse mortgages in South Korea increased while cancellations decreased as the real estate market showed signs of cooling at the end of last year. According to data from the Korea Housing Finance Corporation’s housing finance statistics system, new reverse mortgage [...]
SEOUL, Feb. 3 (Korea Bizwire) — Fashion and apparel companies are increasingly leveraging short-form videos to tell brand stories and boost marketing efforts, industry sources reported on February 2. Major fashion brands and platforms are expanding their YouTube presence and video content offerings on their platforms, responding to the preferences of their primary customer base – [...]
SEOUL, Jan. 31 (Korea Bizwire) — Seoul Fashion Week, marking its 25th anniversary, will kick off at Dongdaemun Design Plaza (DDP) on February 5, offering the first glimpse of upcoming fall and winter fashion trends for 2025. The Seoul Metropolitan Government announced five key highlights for this year’s event: an expanded designer lineup and presentations, the [...]
SEOUL, Jan. 31 (Korea Bizwire) — South Korea’s K9 self-propelled howitzer, already a global bestseller, is positioned to expand its market reach even further, commanding approximately half of the world’s self-propelled artillery export market. Industry sources and international defense organizations report that while exact statistics vary due to the confidential nature of defense contracts, the K9′s [...]
SEJONG, Jan. 31 (Korea Bizwire) — South Korea’s lottery sales reached an all-time high in 2024, with revenue approaching 6 trillion won, according to data released by the Ministry of Economy and Finance and the Korea Lottery Commission. The annual sales figure of 5.96 trillion won continues a pattern of record-breaking growth that began nearly a [...]
SAN JOSE, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) - Zoom Communications, Inc. (NASDAQ: ZM) today announced it will release its financial results for the fourth quarter and full fiscal year 2025 on Monday, February 24, 2025, after the market closes. A live Zoom Webinar of the event can be accessed at 2:00 pm PT / 5:00 [...]