SEOUL, Oct. 21 (Korea Bizwire) – Kia Corp., South Korea’s second-largest automaker, on Tuesday opened its second complete knock-down (CKD) assembly plant in Kazakhstan as part of efforts to expand its production capacity and strengthen its foothold in Central Asia. An opening ceremony for the plant in Kostanay, northwestern Kazakhstan, was attended by Kia President [...]
SEOUL, Oct. 21 (Korea Bizwire) – LG Chem Ltd.’s polio vaccine manufacturing facility in South Korea has received a certificate of containment from the World Health Organization (WHO), the first such recognition in Asia, the disease control agency said Tuesday. The facility was among only three in the world to earn the WHO certification, following [...]
SEOUL, Oct. 21 (Korea Bizwire) – LG Electronics Inc. said Tuesday it has teamed up with Korea Aerospace Industries (KAI) Ltd. to jointly develop a next-generation flight simulator using the tech company’s advanced micro light-emitting diode (LED) display technology. The companies signed a memorandum of understanding (MOU) for the partnership centered around the Magnit micro [...]
SEOUL, Oct. 21 (Korea Bizwire) — Dual-income couples are more likely to consider having children when housework and earning power are shared equally between partners, a new study has found. According to research published by the Korea Institute of Child Care and Education, women’s willingness to have children rises significantly when household chores are evenly [...]
SEOUL, Oct. 21 (Korea Bizwire) — With competition in the cosmetics industry intensifying, major South Korean beauty brands are increasingly turning their stores into immersive spaces where customers can test products and experience the essence of each brand beyond the counter. APR Co. operates “Space Dosan” in Seoul’s Sinsa-dong, where visitors can try its Medicube skincare [...]
SEOUL, Oct. 21 (Korea Bizwire) — As global interest in Korean cuisine continues to soar, foreign tourists visiting South Korea are increasingly venturing beyond traditional dishes like kimchi, bulgogi, and bibimbap to explore the flavors of everyday Korean life — from instant noodles and gimbap to street snacks and convenience store fare. According to data [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korea’s leading food delivery platform Baemin is facing fresh criticism over allegations that it tacitly allowed restaurant owners to inflate menu prices before applying promotional discounts, effectively misleading consumers. According to a report released Monday by the Fair Platform Business Owners Association (or For Fair Platform), a Baemin [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korea will expand its national pension premium support program starting in 2026 to cover low-income individuals who have temporarily lost income due to job loss or business closure, even if they do not immediately resume payments, the government announced Monday. The reform, part of the pension overhaul agreed upon [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korea’s Supreme Court has ruled that resident doctors at general hospitals are entitled to overtime and night-shift pay under the Labor Standards Act, marking a major decision that reinforces labor protections for medical trainees. The court upheld a lower court ruling in favor of three former emergency medicine residents [...]
SEOUL, Oct. 21 (Korea Bizwire) — Samsung Asset Management said Monday it will launch a new exchange-traded fund (ETF) that invests in companies participating in South Korea’s national “Sovereign AI” project, underscoring growing investor confidence in the country’s bid to develop its own artificial intelligence infrastructure. The KODEX Korea Sovereign AI ETF, set to debut on [...]