SEJONG, Nov. 19 (Korea Bizwire) – South Korea’s finance minister said Wednesday that signs of an economic rebound are becoming increasingly evident, pointing to aggressive fiscal spending and more targeted policy management as key drivers. At a meeting of economy-related ministers in Sejong, Finance Minister Koo Yun-cheol said consumer spending has begun to strengthen, helped [...]
SEOUL, Nov. 19 (Korea Bizwire) – Korea Aerospace Industries Ltd. (KAI), South Korea’s sole aircraft manufacturer, said Wednesday it has signed a memorandum of understanding (MOU) with a United Arab Emirates (UAE) defense company to cooperate in the aerospace sector. The agreement with EDGE Platforms and Systems, a unit of the UAE’s defense conglomerate EDGE [...]
SEOUL, Nov. 19 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it has supplied 6,000 units of TVs and signage displays to the Star of the Seas, the world’s largest cruise ship, operated by Royal Caribbean Group. The South Korean tech giant supplied Crystal UHD Hospitality TVs for guest cabins on the 365-meter-long cruise, offering [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s men’s national soccer team secured a narrow 1–0 win over a depleted Ghana side in Seoul on Tuesday, but the labored victory has intensified concerns about the team’s form less than seven months before the 2026 FIFA World Cup. Despite the result, the performance was widely described as [...]
SEOUL, Nov. 19 (Korea Bizwire) — South Korea’s Supreme Court has overturned a lower-court ruling that sided with Philips Korea in a high-profile dispute over transfer pricing taxes, sending the case back to an appellate court for further review. In a decision disclosed Wednesday, the court reversed a ruling that had canceled most of the 90.5 [...]
SEOUL, Nov. 19 (Korea Bizwire) – Samsung Electronics Co. has topped the list of corporate donations made over the first nine months of 2025, although the volume of its donations declined from a year earlier, a report showed Wednesday. The South Korean tech giant donated 110.4 billion won (US$75.5 million) over the January-September period, down [...]
SCOTTSDALE, Ariz., Nov. 18, 2025 (Korea Bizwire) – onsemi (the “Company”) (Nasdaq: ON) today announced that its Board of Directors has authorized a new share repurchase program of up to $6 billion over the next three years. The new share repurchase program will launch on January 1, 2026 after the previous $3 billion authorization expires on December 31, [...]
AI-powered integration seamlessly delivers unified, trusted data for analytics and decision-making within the Microsoft Fabric platform LONDON, Nov. 18, 2025 (Korea Bizwire) – Quantexa, the global pioneer in Decision Intelligence (DI), today announced the general availability of Quantexa Unify for Microsoft Fabric, marking a major milestone in helping enterprises build connected, high-quality data estates to [...]
New Business Unit advances decades of SoftServe–Microsoft collaboration, accelerating client outcomes in data and AI, app innovation, infrastructure, and security AUSTIN, Texas, Nov. 18, 2025 (Korea Bizwire) – SoftServe, a premier IT consulting and digital services provider, today announced the next era of its long-standing, strategic collaboration with Microsoft by launching its first-ever dedicated Partner Business [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea has secured a decisive victory in its protracted legal war with Lone Star Funds, closing a contentious chapter that has shaped the country’s financial and political landscape for more than two decades. The U.S. private equity firm—long criticized in Korea as a predatory “vulture fund”—first entered the market [...]