SEOUL, Oct. 16 (Korea Bizwire) — Airbus SE, the European aerospace giant, pledged Thursday to strengthen its partnership with South Korea, expanding industrial cooperation and sustainability efforts across commercial aviation and defense. Speaking in Seoul ahead of the Seoul International Aerospace and Defense Exhibition (ADEX) 2025, Lee Hee-hwan, president of Airbus Korea, said the company [...]
SEOUL, Oct. 16 (Korea Bizwire) – Binance, the world’s leading cryptocurrency exchange, has finalized its acquisition of a South Korean crypto exchange, authorities said Thursday, taking its first step to enter the local digital assets market. The Korea Financial Intelligence Unit (FIU), under the Financial Services Commission (FSC), has approved Binance’s acquisition of GOPAX on [...]
SEOUL, Oct. 16 (Korea Bizwire) — After years entangled in one of South Korea’s most high-profile divorce battles, SK Group Chairman Chey Tae-won appears ready to turn his attention back to business. The Supreme Court on Thursday ordered a review of the massive divorce settlement previously imposed on him, easing concerns over a potential shakeup at [...]
SEOUL, Oct. 16 (Korea Bizwire) – CJ ENM, the country’s leading entertainment company, said Thursday it has signed a multiyear partnership deal with Warner Bros. Discovery (WBD) to jointly produce and distribute Korean content to a global audience. The deal will see exclusive premieres of Korean dramas and original shows from CJ ENM and its [...]
ROCHESTER, N.Y., Oct. 15, 2025 (Korea Bizwire) – Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today that it priced the public offering of $500.0 million aggregate principal amount of 4.950% Senior Notes due 2035 (the “notes”) for a public offering price of 99.716% of the principal amount of the notes. The notes [...]
SEOUL, Oct. 16 (Korea Bizwire) — Two of South Korea’s largest music copyright organizations are locked in a legal dispute over more than 100 billion won (about $72 million) in so-called “residual royalties” collected from YouTube — funds generated from music whose rights holders were unidentified or failed to claim payment in time. The Korea Music [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea’s financial regulator has launched an on-site inspection into securities firms and banks accused of mis-selling a 90 billion won ($65 million) investment product that collapsed entirely, marking the first major consumer protection probe under the leadership of newly appointed Financial Supervisory Service (FSS) Governor Lee Chan-jin. The FSS [...]
SEOUL, Oct. 16 (Korea Bizwire) — Despite six years under South Korea’s workplace bullying ban, nearly one in three employees who experience or witness such abuse choose not to report it, often fearing retaliation or reputational harm, a new government survey shows. According to data obtained by Rep. Kim Wi-sang of the People Power Party from [...]
DAEGU, Oct. 16 (Korea Bizwire) — The recent killing of a South Korean college student from Yecheon, North Gyeongsang Province, in Cambodia has shed new light on how young Koreans are being lured overseas by criminal networks with false promises of easy money, court records show. A Daegu District Court ruling issued in May detailed the [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korean police say recent criminal investigations have exposed a growing use of virtual assets to launder the proceeds of large-scale frauds, reigniting debate over the need for stronger oversight as authorities and industry consider expanding the use of digital currencies, including won-pegged stablecoins. The Ulsan Police Agency disclosed [...]