SEOUL, Nov. 17 (Korea Bizwire) — Samsung Electronics’ spending on mobile application processors (APs) has surged to an unprecedented level this year, approaching 11 trillion won (US$8.1 billion) amid sharp increases in global memory prices—intensifying pressure on the company’s smartphone division and accelerating its shift toward greater use of in-house chips. According to Samsung’s third-quarter regulatory [...]
SEOUL, Nov. 17 (Korea Bizwire) — Natural gas prices have surged to their highest level in nearly three years, lifting related exchange-traded notes (ETNs) while exposing South Korean retail investors to mounting losses after many bet on the market moving in the opposite direction. Between Nov. 1 and 14, nine of the ten best-performing ETNs in [...]
SEOUL, Nov. 17 (Korea Bizwire) – South Korean tech giant Samsung Group unveiled Sunday a 450 trillion-won (US$309.1 billion) investment plan for the next five years, as part of broader efforts to ramp up domestic investment after Seoul concluded its trade deal with the United States. Samsung Electronics Co., the crown jewel of the country’s [...]
SEOUL, Nov. 17 (Korea Bizwire) – Culture Minister Chae Hwi-young has said the government will deploy every measure permitted under law to block plans for ultra-high-rise buildings facing Jongmyo Shrine, a UNESCO World Heritage site in central Seoul. The project has drawn controversy because Jongmyo, a 14th-century royal ancestral shrine from the Joseon Dynasty (1392-1910), [...]
SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Glovis Co., the shipping logistics unit of Hyundai Motor Group, said Monday it has completed the transport of K2 tanks and K9 self-propelled howitzers to Poland last week, demonstrating its growing defense logistics capabilities. The company said it successfully delivered 20 K2 tanks produced by Hyundai Rotem Co., [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s electric vehicle market has hit a symbolic milestone, surpassing 200,000 new registrations in a single year for the first time — a development officials say signals the end of a three-year slump. The Climate, Energy and Environment Ministry said Sunday that 200,650 new EVs were registered as of [...]
SEOUL, Nov. 17 (Korea Bizwire) — LG Display is set to supply ultra-large vehicle displays for Mercedes-Benz’s upcoming electric vehicle lineup, solidifying what both companies describe as a deepening “innovation partnership” in the fast-growing automotive electronics sector. According to industry officials on Sunday, LG Display will provide a 40-inch display for the 2026 Mercedes-Benz GLC EV, [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s Nuri rocket is set to lift off before dawn on Nov. 27 carrying 13 satellites, a diverse payload that underscores the country’s expanding ambitions in science, commercial space ventures and next-generation technology. According to the Korea Aerospace Research Institute (KARI), the fourth Nuri launch will carry the 516-kilogram [...]
The fast-growing ticketing infrastructure startup activated its cultural-tech anomaly filter for the first time during Aleksandra Prijović’s New Year’s on-sale, organised by Extra FM – a launch overwhelmed by automated traffic. ZAGREB, Croatia, Nov. 16, 2025 (Korea Bizwire) – UPAD, the progressive, fintech-driven ticketing infrastructure startup, has deployed “Rakija Pit”, a culturally-coded anti-automation signal created to [...]
SEOUL, Nov. 16 (Korea Bizwire) – Sales of mini cars by South Korea’s five automakers are expected to remain below 100,000 units for a second consecutive year in 2025, industry data showed Sunday, amid a lack of new models and shifting consumer preferences. From January to October, the five carmakers — Hyundai Motor Co., Kia [...]