SEOUL, Jan. 16 (Korea Bizwire) — Samsung Heavy Industries on Friday launched the hull of a massive floating liquefied natural gas facility ordered by Italy’s state-run energy company ENI, underscoring South Korea’s growing role in the global offshore gas market. The vessel, named Coral North, was launched at Samsung Heavy Industries’ shipyard in Geoje, about 400 [...]
SEOUL, Jan. 16 (Korea Bizwire) — The government will roll out a range of tax incentives to support vulnerable groups and small merchants, and expand strategic technology industries to help create new growth engines, the finance ministry said Friday. The measures are part of a follow-up amendment to enforcement decrees linked to the government’s tax [...]
SEOUL, Jan. 16 (Korea Bizwire) – The unification and foreign ministries launched their vice ministerial-level consultative channel to coordinate policies on North Korea on Friday, officials said. Vice Unification Minister Kim Nam-jung and Jeong Yeon-doo, vice minister for diplomatic strategy and intelligence at the foreign ministry, held a luncheon meeting earlier in the day in [...]
SEOUL, Jan. 16 (Korea Bizwire) — Many travelers returning from overseas try to spend their leftover foreign coins at airports or shops before coming home, assuming they cannot be exchanged in South Korea. Coins are heavy, inconvenient to carry, and often believed to be unusable domestically. But while less common and less lucrative than banknote exchanges, [...]
The investment reaffirms StarRez’s trusted partnership with higher education institutions and property management companies worldwide MELBOURNE,Australia, Jan. 15, 2026 (Korea Bizwire) – StarRez, a global leader in on-and-off-campus student housing software, today announced that Five Arrows, the alternative assets arm of Rothschild & Co, will be making a strategic investment in the company alongside existing investor Vista Equity [...]
SEOUL, Jan. 16 (Korea Bizwire) — More than one in 10 foreign students who entered South Korea to attend universities or language institutes have ended up overstaying their visas illegally, underscoring growing concerns that the country’s foreign student recruitment policy has prioritized scale over sustainability. According to a study published this week in the Journal [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s National Health Insurance Service (NHIS) has again lost a high-profile lawsuit seeking damages from tobacco companies, as an appellate court rejected its claim that cigarette makers should reimburse public health costs linked to smoking-related diseases. In a ruling handed down Thursday, the Seoul High Court upheld a [...]
SEJONG, Jan. 16 (Korea Bizwire) — The Covid-19 pandemic sharply curtailed the economic participation of mothers with young children in South Korea, as caregiving responsibilities fell disproportionately on women during the public health crisis, according to a new academic study. The findings underscore the persistence of gendered caregiving roles despite the normalization of dual-income households and [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korea’s effort to crown a homegrown national artificial intelligence model was thrown into turmoil this week after the government abruptly revised the rules of its flagship AI competition, a move that has unsettled the country’s technology sector and raised questions about fairness and transparency. The Ministry of Science and [...]
Wayne, PA, Jan. 15, 2026 (Korea Bizwire) – TekniPlex Healthcare, which utilizes advanced materials science expertise to help deliver better patient outcomes, will showcase its latest innovations for the pharmaceutical market at Pharmapack, taking place January 21-22 at Paris Expo Porte de Versailles (Hall 4, Booths 4B27 and 4B31). Building on its commitment to advanced drug delivery and packaging [...]