SEOUL, Nov. 28 (Korea Bizwire) — South Korea has created an interministerial task force to spearhead the development of an advanced aircraft engine for its next-generation fighter jets, an effort aimed at joining the small group of nations capable of producing such high-end defense technology, government officials said on Friday. The new body brings together [...]
SEOUL, Nov. 28 (Korea Bizwire) — LG Electronics Co. on Friday unveiled a new 200 billion-won (US$136.5 million) shareholder return program for the next two years, with detailed plans to be announced in the near future. The company also plans to retire its remaining treasury stock of 1,748 common shares and 4,693 preferred shares after [...]
SEOUL, Nov. 28 (Korea Bizwire) — SK hynix Inc. topped the global market for dynamic random-access memory (DRAM) in the July-September period, data showed Friday, maintaining its lead for three consecutive quarters. SK hynix accounted for 34.1 percent of the global DRAM market in terms of sales in the third quarter, keeping the top spot [...]
SEOUL, Nov. 28 (Korea Bizwire) — China’s manufacturing sector could further strengthen its global dominance amid trade tension with the United States, potentially posing a risk to South Korea and other manufacturing-focused countries, South Korea’s central bank said Friday. “Even if the U.S. eases its tariff policies, the U.S.-China competition is likely to persist, and [...]
SEOUL, Nov. 28 (Korea Bizwire) — Nearly nine in ten of South Korea’s top 500 companies are using artificial intelligence in some form to manage personnel tasks, and more than one in five already rely on AI in hiring decisions, according to a government survey released Friday. The annual “2025 Corporate Hiring Trends Survey,” conducted by [...]
SEOUL, Nov. 28 (Korea Bizwire) — A pair of beloved characters from Netflix’s hit Korean animation K-Pop Demon Hunters soared above Manhattan on Thursday morning, marking one of the most prominent international spotlights yet for the breakout franchise. During the 99th Macy’s Thanksgiving Day Parade — an annual tradition since 1924 and one of the most [...]
SEOUL, Nov. 28 (Korea Bizwire) — A South Korean parliamentary committee on Friday, November 28, approved a landmark bill aimed at curbing the rampant black market for concert and sports tickets by empowering authorities to levy fines up to 50 times the ticket’s illegal resale price. The National Assembly’s Culture, Sports and Tourism Committee passed sweeping [...]
CHUNCHEON, Nov. 28 (Korea Bizwire) — Public pressure for mandatory closed-circuit cameras in kindergarten classrooms is mounting in South Korea following a suspected child-abuse case in Chuncheon, but education authorities signaled caution on imposing sweeping surveillance requirements. Shin Gyeong-ho, superintendent of the Gangwon Special Self-Governing Province Office of Education, said Wednesday that the installation of CCTV [...]
SEOUL, Nov. 28 (Korea Bizwire) — Merchants in Seoul’s historic Namdaemun import market say the sharp fall of the Korean won has pushed them to the brink, driving up wholesale prices and dampening consumer demand as the currency sinks to its weakest level since the 2009 global financial crisis. On Tuesday, the won briefly touched 1,467.7 [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korea will issue its first government-backed ethics guidelines for the use of generative artificial intelligence on university campuses, amid a surge in cheating cases involving AI tools such as ChatGPT. According to the office of Kim Yong-tae, an opposition lawmaker who sits on the National Assembly’s Education Committee, the [...]