SEOUL, Oct. 23 (Korea Bizwire) — The Halloween night in Itaewon began like any other — laughter spilling out of bars, music vibrating through narrow alleys — until it became a tragedy that left 159 people dead and a nation in disbelief. Now, nearly three years later, a government audit has concluded that one of the [...]
SEOUL, Oct. 23 (Korea Bizwire) — Korean Air Co. said Thursday it has completed a $217 million investment in the parent companies of WestJet Airlines Ltd., Canada’s second-largest carrier, as part of a broader push to strengthen its network and partnerships across North America. The deal gives Korean Air a 10% equity stake in Kestrel Topco [...]
SEOUL, Oct. 23 (Korea Bizwire) — LG Electronics Inc. said Thursday it will join SDVerse, a global automotive software marketplace backed by General Motors Co., Magna International Inc., and Wipro Ltd., as the South Korean tech company looks to expand its presence in the fast-growing software-defined vehicle market. The business-to-business platform functions as an online exchange [...]
SEOUL, Oct. 23 (Korea Bizwire) – At a sprawling convention center in this industrial city, General Motors is trying to make a statement about what comes next. Beneath the fluorescent lights of the Daegu International Future Auto & Mobility Expo, the Detroit automaker has assembled a vision of its electric future — one that is [...]
SEOUL, Oct. 23 (Korea Bizwire) – Gov. Bill Lee of the U.S. state of Tennessee on Thursday met with the head of SK On Co. to discuss ways to enhance cooperation and strengthen ties, industry sources said. Lee visited SK On’s headquarters in central Seoul earlier in the day and had talks with Lee Seok-hee, [...]
SEOUL, Oct. 23 (Korea Bizwire) – New passenger cars and small commercial vehicles in South Korea will be required to be equipped with pedal misuse prevention systems starting in 2029, a move aimed at reducing accidents caused by unintended accelerations, the transport ministry said Thursday. Under the government’s plan to revise the country’s automobile safety [...]
SEOUL, Oct. 23 (Korea Bizwire) — Hyundai’s all-electric Ioniq 9 has received the highest safety rating among large sport utility vehicles in this year’s Korean New Car Assessment Program (KNCAP), while Ford’s Explorer placed last, according to results released Thusday by the Ministry of Land, Infrastructure and Transport and the Korea Transportation Safety Authority. The evaluation [...]
SEOUL, Oct. 23 (Korea Bizwire) — Porsche Korea has unveiled the 911 Spirit 70, a limited-edition reinterpretation of the brand’s classic design heritage, marking its first domestic appearance. The 911 Spirit 70 is the third model in Porsche’s Heritage Design Strategy, blending vintage aesthetics with modern hybrid performance. Based on the 911 Carrera GTS Cabriolet Hybrid, [...]
SEOUL, Oct. 23 (Korea Bizwire) — In a bid to merge urban mobility with wellness culture, the Seoul Metropolitan Government has transformed parts of three subway stations into fitness and leisure spaces for runners, offering free access to facilities that blend convenience with community. The new “Runner’s Base” zones — located at Gwanghwamun Station (Line 5), [...]
Related: Korea to Introduce First-Ever “Life Insurance Pension” Allowing Policyholders to Receive Death Benefits While Alive Understanding the Policy Shift Beginning October 30, South Koreans will be able to access a portion of their life insurance death benefits while still alive — transforming a traditionally posthumous payout into a living financial asset. The Financial Services Commission [...]