SEOUL, Sept. 23 (Korea Bizwire) — Hyundai Motor Group’s business portfolio and financial health compare favorably with those of major global automakers, but industry analysts warn that South Korea’s auto industry could lose ground unless Seoul secures a reduction in U.S. tariffs, now set higher than those for Japanese rivals. According to a report released Tuesday [...]
The acquisition comes a year after a series of robust sports technology and content additions to Minute Media’s portfolio, culminating with a 360-degree solution for rightsholders, leagues, teams, publishers, and marketers NEW YORK, Sept. 22, 2025 (Korea Bizwire) – Minute Media, a leading global technology and sports content company, today announced its acquisition of VideoVerse. VideoVerse’s leading product, [...]
Sydney, Sept. 23, 2025 (Korea Bizwire) – Pacific Green, a global battery energy storage company, has secured planning permit from the Victorian Government for its second Australian grid-scale battery energy park located in Portland, Victoria, Australia. The Portland Energy Park, providing up to 1GW of firming capacity, will be developed in phases over the next 36 [...]
SEOUL, Sept. 23 (Korea Bizwire) — “Golden,” a track from the animated U.S. film “KPop Demon Hunters,” has topped the Billboard Hot 100 chart for the sixth week. Billboard said Monday (U.S. time) in a preview of its upcoming main singles chart that “Golden” retained its No. 1 position this week, marking its sixth week [...]
SEOUL, Sept. 23 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will participate in a global consortium of tech companies led by U.S. mobile carrier Verizon Communications Inc. to commercialize sixth-generation (6G) networks. The South Korean tech giant will join the Verizon 6G Innovation Forum, along with Meta Platforms Inc., Ericsson, Nokia Corp. and [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s three leading battery producers are gearing up for a fierce contest over the country’s second government-led energy storage system (ESS) project, a program worth more than 1 trillion won ($740 million) and slated for delivery in late 2027. The Korea Power Exchange disclosed last week that the second [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s e-commerce sector is undergoing a sharp consolidation, with a winner-takes-all structure emerging as Coupang and Naver entrench their dominance. Smaller players are collapsing or being forced into alliances, while global challengers from China accelerate their advance. The collapse of mid-tier platforms Tmon and Wemakeprice last year, which [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s semiconductor rally is spilling over into smaller suppliers, as investor optimism over improving memory prices boosts not only giants like Samsung Electronics and SK hynix but also makers of materials, components and equipment. On Monday, Samsung Electronics closed up 4.77 percent at 83,500 won, touching an intraday [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korea is preparing to abolish a decades-old system that requires family members to act as legal guardians for psychiatric patients, a move hailed by advocates as a long-awaited step toward strengthening state responsibility for mental health care. According to officials and welfare experts on Sunday, the draft of the [...]
SEOUL, Sept. 22 (Korea Bizwire) — A string of hacking incidents at South Korea’s telecommunications and financial companies has prompted pharmaceutical and biotech firms to tighten their defenses, wary that breaches involving sensitive clinical data and intellectual property could trigger irreparable damage. Industry officials said this week that companies are moving quickly to reinforce security policies [...]