GOYANG, Oct. 20 (Korea Bizwire) – South Korea was to kick off the second session of its largest biennial aerospace and defense trade show Monday, featuring unmanned weapons systems using artificial intelligence (AI) technology, as it seeks to become the world’s fourth-biggest defense exporter. Following its first three-day public session last week at Seoul Air [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korean e-commerce giant Coupang has found itself at the center of a political and legal storm after a prosecutor alleged that senior officials pressured investigators to clear the company of wrongdoing in a wage-related case — a revelation that has reignited debate over prosecutorial reform and cast new scrutiny [...]
SEOUL, Oct. 20 (Korea Bizwire) — A South Korean court has ruled that only some imported nicotine liquids used in e-cigarettes are subject to tobacco-related taxes, drawing a distinction based on whether the nicotine was extracted from tobacco leaves or stems. The Seoul Administrative Court said on October 19 that it had partially upheld a [...]
SEOUL, Oct. 20 (Korea Bizwire) — As the K-pop industry expands with a surge of new idol groups, clashes over fan culture symbols — from light stick designs to fandom names and official colors — are intensifying, exposing a deeper tension over ownership, originality, and identity in an increasingly globalized genre. While an unwritten rule [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s three major telecom operators — SK Telecom, KT, and LG Uplus — are preparing to launch unified mobile pricing plans by the end of this year, in a bid to simplify what critics say has become an excessively complicated and confusing system for consumers. According to data submitted [...]
SEOUL, Oct. 20 (Korea Bizwire) — Samsung Electronics has launched a bold new marketing campaign calling out Chinese television makers for misleading consumers with what it describes as “fake QLED” technology — a rare instance of the South Korean tech giant directly confronting its competitors. On October 16, Samsung posted a video titled “Where Is the [...]
SEOUL, Oct. 20 (Korea Bizwire) — Gold prices are soaring to record levels, propelling gold-related exchange-traded funds (ETFs) in South Korea to an average monthly return of more than 20 percent — even as the domestic stock market hits new highs. The unusual parallel rise of risky assets such as equities and traditional safe havens like [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s battery sector has roared back to life this month, rebounding sharply from months of stagnation tied to electric vehicle (EV) demand concerns. The rally has sent related exchange-traded funds (ETFs) soaring, though analysts caution that the upswing may be short-lived. According to data from the Korea Exchange as [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korea’s retail industry is rapidly expanding its private brand (PB) business, pushing beyond food and household goods into clothing, new digital platforms, and even overseas markets, as companies from convenience stores to hypermarkets and e-commerce firms compete to strengthen profitability and brand identity. According to BGF Retail, operator [...]
SEOUL, Oct. 20 (Korea Bizwire) — While Hyundai Motor struggles under tariff pressures in its largest market, the United States, the South Korean automaker is finding fresh momentum in Europe, buoyed by surging sales and strong demand for electric and hybrid vehicles. According to Hyundai’s investor relations data released on October 19, the company’s passenger car [...]