SEOUL, Sept. 18 (Korea Bizwire) — The U.S. Federal Reserve’s decision to lower its benchmark interest rate for the first time under President Donald Trump is fueling cautious optimism in Seoul’s financial markets, with analysts predicting improved liquidity and renewed foreign inflows — but also warning of lingering risks tied to trade negotiations. On Wednesday [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korean retail giant Shinsegae Group said Thursday its joint venture with Alibaba International has secured regulatory approval, clearing the way for a launch next month that could reshape the country’s online retail landscape. The 50:50 venture, greenlit by the Korea Fair Trade Commission, was approved after the companies [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s biggest conglomerates are ramping up hiring in a coordinated move to bolster future growth sectors and answer government calls for job creation, unveiling plans that together run into tens of thousands of new positions. Samsung Group, the country’s largest business empire, said Thursday it will recruit 60,000 [...]
SEOUL, Sept. 18 (Korea Bizwire) — KT Corp. said Thursday the number of victims of a recent mobile payment breach has reached 362, with total damage estimated at 240 million won (US$173,000). South Korea’s No. 2 mobile carrier, which recently reported a series of unauthorized mobile payments following a suspected data leak, had initially reported [...]
SEOUL, Sept. 18 (Korea Bizwire) — Hanwha Aerospace Co. is poised to sign an additional contract with Norway to supply 24 K9 self-propelled howitzers, defense industry sources said Thursday. The South Korean defense giant is expected to finalize the agreement soon with the Norwegian Defense Materiel Agency, according to the sources. A company official declined [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korea and the United States have begun working-level discussions aimed at overhauling the visa system for Korean workers, following the mass detention of more than 300 South Koreans at a Georgia construction site earlier this year — an episode that rattled both industry and diplomacy. The Ministry of [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korea could soon face a tipping point where traditional monetary policy loses its potency, Bank of Korea Governor Rhee Chang-yong warned Friday, citing the country’s rapid demographic decline as a structural risk that could push interest rates toward their effective floor. Speaking in Washington at the International Monetary [...]
Champfromier, Thursday, September 18, 2025 NET INCOME OF €13.6M IN THE FIRST HALF OF 2025 AKWEL (FR0000053027, AKW, PEA-eligible), parts and systems manufacturer for the automotive and heavy-vehicle industry, specialists in fluid management, mechanisms and structural parts for electric vehicles, posted its 2025 half-year results. Consolidated data – in € millions [...]
VICTORIA, Seychelles, Sept. 18, 2025 (Korea Bizwire) – Bitget, the world’s largest Universal Exchange (UEX), today announced the next chapter of its flagship women-in-blockchain initiative, Blockchain4Her, with the unveiling of its new proposition: “Lady Forward.” This refreshed direction reframes women not as participants but as leaders, innovators, and decision-makers in Web3. While the message evolves, the mission [...]
Wood Mackenzie’s analysis using new AI-powered tools shows existing fields could yield 470 billion to over 1,000 billion additional barrels through proven recovery methods LONDON/HOUSTON/SINGAPORE, 18 September 2025 – The oil industry possesses a trillion-barrel opportunity within existing fields that could meet global demand through 2050 without major new discoveries, according to groundbreaking analysis from Wood [...]