SEOUL, Sept. 30 (Korea Bizwire) — The fire that crippled South Korea’s National Information Resources Service last week is being traced to an aging lithium-ion battery, sharpening scrutiny of the country’s battery sector at a time when the industry is already grappling with slowing electric vehicle demand, expiring U.S. subsidies and intensifying competition from China. Authorities [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s corporate ecosystem has been steadily weakening over the past decade, with fewer employees per company and a rising share of struggling firms unable to cover even their interest payments, a new report shows. According to a study released Sunday by the Korea Chamber of Commerce and Industry [...]
DAEJEON, Sept. 30 (Korea Bizwire) — South Korean scientists have unveiled the country’s first system capable of producing clean hydrogen at significantly lower costs, a development that could accelerate the nation’s transition to renewable energy. The Korea Institute of Machinery and Materials (KIMM) said Monday that a research team led by principal researcher Kim Young-sang [...]
DAEJEON, Sept. 30 (Korea Bizwire) — South Korea’s national standards institute has unveiled an artificial eye designed to mimic the human retina, a breakthrough aimed at improving the accuracy of diagnostic imaging for retinal diseases. The Korea Research Institute of Standards and Science (KRISS) said Monday it has developed a “retinal phantom,” a synthetic model [...]
SEOUL, Sept. 30 (Korea Bizwire) – The number of listed firms in South Korea that issued interim dividends increased over 25 percent on-year in the first half of 2025, industry data showed Tuesday. According to the data from corporate tracker Leaders Index, 135 firms among the 2,688 listed companies provided interim dividends in the January-June [...]
JEJU, Sept. 30 (Korea Bizwire) — Jeju Province will roll out a three-year pilot program to repurpose used electric-vehicle batteries into agricultural machinery and energy storage systems, underscoring South Korea’s broader push to strengthen its battery recycling industry. The project, set to run through 2027, will supply 100 devices—including farm equipment, transport robots, and streetlights [...]
WASHINGTON, Sept. 29 (Korea Bizwire) – The U.S. House version of an annual defense policy bill, passed earlier this month, includes a call for maintaining around 28,500 American troops in South Korea and reaffirming the United States’ deterrence commitment to the Asian ally, its text showed Monday. The House approved its version of the National [...]
SEOUL, Sept. 29 (Korea Bizwire) — KT Corp. on Monday unveiled SOTA K built on GPT-4o, a large language model developed in collaboration with Microsoft that the company says is optimized for Korean language and culture. The release marks the first time a Korean telecom has rolled out an AI system designed to overcome the [...]
SEOUL, Sept. 29 (Korea Bizwire) — Kakao Corp. has moved to roll back a major redesign of its flagship messaging app, KakaoTalk, after a wave of user backlash forced one of the most unusual reversals in the app’s 15-year history. According to industry officials on Monday, Kakao decided over the weekend to restore the original [...]
BERLIN, Sept. 29 (Korea Bizwire) — With just a week left before a deadline to dismantle a comfort woman statue in Berlin, a Korean civic group has filed an injunction against the local district office, seeking to preserve the memorial that has become a focal point of historical and diplomatic tensions. The Korea Verband, a [...]