PAJU, Aug. 20 (Korea Bizwire) — A 95-year-old former long-term prisoner of war, An Hak-seop, attempted on Wednesday to cross into North Korea through Panmunjom but was stopped by South Korean military authorities at the Tongil Bridge checkpoint. An, who has long identified as a “non-converted” prisoner for refusing to renounce allegiance to the North, traveled [...]
COLOGNE, Germany, Aug. 20 (Korea Bizwire) — The world’s largest gaming convention opened with a barrage of new titles and trailers on Monday night, as publishers from the United States, Europe, China and South Korea used Gamescom’s Opening Night Live showcase to capture the global spotlight. Crowds packed into the Koelnmesse exhibition center, underscoring the [...]
SEOUL, Aug. 20 (Korea Bizwire) — South Korea’s semiconductor industry was rattled Wednesday by reports that Washington is considering acquiring equity stakes in foreign chipmakers building plants in the United States, including Samsung Electronics and Taiwan’s TSMC. The idea surfaced as the U.S. government explores converting subsidies provided under the CHIPS and Science Act into [...]
SEOUL, Aug. 20 (Korea Bizwire) — Shares of South Korea’s nuclear power companies tumbled Wednesday after revelations that a settlement with U.S. nuclear giant Westinghouse has sharply curtailed their access to major global markets. By mid-morning trading, Korea Electric Power Corp. (KEPCO) was down more than 5 percent, while Doosan Enerbility dropped nearly 9 percent. [...]
SEOUL, Aug. 20 (Korea Bizwire) — South Korea conducted a nationwide civil defense drill on Wednesday, simulating an air raid to test public readiness and improve emergency response measures. The 20-minute exercise, organized by the Ministry of the Interior and Safety, began at 2 p.m. with air raid sirens, followed by a staged alert and [...]
SEOUL, Aug. 20 (Korea Bizwire) — Seoul has been voted the world’s most beloved city by younger travelers for the fourth consecutive year, cementing its reputation as a global cultural and tourism hub amid the surging popularity of Korean content such as Netflix’s hit animation KPop Demon Hunters. The city government and the Seoul Tourism Organization [...]
SEOUL, Aug. 20 (Korea Bizwire) — A new Samsung Electronics campaign video featuring esports legend Faker and world beatbox champion Wing has captured the attention of fans online, racking up more than 930,000 views within a week of release. The film, titled “OLED: Feel the Champion’s Rhythm with T1,” pairs Lee “Faker” Sang-hyeok of esports [...]
SEOUL, Aug. 20 (Korea Bizwire) — More than half of South Korea’s midsize listed companies saw profits fall in the first half of 2025, as global economic uncertainty and weakening demand weighed on key sectors, new data show. Combined operating profit for 500 midsize firms came to 6.34 trillion won ($4.55 billion) in the [...]
SEOUL, Aug. 20 (Korea Bizwire) — SK On, the battery-making unit of South Korea’s SK Group, said Wednesday its 50:50 joint venture with Ford Motor Co. has begun commercial production of electric vehicle (EV) batteries at its first Kentucky plant. SK On and Ford established BlueOval SK in July 2022 with plans to invest 16 [...]
SEOUL, Aug. 20 (Korea Bizwire) — Nongshim, South Korea’s leading instant noodle maker, is teaming up with one of Netflix’s latest global sensations to give its iconic snacks a new look. The company announced Wednesday that its flagship Shin Ramyun and Shrimp Crackers will debut in limited-edition packaging later this month featuring characters from KPop [...]