SEOUL, Aug. 18 (Korea Bizwire) — The founding family of Hyundai Motor Group has been selected by the U.S. publication Automotive News as a recipient of its Centennial Award for its contribution to the advancement of the global auto industry, according to the group Monday. Late founder Chung Ju-yung, Honorary Chairman Chung Mong-koo and Euisun [...]
SEOUL, Aug. 18 (Korea Bizwire) — The head of SK hynix Inc., South Korea’s No. 2 chipmaker, said Monday that SK Group’s bold investments and vision have enabled the company to take a leading role in the high bandwidth memory (HBM) market. Kwak Noh-jung, the chief executive officer of SK hynix, made the remarks during [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s major business groups on Monday called for the parliament to reflect local companies’ voices in the controversial “yellow envelope bill,” which seeks to broaden workers’ rights. “The business community has continuously emphasized the need for sufficient coordination between employers and workers, as the new bill could create [...]
SEOUL, Aug. 18 (Korea Bizwire) — South Korea’s major petrochemical companies are grappling with a deepening industry downturn, as key players reported average plant utilization rates falling below break-even thresholds during the first half of 2025, according to corporate filings reviewed on August 17. The average operating rates at leading firms—including Lotte Chemical, LG Chem, [...]
SEOUL, Aug. 18 (Korea Bizwire) — A year after its launch, “SEOULDAL,” the tethered gas balloon ride that offers panoramic night views of the city from 130 meters above Yeouido, has attracted more than 50,000 riders — nearly a third of them foreign visitors — without a single safety incident, according to Seoul city officials. The [...]
SEOUL, Aug. 18 (Korea Bizwire) — Hyundai Motor and Kia are accelerating their momentum in Saudi Arabia, the Middle East’s largest automotive market, by claiming the top two best-selling vehicles in the first half of 2025 — a region long dominated by Japanese brands like Toyota and Nissan. According to sales data released by Hyundai [...]
SEOUL, Aug. 18 (Korea Bizwire) — Kia has officially launched “The 2026 Carnival,” an updated version of its flagship large recreational vehicle (RV), aimed at strengthening its foothold in the high-demand family and leisure car market. The company began full-scale sales on Sunday. The refreshed model is offered in two powertrains — a 3.5-liter gasoline engine [...]
SEOUL, Aug. 18 (Korea Bizwire) — The number of doctors working at South Korea’s public health centers and branch facilities has plummeted by more than 40% over the past decade, raising red flags about the country’s ability to ensure basic medical access in rural areas. According to data released on August 17 by the Ministry of [...]
SEOUL, Aug. 18 (Korea Bizwire) — LG Electronics has introduced a new eco-conscious manufacturing process for its commercial system air conditioners, significantly cutting carbon emissions and reducing plastic use as part of its broader sustainability push. According to the company’s announcement on Sunday, LG’s latest four-way cassette system air conditioner received official carbon reduction verification from [...]
YEOJU, Aug. 18 (Korea Bizwire) — As South Korea commemorates “Rice Day” on August 18, a day symbolically chosen to honor the labor of farmers—based on the breakdown of the Chinese character for rice (米) into 8 (八), 10 (十), and 8 (八)—the nation finds itself grappling with a deepening crisis in rice consumption, agricultural [...]