SEOUL, Aug. 6 (Korea Bizwire) — In a bold fusion of diplomacy and pop culture, South Korea’s Ministry of Agriculture, Food and Rural Affairs has drawn attention online by promoting an upcoming global food security summit with a viral video inspired by a hit Netflix animation. The ministry’s spokesperson, Jeon Han-young, dressed as “Abby,” a lion [...]
SEOUL, Aug. 6 (Korea Bizwire) — South Korea has entered a new era of trade uncertainty as the United States officially begins implementing President Donald Trump’s “reciprocal tariffs” policy, levying a 15% duty on a wide array of Korean exports starting midnight on August 7 Eastern Time. The tariffs, part of Trump’s broader strategy to realign [...]
SEOUL, Aug. 6 (Korea Bizwire) — As environmental, social and governance (ESG) principles become more embedded in Korean business and society, a growing number of young consumers—particularly Generation Z—are aligning their purchasing behavior with personal values and ethical considerations. According to a recent survey released by the Korea Chamber of Commerce and Industry (KCCI) on [...]
SEOUL, Aug. 6 (Korea Bizwire) — President Lee Jae-myung on Wednesday ordered a sweeping investigation and potential punitive measures against POSCO E&C, following a series of fatal industrial accidents at the company’s worksites this year. Speaking after yet another serious accident at a POSCO E&C construction site left a worker unconscious earlier this week, President [...]
SEOUL, Aug. 6 (Korea Bizwire) — In a striking blend of technology and remembrance, AI-generated videos are breathing new life into Korea’s long-deceased independence fighters, captivating millions across social media platforms. From a smiling Yu Gwan-sun biting into a watermelon by a mountain stream to a tearful Yun Dong-ju quietly gazing into the distance, the [...]
SEOUL, Aug. 6 (Korea Bizwire) — Lotteria, the burger chain operated by Lotte Group affiliate Lotte GRS Co., will open its first outlet in Malaysia later this year as part of its overseas expansion strategy, the company said Wednesday. Lotte GRS has signed a master franchise agreement with local retailer Serai Group to launch the [...]
SEOUL, Aug. 6 (Korea Bizwire) — Sales of translated Korean literature soared to new heights in 2024, fueled in large part by author Han Kang’s Nobel Prize win, according to figures released Wednesday by a state-run agency. The Literature Translation Institute of Korea (LTI Korea) said global sales of Korean titles it supported reached 1.2 [...]
SEOUL, August 6 (Korea Bizwire) — South Korea’s Supreme Court has ruled that Sungdo ENG, the parent company of Chinese contractor Sungdo Construction, must pay damages — including delayed interest — to a group of Chinese insurers over a 2013 fire at SK Hynix’s semiconductor plant in Wuxi, China. The fire, which broke out in [...]
SEOUL, Aug. 6 (Korea Bizwire) — Rose of K-pop girl group BLACKPINK has secured eight nominations at this year’s MTV Video Music Awards (VMAs), one of the major music awards in the United States. According to the list of nominees announced by MTV VMAs on its website Tuesday (U.S. time), Rose is up for Video [...]
SEOUL, Aug. 6 (Korea Bizwire) — HD Hyundai Heavy Industries Co., South Korea’s leading shipbuilder, said Wednesday it has secured a maintenance, repair and overhaul (MRO) project for a U.S. Navy cargo ship. The company will carry out the MRO work on the USNS Alan Shepard (T-AKE-3), a 41,000-ton Lewis and Clark-class dry cargo vessel, [...]