Korea Bizwire, Author at Be Korea-savvy

Home / Articles posted by Korea Bizwire (Page 31)

LG Electronics Showcases Advanced Traffic Safety Technology at Berlin Mobility Conference

SEOUL, Oct. 27 (Korea Bizwire) – LG Electronics demonstrated its proprietary Soft V2X traffic safety solution at the 5G Automotive Association (5GAA) conference in Berlin from October 21-24, showcasing technology aimed at advancing future mobility solutions. The company, a founding member of 5GAA alongside industry leaders like Mercedes-Benz, BMW, General Motors, Vodafone, Deutsche Telekom, Commsignia, and [...]

K-pop Concert at World Cup Stadium Caused 240 Million Won in Damage to Field, Report Shows

SEOUL, Oct. 27 (Korea Bizwire) – A K-pop concert held during last year’s World Scout Jamboree caused significant damage to Seoul World Cup Stadium’s playing surface, requiring nearly 240 million won in repairs, according to a new report. Documents obtained from the Seoul Facilities Corporation by Democratic Party lawmaker Wi Seong-gon reveal that the August 11 [...]

Finance Chief Pledges to Maintain Low State Debt Level in Meeting with Moody’s Executive

SEOUL, Oct. 27 (Korea Bizwire) – South Korea’s Finance Minister Choi Sang-mok vowed to minimize the pace of its government debt growth through stricter budget restructuring in a meeting with a manager of Moody’s Investors Service, the finance ministry said Sunday. Choi made the remarks when he met with Marie Diron, managing director of Moody’s [...]

Market Cap Gap Between Samsung Electronics and SK Hynix Hits 13-Year Low

SEOUL, Oct. 27 (Korea Bizwire) – The market capitalization gap between Samsung Electronics Co. and SK hynix Inc. marked the lowest level in 13 years as of Friday, the main stock exchange said Sunday. Samsung Electronics’ market capitalization accounted for 15.85 percent, or 333.7 trillion won (US$240 billion), of the overall value of stocks listed [...]

SK Hynix Poised to Surpass Samsung in Annual Chip Business Profit

SEOUL, Oct. 27 (Korea Bizwire) – SK hynix Inc., South Korea’s second-biggest chipmaker after Samsung Electronics Co., is likely to overtake the bigger rival this year for the first time in the chip business’ annual operating profit, brokerages said Sunday. SK hynix currently dominates the market for high-bandwidth memory (HBM) semiconductors used in artificial intelligence [...]

LG Chem Launches Third Overseas R&D Center in Germany

SEOUL, Oct. 27 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemical firm, said Sunday it has opened its third overseas research and development center in Germany to develop environment-friendly, next-generation technologies. The Europe Innovation Center, located in Frankfurt, will focus on developing technologies involving next-generation rechargeable batteries, bio chemicals and recycling in partnership [...]

Publication relating to transparency notifications: Nyxoah

REGULATED INFORMATION Publication relating to transparency notifications Mont-Saint-Guibert (Belgium), October 25, 2024, 10:30 pm CET / 4:30 pm ET – In accordance with article 14 of the Act of 2 May 2007 on the disclosure of large shareholdings, Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) announces that it received a transparency notification as detailed below. Vestal Point Capital On October 23, 2024, Nyxoah [...]

Tensions Rise as North Korean Loudspeakers Push South Korean Border Villages to the Brink

SEOUL, Oct. 26 (Korea Bizwire) – Residents of three South Korean villages near the heavily fortified border with North Korea have reached their breaking point after enduring more than 20 days of relentless psychological warfare, with North Korean loudspeakers blasting propaganda and disturbing sounds day and night since September 28. The conflict escalated after an organization [...]

Jeju Civic Groups Protest Revival of Traditional Fire Festival, Citing Climate Concerns

JEJU, Oct. 26 (Korea Bizwire) – A contentious ordinance to restore a traditional fire-setting ritual at Jeju’s Fire Festival has sparked fierce opposition from environmental groups, who are urging the provincial governor to veto a measure passed by the local council. On October 25, a coalition of 19 civil society organizations and political parties, known as [...]

Starbucks Faces Global Headwinds as Sales Slump, Withdraws 2025 Forecast

SEOUL, Oct. 25 (Korea Bizwire) – In a sign of mounting challenges for the world’s largest coffee chain, Starbucks has withdrawn its fiscal 2025 outlook amid declining sales and profitability concerns that span from its U.S. home market to South Korea. The coffee giant reported disappointing preliminary fourth-quarter results on October 22, with global revenue falling [...]