SEOUL, July 16 (Korea Bizwire) — South Korean shipbuilder Hanwha Ocean Co. plans to establish a new overseas office in Canada as part of its efforts to strengthen its presence in the North American defense market, according to industry sources Wednesday. The company’s board of directors approved the plan to set up the Canadian office [...]
SEOUL, July 16 (Korea Bizwire) — One in nine South Korean civil servants recently participated in the long-criticized custom of subordinates treating senior officials to meals, underscoring the persistence of outdated hierarchical practices within the public sector despite reform efforts. A joint survey released Friday by the Ministry of the Interior and Safety and the [...]
SEOUL, July 16 (Korea Bizwire) — A new study has revealed that the trading strategies of South Korea’s National Pension Service (NPS), which oversees more than 1,000 trillion won ($730 billion) in assets, can significantly affect market volatility and transaction costs—particularly when investments are outsourced to external managers. According to a report released Tuesday by [...]
SEOUL, July 16 (Korea Bizwire) — After nearly 17 months of boycotting classes in protest of the South Korean government’s plan to increase medical school admissions by 2,000, the country’s medical students have signaled their intent to return — but their comeback is being met with sharp public criticism. While many welcome the end of [...]
SEOUL, July 16 (Korea Bizwire) — The share of intra-group transactions among South Korea’s major conglomerates rose sharply in 2023, with nearly 40 percent of their total domestic revenue derived from internal dealings, raising fresh concerns about potential abuses of market power and opaque business practices. According to a report released Monday by corporate research [...]
SEOUL, July 16 (Korea Bizwire) — Im Seung-kwan, newly appointed as the fourth Commissioner of the Korea Disease Control and Prevention Agency (KDCA), pledged Monday to strengthen South Korea’s public health security infrastructure and position the agency as a central command hub for infectious disease crises. Speaking at his inauguration ceremony at KDCA headquarters in Osong, [...]
SEOUL, July 16 (Korea Bizwire) — As South Korea seeks to meet its 2035 carbon reduction targets, the government is considering the wide-scale adoption of heat pumps as a key strategy to cut greenhouse gas emissions in the building sector. But the plan has sparked debate over its practicality, cost, and fit with the country’s [...]
SEOUL, July 16 (Korea Bizwire) — As temperatures in South Korea soar past 36 degrees Celsius, air-conditioned cinemas are becoming urban sanctuaries — and 4D screenings are emerging as a favorite form of escape. Blockbuster releases like F1: The Movie and Jurassic World: New Beginning are drawing crowds eager for immersive experiences that offer more [...]
SEOUL, July 15 (Korea Bizwire) — South Korea’s major game developers are ramping up efforts to expand their global reach, unveiling their latest titles at Gamescom 2025, one of the world’s largest video game trade fairs, set to take place in Cologne, Germany, from August 20 to 24. According to industry sources on Tuesday, Krafton, [...]
People, process, technology, and data insights will drive efficiencies across office operations NEW YORK, July 15, 2025 (Korea Bizwire) – Epiq announced today a new partnership with Todd & Weld LLP to provide office services, including mail management services; copy, print, and production services; IT support services; and, hospitality and reception services. Boston’s preeminent trial firm was looking [...]