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HERE and Genesys Partner to Tackle Distracted Driving and Deliver Next-Generation Navigation Experiences in India

Strategic collaboration brings dynamic maps, real-time traffic updates and integrated safety features to Indian vehicles Partnership supports India’s automotive shift toward software-defined, connected driving experiences Mumbai, India – HERE Technologies, the global leader in digital mapping and location data, and Genesys International, a leading Indian geospatial solutions company, have joined forces to radically improve the in-car [...]

Oil-Dri Corporation of America Appoints Dr. Mervyn de Souza as Vice President of Research & Development

CHICAGO, July 08, 2025 (Korea Bizwire) – Oil-Dri Corporation of America (NYSE: ODC), is pleased to announce the appointment of Dr. Mervyn de Souza as Vice President of Research & Development. In this role, Dr. de Souza will lead Oil-Dri’s global innovation efforts, advancing the development of new, value-added products and applications that leverage the [...]

In Scorching Heat, Seoul’s Traffic Police Endure the Front Lines for Public Safety

SEOUL, July 9 (Korea Bizwire) — At 8 a.m. on July 8, the sun blazed down on the asphalt at the busy intersection near Sinseol-dong Station in eastern Seoul. Already, the air was thick with heat, and the road shimmered under temperatures nearing boiling. Amid it all stood Officer Shim Gyu-beom, 30, of the Dongdaemun [...]

Climate Anxiety Emerges as Public Health Concern in South Korea

SEOUL, July 9 (Korea Bizwire) — As climate change intensifies, its psychological toll—ranging from anxiety to trauma—is emerging as a critical public health issue, prompting experts in South Korea to call for an integrated mental health support system. At the Climate Health Forum hosted by the Korea Disease Control and Prevention Agency (KDCA) and the [...]

Samyang Foods Hits Record High as Buldak Ramen Demand Surges

SEOUL, July 8 (Korea Bizwire) — Shares of Samyang Foods surged to a new all-time high on Tuesday, buoyed by soaring global demand for its signature Buldak spicy ramen and expanded production capacity. The stock closed at 1,436,000 won on the Korea Exchange, up 7.65% from the previous trading day, surpassing the 1.4 million won [...]

Younger South Koreans Shun New Cars as Older Generations Drive Market Growth

SEOUL, July 9 (Korea Bizwire) – South Korea’s younger generations are increasingly forgoing car ownership, with new data showing that new vehicle registrations among people in their 20s and 30s have dropped to their lowest levels in a decade. In contrast, older consumers — particularly those in their 60s and 70s — are driving a [...]

Samsung’s Earnings Shock Signals Broader Downturn for Korean Industry in Q2

SEOUL, July 8 (Korea Bizwire) — South Korea’s industrial giants are bracing for a sobering second quarter, as Samsung Electronics’ steep earnings miss reverberates across the country’s core sectors — including autos, steel, batteries, and refining — amid global economic headwinds and rising geopolitical trade barriers. Samsung, long the bellwether of Korean corporate performance, reported [...]

Samsung’s Q2 Profit Halved Amid Semiconductor Woes and Inventory Write-Downs

SEOUL, July 8 (Korea Bizwire) — Samsung Electronics reported a 56% drop in second-quarter operating profit, as its core semiconductor business struggled with falling demand, inventory losses, and geopolitical headwinds, reinforcing concerns over the company’s near-term growth trajectory. The tech giant on Tuesday announced preliminary earnings of 4.6 trillion won ($3.3 billion) on 74 trillion [...]

Trump Tariffs Weigh Heavily on Samsung and LG as U.S. Trade Pressure Mounts

SEOUL, July 8 (Korea Bizwire) — The mounting cost burden of U.S. tariff policies under the Trump administration is beginning to show in the earnings of South Korea’s top electronics manufacturers, with Samsung Electronics and LG Electronics both reporting sharp profit declines in the second quarter. The impact stems from a series of U.S. tariff measures, [...]

LG Electronics Unveils Advanced Cooling Technology, Targets $15 Billion HVAC Business by 2030

SEOUL, July 8 (Korea Bizwire) — As midday temperatures soared past 36°C on July 8, LG Science Park in Seoul remained a cool refuge—thanks to LG Electronics’ cutting-edge HVAC (Heating, Ventilation, and Air Conditioning) systems, now positioned at the core of the company’s high-growth strategy. For the first time, LG opened its state-of-the-art HVAC facility [...]