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Driving the Nation: Hyundai Motor Group Emerges as South Korea’s Top Economic Contributor in 2024

Driving the Nation: Hyundai Motor Group Emerges as South Korea’s Top Economic Contributor in 2024

SEOUL, June 26 (Korea Bizwire) — In a year defined by economic uncertainty and global industry shifts, Hyundai Motor Group stood out as South Korea’s most impactful corporate force—fueling growth across sectors and surpassing all other conglomerates in total economic contribution. According to data released Thursday by corporate tracker CEO Score, the automotive giant generated [...]

Hummingbird Bioscience Licenses HMBD-002, Phase II-Ready Anti-VISTA Monoclonal Antibody to Percheron Therapeutics

Hummingbird Bioscience Licenses HMBD-002, Phase II-Ready Anti-VISTA Monoclonal Antibody to Percheron Therapeutics

Percheron Therapeutics obtains exclusive worldwide rights to Hummingbird Bioscience’s anti-VISTA mAb for further clinical development Hummingbird Bioscience stands to receive up to USD 290 million in upfront and milestone payments, plus royalties, from Percheron Therapeutics Percheron Therapeutics aims to commence phase II clinical development of HMBD-002 in CY2026 SINGAPORE, June 26, 2025 (Korea Bizwire) – [...]

Teva to Host Conference Call to Discuss Second Quarter 2025 Financial Results at 8 a.m. ET on July 30, 2025

Teva to Host Conference Call to Discuss Second Quarter 2025 Financial Results at 8 a.m. ET on July 30, 2025

TEL AVIV, Israel, June 25, 2025 (Korea Bizwire) – Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) announced today that it will issue a press release on its second quarter 2025 financial results on Wednesday, July 30, 2025, at 7:00 a.m. ET. Following the release, Teva will conduct a conference call and live webcast on [...]

South Korea Issues Safety Alert Over Expanding Water Beads Amid Rising Child Injuries

South Korea Issues Safety Alert Over Expanding Water Beads Amid Rising Child Injuries

  SEOUL, June 26 (Korea Bizwire) — South Korea’s consumer watchdog has issued a safety advisory following a rise in accidents involving water-absorbing polymer beads—commonly known as “water beads” or “crystal soil”—which are increasingly popular as children’s sensory play toys. The Korea Consumer Agency (KCA) announced on Wednesday that it had issued the alert after [...]

South Korea Pioneers World’s First Onshore Reuse of LNG Boil-Off Gas During Shipbuilding

South Korea Pioneers World’s First Onshore Reuse of LNG Boil-Off Gas During Shipbuilding

SEOUL,  June 26 (Korea Bizwire) — In a global first, South Korea’s Korean Register (KR) and HD Hyundai have successfully demonstrated a technology that captures and recycles boil-off gas from LNG-fueled ships under construction, repurposing it as city gas for onshore use. The trial was conducted at HD Hyundai Heavy Industries’ Ulsan shipyard on a [...]

SK Telecom Signals Aggressive Comeback With Subsidy War Ahead of Galaxy Z Fold 7 Launch

SK Telecom Signals Aggressive Comeback With Subsidy War Ahead of Galaxy Z Fold 7 Launch

SEOUL, June 26 (Korea Bizwire) — SK Telecom is poised to reenter South Korea’s competitive mobile market with aggressive customer acquisition strategies following a 51-day business suspension. With Samsung’s Galaxy Z Fold 7 set for release next month and potential changes to the country’s subsidy regulations looming, industry watchers expect a full-fledged “subsidy war” among [...]

President Lee Suggests Legal Pathways Beyond Law School, Sparking Reform Debate

President Lee Suggests Legal Pathways Beyond Law School, Sparking Reform Debate

SEOUL, June 26 (Korea Bizwire) — President Lee Jae-myung has raised the possibility of reintroducing South Korea’s traditional bar exam system, signaling potential reforms to the country’s legal education pathway and reigniting a long-standing national debate. During a town hall meeting in Gwangju on June 25, President Lee responded to a citizen’s call for the [...]

South Korean Professor Criticizes Chinese Claims Over Netflix K-Pop Animation

South Korean Professor Criticizes Chinese Claims Over Netflix K-Pop Animation

SEOUL, June 25 (Korea Bizwire) — A South Korean academic has publicly denounced what he calls “baseless and absurd” accusations by Chinese internet users who allege cultural appropriation in the new Netflix animated film K-Pop Demon Hunters, which has become a global hit. Seo Kyung-duk, a professor at Sungshin Women’s University and prominent advocate for [...]

Yachting: Yacht Club de Monaco receives RYA accreditation

Yachting: Yacht Club de Monaco receives RYA accreditation

MONACO, June 25, 2025 (Korea Bizwire) – A major recognition for the Yacht Club de Monaco: through its training centre, La Belle Classe Academy, and its Sports Section, the club has received official accreditation from the Royal Yachting Association (RYA), the world’s leading authority in boating and water sports training. The news was announced by [...]

Korean Chamber Proposes $6 Trillion Korea-Japan Economic Bloc, Major Shift Toward Skilled Immigration and Service Exports

Korean Chamber Proposes $6 Trillion Korea-Japan Economic Bloc, Major Shift Toward Skilled Immigration and Service Exports

SEOUL, June 25 (Korea Bizwire) — The Korea Chamber of Commerce and Industry (KCCI) has formally proposed a bold economic blueprint to the new South Korean government, calling for the creation of a $6 trillion Korea-Japan economic union, the large-scale recruitment of skilled foreign labor, and a national pivot toward service-based exports. In a policy [...]