SEOUL, Jan. 8 (Korea Bizwire) — South Korea has taken a step to strengthen its supply of strategic minerals by formally recognizing recycling and recovery from waste as a distinct industrial sector, a move aimed at shoring up domestic supply chains for materials critical to advanced manufacturing. The Ministry of Trade, Industry and Energy said Thursday [...]
SEOUL, Jan. 8 (Korea Bizwire) – The head of LG Electronics Inc. said the company’s CLOiD home robot will play a key role in realizing the company’s “Zero Labor Home” vision in the era of artificial intelligence (AI), according to the company Thursday. Chief Executive Officer (CEO) Lyu Jae-cheol, who took the position in November, [...]
SEOUL, Jan. 8 (Korea Bizwire) – South Korea’s economy is showing tentative signs of recovery, buoyed by firmer consumer spending and resilient exports, even as deepening weakness in construction continues to weigh on overall growth, a state-run research institute said Thursday. In its latest monthly assessment, the Korea Development Institute said gains in private consumption [...]
SEOUL, Jan. 8 (Korea Bizwire) – China’s recent ban on exports of dual-use items with military applications to Japan will likely impact South Korea’s imports and industries, the industry ministry said Thursday, vowing measures to prevent a supply shortage of affected items. The Ministry of Trade, Industry and Resources held a supply chain inspection meeting [...]
SEOUL, Jan. 8 (Korea Bizwire) – The financial watchdog will launch an official audit of e-commerce giant Coupang Inc.’s financial unit next week over its high-interest loan product following a preliminary inspection, officials said Thursday. Coupang Financial has come under fire for charging high interest rates on loans to vendors by leveraging its dominant market [...]
SEOUL, Jan. 8 (Korea Bizwire) — Louis Vuitton has reopened its flagship Dosan store in Seoul’s Gangnam district following a renovation that commemorates the 130th anniversary of the brand’s iconic monogram, the company said Wednesday. The refurbishment pays tribute to the monogram design created in 1896 by Georges Vuitton in honor of his father, Louis Vuitton, [...]
SEOUL, Jan. 8 (Korea Bizwire) — South Korean consumers remain steered toward costly mobile phone plans even after the repeal of the nation’s handset distribution law, a new survey has found, raising questions about whether recent deregulation has meaningfully expanded consumer choice. According to a report released Thursday by the Korea Consumer Federation, discounts and benefits [...]
SEOUL, Jan. 8 (Korea Bizwire) – A sharp cold snap swept across South Korea on Thursday, sending temperatures in Seoul down to minus 8.2 degrees Celsius and driving wind chills far lower, as forecasters warned of heavy snowfall across much of the country in the days ahead. The Korea Meteorological Administration said perceived temperatures plunged [...]
SEOUL, Jan. 7 (Korea Bizwire) – South Korean tech giant Naver Corp. said Thursday it has built the country’s largest artificial intelligence (AI) computing cluster powered by Nvidia Corp.’s next-generation B200 Blackwell graphics processing units (GPUs). The B200 4K Cluster gives Naver computing power on a global scale and will support the development of its [...]
SEOUL, Jan. 8 (Korea Bizwire) — Samsung Electronics posted a sharp rebound in earnings in the fourth quarter of 2025, buoyed by a surge in its semiconductor business, but the results also exposed widening disparities across its non-chip divisions as rising component costs weighed on consumer electronics. The company said Thursday that preliminary fourth-quarter revenue reached [...]