SEOUL, May 22 (Korea Bizwire) – LG Electronics announced Wednesday that it has surpassed 10 million cumulative OLED TV sales in Europe, marking a major milestone in the company’s global expansion and long-standing dominance in premium television technology. Since launching its OLED TV lineup in the European market in 2013, LG reached 5 million units in [...]
SEOUL, May 22 (Korea Bizwire) — Google may launch a cheaper version of YouTube Premium without its music streaming component in South Korea in a move aimed at addressing concerns over alleged anti-competitive practices, the country’s antitrust watchdog said Thursday. The self-proposed measure is part of negotiations between the U.S. tech giant and the Fair [...]
SEOUL, May 22 (Korea Bizwire) — Samsung Biologics Co., a biotech arm of South Korea’s Samsung Group, said Thursday it plans to spin off its biosimilar development business to streamline its operations and focus on its core contract development and manufacturing organization (CDMO) services. According to a regulatory filing, the company will establish a new [...]
SEOUL, May 22 (Korea Bizwire) —SK hynix Inc. said Thursday it has developed a mobile universal flash storage (UFS) chip based on the world’s highest 321-layer 1 terabit NAND flash technology, delivering faster, more power-efficient data processing tailored for on-device artificial intelligence (AI). The new UFS 4.1 product offers a 7 percent improvement in power [...]
SEOUL, May 22 (Korea Bizwire) — The government said Thursday it will invite bids to construct a homegrown energy storage system (ESS), a project estimated to cost around 1 trillion won (US$725 million), in a move aimed at enhancing the efficiency of domestic power production. According to the Ministry of Trade, Industry and Energy, the [...]
SEOUL, May 22 (Korea Bizwire) — A group of Polish soldiers have undergone training in South Korea to operate the Chunmoo rocket artillery after Warsaw’s recent purchase of the weapons system, the Army said Thursday. The two-week program kicked off at a training field in Paju, about 30 kilometers northwest of Seoul, last Thursday, involving [...]
SEOUL, May 22, 2025 (Korea Bizwire) — After a prolonged slump driven by scandals and user attrition, South Korea’s blockchain gaming industry is showing signs of a robust revival, fueled by new product launches and anticipation of a more favorable regulatory climate under the incoming administration. Nexon, one of South Korea’s largest game developers, officially launched [...]
SEOUL, May 22, 2025 (Korea Bizwire) — A new report warns that South Korea’s manufacturing sector remains disproportionately dependent on foreign demand—particularly from the United States and China—raising concerns about economic vulnerability amid ongoing global trade tensions. According to data released Wednesday by the Korea Employers Federation (KEF), 58.4% of South Korea’s manufacturing GDP in [...]
SEOUL, May 22 (Korea Bizwire) — China solidified its near-total dominance of the global lithium-ion battery anode materials market in 2024, pushing South Korea’s POSCO Future M out of the global top 10 amid intensifying price competition and overproduction. According to data released Tuesday by SNE Research, global demand for anode materials reached 1.97 million tons [...]
SEOUL, May 22, 2025 (Korea Bizwire) — Asiana Airlines is facing mounting criticism and potential legal action over plans to offer unequal severance packages to employees affected by the company’s upcoming sale of its cargo division to Air Incheon, scheduled for July. According to industry sources, Asiana recently notified staff that domestic employees in its [...]