SEOUL, May 16 (Korea Bizwire) — As South Korea’s National Health Insurance Service (NHIS) prepares for the final appeal hearing in its landmark ₩53.3 billion ($39 million) lawsuit against tobacco companies, a new survey shows that nearly two-thirds of Koreans believe cigarette makers should be held financially responsible for medical costs linked to lung cancer. The [...]
INJE, South Korea, May 16 (Korea Bizwire) — The 2025 Seorak Granfondo, widely considered the most challenging cycling race in the country, will take place on May 17 in the mountainous region of Sangnam-myeon, Inje County. Part of the Gran Fondo World Tour (GFWT), the Seorak Granfondo is rated as an F-level course—signifying one of [...]
TEL AVIV, Israel, May 15, 2025 (Korea Bizwire) – Teva Pharmaceuticals (NYSE and TASE: TEVA) today announced that Moody’s Investor Services (“Moody’s”) has raised the company’s corporate credit rating to Ba1, outlook stable; from Ba2, outlook positive. Moody’s report cites the Company’s strengths which include significant global scale, ongoing growth in the company’s branded franchises, stabilization [...]
SEOUL,May 15 (Korea Bizwire) — In a bright classroom at Deokseong Girls’ Middle School in central Seoul, students began their first-period social studies lesson not with paper textbooks but with Apple iPads, seamlessly streaming a video on refugees from the Gaza Strip. It was a typical scene in one of South Korea’s pioneering Apple Distinguished [...]
Reverse Prior-Year Nine-Month Net Loss of $5.0 Million to Modest Net Profit KUALA LUMPUR, Malaysia, May 15, 2025 (Korea Bizwire) – Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a leading e-commerce platform operator, today announced its financial results for the third quarter ended March 31, 2025. Key Financial Highlights Revenue for the [...]
Basildon, May 15, 2025 CNH (NYSE: CNH) announces that it has signed an agreement with Starlink, a subsidiary of SpaceX, to bring industry-leading satellite connectivity to farmers. This collaboration will provide customers of CNH brands, Case IH, New Holland and STEYR, with robust and affordable high-speed connectivity – further unlocking the benefits of a fully [...]
May 15, 2025 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the successful pricing of its offering of EUR 500 million fixed rate notes due 2030 and EUR 500 million fixed rate notes due 2035 (the “Notes”) under its European Medium Term Note (EMTN) program. The net [...]
SANTA MONICA, Calif. , May 15, 2025 (Korea Bizwire) – Top California Lender, LLC, a leading private lender specializing in commercial lending, is pleased to announce the successful closing of two significant loans totaling $25 million, reinforcing its commitment to supporting real estate investment and development across the United States. The first deal, a $15 [...]
SEOUL, May 15 (Korea Bizwire) — The Personal Information Protection Commission (PIPC) of South Korea has imposed a ₩1.36 billion (approximately $990,000) fine on Chinese e-commerce platform Temu for violating the country’s data protection laws, including the unauthorized overseas transfer of personal data belonging to South Korean users. The penalty, announced on May 15, comes [...]
SEOUL, May 15 (Korea Bizwire) — In a bid to ease mounting labor shortages in its service industry, the South Korean government announced Thursday an expansion of permissible job roles for foreign workers under the Employment Permit System (E-9 visa), particularly in delivery services, restaurants, and the hospitality sector. At the 47th Foreign Workforce Policy [...]