SEOUL, Jan. 4 (Korea Bizwire) — Genesis, the luxury marque spun off from South Korea’s Hyundai Motor Group a decade ago, has passed a global sales milestone, underscoring its steady ascent in the fiercely competitive premium auto market. The brand’s cumulative sales reached 1.51 million vehicles as of November, according to data released Sunday by Hyundai [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korea’s presidential national security team convened an emergency meeting Sunday after North Korea fired multiple ballistic missiles into the East Sea, an act Seoul condemned as a violation of United Nations resolutions. The meeting at Cheong Wa Dae was chaired by Deputy National Security Adviser Lim Jong-deuk and included [...]
SEOUL, Jan. 2 (Korea Bizwire) — Hanmi Semiconductor said it will introduce a customer rewards program this year, offering credits equivalent to 2 percent of equipment order values — a first in the global semiconductor equipment industry — as it looks to deepen long-term partnerships and reinforce its competitive edge in the fast-growing market for artificial [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korean game developer NCSoft has unveiled Lineage Classic, a revival of the early-2000s version of its long-running flagship franchise, and opened advance registrations ahead of its February launch. The company said Friday that the PC-based title will begin free pre-service on Feb. 7 in South Korea and Taiwan, [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korean stocks climbed to a record close Friday, propelled by heavy buying in large semiconductor names as investors doubled down on bets that artificial intelligence–driven growth will continue to bolster the country’s export engine. The won weakened against the U.S. dollar. The benchmark Korea Composite Stock Price Index jumped [...]
SEOUL, Jan. 2 (Korea Bizwire) — A quirky phrase commonly used in South Korea to describe someone’s peak years or bygone glory has its roots in an English football transfer — a linguistic journey that recently drew the attention of the BBC. The expression, “Leeds days,” is now widely used in Korean to refer to a [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s leading conglomerates are entering the new year with a common message: artificial intelligence will be central to navigating an increasingly uncertain global business environment, even as companies double down on core technologies, safety and organizational reform. In New Year’s messages released this week, chairmen of the country’s largest [...]
SEOUL, Jan. 2 (Korea Bizwire) — The finance ministry was formally divided into two separate ministries on Friday, with a newly established body taking over the government’s budget planning functions. Under a government reorganization, the ministry was divided into the Ministry of Economy and Finance and the newly established Ministry of Planning and Budget, which [...]
SEOUL, Jan. 2 (Korea Bizwire) — Online shopping sales in South Korea jumped 6.8 percent from a year earlier to a record high in November, driven by strong demand for food-related services, data showed Friday. The value of online shopping transactions stood at 24.15 trillion won (US$16.75 billion) in November, up 1.53 trillion won from [...]
SEOUL, Jan. 2 (Korea Bizwire) — The head of South Korea’s main bourse operator vowed Friday efforts to upgrade the country’s capital market by extending trading hours and strengthening crackdowns on unfair trading practices. Jeong Eun-bo, the chairman of the Korea Exchange (KRX), made the remarks at an event celebrating the first trading day of [...]