SEOUL, Dec. 15 (Korea Bizwire) — The Seoul Museum of Art (SeMA) will open a large-scale exhibition of contemporary art from the United Arab Emirates on December 16, marking the institution’s first comprehensive showcase of UAE modern art and the second collaboration between SeMA and the Abu Dhabi Music & Arts Foundation (ADMAF). Titled Proximate Worlds, [...]
SEOUL, Dec. 15 (Korea Bizwire) — The government said Monday that sales of state-owned assets worth 30 billion won (US$20.3 million) will require mandatory prior reporting to the relevant standing committee of the National Assembly, amid concerns that public assets are being sold at undervalued prices. Under the measures announced by the Ministry of Economy [...]
SEOUL, Dec. 15 (Korea Bizwire) — Lotte Hotel & Resorts said Monday it will acquire the land beneath The New York Palace Hotel, securing full ownership of one of its most prominent overseas assets and eliminating long-term lease risks tied to the site. The South Korean hotel group purchased the Midtown Manhattan property’s building in 2015, [...]
SEOUL, Dec. 15 (Korea Bizwire) — GM Korea said Monday it will invest $300 million to bolster its South Korean operations, a move aimed at easing concerns that the Detroit automaker could scale back production in the country amid shifting U.S. trade policies. The announcement was made at the company’s 2026 Business Strategy Conference in [...]
SEOUL, Dec. 15 (Korea Bizwire) — The head of South Korea’s antitrust watchdog on Monday pledged to ensure that foreign companies do not face unequal treatment in the country, reaffirming the agency’s principle of non-discrimination. Ju Biung-ghi, chairman of the Fair Trade Commission (FTC), made such a remark during a meeting with the American Chamber [...]
SEOUL, Dec. 15 (Korea Bizwire) — South Korea is preparing to overhaul its public transit payment system to allow foreign visitors to ride buses and subways using the same credit cards they carry abroad, a shift aimed at easing one of the most persistent inconveniences for travelers. The Ministry of Land, Infrastructure and Transport has begun [...]
SEOUL, Dec. 15 (Korea Bizwire) — Samsung Electronics’ Galaxy smartphone line has once again been named South Korea’s most valuable brand, extending its reign to 15 consecutive years, according to a widely watched industry index released Sunday. Branding consultancy Brandstock said Galaxy earned a Brand Stock Top Index (BSTI) score of 948 in its 2025 ranking [...]
SEOUL, Dec. 15 (Korea Bizwire) — Early-stage entrepreneurs using artificial intelligence to solve industrial problems are beginning to see tangible results, propelled by TeX-Corps (Tech EXploration Corps) — a commercialization program modeled after the U.S. National Science Foundation’s I-Corps that pushes researchers to validate their ideas through rapid, intensive customer discovery. The program, designed to help [...]
BUSAN, Dec. 15 (Korea Bizwire) — South Korea’s Coast Guard has arrested a smuggling ring accused of importing thousands of counterfeit luxury goods from China and selling them online, prompting several global fashion houses to issue formal letters of appreciation — an unusually public response from brands that rarely acknowledge enforcement actions. The South Regional Coast [...]
SEOUL, Dec. 15 (Korea Bizwire) — Samsung Electronics said Sunday that its AI-powered energy-saving mode for home appliances has been shown to reduce electricity consumption in high-efficiency washing machines by roughly 30 percent, based on one of the largest real-world validations conducted in the industry. The findings come from a yearlong study Samsung carried out with [...]