SEOUL, Dec. 8 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. said Monday it has signed a battery supply deal worth 2.06 trillion won (US$1.39 billion) with Mercedes-Benz AG. The supply, which will begin in March 2028, will run through June 2035, LG Energy Solution said in a regulatory filing. The volume [...]
SEOUL, Dec. 8 (Korea Bizwire) — All 12 cube satellites deployed by South Korea’s homegrown rocket Nuri last month have established communication with ground stations, their developers said Monday, setting a new milestone following the successful fourth launch of the space rocket. The 200-ton Nuri blasted off from Naro Space Center in the country’s southern [...]
SEOUL, Dec. 8 (Korea Bizwire) — Hyundai Mobis, South Korea’s largest auto parts maker, said Monday it has established a second research and development center in India as global carmakers turn to the country for more sophisticated automotive software and core components. The new facility, located in Bengaluru, will focus on specialized software development and will [...]
WASHINGTON, Dec. 7 (Korea Bizwire) – The global headquarters of e-commerce giant Coupang Inc. in Seattle is facing a class-action lawsuit, adding to a wave of complaints already lodged in South Korea over a massive personal data breach that affected more than 30 million customers. SJKP, the U.S. branch of Daeryun law firm, said during [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korea’s economy is showing signs of a modest recovery in industrial activity, supported by improving domestic consumption, even as a prolonged construction slump continues to weigh on output, the Korea Development Institute said Monday. “Construction has remained subdued for an extended period, but consumption has strengthened as interest-rate reductions [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korea is quietly becoming more diverse. New census data released by the Ministry of Statistics and Data show that people with a migration background accounted for more than 5 percent of the country’s population in 2024 — a modest but meaningful increase in a nation long assumed to be [...]
NEW YORK, Dec. 08, 2025 (Korea Bizwire) – We are advised by ICARO that certain information is subject to confidentiality agreements. Journalists and other readers should disregard the news release, “ICARO Media Group Enters New Multiyear Digital Network Deal with Elevator Giant Otis in Spain, Portugal and Africa,” issued November 25, 2025 10:27 ET, over GlobeNewswire. [...]
SINGAPORE, Dec. 07, 2025 (Korea Bizwire) – Digital Realty (NYSE: DLR), the largest global provider of cloud- and carrier-neutral data center, colocation, and interconnection solutions and an Oracle Partner, today announced it will offer connectivity to an Oracle Cloud Infrastructure (OCI) FastConnect point-of-presence (PoP) within the Oracle Cloud Singapore West Region. In addition to the new connectivity, [...]
SEOUL, Dec. 8 (Korea Bizwire) — South Korean police have reassigned an investigator specializing in medical crimes to reexamine allegations that resident doctors at a major Seoul hospital received illicit kickbacks from pharmaceutical companies, signaling renewed scrutiny of a case long criticized for lackluster enforcement. According to officials and reporting by Yonhap News Agency, the Seoul [...]
SEOUL, Dec. 8 (Korea Bizwire) — Following the disclosure that personal information belonging to more than 30 million Coupang users had been leaked, South Korea’s leading digital platforms are moving to strengthen cybersecurity, conduct internal audits and guard against potential secondary fraud, industry officials said Sunday. Major players — including Naver, Kakao and financial platform Toss [...]