SEOUL, Sept. 4 (Korea Bizwire) — POSCO International Corp. said Monday it has signed two initial agreements with a Canadian and an Australian mining company for the sourcing of a key secondary battery material from Africa. Under the memorandum of understanding (MOU) with Canada’s NextSource Materials Inc., POSCO International will co-invest in Molo graphite mining [...]
SEOUL, Sept. 4 (Korea Bizwire) — French designer brand ami has opened its first duty-free shop in South Korea as part of its efforts to reach out to more global consumers, its distributor said Monday. Ami opened a 33.3-square-meter store at Lotte Duty Free’s Myeongdong branch in central Seoul on Friday, according to Samsung C&T [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s Hyundai Motor Co. on Monday launched the N brand’s first all-electric model, the Ioniq 5 N, in the domestic market as it accelerates its transition to a future mobility solutions provider. The Ioniq 5 N, first unveiled at the 2023 Goodwood Festival of Speed in Great Britain [...]
SEOUL, Sept. 4 (Korea Bizwire) — Netmarble Corp. continues its “select and focus” program, actively discontinuing unprofitable existing game services. The South Korean game developer and publisher officially announced through its online cafe on Thursday that it will pull the plug on its mobile game ‘Monster Taming’ on Nov. 30, initiating the process of blocking [...]
SEOUL, Sept. 4 (Korea Bizwire) — Korean visual artist Kang Seo-kyeong presents a wide range of works, including painting, sculpture, video and multimedia installations, at her solo exhibition set to open at Leeum Museum of Art in central Seoul later this week. Kang’s largest-ever solo exhibition to date, titled “Willow Drum Oriole,” will be held [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korean boy band Stray Kids ranked second in the United States for album sales so far this year, according to their agency, JYP Entertainment, on Monday. The agency said Stray Kids came in second place after Taylor Swift on “chart data,” an account on X, formerly known as [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s exports of lipsticks are anticipated to hit a new record in 2023, the customs agency said Monday, on the back of increasing demand as people have taken off masks around the globe. The outlook came as exports of the products reached a record high of US$198 million [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s finance ministry said Monday it plans to lift visa processing fees for Chinese tourists through the end of this year and increase the number of flights in line with efforts to attract more Chinese visitors. The latest move came three weeks after China’s tourism authorities announced the [...]
BERLIN, Sept. 4 (Korea Bizwire) — Samsung Electronics Co. is working to add generative artificial intelligence (AI) features to its home appliances next year, an executive vice president has said at the IFA tech trade show in Berlin, to improve the homelife of each user. “We are preparing to apply generative AI technologies to our [...]
SEOUL, Sept. 4 (Korea Bizwire) — South Korea’s finance ministry said Monday it plans to skip a feasibility study on the plan to create the world’s largest semiconductor cluster south of Seoul, in line with efforts to speed up the recovery of the chip industry. The decision came amid the country’s sluggish exports, which fell [...]