SEOUL, Aug. 3 (Korea Bizwire) — South Korea’s customs agency said Thursday it has confiscated 30 billion won (US$23.12 million) worth of forged luxury brand items and other illegal goods in the first half of this year. The Korea Customs Service said it had found 2 million illegal items worth 30 billion won combined in [...]
SEOUL, Aug. 3 (Korea Bizwire) — One in four teachers cited insufficient punishment for misbehaving students and parents as the main reason for the increase in the infringement of teachers’ rights, a poll by the education ministry showed Thursday. In the online survey of 22,084 teachers working at 1,315 kindergartens and elementary, middle, high and [...]
SEOUL, Aug. 3 (Korea Bizwire) – K-pop girl group BLACKPINK’s Jisoo is in a romantic relationship with actor Ahn Bo-hyun, her agency confirmed Thursday. “They are currently in the phase of acquainting themselves with each other,” YG Entertainment said, confirming a media report on their relationship. “We would appreciate it if you extend warm support [...]
SEOUL, Aug. 3 (Korea Bizwire) — Three major South Korean battery makers saw their market share fall in the first half of the year from a year earlier despite solid growth, as bigger Chinese rivals further expanded their overseas foothold, a report said Thursday. The combined market share of the three — LG Energy Solution [...]
SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. said Thursday it will join hands with U.S. investment firm Clearbrook LLC to raise more than US$100 million to invest in industries of the future, including digital health, renewable energy and artificial intelligence. The South Korean tech company said its North American Innovation Center (LG NOVA) [...]
SEOUL, Aug. 3 (Korea Bizwire) – Imported vehicle sales in South Korea fell 1.3 percent last month from a year earlier due to the end of tax cuts and lack of supplies in some brands, an industry association said Thursday. The number of newly registered imported cars came to 21,138 units in July, down from [...]
SEOUL, Aug. 3 (Korea Bizwire) — Hyundai Motor Group said Thursday it will invest US$50 million in Canadian artificial intelligence (AI) semiconductor startup Tenstorrent as it seeks to integrate AI into its future mobility solutions. Hyundai Motor Co. and its smaller affiliate Kia Corp. will invest $30 million and $20 million, respectively, in Tenstorrent as [...]
SEOUL, Aug. 3 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger, on Thursday said its second-quarter net profit dropped due to increased costs and investments. Its net profit reached 56.3 billion won (US$43.3 million) in the April-June period, down 44 percent from a year earlier, the company said in a [...]
SEOUL, Aug. 3 (Korea Bizwire) — South Korean girl group NewJeans has achieved a significant milestone by topping the Billboard 200 main albums chart for the first time since its debut a year ago. According to the latest chart revealed Wednesday (U.S. time), the quintet’s second EP titled “Get Up” debuted atop the list. This [...]
SEOUL, Aug. 3 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Wednesday it has developed a glove box for electric vehicles (EVs), which will be featured in Kia Corp.’s all-electric EV9 flagship SUV. Inspired by the structure of aircraft cabin storage compartments, the parabolic motion glove box offers a higher [...]