SEOUL, Nov. 8 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. is poised to showcase its first self-driving vehicle in December, industry sources said Sunday, heralding the full-fledged commercialization of the novel technology in the country. Hyundai plans to roll out the latest version of its Genesis luxury sedan equipped with the so-called [...]
SEOUL, Oct. 28 (Korea Bizwire)–The stock prices of companies in the domestic baby-product industry showed strength right before the fifth plenary session of the Central Committee of the Communist Party of China. China is expected to amend its strict child birth policies to allow parents to have more than one child. Shares of Zero to [...]
BUSAN, Oct. 27 (Korea Bizwire)-On October 26, 78 Chinese couples tied the knot in a group wedding ceremony held at Haeundae Beach in Busan. Busan mayor Seo Byung-soo officiated the wedding, wishing the couples happiness as they embarked on new lives together. The couples arrived in Busan on October 25, and had wedding photos taken [...]
“Some people have argued there was no big issue, but this is because most of the critical bilateral matters such as the transfer of wartime operational control of South Korean troops and cost sharing for U.S. forces on the Korean Peninsula have all been resolved in advance.” – a Cheong Wa Dae insider who spoke [...]
SEOUL, Oct. 25 (Korea Bizwire) — Police said Sunday they have received intelligence claiming that a group linked to the Islamic State (ISIS) has threatened to bomb a store in a posh Seoul district. In a posting on social media, the unidentified group said they would detonate explosives at a shop near COEX, a large [...]
“I fully respect that now Korea is a first world country and that the people who live here, they should be able to take care of the children that are born here.” “Korea made a decision to decrease the number of intercountry adoptions every year. But we understand now that while the number of intercountry [...]
SEOUL, Oct. 4 (Korea Bizwire) – A growing number of South Korean companies failed to generate enough operating profit to pay tax and interest payments on their debt, potentially raising downside risks in Asia’s fourth-largest economy, data showed Sunday. Out of 628 listed companies excluding financial firms, 34.9 percent of the companies failed to make [...]
SEOUL, Oct. 4 (Korea Bizwire) – LG Chem Ltd., South Korea’s leading chemicals and battery maker, said Sunday that it has signed a deal to supply lithium-ion (EV) batteries to golf carts made by Japan’s Yamaha Motors Company. Under the contract, LG Chem will supply Yamaha Motors with lithium-ion batteries for its golf carts starting [...]
SEOUL, Oct. 4 (Korea Bizwire) – The financial regulator said Sunday that it will allow public and private pension funds to invest in exchange traded funds (ETFs) in a bid to provide a safer and decent yield-generating investment tool in the low rate environment. An ETF refers to an investment fund traded on stock exchanges [...]
SEOUL, Oct. 4 (Korea Bizwire) – The city of Seoul will host a music concert next week, staging K-pop stars as well as popular singers from China, Japan and Southeast Asian countries, according to the city government Friday. Popular South Korean boy bands CNBLUE and GOT7 will feature prominently in the One Asia Seoul Mega [...]