SEOUL, Aug. 6 (Korea Bizwire) – A special counsel team will make its second attempt to execute a warrant to detain jailed former President Yoon Suk Yeol on Thursday to bring him in for questioning over election meddling allegations involving him and his wife, judicial sources said. Special counsel Min Joong-ki’s team will make the [...]
SEOUL, Aug. 6 (Korea Bizwire) — POSCO E&C, the construction arm of South Korea’s leading steelmaker POSCO Group, said Wednesday it has begun an emergency management system and temporarily suspended new orders in its infrastructure business following a series of fatal industrial accidents at company-managed construction sites. In a statement, the company said any business [...]
SEOUL, Aug. 6 (Korea Bizwire) — South Korea’s leading display makers on Wednesday unveiled strategies to overcome the industry’s so-called chasm, or temporary demand plateau, by utilizing cutting-edge organic light-emitting diode (OLED) products and artificial intelligence (AI) technologies. LG Display Co. and Samsung Display Co. shared their visions during the 2025 Display Business Forum held [...]
SEOUL, Aug. 6 (Korea Bizwire) — Samsung E&A Co., a plant engineering arm of Samsung Group, said Wednesday it has won a 36 billion-won (US$26 million) order for the initial design and planning of a liquefied natural gas (LNG) project in Indonesia. Under a letter of award, the company will carry out front-end engineering design [...]
SEOUL, Aug. 6 (Korea Bizwire) — Major League Soccer (MLS) club Los Angeles Football Club (LAFC) have scheduled a press conference for Wednesday in downtown Los Angeles, apparently to unveil South Korean superstar Son Heung-min as their newest member. In a press release issued in both English and Korean, LAFC said they will “make a [...]
SEOUL, Aug. 6 (Korea Bizwire) – South Korea will introduce a temporary visa waiver program for Chinese group tourists starting late September, as part of efforts to boost domestic spending and the tourism market, government officials said Wednesday. The visa-free entry will come into force from Sept. 29 to June 30 next year, following a [...]
SEOUL, Aug. 6 (Korea Bizwire) — The antitrust regulator said Wednesday it has decided to refer the chairman of leading South Korean food company Nongshim Co. to the prosecution for allegedly omitting key affiliate companies from required disclosures to avoid designation as a large business group and to benefit from incentives for small businesses. Nongshim [...]
SEOUL, Aug. 6 (Korea Bizwire) – A special counsel team on Wednesday wrapped up its first questioning of former first lady Kim Keon Hee over her alleged involvement in stock manipulation schemes, election meddling and other charges. Kim denied allegations against her, according to judicial sources. The questioning lasted more than seven hours after beginning [...]
SEOUL, Aug. 6 (Korea Bizwire) — Oh Seung-hwan, the all-time saves leader in South Korean baseball, announced Wednesday he will retire after this season at age 43. Oh has spent his entire 15-year career in the Korea Baseball Organization (KBO) with the Samsung Lions, notching 427 saves. The right-hander also played for the Hanshin Tigers [...]
FDA approves single-dose AJOVY® (fremanezumab-vfrm) injection for the preventive treatment of episodic migraine in children and adolescents aged 6-17 who weigh 45 kilograms or more, offering a long-awaited monthly treatment option with in-office or at-home administration1 AJOVY expands access across age groups as the first and only calcitonin gene-related peptide (CGRP) antagonist approved for pediatric episodic migraine [...]