SEOUL, July 1 (Korea Bizwire) — Hanwha Ocean Co. said Tuesday it has been selected as the preferred bidder to construct South Korea’s next-generation icebreaking research vessel, which is expected to significantly enhance the country’s polar exploration capabilities. The shipbuilder was selected as the preferred bidder for the project led by the Ministry of Oceans [...]
SEOUL, July 1 (Korea Bizwire) — Three cities are vying to host a new club in South Korean professional football, the league office announced Tuesday. The Korea Professional Football League (K League) said Yongin and Paju, both in Gyeonggi Province, and Gimhae, located in South Gyeongsang Province, have submitted their applications to join the K [...]
SEOUL, July 1 (Korea Bizwire) — The chairman of Daewoo Engineering & Construction (Daewoo E&C) Co. paid a courtesy visit to Turkmenistan’s president and top officials last week to discuss ways to expand the company’s business opportunities in the Central Asian nation, the company said Tuesday. During his visit, Daewoo E&C Chairman Jung Won-ju met [...]
SEOUL, July 1 (Korea Bizwire) -- Prosecutor General Shim Woo-jung has offered to resign, just about nine months into his two-year term, legal sources said Tuesday, amid a move by the new administration to reform the prosecution. Shim, who took office last September, expressed his intention to step down Monday, a day after President Lee [...]
LONDON and AMSTERDAM, June 30, 2025 (Korea Bizwire) – Hivello, a DePIN aggregator that enables everyone to earn by monetizing idle (computing) resources across multiple DePINs (Decentralized Physical Infrastructure Networks), today announced the official commencement of its token buyback and burn program, a strategic initiative designed to ensure the long-term stability and value of the HVLO [...]
Revolutionary decentralized AI infrastructure earns global recognition for democratizing computational power DUBAI, United Arab Emirates, June 30, 2025 (Korea Bizwire) — The digital economy has witnessed transformative platforms that fundamentally changed resource sharing: Grab revolutionized transportation, Airbnb transformed hospitality, and Shein disrupted supply chains. Now, a Vietnamese technology company is redefining the next frontier-computational power [...]
SEOUL, June 30 (Korea Bizwire) — A memorial event honoring Korean victims who were forced to work at an old Japanese mine complex during Japan’s colonial rule of Korea is unlikely to take place in July or August as Japan had promised, a Seoul official said Monday. Holding such a memorial ceremony for the victims [...]
SEOUL, June 30 (Korea Bizwire) — South Korea will raising the travel alert for Bolivia’s Cochabamba region starting next month, due to growing instability from intensifying anti-government protests and rising organized crime, the foreign ministry said Monday. A Level 3 travel alert, calling for citizens to leave the country, will be applied to Cochabamba beginning [...]
SEOUL, June 30 (Korea Bizwire) — Financially troubled MG Non-Life Insurance Co. may be put back on the selling block after the country’s financial regulator and the company’s labor union tentatively agreed on the matter, industry sources said Monday. In May this year, the Financial Services Commission said it has decided to liquidate MG Non-Life [...]
SEOUL, June 30 (Korea Bizwire) — LG Electronics Inc., South Korea’s leading home appliance maker, said Monday it has acquired a Norwegian hot water storage company to strengthen its foothold in the European air and water heating markets. The company said it acquired a 100 percent stake in OSO Group AS, a firm known for [...]