SEOUL, June 16 (Korea Bizwire) — South Korea will extend its fuel tax cuts and consumption tax reductions for electric vehicles (EVs) to ease the financial burden on consumers amid rising prices and weakening demand, the finance ministry said Monday. Under the latest extension, the current fuel tax reductions — a 10 percent cut on [...]
SEOUL, June 16 (Korea Bizwire) — President Lee Jae-myung departed for Canada on Monday to attend the Group of Seven (G7) summit, marking his diplomatic debut on the global stage just less than two weeks into his term in office. Lee embarked on a three-day trip to Alberta to attend an expanded G7 summit session [...]
Transaction to strengthen Mavenir’s balance sheet and support its strategic focus on its profitable Mobile Core segment Mavenir to refocus Open RAN investments on 4G and 5G software, will accelerate investment in AI Siris to be controlling shareholder with support from key existing Mavenir lenders RICHARDSON, Texas, June 16, 2025 (Korea Bizwire) — Mavenir, the [...]
Le Bourget, Paris, June 16, 2025 (Korea Bizwire) — At the Paris Air Show 2025, Deutsche Aircraft unveiled the New Garmin G5000® PRIME Flight Deck for the D28eco at Paris Air Show: the integration of Garmin’s G5000 PRIME integrated flight deck into the next-generation 40-seater D328eco regional turboprop. This announcement marks a significant advancement in [...]
ZURICH, Switzerland, June 16, 2025 (Korea Bizwire) – Next month, Switzerland is hosting UEFA Women’s EURO 2025. For the first time, the president of a host nation has addressed the fans of a major event directly, declaring their support for the sport and all the teams competing. This morning, the Swiss president Karin Keller-Sutter released an official video which [...]
London, UK, June 16, 2025 (Korea Bizwire) — Paybis, a global fiat-to-crypto gateway, is rolling out a secure and efficient OTC desk and crypto wallet to meet growing business demand for digital assets. With crypto acceptance growing close to 50% year-on-year among merchants, the OTC desk simplifies on- and off-ramping digital assets for businesses. An increasing number of enterprises [...]
SEOUL, June 16 (Korea Bizwire) — Rising K-pop girl group ILLIT showcased its artistic evolution with confidence on Monday as it unveiled its third EP, “bomb.” The release follows the group’s earlier albums, “Super Real Me” and “I’ll Like You,” and continues ILLIT’s coming-of-age narrative. This time, the group broadens its perspective, shifting from introspective [...]
SEOUL, June 16 (Korea Bizwire) — Celebrated soprano Sumi Jo on Monday expressed gratitude for the support and love from her fans throughout her career, which culminated in her receiving a prestigious French cultural award. Last month, she was honored with France’s Commandeur of the Order of Arts and Letters, the highest rank of the [...]
SEOUL, June 16 (Korea Bizwire) — LG Display Co., a global leader in display panel manufacturing, has filed a patent infringement lawsuit in the United States against Chinese firm Tianma Microelectronics Co. to protect its intellectual property, according to industry sources Monday. According to the sources, the South Korean company filed the suit Friday (U.S. [...]
SEOUL, June 16 (Korea Bizwire) – The antitrust regulator said Monday it has launched an investigation into the Korea Egg Producers Association (KEPA) over allegations that the group played a leading role in driving up egg prices. According to the Fair Trade Commission (FTC), investigators were dispatched to the association’s offices to look into suspicions [...]