SEOUL, June 11 (Korea Bizwire) — Hyundai Steel Co., South Korea’s second-largest steel manufacturer, has temporarily shut down its No. 2 plant in the southeastern city of Pohang due to a prolonged industry-wide slump, the company said Wednesday. The suspension took effect Saturday due to a lack of production volume amid severe industry-wide demand contraction. [...]
SEOUL, June 11 (Korea Bizwire) — Samyang Foods Inc., known for its globally popular Buldak spicy ramyeon, said Wednesday it has completed a plant expansion to meet rising global demand for its signature product. The company said it has constructed a second production facility adjacent to its existing plant in Milyang, some 280 kilometers southeast [...]
SEOUL, June 11 (Korea Bizwire) — For American artist James Turrell, widely known as the master of light, light isn’t just something that allows people to see other things. It’s something to be treasured in its own right. At a press briefing for his upcoming solo exhibition, “The Return,” at Pace Gallery in Seoul on [...]
SEOUL, June 11 (Korea Bizwire) – Pilots made an emergency escape following an accident involving a South Korean KF-16 fighter jet taking part in the U.S.-led multinational Red Flag air exercise in Alaska, the South’s Air Force said Wednesday. The two pilots ejected themselves from the double-seat fighter after an emergency situation occurred at around [...]
SEOUL, June 11 (Korea Bizwire) – Household loans extended by South Korean banks rose sharply in May, central bank data showed Wednesday, driven by an increase in housing transactions. Banks’ outstanding household loans stood at 1,155.3 trillion won (US$845.07 billion) as of end-May, up 5.2 trillion won from a month earlier, according to the data [...]
SEOUL, June 10 (Korea Bizwire) — The Korea Trade-Investment Promotion Agency (KOTRA) said Tuesday it has launched an internal task force aimed at overhauling the country’s export strategy structure to help the country achieve US$1 trillion in annual exports. The trade structure innovation task force was formed to strategically respond to the rapidly changing global [...]
SEOUL, June 10 (Korea Bizwire) — President Lee Jae-myung has appointed vice ministers of finance, foreign affairs and industry as well as the country’s top trade negotiator, the presidential office said Tuesday. Lee Hyoung-il, commissioner of Statistics Korea, has been named first vice finance minister, while Lim Ki-keun, administrator of the Public Procurement Service, was [...]
Once the world’s most densely populated place, Kowloon Walled City is back in the spotlight with a new exhibition bringing fresh attention to this vibrant corner of Hong Kong HONG KONG, June 10, 2025 (Korea Bizwire) — Known for its maze-like architecture and lawless atmosphere, Kowloon Walled City has long captured the imagination of filmmakers, [...]
SEOUL, June 10 (Korea Bizwire) — Five days after clinching a berth in the 2026 FIFA World Cup, South Korean players were feted by their home fans Tuesday at the country’s most famous football stadium. South Korea closed out their qualification campaign Tuesday night with a 4-0 win over Kuwait at Seoul World Cup Stadium. [...]
SEOUL, June 10 (Korea Bizwire) — COVID-19 infections in South Korea are forecast to steadily rise later this month ahead of the summer vacation season, health authorities said Tuesday, urging older adults and vulnerable groups to receive vaccinations. South Korea had seen a steady increase in COVID-19 cases in summer, and this year is expected [...]