SEOUL, Dec. 15 (Korea Bizwire) —Korean Air Co. said Monday it will adopt a zero tolerance policy toward passengers who tamper with aircraft emergency exits, warning that it will seek criminal charges against violators to strengthen aviation safety. The country’s flag carrier said it is responding to a rise in such incidents, which pose a [...]
SEOUL, Dec. 15 (Korea Bizwire) — The government said Monday that sales of state-owned assets worth 30 billion won (US$20.3 million) will require mandatory prior reporting to the relevant standing committee of the National Assembly, amid concerns that public assets are being sold at undervalued prices. Under the measures announced by the Ministry of Economy [...]
SEOUL, Dec. 15 (Korea Bizwire) — Lotte Hotel & Resorts said Monday it will acquire the land beneath The New York Palace Hotel, securing full ownership of one of its most prominent overseas assets and eliminating long-term lease risks tied to the site. The South Korean hotel group purchased the Midtown Manhattan property’s building in 2015, [...]
SEOUL, Dec. 15 (Korea Bizwire) — GM Korea said Monday it will invest $300 million to bolster its South Korean operations, a move aimed at easing concerns that the Detroit automaker could scale back production in the country amid shifting U.S. trade policies. The announcement was made at the company’s 2026 Business Strategy Conference in [...]
SEOUL, Dec. 15 (Korea Bizwire) — Samsung Electronics’ Galaxy smartphone line has once again been named South Korea’s most valuable brand, extending its reign to 15 consecutive years, according to a widely watched industry index released Sunday. Branding consultancy Brandstock said Galaxy earned a Brand Stock Top Index (BSTI) score of 948 in its 2025 ranking [...]
SEOUL, Dec. 15 (Korea Bizwire) — Early-stage entrepreneurs using artificial intelligence to solve industrial problems are beginning to see tangible results, propelled by TeX-Corps (Tech EXploration Corps) — a commercialization program modeled after the U.S. National Science Foundation’s I-Corps that pushes researchers to validate their ideas through rapid, intensive customer discovery. The program, designed to help [...]
BUSAN, Dec. 15 (Korea Bizwire) — South Korea’s Coast Guard has arrested a smuggling ring accused of importing thousands of counterfeit luxury goods from China and selling them online, prompting several global fashion houses to issue formal letters of appreciation — an unusually public response from brands that rarely acknowledge enforcement actions. The South Regional Coast [...]
SEOUL, Dec. 15 (Korea Bizwire) — Hyundai Motor’s hydrogen fuel-cell SUV, the All-New Nexo, has received the highest possible safety rating from Europe’s premier new-car testing program, the company said Sunday, marking another milestone for the automaker’s expanding lineup of alternative-energy vehicles. The Nexo earned five stars in the latest Euro NCAP evaluation, recognized for maintaining [...]
SEOUL, Dec. 15 (Korea Bizwire) — Samsung C&T’s construction division has signed a partnership with a leading Polish small modular reactor (SMR) developer as part of a broader push to expand its nuclear business across Central and Eastern Europe, the company said Sunday. The builder entered into a memorandum of understanding with Synthos Green Energy (SGE), [...]
SEOUL, Dec. 14 (Korea Bizwire) — Hyundai Motor is strengthening its position in Brazil, the largest automotive market in South America, widening its lead over Toyota as competition among Asian brands intensifies. According to data released Sunday by the Brazilian vehicle distributors’ federation Fenabrave, Hyundai sold 182,948 cars in Brazil between January and November, capturing an [...]