SEOUL, Dec. 22 (Korea Bizwire) — HD Hyundai Heavy Industries is moving closer to its first overseas submarine export, signing a joint development agreement with Peru as Seoul seeks to expand the global reach of its defense manufacturing sector. The company said on December 21 that it had concluded a contract with the Peruvian Navy and [...]
SEOUL, Dec. 22 (Korea Bizwire) — The antitrust regulator said Monday it has instructed the country’s flag carrier Korean Air Co. to revise its mileage integration plan as part of its merger with Asiana Airlines Inc. Korean Air has been notified to submit a more detailed plan within one month, including measures for the use [...]
SEOUL, Dec. 22 (Korea Bizwire) — Hyundai Motor Group said Monday it will unveil its artificial intelligence (AI) robotics strategy at Consumer Electronics Show (CES) 2026 and debut its next-generation humanoid robot, Atlas, developed by its U.S. subsidiary Boston Dynamics. The group will hold a keynote presentation on Jan. 5 (local time) at the Mandalay [...]
SEOUL, Dec. 22 (Korea Bizwire) — Samsung Biologics Co., the contract drug manufacturing arm of South Korea’s Samsung Group, said Monday that its U.S. subsidiary will acquire a biopharmaceutical manufacturing facility from GSK for 413.6 billion won ($280 million), marking its first manufacturing footprint in the United States. Samsung Biologics America has agreed to purchase a [...]
SEOUL, Dec. 22 (Korea Bizwire) — Celltrion Inc., a major South Korean biopharmaceutical company, said Monday it has launched its biosimilar drug Stoboclo-Osenvelt in major European markets, following the product’s initial rollout in the United States in July. Stoboclo-Osenvelt received sales approval from the European Commission (EC) in February, becoming a biosimilar referencing U.S. biotech [...]
SEOUL, Dec. 22 (Korea Bizwire) — South Korea has launched a public-private working group to push for the development of proprietary liquefied natural gas (LNG) cargo tanks to lessen dependence on foreign technologies, the industry ministry said Monday. The working group comprises industry, finance and oceans ministries, as well as major Korean companies, including Korea [...]
SEOUL, Dec. 22 (Korea Bizwire) — South Korea has completed development of the core technologies for a next-generation high-speed train designed to operate at up to 370 kilometers per hour, positioning the country among a small group of nations competing at the frontier of rail-speed technology, the transport ministry said Monday. The train, known as [...]
SEOUL, Dec. 22 (Korea Bizwire) — South Korea’s used-car exports surged sharply this year, helping offset a slowdown in new vehicle shipments and preventing an overall decline in the country’s automotive exports, according to government and industry data released Sunday. From January through November, used-car exports reached $8.4 billion, up 82.6 percent from a year earlier, [...]
SEOUL, Dec. 22 (Korea Bizwire) — Recurring mislabeling of down insulation in winter jackets has once again stirred controversy in South Korea, prompting consumer groups to demand stronger oversight and tougher penalties for deceptive practices in the fashion industry. The latest dispute centers on outdoor apparel giant The North Face, operated by Youngone Outdoor, which disclosed [...]
SEOUL, Dec. 22 (Korea Bizwire) — A large majority of South Koreans believe food delivery platforms should be the first targets of government regulation, reflecting growing public frustration over rising delivery fees and platform commissions, according to a new nationwide survey. More than 87 percent of respondents said they agree that delivery apps require stronger oversight, [...]