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DGIST President Vows to Grow DGIST as World-leading Research Univ.

DGIST President Vows to Grow DGIST as World-leading Research Univ.

DAEGU, Mar. 19 (Korea Bizwire) — South Korea stands as an outstanding force in the global chipmaking arena, led by industry giants like Samsung Electronics Co. and SK hynix Inc., leaders in memory chip manufacturing. South Korea’s semiconductor exports amounted to US$99.7 billion last year, accounting for some 16 percent of the country’s overall overseas [...]

Wives of L.A. Dodgers Players Flock to K-Beauty Mecca During Seoul Visit

Wives of L.A. Dodgers Players Flock to K-Beauty Mecca During Seoul Visit

SEOUL, Mar. 19 (Korea Bizwire) – As the Los Angeles Dodgers kicked off their MLB World Tour in the South Korean capital, the wives of the team’s players embarked on a pilgrimage of their own — to the hallowed grounds of K-beauty retail mecca Olive Young. On Thursday afternoon, a group of around 10 wives, including [...]

Coupang Eliminates Delivery Fees for Food Orders as Perk for Subscription Members

Coupang Eliminates Delivery Fees for Food Orders as Perk for Subscription Members

SEOUL, Mar. 19 (Korea Bizwire) – Starting March 26, members of Coupang’s premium subscription service, Wow, will be able to order food through the company’s delivery platform, Coupang Eats, without paying any delivery fees, the company announced.  In a bid to alleviate the burden of delivery costs for consumers, Coupang Eats will introduce an “unlimited free [...]

Samsung and LG Trade Barbs Over Market Share and Product Features

Samsung and LG Trade Barbs Over Market Share and Product Features

SEOUL, Mar. 18 (Korea Bizwire) – With Samsung Electronics and LG Electronics unveiling their new flagship TV lineups and premium all-in-one washer-dryer combos for 2024, the fierce rivals have engaged in an increasingly acrimonious marketing battle, taking thinly veiled shots at each other’s claims of superiority.  The dispute began when Han Jong-hee, the CEO of Samsung’s [...]

Korean Retailers Tap Young Talent to Revamp Corporate Culture

Korean Retailers Tap Young Talent to Revamp Corporate Culture

SEOUL, Mar. 18 (Korea Bizwire) – On a recent morning at Hyundai Department Store’s headquarters, a junior employee took the stage to provide a most unconventional corporate training: instructing the company’s highest executives on how to market to young consumers.  The speaker, a manager from the cultural content team, regaled the audience of C-suite leaders and [...]

HD Korea Shipbuilding Wins 489.6 Bln-won Order for 3 Ammonia Carriers

HD Korea Shipbuilding Wins 489.6 Bln-won Order for 3 Ammonia Carriers

SEOUL, Mar. 18 (Korea Bizwire) — Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Monday it has bagged a 489.6 billion-won (US$372 million) order to build three very large ammonia carriers for an Oceanian shipper. HD Hyundai Heavy Industries Co., one of HD Korea Shipbuilding’s three shipbuilding units, will construct the [...]

Ulsan Port Authority Inaugurates New Liquid Cargo Terminal, Eyeing Future as World’s First Hydrogen Hub

Ulsan Port Authority Inaugurates New Liquid Cargo Terminal, Eyeing Future as World’s First Hydrogen Hub

ULSAN, Mar. 15 (Korea Bizwire) – The Ulsan Port Authority celebrated the completion of the ‘North New Port Liquid Terminal’ in Hwangseong-dong, Nam-gu, at the North Port of Ulsan on March 15. The new facility, boasting a 300-meter quay wall, a 440-meter sheltered harbor, and a 12,600 square meter port hinterland, represents a significant enhancement [...]

Alibaba Group Plans to Establish Integrated Logistics Center in South Korea by Year-End

Alibaba Group Plans to Establish Integrated Logistics Center in South Korea by Year-End

SEOUL, Mar. 15 (Korea Bizwire) – The Alibaba Group, parent company of the online shopping platform AliExpress, has announced its intention to set up an integrated logistics center in South Korea by the end of this year, sparking interest in the location and structure of the new facility. Logistics experts suggest that, given the lengthy process [...]

Arms Agency Signs 330 Bln-won Deal with LIG Nex1 to Develop Long-range Ship-to-air Missile

Arms Agency Signs 330 Bln-won Deal with LIG Nex1 to Develop Long-range Ship-to-air Missile

SEOUL, Mar. 15 (Korea Bizwire) — The state arms procurement agency said Friday it has signed a 330.6 billion-won (US$250 million) contract with local defense company LIG Nex1 Co. for the development of a long-range ship-to-air missile by 2030. The two sides signed the deal Thursday for the air defense weapon to be equipped on [...]

Container Shipping Costs of EU-S. Korea Route up 40 Pct amid Red Sea Crisis

Container Shipping Costs of EU-S. Korea Route up 40 Pct amid Red Sea Crisis

SEOUL, Mar. 15 (Korea Bizwire) — Container shipping costs from Europe to South Korea soared nearly 40 percent in February amid continued tensions surrounding the Red Sea, data showed Friday. The average shipping cost for a 40-foot container for the route jumped 38.7 percent on-month to 1.24 million won (US$934.16) last month, according to the [...]