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Archive by category Business

Retailers Turn to Character IP as Competition for Differentiation Intensifies

SEOUL, Nov. 17 (Korea Bizwire) — South Korean retailers are increasingly turning to character-based intellectual property to differentiate products and drive sales, with convenience stores and department stores intensifying competition through collaborations with popular global and domestic characters. According to industry data released Friday, convenience stores saw sharp sales gains during this year’s Pepero Day shopping [...]

As Big Pharma Shops for Innovation, Korean Platforms Lead the Deals

SEOUL, Nov. 17 (Korea Bizwire) — South Korean biotechnology firms are securing multibillion-dollar licensing deals at a rapid pace, underscoring the rising global competitiveness of the country’s drug-development platforms. According to industry data released Sunday, ABL Bio recently signed a technology-transfer agreement with Eli Lilly for its “GrabBody” bispecific antibody platform, a deal worth up to [...]

Natural Gas ETNs Surge, but Retail Investors Pile Into Losing Inverse Trades

SEOUL, Nov. 17 (Korea Bizwire) — Natural gas prices have surged to their highest level in nearly three years, lifting related exchange-traded notes (ETNs) while exposing South Korean retail investors to mounting losses after many bet on the market moving in the opposite direction. Between Nov. 1 and 14, nine of the ten best-performing ETNs in [...]

Samsung Announces 450 Trillion-Won Investment Plan Following U.S. Trade Deal

SEOUL, Nov. 17 (Korea Bizwire) – South Korean tech giant Samsung Group unveiled Sunday a 450 trillion-won (US$309.1 billion) investment plan for the next five years, as part of broader efforts to ramp up domestic investment after Seoul concluded its trade deal with the United States. Samsung Electronics Co., the crown jewel of the country’s [...]

Hyundai Glovis Completes Major Shipment of Korean Tanks and Howitzers to Poland

SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Glovis Co., the shipping logistics unit of Hyundai Motor Group, said Monday it has completed the transport of K2 tanks and K9 self-propelled howitzers to Poland last week, demonstrating its growing defense logistics capabilities. The company said it successfully delivered 20 K2 tanks produced by Hyundai Rotem Co., [...]

Korea’s EV Market Regains Momentum, Crossing Key 200,000 Threshold

SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s electric vehicle market has hit a symbolic milestone, surpassing 200,000 new registrations in a single year for the first time — a development officials say signals the end of a three-year slump. The Climate, Energy and Environment Ministry said Sunday that 200,650 new EVs were registered as of [...]

LG Display to Supply 40-Inch Screens for Mercedes-Benz’s Next-Generation EVs

SEOUL, Nov. 17 (Korea Bizwire) — LG Display is set to supply ultra-large vehicle displays for Mercedes-Benz’s upcoming electric vehicle lineup, solidifying what both companies describe as a deepening “innovation partnership” in the fast-growing automotive electronics sector. According to industry officials on Sunday, LG Display will provide a 40-inch display for the 2026 Mercedes-Benz GLC EV, [...]

Mini Car Market Shrinks Again as Consumers Pivot Toward Small SUVs

SEOUL, Nov. 16 (Korea Bizwire) – Sales of mini cars by South Korea’s five automakers are expected to remain below 100,000 units for a second consecutive year in 2025, industry data showed Sunday, amid a lack of new models and shifting consumer preferences. From January to October, the five carmakers — Hyundai Motor Co., Kia [...]

Waste-to-Energy Output Rises, Supplying Annual Power Needs of 110,000 Koreans

SEOUL, Nov. 16 (Korea Bizwire) – South Korea recovered enough energy from waste incineration this year to power the annual needs of roughly 110,000 people, according to new government data released Sunday. The National Institute of Environmental Research said it will publish a revised technical guide on Monday detailing updated methods for measuring the efficiency [...]

Housing Gap Widens Sharply as Top-Tier Home Prices Jump and Younger Owners Decline

SEJONG, Nov. 14 (Korea Bizwire) — South Korea’s housing wealth gap continued to widen last year as expensive homes climbed further in value while lower-priced properties lost ground, according to new government data released Friday. The National Data Office said the price difference between the top 10 percent and bottom 10 percent of homes ballooned to [...]