SEOUL, June 5 (Korea Bizwire) — In celebration of World Environment Day on June 5, Hyundai Department Store has launched a nationwide environmental campaign, “Mission Possible! Mudflat Guardians,” aimed at raising awareness of Korea’s fragile coastal ecosystems. Running through July 20, the campaign spans both online and offline channels and includes a specially designed [...]
SEOUL, June 5 (Korea Bizwire) — South Korea’s Fair Trade Commission (FTC) announced Wednesday that it will formalize and publicly disclose criteria for identifying online shopping platforms that receive frequent consumer complaints, in a bid to improve transparency and strengthen consumer protection. Under the proposed regulation — titled Rules on Disclosure of Online Retailers with [...]
SEOUL, June 4 (Korea Bizwire) — U.S. President Donald Trump signed a proclamation Tuesday raising tariffs on imported steel and aluminum from 25% to 50%, dramatically escalating trade tensions and sending shockwaves through South Korea’s embattled steel industry. The move, viewed by many as the realization of a “steel curtain” around the U.S. market, erects [...]
PRAGUE/SEOUL, June 4 (Korea Bizwire) — It was a deal nearly derailed by courtroom drama — but now, South Korea is officially back on the global nuclear stage. Following a months-long legal impasse, Korea Hydro & Nuclear Power Co. (KHNP), South Korea’s state-run nuclear energy firm, has signed a final agreement to build two nuclear [...]
SEOUL, June 4 (Korea Bizwire) – A Czech court has canceled an injunction banning the signing of a multibillion-dollar nuclear power plant contract with South Korea, lifting a major hurdle in the final agreement between the two sides, the Korean company in charge of the project said Wednesday. The Korea Hydro & Nuclear Power Co. [...]
![[UPDATE] KAI Inks US$700 Mln Deal To Export FA-50 Aircraft To Manila](http://koreabizwire.com/wp/wp-content/uploads/2025/06/an-FA-50-fighter-landing-at-an-air-base-in-the-southwestern-city-of-Gwangju.-.jpg "[UPDATE] KAI Inks US$700 Mln Deal To Export FA-50 Aircraft To Manila")
SEOUL, June 4 (Korea Bizwire) — South Korean defense firm Korea Aerospace Industries Ltd. (KAI) has signed a deal with the Philippine defense ministry to export 12 FA-50 light attack fighters by 2030, the state arms procurement agency said Wednesday. The US$700 million deal signed Tuesday marks the second round of FA-50 exports to Manila, [...]
SEOUL, June 4 (Korea Bizwire) — South Korean defense firm Korea Aerospace Industries Ltd. (KAI) has signed a deal with the Philippine defense ministry to export 12 FA-50 light attack fighters, the state arms procurement agency said Wednesday. The US$700 million deal signed on Tuesday marks the second round of FA-50 exports to Manila, following [...]
SEOUL, June 4 (Korea Bizwire) — CJ Foodville Corp., the restaurant arm of food and entertainment conglomerate CJ Group, said Wednesday its bakery franchise Tous les Jours has opened its first outlet in Malaysia as part of its overseas expansion strategy. In addition to the newly opened store in Kuala Lumpur, the company plans to [...]
SEOUL, June 4 (Korea Bizwire) — Hanwha Ocean Co., a major South Korean shipbuilder, said Wednesday it has signed a memorandum of understanding (MOU) with Norway’s ship classification society DNV to collaborate on fuel tank technology. The MOU was signed during the Nor-Shipping 2025 conference, a biennial global maritime event, that began Monday and will [...]
SEOUL, June 4 (Korea Bizwire) — South Korea’s exports of pharmaceutical products reached an all-time high in the first quarter thanks to strong demand for Korean medicines in the European market, data showed Wednesday. Outbound shipments of pharmaceuticals came to a quarterly high of US$2.56 billion in the January-March period, up 17.7 percent from a [...]