SEOUL, May 28 (Korea Bizwire) — A South Korean research team has unveiled a new software tool that securely deletes personal information stored in vehicle systems, aiming to mitigate privacy risks associated with secondhand car sales. Dankook University announced Wednesday that it has developed the “ACAT Privacy” program in partnership with vehicle forensics firm CP6. [...]
SEOUL, May 28 (Korea Bizwire) — Acting Finance Minister Kim Beom-suk said Wednesday the government will mobilize all available resources to foster the bio industry as a new engine for South Korea’s economic development. Kim made the remarks during his opening speech at a policy forum held in Seoul, which brought together industry representatives and [...]
SEOUL, May 28 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Wednesday it will dispose of non-core assets and directly managed service centers as part of its efforts to sustain operations amid weak demand for its vehicles. In response to a rapidly evolving industry landscape and global business [...]
SEOUL, May 28 (Korea Bizwire) — South Korea’s energy giant SK Innovation Co. said Wednesday that its President Choo Hyeong-wook has been appointed the new chief executive officer (CEO) as part of a leadership reshuffle. Choo, 51, will succeed Park Sang-kyu, who has offered to resign from the post citing personal reasons, according to SK [...]
SEOUL, May 28 (Korea Bizwire) – Leading South Korean aerospace and defense companies presented next-generation unmanned and naval combat technologies at the 2025 International Maritime Defense Industry Exhibition (MADEX) in Busan on Wednesday. Korean Air Co. has showcased its artificial intelligence (AI) powered micro unmanned aerial vehicles (UAVs), medium-altitude UAVs and a mock-up of the [...]
MANILA, Philippines, May 27 (Korea Bizwire) — A combination of the Korean Wave and expanded local sales networks has driven sales growth at Hitejnro Philippines Inc. in recent years, the company said at a recent media event. Hitejinro Co., South Korea’s leading beverage company, established its Philippine subsidiary in July 2019 to strengthen its presence [...]
SEOUL, May 26 (Korea Bizwire) — South Korea’s top 30 conglomerates are increasingly choosing people with a business background over former prosecutors or professors as their outside directors, industry data showed Tuesday. According to data from corporate tracker Leaders Index, 239 listed units of the country’s top 30 conglomerates by assets hired 152 new outside [...]
SACHEON, South Korea, May 27 (Korea Bizwire) — Acting President Lee Ju-ho said Tuesday the government will provide unsparing support to the aerospace industry. Lee made the remark during a ceremony marking the inaugural Aerospace Day at the headquarters of the Korea AeroSpace Administration (KASA) in Sacheon, 291 kilometers southeast of Seoul. “The government will [...]
SEOUL, March 27 (Korea Bizwire) — On weekends, 55-year-old Jang Mo clocks into a small dessert café in Seoul not for a paycheck, but for family. She spends 12 hours a day pulling espresso shots, washing dishes, and scrubbing floors—all to support her daughter’s dream of running a successful bakery. But dreams, Jang has learned, [...]
SEOUL, May 27 (Korea Bizwire) — As South Korea’s aviation industry braces for structural shifts and intensifying competition, domestic airlines are increasingly pursuing exclusive international routes to differentiate themselves and tap into niche travel markets, industry data shows. As of May 2025, Korean carriers operate 76 international routes without overlap from other domestic airlines — [...]