SEOUL, May 21(Korea Bizwire) — HD Hyundai Construction Equipment, a core subsidiary of HD Hyundai, has completed the transformation of its Ulsan plant into a next-generation smart factory designed to serve as a global production hub, the company announced Tuesday. At a ceremony held May 20 at its Ulsan campus, HD Hyundai Chairman Kwon Oh-gap, [...]
SEOUL, May 21 (Korea Bizwire) — South Korea’s Dongwon Industries announced Tuesday that it has developed and deployed the world’s first drone specifically engineered for fish-finding operations, marking a technological breakthrough in sustainable offshore fishing. Unlike previous methods that relied on helicopters or general-purpose drones, the new model—referred to as the “fish-finding drone”—was designed from the [...]
SEOUL, May 20 (Korea Bizwire) — South Korea and the European Union (EU) agreed Tuesday on the need to boost cooperation in responding to growing cyberthreats worldwide, including North Korea’s cryptocurrency theft, to ensure a safe and open cyberspace order, Seoul’s foreign ministry said. The two sides shared the understanding during their bilateral policy dialogue [...]
SEOUL, May 20 (Korea Bizwire) — Internet-only K-Bank is again seeking to go public after previously delaying or nixing its initial public offering (IPO) plans on three occasions, industry sources said Tuesday. In October, the company said it would postpone its IPO till early this year, citing low demand from investors. In January, the bank [...]
SEOUL, May 20 (Korea Bizwire) — South Korea’s automobile exports to the United States fell sharply in April 2025, as new U.S. tariffs and a temporary slowdown in electric vehicle demand took a toll on the country’s largest export market for cars. According to data released Tuesday by the Ministry of Trade, Industry and Energy, [...]
SEOUL, May 20 (Korea Bizwire) — The first production model of South Korea’s homegrown KF-21 fighter jet entered final assembly Tuesday, the state arms procurement agency said, in a major milestone for the advanced aircraft acquisition project. A ceremony marking the final production phase took place at Korea Aerospace Industries Ltd.’s headquarters in Sacheon, about [...]
SEOUL, May 20 (Korea Bizwire) — The value of South Korea’s virtual asset market nearly doubled in the second half of last year from six months earlier, on rising prices of cryptocurrencies, data showed Tuesday. The market capitalization of the virtual asset market had come to 107.7 trillion won (US$77.6 billion) as of end-2024, up [...]
SEOUL, May 20 (Korea Bizwire) — As South Korea prepares to mandate zero-energy building (ZEB) standards for private apartment complexes by the end of June, major construction firms are racing to upgrade their building technologies to meet new government regulations aimed at reducing greenhouse gas emissions. The new rules, which will apply to all private buildings [...]
SEOUL, May 19 (Korea Bizwire) — South Korea’s leading food delivery app Baemin is teaming up with local streaming platform Tving to offer a bundled subscription service, in a move seen as a strategic response to growing competition from Coupang Eats, which operates its own streaming platform, Coupang Play. Woowa Brothers, the operator of Baemin, [...]
TIEN GIANG, Vietnam, May 19 — SK Innovation E&S is rapidly expanding its footprint in the global renewable energy sector, with its Tan Phu Dong (TPD) offshore wind farm in southern Vietnam now fully operational and serving as a strategic base for the company’s green energy ambitions. Located near the Mekong Delta, the 150-megawatt facility is [...]