SEOUL, May 16 (Korea Bizwire) – The chief executive officers (CEOs) of HD Hyundai and Hanwha Ocean Co., South Korea’s major shipbuilders, met with U.S. Trade Representative (USTR) Jamieson Greer to explore cooperation in the shipbuilding sector, the companies said Friday. HD Hyundai CEO Chung Ki-sun and Hanwha Ocean CEO Kim Hee-cheul had separate meetings [...]
SEOUL, May 16 (Korea Bizwire) — Shares of Samyang Foods Inc., known for its globally popular Buldak spicy “ramyeon,” jumped nearly 20 percent after the company reported strong first-quarter earnings. On Friday, Samyang Foods jumped 19.07 percent to 1.18 million won (US$846), far outperforming the broader Korea Composite Stock Price Index (KOSPI), which ended up [...]
SEOUL, May 16 (Korea Bizwire) — The chief executive officer (CEO) of HD Hyundai Co., South Korea’s leading shipbuilding conglomerate, met with U.S. Trade Representative (USTR) Jamieson Greer to explore cooperation in the shipbuilding sector, the company said Friday. HD Hyundai CEO Chung Ki-sun and Greer held the meeting on the sidelines of the Asia-Pacific [...]
SEOUL, May 15 (Korea Bizwire) – The government held a consultative meeting with private sector stakeholders Thursday to promote the use of artificial intelligence (AI) in drug development in response to the intensifying global competition in the bio-health sector. The meeting brought together officials from the Ministry of Economy and Finance and other relevant government [...]
SEOUL, May 15 (Korea Bizwire) — Celltrion Inc., a leading South Korean biopharmaceutical company, said Thursday its business will remain largely unaffected by U.S. President Donald Trump’s executive order aimed at lowering drug prices to match those in other countries. The order seeks to address a drug pricing system in which the United States pays [...]
SEOUL, May 15 (Korea Bizwire) — South Korean stocks snapped a three-session winning streak Thursday as investors locked in profits amid eased tariff woes. The local currency rose sharply against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) fell 19.21 points, or 0.73 percent, to close at 2,621.36. The index had risen [...]
SEOUL, May 15 (Korea Bizwire) — Hyundai Motor Co. said Thursday it has broken ground on a production plant in Saudi Arabia, the company’s first manufacturing base in the Middle East, marking a key milestone for the company’s global expansion. A groundbreaking ceremony for Hyundai Motor Manufacturing Middle East (HMMME) was held Wednesday (local time) [...]
SEOUL, May 15 (Korea Bizwire) — The country’s financial watchdog said Thursday that it will prod financial firms to manage their incentive systems in a proper and reasonable manner. The Financial Supervisory Service (FSS) said incentive systems can carry risks if not properly managed, which also can hurt financial institutions’ soundness as well as the [...]
SEOUL, May 15 (Korea Bizwire) — U.S. Trade Representative (USTR) Jamieson Greer was scheduled to meet with the chief executive officers (CEOs) of HD Hyundai Heavy Industries Co. and Hanwha Ocean Co., South Korea’s leading shipbuilders, on the sidelines of an Asia-Pacific Economic Cooperation (APEC) trade ministers’ meeting this week, industry sources said Thursday. Greer [...]
JEJU, May 14 (Korea Bizwire) — As food delivery fees and dining costs continue to climb, consumers in South Korea’s Jeju Province are turning in growing numbers to Meokkaebi, a government-backed public delivery app offering lower prices and incentives. According to provincial officials on Wednesday, monthly orders on Meokkaebi surged to 62,546 in April 2025, up 431% [...]