SEOUL, May 13 (Korea Bizwire) — KG Mobility Corp. said Tuesday it has partnered with Indonesia’s state-run defense company PT Pindad to collaborate on a national car and electric bus project for the Southeast Asian country. The South Korean automaker said it signed a heads of agreement (HOA) with PT Pindad at the latter’s headquarters [...]
SEOUL, May 12 (Korea Bizwire) — Starbucks Korea has restricted customers from using the names of major presidential candidates as nicknames at its stores nationwide, citing the need to prevent political controversy and maintain neutrality during the sensitive election period. As of May 12, 2025, names such as Lee Jae-myung (Democratic Party), Kim Moon-soo (People [...]
SEOUL, May 12 (Korea Bizwire) — Pulmuone Co., a South Korean food company, unveiled a new management vision Monday aimed at transforming itself into a global sustainable food manufacturer. Pulmuone Chief Executive Officer (CEO) Lee Woo-bong announced the initiative during a ceremony marking the company’s 41st anniversary at its headquarters in Seoul, focusing on the [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s exports dropped 23.8 percent from a year earlier in the first 10 days of this month mainly due to a reduced number of working days, data showed Monday. Outbound shipments reached US$12.83 billion in the May 1-10 period, compared with $16.84 billion tallied a year earlier, according [...]
SEOUL, May 12 (Korea Bizwire) — Swedish furniture giant IKEA held a briefing session in Seoul on Monday to expand its network of eco-friendly and recycled product suppliers from South Korea, according to the country’s state-run trade promotion agency. IKEA’s Northeast Asia purchasing office hosted the 2025 IKEA Day event at the headquarters of the [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s economy is showing signs of a slowdown, as reflected in a range of economic indicators across various sectors, primarily due to deteriorating export conditions amid growing concerns over a global trade war, a state-run think tank said Monday. “The South Korean economy is facing a slowdown, as [...]
SEOUL, May 12 (Korea Bizwire) — For the first time in nearly two decades, nuclear power has surpassed coal to become South Korea’s largest source of electricity, signaling a broader shift in the country’s energy landscape toward cleaner and more sustainable sources. According to the Ministry of Trade, Industry and Energy’s newly released 2024 Energy Supply [...]
DAEJEON, May 12 (Korea Bizwire) — South Korean startup PMI BioTech, a spinoff from the Korea Research Institute of Chemical Technology (KRICT), has signed a five-year export contract worth approximately 12 billion won (roughly $9 million USD) with a major U.S.-based global distributor for its high-purity calcium product derived from oyster shells, the institute announced on [...]
SEOUL, May 11 (Korea Bizwire) — Starbucks Korea announced Sunday that it will extend operating hours at a majority of its stores to 10 p.m. by mid-May, restoring pre-pandemic hours as late-evening foot traffic and demand for decaffeinated beverages rise. The move marks a shift from the reduced schedules implemented during the COVID-19 pandemic. Currently, [...]
SEOUL, May 10 (Korea Bizwire) — South Korea has launched a joint public-private task force to spearhead the development of next-generation liquid hydrogen carriers, a strategic initiative to maintain the country’s global edge in shipbuilding and pioneer a future green energy market. The Ministry of Trade, Industry and Energy (MOTIE) announced Friday that it held an [...]