SEOUL, April 30 (Korea Bizwire) — Donald Trump Jr., the eldest son of U.S. President Donald Trump, met with Hanwha Group Vice Chairman Kim Dong-kwan and his two younger brothers to discuss potential partnerships in the shipbuilding, defense and energy sectors, local media reported Wednesday. Trump Jr. arrived in Seoul late Tuesday ahead of scheduled [...]
PUERTO AYORA, Ecuador, April 29 (Korea Bizwire) — In one of the world’s most ecologically sensitive regions, South Korean tech giant Samsung Electronics is drawing attention for its environmentally conscious e-waste recycling initiative in Ecuador’s Galápagos Islands. Samsung’s Latin America division announced Monday that it has been operating a mobile electronics waste collection program on [...]
JAKARTA, April 29 (Korea Bizwire) — A major electric vehicle (EV) battery value chain project in Indonesia has been thrown into uncertainty after a consortium led by LG Energy Solution withdrew its investment plans, the Jakarta Post reported on Tuesday, delivering a setback to the Southeast Asian nation’s aspirations of becoming a global EV hub. [...]
SEOUL, April 29 (Korea Bizwire) — South Korea will set up a long-term strategy this year to commercialize autonomous marine vehicle technology as part of efforts to innovate the shipping industry, the oceans minister said Tuesday. “Autonomous ships utilizing cutting-edge digital technologies, such as artificial intelligence (AI), will play a significant role in improving maritime [...]
SEOUL, April 29 (Korea Bizwire) — LG Electronics Inc. said Tuesday it has showcased a next-generation in-vehicle infotainment system in collaboration with Taiwan’s semiconductor company MediaTek Inc. The system, unveiled at the ongoing Auto Shanghai 2025, allows customers to enjoy different content on multiple displays in a vehicle using only one chip and operating system [...]
SEOUL, April 29 (Korea Bizwire) — South Korea’s financial regulator said Tuesday it plans to ease capital adequacy requirements for insurance companies to help lessen their burdens and raise the quality of their capital base. The Financial Services Commission said it will complete procedures needed to revise related laws on insurers’ capital adequacy ratio by [...]
SEOUL, April 29 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Tuesday it has partnered with French metal scrap recycler Derichebourg (DBG) to establish a battery recycling joint venture (JV) in France. Under the 50:50 JV, the two companies will build a battery recycling plant in Val-d’Oise, just north [...]
SEOUL, April 29 (Korea Bizwire) — Kia Corp. said Tuesday it has launched a new global recruitment website aimed at strengthening its hiring capabilities and better showcasing the company’s workplace culture for employees. The newly opened Kia Talent Lounge website (https://career.kia.com) offers various work-related content, including insights into the South Korean automaker’s organizational values, employee [...]
SEOUL, April 29 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has introduced a revamped version of its Xcient heavy-duty hydrogen fuel cell truck at a clean transport exhibition in the United States. The upgraded Xcient, which includes a newly designed hydrogen fuel cell system, was showcased at the Advanced Clean Transportation Expo 2025 [...]
SEOUL, April 29 (Korea Bizwire) — Only about half of businesses in 100 key service sectors closely tied to people’s daily lives — such as hair salons and grocery stores — survive after their first three years, government data showed Tuesday. According to data compiled by the National Tax Service (NTS), the three-year survival rate [...]