SEOUL, Nov. 10 (Korea Bizwire) – As South Korea prepares for its annual College Scholastic Ability Test (CSAT), market analysts are noting a peculiar pattern: the stock market tends to perform poorly on the day of the crucial national exam. The phenomenon, which has caught the attention of South Korea’s financial sector, is largely attributed to [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korea plans to cut 1.6 million tons of greenhouse gas emissions each year from 2030 by utilizing cattle feces as a new source of energy, the government said Friday. Under the project, Korea Southern Power Co. will build related facilities and generate power, daily using 4,000 tons of [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korea and the United States have agreed to hold a new table-top exercise against space-based threats next year, Seoul’s defense ministry said Friday, amid efforts to bolster security cooperation in the increasingly important domain. Defense officials from the two countries agreed to stage the discussion-based exercise for the [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korean markets experienced sharp divergence on November 7 as Donald Trump’s election victory triggered significant movements across different sectors, with shipbuilding companies surging while clean energy stocks tumbled. The former U.S. president’s conversation with South Korean President Yoon Suk Yeol, during which he expressed interest in bilateral shipbuilding cooperation, [...]
SEOUL, Nov. 8 (Korea Bizwire) – Kia announced on November 7 that it will launch a heritage exhibition titled “From Moments to Movement,” celebrating the company’s 80-year history. The exhibition will be held at Kia360, the company’s brand experience space in Gangnam District, Seoul, until November next year. The showcase, which is Kia’s second heritage exhibition [...]
SEOUL, Nov. 8 (Korea Bizwire) – According to a new study released on November 7 by the Korea CXO Research Institute, employees at Korea’s top 100 companies face steep odds in reaching executive positions, with chances falling below 1%. The study, which examined promotion possibilities at the country’s 100 largest listed companies by revenue, revealed that [...]
SEOUL, Nov. 8 (Korea Bizwire) – In a significant move that cements his position among South Korea’s most successful entrepreneurs, Bom Kim, the founder and executive chairman of Coupang, has announced plans for a major stock sale, fourteen years after founding the company and three years after its landmark NYSE debut. Kim, who moved to the [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korea kicked off its largest-ever annual shopping event Friday amid efforts to boost private spending and promote tourism. The Korea Sale Festa, South Korea’s equivalent of Black Friday, will be held both online and in stores nationwide through Nov. 30, with around 2,600 companies participating, according to the [...]
SEOUL, Nov. 8 (Korea Bizwire) — Hyundai Motor Group’s independent luxury brand Genesis said Friday it has partnered with Tate Modern, a leading British modern art museum, as part of a company initiative to collaborate with leading global cultural institutions. Genesis and Tate Modern will join hands to support “Genesis Exhibition: Do Ho Suh: Walk [...]
SEOUL, Nov. 8 (Korea Bizwire) — South Korea’s leading battery maker LG Energy Solution (LGES) said Friday it has clinched a deal to supply electric vehicle batteries to U.S. automotive manufacturer Rivian. Under the deal, LGES will provide Rivian with its advanced 4695 cylindrical batteries, totaling 67 gigawatt hours, for over five years, according to [...]