SEOUL, April 23 (Korea Bizwire) — South Korea and the United Arab Emirates (UAE) have agreed to pursue joint nuclear power projects abroad as part of broader bilateral cooperation on nuclear energy, Seoul’s foreign ministry said Wednesday. The agreement was reached during a high-level consultation on nuclear cooperation between the two countries, held Tuesday in [...]
SEOUL, April 23 (Korea Bizwire) — Hyundai Motor Co. on Wednesday launched a refreshed version of the Kona, the automaker’s flagship small sport utility vehicle (SUV), with expanded safety and convenience features. The revamped Kona also comes with a new trim level named H-Pick, which includes a range of features as standard, such as blind-spot [...]
SEOUL, April 23, (Korea Bizwire) — Nearly one-third of insurance policies in South Korea are canceled within two years, with long-term contract retention rates significantly trailing those of major global markets, according to a report released April 22, 2025, by the Financial Supervisory Service (FSS). The report, titled “2024 Insurance Sales Channel Performance and Supervision [...]
SEOUL, April 22, (Korea Bizwire) — LG Electronics is pulling out of the electric vehicle (EV) charging solutions market just three years after entering the sector, citing prolonged demand stagnation and intensified price competition. The move comes as part of a broader strategic restructuring aimed at concentrating on more resilient and scalable businesses. In a [...]
SEOUL, April 22 (Korea Bizwire) – Nongshim Co., South Korea’s leading instant noodle maker, said Tuesday it plans to globally sell key chains featuring miniature replicas of the company’s ramyeon packaging, produced in collaboration with Japan’s leading toy company Bandai Co. Since 2022, Nongshim has partnered with Bandai to sell key chains modeled after its [...]
SEOUL, April 22 (Korea Bizwire) — For the first time in 35 years, South Korean-grown rice returned to Japanese shelves — and sold out within ten days. Amid a historic spike in domestic rice prices, Japanese consumers are turning to Korean imports, not only for affordability but also for quality and taste. According to the National [...]
SEOUL, April 22 (Korea Bizwire) — South Korea successfully launched its fourth homegrown military spy satellite from a U.S. space base in Florida, the defense ministry said Tuesday, in efforts to strengthen its independent surveillance capabilities on North Korea. A SpaceX Falcon 9 rocket, carrying the spy satellite, lifted off at 8:48 p.m. Monday (U.S. [...]
SEOUL, April 22, (Korea Bizwire) — Intensifying competition from biosimilars and the looming expiration of lucrative drug patents have emerged as the foremost concerns for global pharmaceutical, biotech, and medical device companies, according to a 2025 report by Deloitte Korea. The report, titled “Five Key Challenges for the Global Pharmaceutical and Biotech Industry in 2025,” [...]
SEOUL, April 21 (Korea Bizwire) — South Korea plans to export 22 tons of rice to Japan, the largest volume in 35 years, following a surge in rice prices in the neighboring country, a trade company said Monday. The Japan office of South Korea’s NH Trading Co. imported 2 tons of Korean rice products last [...]
SEOUL, April 21 (Korea Bizwire) — Hyundai Motor Co. said Monday it has delivered five electric buses to the transportation unit of Japan’s Iwasaki Group, marking its first commercial electric bus delivery in the neighboring country. The South Korean automaker held a delivery ceremony for the Elec City Town buses with Iwasaki Group in Yakushima, [...]