SEOUL, April 7 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts maker, said Monday it has opened an integrated research and development (R&D) center in India as a global strategic hub dedicated to automotive software. Hyundai Mobis has combined two existing R&D centers in India into one large-scale R&D base to participate [...]
SEOUL, April 7 (Korea Bizwire) — Hyundai Motor and Kia have exceeded 500,000 cumulative electric vehicle (EV) sales in South Korea, marking a significant milestone in the automakers’ transition toward electrification. The figure comes nearly 14 years after Hyundai introduced its first mass-produced EV, the BlueOn, in July 2011. According to data released Sunday, total domestic [...]
SEOUL, April 6 (Korea Bizwire) — National certification exams in forest and plant protection are seeing a steady rise in popularity, fueled largely by a surge in applicants in their 50s and 60s preparing for post-retirement careers. According to data released by the Human Resources Development Service of Korea (HRDK), older adults are not only driving [...]
GOYANG, South Korea, April 6 (Korea Bizwire) — South Korea’s largest mobility industry exhibition, the 2025 Seoul Mobility Show, is off to a record-breaking start, drawing more than 200,000 visitors in its first three days. Organizers expect the event to surpass 600,000 attendees by its conclusion on April 13, eclipsing the 510,000 visitors recorded at the [...]
SEOUL, April 6 (Korea Bizwire) — Short selling activity in South Korean amounted to 6.4 trillion won (US$4.38 billion) in the first week after a more than a yearlong ban was lifted, the bourse operator said Sunday. Last Monday, short selling was allowed for all listed firms following a suspension imposed in November 2023 after [...]
SEOUL, April 6 (Korea Bizwire) — South Korea ranked 29th out of 37 major economies in terms of economic growth during the fourth quarter of 2024, as weak domestic demand and heightened political uncertainty weighed on the nation’s performance, a central bank report showed Sunday. Asia’s fourth-largest economy posted real gross domestic product (GDP) growth [...]
SEOUL, April 5 (Korea Bizwire) — Hyundai Motor Co. will freeze prices of all new vehicles sold in the United States through early June, a move aimed at easing consumer concerns over rising costs following Washington’s imposing of25 percent duties on all imported vehicles, the automaker’s American subsidiary said. Hyundai Motor America (HMA) said in [...]
SEOUL, April 5 (Korea Bizwire) — In the aftermath of the Constitutional Court’s historic ruling to remove President Yoon Suk Yeol from office, small business owners across South Korea expressed cautious optimism that the political turmoil that gripped the country for the past four months might finally ease—though few expect an immediate turnaround in the [...]
SEOUL, April 4 (Korea Bizwire) — With patents on a wave of blockbuster drugs set to expire over the next five years, South Korea’s biopharmaceutical industry faces a critical window to capture a share of the rapidly expanding global contract development and manufacturing organization (CDMO) market, projected to be worth tens of trillions of won. [...]
SEOUL, April 4 (Korea Bizwire) — In a scientific breakthrough that could shape the next generation of vaccines and gene therapies, South Korean researchers have, for the first time, uncovered the precise mechanisms by which messenger RNA (mRNA) vaccines operate inside human cells. The discovery, published this week in the journal Science, comes from a team [...]