SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. showcased the latest advances in smart factory technology at their annual “E-Forest Tech Day 2025,” held this week at production facilities in Hwaseong and Ulsan, the companies said Thursday. Now in its sixth year, the event featured 177 innovations across four themes: automation, manufacturing [...]
SEOUL, Nov. 6 (Korea Bizwire) — A South Korean court on Thursday handed a suspended prison sentence to the former head of Volkswagen’s Korean unit, nearly nine years after he was indicted for his role in the automaker’s emissions-rigging scandal. The Seoul Central District Court sentenced Johannes Thammer, former managing director of Audi Volkswagen Korea [...]
SEJONG, Nov. 6 (Korea Bizwire) — South Korea’s agriculture minister said Wednesday that restaurant companies should be required to inform customers when they reduce product sizes, as public anger grows over so-called “shrinkflation” — the practice of cutting portions while keeping prices the same. “It is a matter of consumers’ right to know,” Agriculture Minister Song [...]
SEOUL, Nov. 6 (Korea Bizwire) — Nearly half of running jackets tested in South Korea lost their water-repellent performance after several washes, a government consumer watchdog said Wednesday. The Korea Consumer Agency tested eight popular running jacket brands and found that four of them showed weakened water repellency after five washes. The test rated water repellency [...]
SEOUL, Nov. 5 (Korea Bizwire) — Coupang reported record-high sales for the third quarter of 2025, buoyed by increased customer spending on its Rocket Delivery service and rapid growth in new ventures such as its Taiwan operations and Coupang Eats. Yet analysts warn that the company’s profitability remains stagnant, with operating margins stuck in the [...]
DAEJEON, Nov. 5 (Korea Bizwire) — South Korean scientists have developed a new organic solid electrolyte film that could accelerate the commercialization of lithium metal batteries, offering a major advance in safety and energy efficiency, researchers said Tuesday. A research team led by Professor Byun Hye-ryung at the Korea Advanced Institute of Science and Technology (KAIST), [...]
SEOUL, Nov. 4 (Korea Bizwire) — Seoul’s experiment with “no-scooter zones” has drawn strong public support, with a majority of residents reporting safer and more comfortable pedestrian environments, city officials said Monday. The pilot program, the first of its kind in South Korea, was launched in May along two busy stretches: the 1.3-kilometer Red Road [...]
SEOUL, Nov. 4 (Korea Bizwire) — Alcohol advertisements in South Korea’s media have nearly tripled over the past decade, with most of the surge coming from cable and general programming television channels, a government report showed Sunday. According to data from the Ministry of Health and Welfare and the Korea Health Promotion Institute, the number of [...]
SEOUL, Nov. 4 (Korea Bizwire) – The government will provide additional support to the steel industry for its much-needed transition to high-value and eco-friendly products, the industry ministry said Tuesday, the latest effort to save the ailing sector facing global oversupply and escalating trade protectionism. The road map aimed at boosting the competitiveness of the [...]
SEJONG, Nov. 3 (Korea Bizwire) – Online shopping sales in South Korea increased 13.3 percent from a year earlier to a record high for any September, driven by strong sales of Tesla vehicles and rising demand for food services, data showed Monday. The value of online shopping transactions stood at 23.79 trillion won (US$16.61 billion) [...]