WASHINGTON, March 17 (Korea Bizwire) — A U.S. Department of Energy (DOE) laboratory contractor employee was terminated after attempting to board a flight to South Korea with export controlled information on nuclear reactor design software, a report showed Monday. Idaho National Laboratory (INL) terminated the person during the reporting period from Oct. 1, 2023 through [...]
SEJONG, March 18 (Korea Bizwire) — South Korean Industry Minister Ahn Duk-geun is set to meet with the governor of Alaska next week in Seoul and discuss Seoul’s possible participation in the gas pipeline project in the U.S. state, diplomatic sources said Tuesday. Ahn plans to hold a face-to-face meeting with Alaska Gov. Mike Dunleavy, [...]
SEOUL, March 18 (Korea Bizwire) — South Korea will promote its artificial intelligence (AI) and future mobility solutions at a Japanese exhibition set to open next month, a trade promotion agency said Tuesday. Expo 2025 Osaka is scheduled to open April 13 on Yumeshima, an artificial island on Osaka Bay, and run for six months [...]
SEOUL, March 18 (Korea Bizwire) — South Korean low-cost carrier (LCC) Eastar Jet Co. said Tuesday it will add a physical fitness test category in its cabin crew hiring process starting this year. The addition aims to assess the essential physical strength of cabin crew members, as they are responsible for handling emergency situations during [...]
SEOUL, March 18 (Korea Bizwire) — Only about half of large companies in South Korea operated an environmental, social and governance (ESG) committee last year, reflecting their commitment to sustainable growth, a report showed Tuesday. According to the report by corporate research firm Leaders Index, 194 companies, or 53.7 percent, of 361 companies with available [...]
SEOUL, March 18 (Korea Bizwire) — Celltrion Inc., a major South Korean biopharmaceutical firm, said Tuesday it aims to achieve 5 trillion won (US$3.46 billion) in sales this year, helped by an expanded biosimilar lineup. The annual target is 40.5 percent higher than the record high of 3.56 trillion won it posted last year. The [...]
SEOUL, March 18 (Korea Bizwire) — South Korea will increase subsidies for electric motorcycles that offer faster charging speeds and enhanced battery status monitoring, the Ministry of Environment announced Monday. Under the newly finalized 2025 subsidy guidelines, electric motorcycles equipped with 3kW fast-charging capability or a battery status display/app integration will be eligible for an [...]
DAEJEON, March 18 (Korea Bizwire) — Scientists at the Korea Advanced Institute of Science and Technology (KAIST) have developed a novel electrolyte solvent that could cut electric vehicle charging times in half while extending battery life, potentially marking a significant advancement in lithium-ion battery technology. The research team, led by professors Choi Nam-Soon and Hong Seungbum, created [...]
SEOUL, March 18 (Korea Bizwire) — South Korean companies could boost their corporate value by increasing shareholder returns, precisely because of their currently low level of shareholder protection, according to a new analysis by the Bank of Korea released on March 17. The central bank’s report, titled “The Impact of Shareholder Return Policies on Corporate Value,” examined [...]
SEJONG, South Korea, March 17 (Korea Bizwire) — Hanwha Group is making a renewed attempt to acquire Austal, an Australian shipbuilding company that supplies vessels to the U.S. and Australian navies, through its defense affiliates Hanwha Systems and Hanwha Aerospace. The move follows Hanwha’s previous failed bid in April 2024, when its subsidiary Hanwha Ocean offered [...]