SEOUL, Feb. 24 (Korea Bizwire) — South Korean retail investors’ holdings in U.S. stocks have surpassed $100 billion for the first time, as a new survey reveals that corporate innovation remains the primary attraction driving Korean investors toward American capital markets. According to a survey released on February 23 by the Korea Chamber of Commerce and [...]
SEOUL, Feb. 24 (Korea Bizwire) — Hyundai Motor Group said Monday that it will host a software developer conference next month in Seoul as part of efforts by the automotive giant to transition to a software-defined vehicle manufacturer and expand its application ecosystem. The Pleos 25 conference will be held at COEX in southern Seoul [...]
SEOUL, Feb. 24 (Korea Bizwire) — The Korea Enterprises Federation (KEF) said Monday it has released an annual English handbook on South Korea’s latest business and labor market environment. The KEF said the handbook, titled 2025 Business Environment and Labor Market in Korea, was produced to help international organizations and foreign companies better understand the [...]
SEOUL, Feb. 24 (Korea Bizwire) — Muan International Airport, which had been completely closed due to the Jeju Air passenger plane crash on Dec. 29 last year, has resumed flights for emergency medical care and educational training after 56 days, airport officials said Monday. Aviation authorities permitted flights approved by the airport’s control tower for [...]
SEOUL, Feb. 24 (Korea Bizwire) — Celltrion Inc., a major South Korean biopharmaceutical firm, said Monday its new biosimilar for an autoimmune disease treatment has obtained approval from the European Commission (EC). The EC approved Celltrion’s Avtozma, a biosimilar to Actemra, in both intravenous and subcutaneous formulations, for sales in the member countries of the [...]
SEOUL, Feb. 23 (Korea Bizwire) — A delegation representing Estonia’s wood construction and architecture design industry visited South Korea, aiming to expand their presence in the local market by promoting advanced modular wood-building techniques amid global interest in eco-friendly construction methods. The delegation, composed of representatives and architects from eight Estonian wood construction companies, hosted a [...]
SEOUL, Feb. 23(Korea Bizwire) — Amid growing economic uncertainty and rising labor costs, South Korean restaurant owners are rapidly adopting digital “table-order” systems, allowing diners to order meals directly from tablets installed at their tables, without staff assistance. The adoption of table-order services surged dramatically in recent months, driven by restaurant operators seeking to cut staffing [...]
SEOUL, Feb. 21 (Korea Bizwire) — A fatal house fire in Changwon, suspected to have been caused by an electric bicycle battery charger, has reignited concerns over the safety of personal mobility (PM) device batteries, authorities said on February 20. The fire, which broke out on February 14 in Uichang-gu, Changwon, claimed the life of [...]
SEOUL, Feb. 21 (Korea Bizwire) — Despite a prolonged economic downturn and high interest rates, several prominent South Korean mid-sized companies are actively pursuing major mergers and acquisitions, highlighting a shift in corporate strategy. The number of completed M&A deals valued at over 10 billion won in South Korea reached 474 in 2024, marking a 12% [...]
SEOUL, Feb. 21 (Korea Bizwire) — HD Hyundai Infracore announced on February 20 that it has successfully completed cold-weather performance testing of its 11-liter hydrogen engine (HX12) in collaboration with Tata Daewoo Mobility. The tests were conducted from February 4 to 14 in Daegwallyeong, Gangwon Province. The testing program evaluated the hydrogen-powered engine’s performance in temperatures [...]