SEOUL, Feb. 21 (Korea Bizwire) — The Kia EV3, a compact electric SUV, has been awarded the title of ‘2025 Car of the Year’ by the Korea Automobile Journalists Association (KAJA), marking a significant milestone for Kia’s push toward the mass adoption of electric vehicles. KAJA, comprising 59 media outlets across newspapers, television, radio, and [...]
SEOUL, Feb. 21 (Korea Bizwire) — LG Electronics Inc. has invested in Silicon Valley-based mobility software startup Apex.AI as part of its broader plans to expand collaborations with software providers in the artificial intelligence (AI) era, the U.S. company said Friday. “LG Electronics, a global innovator in technology and consumer electronics, including vehicle solutions, has [...]
SEOUL, Feb. 21 (Korea Bizwire) — Hyundai Engineering & Construction Co. (E&C) said Friday it, together with a public firm here, has signed an initial pact with a government agency of New Zealand to enter New Zealand’s housing development market. Hyundai E&C and the Korea Overseas Infrastructure & Urban Development Corp. (KIND) have signed a [...]
SEOUL, Feb. 21 (Korea Bizwire) — Chinese e-commerce platform Temu has increased the scope of data required from its South Korean users to include addresses, phone numbers and customs codes, its new policy showed Friday. The updated privacy terms, which go into effect the same day, also require users to agree to transferring their data [...]
SEOUL, Feb. 21 (Korea Bizwire) — Jose Munoz, the first foreign chief executive officer (CEO) of Hyundai Motor Co., has underscored high-quality products and differentiated strategies as keys to growth, the company said Friday. Munoz shared his strategic vision for the company in a town hall meeting with 15,000 employees at its Namyang R&D Center, [...]
SEOUL, Feb. 20 (Korea Bizwire) — In a move to curb China’s aggressive low-cost steel exports, the South Korean government has announced plans to impose anti-dumping tariffs of up to 38% on Chinese heavy steel plates. The decision, made on February 20, comes amid concerns over persistent oversupply from China and the looming impact of U.S. [...]
SEOUL, Feb. 20 (Korea Bizwire) — Uber has introduced its corporate mobility service, Uber for Business (U4B), in South Korea, aiming to enhance business travel efficiency with seamless expense management and ride-hailing solutions. At the ‘Uber Taxi Connect Day’ event in Seoul on February 20, Uber outlined its business strategy for the year, including the launch [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korean pharmaceutical and biotech companies are scrambling to prepare for potential new tariffs threatened by American President Donald Trump on foreign-made drugs entering the U.S. market. Celltrion, a major South Korean biopharmaceutical company, announced on its website on February 19 that it has established an “optimal response system” to [...]
SEOUL, Feb. 20 (Korea Bizwire) — Hanwha Ocean Co. said Thursday it has successfully delivered the company’s 200th liquefied natural gas (LNG) carrier, marking a major milestone in the shipbuilding industry. According to Hanwha Ocean, the vessel was delivered to SK Shipping Co., which will operate the vessel under a South Korean consortium in the [...]
SEOUL, Feb. 20 (Korea Bizwire) — E-commerce giant Coupang and its affiliates have reached a landmark agreement with small business owners and labor organizations, committing to improved working conditions and financial support measures. The agreement, signed on February 19, includes the abolition of a controversial policy that had been linked to overwork among delivery drivers. [...]