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) [...]
SEOUL, Oct. 31 (Korea Bizwire) – The fried chicken chain that hosted Nvidia CEO Jensen Huang’s now-famous “chimaek” (chicken and beer) gathering with Samsung Chairman Lee Jae-yong and Hyundai Motor Chairman Chung Euisun has suddenly become one of Seoul’s hottest dining spots. On Friday, franchise owner Yang, who runs a Kkanbu Chicken branch in central Seoul, [...]
SEOUL, Oct. 31 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading carmaker, said Friday it will strengthen collaboration with Nvidia Corp. to accelerate innovation in artificial intelligence (AI)-based future mobility solutions through a new AI infrastructure powered by the U.S. firm’s latest Blackwell chips. The two companies have agreed to jointly develop AI capabilities [...]
DANGJIN, Oct. 31 (Korea Bizwire) — A new safety initiative by Hyundai Steel Co. has sparked a labor dispute after the company deployed four-legged patrol robots at its Dangjin plant, with the metalworkers’ union accusing the firm of using the technology to monitor workers rather than protect them. The Korean Metal Workers’ Union, affiliated with [...]
SEOUL, Oct. 31 (Korea Bizwire) — In a rare show of camaraderie among global tech titans, Samsung Electronics Chairman Lee Jae-yong and Hyundai Motor Group Chairman Chung Eui-sun met with Nvidia CEO Jensen Huang on Thursday evening at a fried chicken restaurant in Seoul’s Gangnam district, sharing “so-maek” — a popular Korean mix of soju and [...]