SEOUL, Feb. 11 (Yonhap) – South Korea plans to expand its official development assistance (ODA) to 50 nations by 2029, the agriculture ministry said Tuesday, a move partly aimed at strengthening the global competitiveness of the country’s agri-food industry. The move comes as part of the government’s five-year plan to bolster the country’s international agriculture [...]
SEOUL, Feb. 11 (Korea Bizwire) – With the recent entry by China’s BYD Co. into South Korea’s passenger electric vehicle (EV) market, concerns have been raised over potential personal data leaks to China through the vehicles manufactured by the company, industry observers said Tuesday. The security risks of private data leaks to China emerged following [...]
SEOUL, Feb. 10 (Korea Bizwire) — Hyundai Motor Company is set to launch the Casper Electric Cross, a compact electric SUV, on February 11, 2025. The new model builds upon the existing Casper Electric, incorporating design elements that enhance its outdoor appeal. The front fascia features a cross radiator grille and a semi-gloss gray metallic skid [...]
SEOUL, Feb. 10 (Korea Bizwire) — Until the late 1990s, the gray uniforms of Daewoo Motors workers in Bupyeong, Incheon, were a symbol of pride. These “Daewoo men” were welcomed everywhere in town, representing not just local economic vitality but South Korea’s industrial might. That era came to an abrupt end when Daewoo Motors defaulted in [...]
SEOUL, Feb. 10 (Korea Bizwire) – A U.S. nuclear-powered submarine arrived at a major southeastern naval base in South Korea on Monday to replenish supplies and provide rest for crew members, the South’s Navy said. The USS Alexandria, a Los Angeles-class attack submarine, entered the naval base in Busan, some 320 kilometers southeast of Seoul, [...]
SEOUL, Feb. 10 (Korea Bizwire) – Korean Air Co., South Korea’s leading air carrier, said Monday it has been named the best airline of 2025 by Airline Ratings, a prestigious Australia-based aviation and travel publication. Korean Air was ranked No. 1 in a comprehensive evaluation of over 350 airlines worldwide based on various criteria, including [...]
SEOUL, Feb. 10 (Korea Bizwire) – LG Energy Solution Ltd., South Korea’s leading battery maker, said Monday it has been named the renewable energy bidding service operator for the country’s largest wind farm on the southern island of Jeju. With this appointment, the company will now manage all offshore wind farms in the country that [...]
SEOUL, Feb. 10 (Korea Bizwire) – Chinese e-commerce platform Temu has been stepping up its preparations to directly enter the South Korean market since late last year, an industry source said Monday. PDD Holdings Inc.’s Temu is in the process of hiring Korean employees for human resources, administration, public relations, marketing and logistics functions, an [...]
SEOUL, Feb. 10 (Korea Bizwire) – Hyundai Motor Co. said Monday it plans to release an off-road themed variant of the Casper Electric, the company’s entry-level electric vehicle (EV), in South Korea this week. The Casper Electric Cross retains the core design identity of the original model, known as Inster Electric overseas, introduced last year, [...]
SEOUL, Feb. 10 (Korea Bizwire) – One in four flights operated by South Korean airlines last year experienced delays in flight departures or arrivals, government data showed Monday. According to the transport ministry data submitted to the office of Rep. Ahn Tae-jun of the main opposition Democratic Party, the average delay rate for domestic and [...]