SEOUL, Jan. 18 (Korea Bizwire) — In a significant strategic shift, Korea Hydro & Nuclear Power (KHNP), Korea Electric Power Corporation (KEPCO), and U.S.-based Westinghouse Electric Company have agreed to set aside ongoing intellectual property disputes and jointly pursue global nuclear power projects under the newly formed “Team KORUS” alliance. Though the specific terms of the [...]
DAEGU, South Korea, Jan. 18 (Korea Bizwire) — The once-familiar aroma of freshly baked fish-shaped pastries, known as bungeoppang, is becoming increasingly rare on South Korean streets this winter. Strengthened enforcement against unauthorized street vending and soaring ingredient prices have led to a noticeable decline in these traditional winter snack stalls. A recent survey of Daegu’s [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea’s home shopping industry is rapidly evolving its delivery services and diversifying business models to align with changing consumer trends, aiming to boost competitiveness and profitability through personalized services. Expanded Delivery Services Leading home shopping companies are enhancing their delivery systems through strategic partnerships with logistics firms. On January [...]
SEOUL, Jan. 17 (Korea Bizwire) — South Korea is set to allow companies to establish in-house graduate schools that can confer official master’s and doctoral degrees, marking a significant shift in corporate education and workforce development. The Ministry of Trade, Industry and Energy announced on January 16, 2025, that the enforcement decree for the “Special [...]
SEOUL/WASHINGTON, Jan. 17 (Korea Bizwire) — South Korea’s state-run Korea Hydro & Nuclear Power (KHNP) said Friday it has reached an agreement with U.S.-based Westinghouse over an intellectual property rights dispute and to join forces in the global nuclear energy market. “KHNP and Korea Electric Power Corp. (KEPCO) have agreed with U.S. Westinghouse to settle [...]
SEOUL, Jan. 17 (Korea Bizwire) — Kia Corp. said Friday it has commenced mass production of Syros, the automaker’s new global strategic compact sport utility vehicle (SUV), in India. The South Korean automaker held a ceremony Thursday at its production plant in Andhra Pradesh, India, to mark the occasion, with attendees including Kia CEO Song [...]
SEOUL, Jan. 17 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp., South Korea’s leading automakers, have picked up awards for 19 products at the 2024 Good Design Awards in the United States for their innovative design competitiveness, the companies said Friday. Hyundai Motor secured awards in the transportation category for its future mobility concepts, [...]
SEOUL, Jan. 17 (Korea Bizwire) — Ediya Co., South Korea’s fourth-largest coffee franchise by sales, said Friday it has signed a master franchise deal with a Lao company to enter the Southeast Asian country this year. Ediya plans to open its first outlet in Laos in June under the partnership with Grandview Property Sole Co., [...]
JEONJU, Jan. 17 (Korea Bizwire) — A team of South Korean researchers have made a groundbreaking discovery about how onions produce their distinctive pungent compound, isoallicin, revealing it to be part of the vegetable’s natural defense system, the Rural Development Administration (RDA) announced on January 16. The study marks the first time scientists have identified the [...]
SEOUL, Jan. 16 (Korea Bizwire) — Lotte Home Shopping has officially launched its mobile game “Bellygom Matchland” in South Korea, accelerating its efforts to diversify its character intellectual property (IP) business. Announced on January 16, 2025, this move marks the company’s expansion into the gaming sector, becoming the first retailer in the industry to release a [...]