SEOUL, Dec. 10 (Korea Bizwire) — South Korea’s privacy regulator on Wednesday ordered Coupang Inc. to revise its liability exemption clause for data breaches and simplify its membership cancellation process. The Personal Information Protection Commission (PIPC) issued the instruction after reviewing the company’s terms of service, membership policy and follow-up measures in the wake of [...]
SEOUL, Dec. 10 (Korea Bizwire) — Free cash flow at South Korea’s 500 largest listed companies rose sharply over the past year, lifted by a rebound in the semiconductor market that strengthened liquidity at major chipmakers, according to industry data released Wednesday. The companies — excluding financial institutions — generated a combined 69.6 trillion won ($47.3 [...]
SEOUL, Dec. 10 (Korea Bizwire) — SK Chemicals Co. said Wednesday it will establish a joint venture with a Chinese plastics recycling firm to build a waste-plastics processing facility aimed at securing a stable supply of recycled plastic materials. The joint venture with Kelinle will construct a Feedstock Innovation Center (FIC) in Shaanxi Province, with [...]
SEOUL, Dec. 10 (Korea Bizwire) — Hyundai Rotem Co., the train and defense subsidiary of Hyundai Motor Group, on Wednesday shipped its initial batch of high-speed train exports to Uzbekistan after completing production ahead of schedule, the company said. A send-off ceremony for the shipment was held in Changwon, some 300 kilometers southeast of Seoul, [...]
INCHEON, Dec. 10 (Korea Bizwire) — Facing a shortage of industrial land for rapidly expanding biopharmaceutical companies in Songdo International Business District, Incheon authorities are moving to reassign plots originally earmarked for public institutions and universities to accommodate additional factory space, officials said Tuesday. The Incheon Free Economic Zone Authority (IFEZA) said Incheon Main Customs has [...]
SEOUL, Dec. 10 (Korea Bizwire) — Hyundai Motor Group is on the verge of achieving its annual global sales target for the first time in more than a decade, helped by easing tariff pressures in the United States and surging demand for hybrid and electric vehicles in key overseas markets, the company said Tuesday. The group [...]
SEOUL, Dec. 9 (Korea Bizwire) — The government plans to devise a customized strategy to address non-tariff trade barriers faced by South Korean food exporters, while establishing a dedicated help desk for the firms to navigate shifting trade dynamics, the agriculture ministry said Tuesday. The Ministry of Agriculture, Food and Rural Affairs unveiled the plan [...]
SEOUL, Dec. 9 (Korea Bizwire) — Naver’s standalone AI-driven shopping app, Naver Plus Store, has emerged as the fastest-growing e-commerce platform in South Korea this year, according to a global app market analysis released Monday by Sensor Tower. From January through October, Naver Plus Store ranked No. 1 in both total downloads and download growth among [...]
SEOUL, Dec. 9 (Korea Bizwire) — Kia Corp.’s PV5 Cargo model has received the highest safety rating of five stars from the European New Car Assessment Program (Euro NCAP), according to the automaker Tuesday. The PV5 earned praise across all major assessment categories for commercial vans in 2025, including driving safety, crash avoidance and post-crash [...]
SEOUL, Dec. 9 (Korea Bizwire) — Hyundai Rotem Co., the defense and train subsidiary of Hyundai Motor Group, will participate in a major rail industry exhibition in Morocco to showcase a wide range of integrated railway solutions, the company said Tuesday. The company will participate in the two-day Rail Industry Summit Morocco to be held [...]