SEOUL, Dec. 23 (Korea Bizwire) — South Korea’s homegrown KF-21 fighter jets under development will be fitted with air-to-ground capabilities starting in 2027, ahead of schedule, the state arms procurement agency said Tuesday. The plan comes as authorities plan to spend around 700 billion won (US$472 million) to conduct a series of tests involving 10 [...]
SEOUL, Dec. 23 (Korea Bizwire) — Senior South Korean officials on Monday pledged to speed the adoption of artificial intelligence across the agriculture and food sectors, positioning so-called “physical A.I.” as a key response to rural labor shortages and an aging farming population. Bae Kyung-hoon, the deputy prime minister and minister of science and information and [...]
SEOUL, Dec. 23 (Korea Bizwire) — The South Korean government said it expects domestic petrochemical producers to cut as much as 3.7 million tons of naphtha cracking capacity, a key goal of a sweeping industry restructuring drive aimed at restoring competitiveness in an oversupplied global market. After reviewing restructuring plans submitted by major producers, the Ministry [...]
SEOUL, Dec. 22 (Korea Bizwire) — HD Hyundai Heavy Industries is moving closer to its first overseas submarine export, signing a joint development agreement with Peru as Seoul seeks to expand the global reach of its defense manufacturing sector. The company said on December 21 that it had concluded a contract with the Peruvian Navy and [...]
SEOUL, Dec. 22 (Korea Bizwire) — The antitrust regulator said Monday it has instructed the country’s flag carrier Korean Air Co. to revise its mileage integration plan as part of its merger with Asiana Airlines Inc. Korean Air has been notified to submit a more detailed plan within one month, including measures for the use [...]
SEOUL, Dec. 22 (Korea Bizwire) — Hyundai Motor Group said Monday it will unveil its artificial intelligence (AI) robotics strategy at Consumer Electronics Show (CES) 2026 and debut its next-generation humanoid robot, Atlas, developed by its U.S. subsidiary Boston Dynamics. The group will hold a keynote presentation on Jan. 5 (local time) at the Mandalay [...]
SEOUL, Dec. 22 (Korea Bizwire) — Samsung Biologics Co., the contract drug manufacturing arm of South Korea’s Samsung Group, said Monday that its U.S. subsidiary will acquire a biopharmaceutical manufacturing facility from GSK for 413.6 billion won ($280 million), marking its first manufacturing footprint in the United States. Samsung Biologics America has agreed to purchase a [...]
SEOUL, Dec. 22 (Korea Bizwire) — Celltrion Inc., a major South Korean biopharmaceutical company, said Monday it has launched its biosimilar drug Stoboclo-Osenvelt in major European markets, following the product’s initial rollout in the United States in July. Stoboclo-Osenvelt received sales approval from the European Commission (EC) in February, becoming a biosimilar referencing U.S. biotech [...]
SEOUL, Dec. 22 (Korea Bizwire) — South Korea has launched a public-private working group to push for the development of proprietary liquefied natural gas (LNG) cargo tanks to lessen dependence on foreign technologies, the industry ministry said Monday. The working group comprises industry, finance and oceans ministries, as well as major Korean companies, including Korea [...]
SEOUL, Dec. 22 (Korea Bizwire) — South Korea has completed development of the core technologies for a next-generation high-speed train designed to operate at up to 370 kilometers per hour, positioning the country among a small group of nations competing at the frontier of rail-speed technology, the transport ministry said Monday. The train, known as [...]