SEOUL, Dec. 3 (Korea Bizwire) – Hyundai Motor Company has solidified its position in global motorsport by achieving significant milestones in the World Rally Championship (WRC) and setting its sights on endurance racing with the Genesis luxury brand. The WRC, organized by the Fédération Internationale de l’Automobile (FIA), is one of the most demanding motorsport [...]
SEOUL, Dec. 3 (Korea Bizwire) – Samsung Electronics is facing declining representation in South Korea’s Exchange-Traded Fund (ETF) market, reflecting growing concerns about its position in the semiconductor industry, particularly regarding its competitive stance in High Bandwidth Memory (HBM) and artificial intelligence (AI) chip supply chains. According to financial data provider Yonhap Infomax, as of November [...]
SEOUL, Dec. 2 (Korea Bizwire) — A fifth round of international negotiations for a binding plastic regulation agreement has ended without a deal, with delegates agreeing to resume talks at a later date. The Intergovernmental Negotiating Committee (INC) on Plastic Pollution met in the southeastern city of Busan from last Monday until Sunday to try [...]
SEOUL, Dec. 2 (Korea Bizwire) — More than half of South Korean companies operating in Vietnam have experienced technology theft by their employees this year, a state-funded research institute said Monday. The Korea Institute for Industrial Economics & Trade (KIET) conducted a poll of 335 Korean firms that have business operations in Vietnam during the [...]
SEOUL, Dec. 2 (Korea Bizwire) — Genesis, Hyundai Motor Group’s independent luxury brand, on Monday revealed the design of its updated electrified GV70 SUV. The front features a new grille with a gradient design, showcasing a deeper shading effect that follows Genesis’ signature G-Matrix design pattern. The headlamps incorporate micro lens array technology to deliver [...]
SEOUL, Dec. 2 (Korea Bizwire) — Long-distance freight transport using autonomous vehicles will begin trial operations on highways as part of an initiative to promote self-driving technology, the transport ministry said Monday. The ministry said it designated six new autonomous vehicle test zones, including those on major highways and areas in the cities of Suwon, [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korea’s oceans ministry said Monday that it plans to implement an enhanced crackdown on Chinese boats fishing illegally in the West Sea this week in cooperation with the Coast Guard. The country will work to round up boats fishing or operating illegally in South Korea’s Exclusive Economic Zone [...]
SEOUL, Dec. 2 (Korea Bizwire) – South Korea’s Fair Trade Commission (FTC) is taking action against Coupang, Naver, and Market Kurly for allegedly hindering consumers from canceling their paid memberships. Coupang, in particular, faces additional scrutiny for using deceptive “dark patterns” in its membership pricing and cancellation processes. Coupang’s “Wow Membership” program allegedly made mid-term cancellations [...]
SEOUL/BUSAN, Dec. 2 (Korea Bizwire) — A new 8,200-ton Aegis destroyer armed with an advanced missile interception platform was commissioned Monday, the Navy said, in a move to bolster the Navy’s air defense capabilities against North Korean missiles. A commissioning ceremony for the Jeongjo the Great destroyer, named after a visionary king of the Joseon [...]
SEOUL, Dec. 2 (Korea Bizwire) — South Korean food company CJ CheilJedang Corp. said Monday it has introduced its “shelf-stable” noodle products to the European market for the first time this month. The company has introduced its shelf-stable noodle product, bibigo Korean Style Udon Noodles, in Britain, Sweden and Spain to gain a bigger share [...]