SEOUL, Jan. 23 (Korea Bizwire) — Battery stocks, long sidelined by a global slowdown in electric vehicle demand, are staging a sharp comeback in South Korea’s exchange-traded fund market, buoyed by growing investor optimism around the emerging humanoid robot industry. Data released Friday by Koscom show that battery-related ETFs dominated the top of last week’s [...]
SEOUL, Jan. 23 (Korea Bizwire) –Hanwha Aerospace Co., widely viewed as a leading contender for a major Norwegian long-range rocket procurement project, could end up securing the deal in the very near future following a vote by the Norwegian parliament on the multibillion-dollar project early next week, industry watchers said Friday. An authorization bill for [...]
SEOUL, Jan. 23 (Korea Bizwire) – Korean Air Lines Co., South Korea’s flag carrier, and its four affiliate airlines will ban the in-flight use of power banks starting next week amid growing safety concerns, Hanjin Group said Friday. The top carrier and its four sister airlines — Asiana Airlines, Jin Air, Air Busan and Air [...]
SEOUL, Jan. 23 (Korea Bizwire) – Hyundai Motor Group said Friday its brands have won multiple honors across different vehicle segments at major automotive awards in Britain and the United States. At the 2026 What Car? Awards, a major British automotive awards event, Hyundai Motor Co. and Kia Corp. won a total of seven honors [...]
SEOUL, Jan. 23 (Korea Bizwire) — South Korea on Friday rejected claims by U.S.-based investors in Coupang that the government had targeted the e-commerce giant, calling their use of remarks by Prime Minister Kim Min-seok in a planned international arbitration case a “deliberate distortion.” The Office for Government Policy Coordination said an arbitration notice submitted [...]
SEOUL, Jan. 23 (Korea Bizwire) — Hyundai Motor Group’s ambitious plan to position humanoid robots as a pillar of its future growth is facing stiff internal resistance, as labor leaders move to block the introduction of robots on production lines without formal agreement. The conflict emerged this week after Hyundai’s powerful labor union warned that no [...]
SEOUL, Jan. 22 (Korea Bizwire) — Two major U.S. investment firms backing Coupang have asked the United States government to investigate what they describe as discriminatory treatment by South Korean authorities, raising the prospect that a domestic regulatory dispute could escalate into a bilateral trade issue. Reuters reported Thursay that Green Oaks Capital and Altimeter Capital [...]
SEOUL, Jan. 22 (Korea Bizwire) — Volvo Cars on Thursday introduced the EX60, its first midsize all-electric sport utility vehicle, at a global debut event in Stockholm, positioning the model as a major step in the company’s transition toward fully electric mobility. Built on Volvo’s new SPA3 electric vehicle architecture, the EX60 offers a driving range [...]
SEOUL, Jan. 22 (Korea Bizwire) – SK bioscience Co., a biopharmaceutical arm of South Korea’s SK Group, said Thursday it will accelerate the development of a Zaire Ebola virus vaccine with funding from the Coalition for Epidemic Preparedness Innovations (CEPI). The announcement follows a funding agreement between CEPI and U.S. pharmaceutical company MSD to support [...]
SEOUL, Jan. 22 (Korea Bizwire) – South Koreans’ rice consumption fell to a record low in 2025 as changing diets and eating habits continued to reduce demand, government data showed Thursday. Per capita rice consumption stood at 62.5 kilograms last year, down 3 percent, or 1.9 kg, from the previous year, according to the data [...]