MUAN, Oct. 22 (Korea Bizwire) — In a country racing to secure its place in the global artificial intelligence arms race, South Jeolla Province has quietly become a surprising frontrunner. Backed by abundant renewable energy and vast land resources, the region is drawing some of the world’s biggest technology investments—including the government’s next national AI computing [...]
SEOUL, Oct. 21 (Korea Bizwire) – Kia Corp., South Korea’s second-largest automaker, on Tuesday opened its second complete knock-down (CKD) assembly plant in Kazakhstan as part of efforts to expand its production capacity and strengthen its foothold in Central Asia. An opening ceremony for the plant in Kostanay, northwestern Kazakhstan, was attended by Kia President [...]
SEOUL, Oct. 21 (Korea Bizwire) – LG Chem Ltd.’s polio vaccine manufacturing facility in South Korea has received a certificate of containment from the World Health Organization (WHO), the first such recognition in Asia, the disease control agency said Tuesday. The facility was among only three in the world to earn the WHO certification, following [...]
SEOUL, Oct. 21 (Korea Bizwire) — As global interest in Korean cuisine continues to soar, foreign tourists visiting South Korea are increasingly venturing beyond traditional dishes like kimchi, bulgogi, and bibimbap to explore the flavors of everyday Korean life — from instant noodles and gimbap to street snacks and convenience store fare. According to data [...]
SEOUL, Oct. 21 (Korea Bizwire) — South Korea’s leading food delivery platform Baemin is facing fresh criticism over allegations that it tacitly allowed restaurant owners to inflate menu prices before applying promotional discounts, effectively misleading consumers. According to a report released Monday by the Fair Platform Business Owners Association (or For Fair Platform), a Baemin [...]
South Korea’s Nuclear Export Deal with Westinghouse Sparked by U.S. Ruling on Reactor Technology Origins SEOUL, Oct. 20 (Korea Bizwire) — The South Korean government’s controversial settlement with U.S. firm Westinghouse over nuclear technology rights was driven by a 2024 decision from the U.S. Department of Energy (DOE) declaring that Korea’s APR1400 reactor design contains American-origin [...]
SEOUL, Oct. 20 (Korea Bizwire) — The South Korean government will formally launch the “K-Ship Tech Alliance” next year, a sweeping initiative designed to accelerate the shipbuilding industry’s transition to artificial intelligence (AI) technologies as part of the country’s broader industrial innovation strategy. Announced at a high-level economic ministers’ meeting chaired by Deputy Prime Minister and [...]
SEOUL, Oct. 20 (Korea Bizwire) – The country’s chief financial regulator said Monday that financial authorities are ready to take additional measures, if needed, to rein in soaring household debt. During a parliamentary audit, Lee Eog-weon, the chairman of the Financial Services Commission (FSC), said his agency is taking preemptive measures to secure financial stability. [...]
GOYANG, Oct. 20 (Korea Bizwire) – Kia Corp., South Korea’s second-largest automaker, on Monday showcased a lineup of its military mobility platforms at the Seoul International Aerospace & Defense Exhibition (ADEX) 2025. At the biennial defense trade show under way at KINTEX in Goyang, just northwest of Seoul, Kia featured a military command variant of [...]
GOYANG, Oct. 20 (Korea Bizwire) – South Korea was to kick off the second session of its largest biennial aerospace and defense trade show Monday, featuring unmanned weapons systems using artificial intelligence (AI) technology, as it seeks to become the world’s fourth-biggest defense exporter. Following its first three-day public session last week at Seoul Air [...]