SEOUL, Oct. 15 (Korea Bizwire) – Families of victims of a Jeju Air Co. plane crash that occurred late last year have filed a lawsuit against U.S. aircraft manufacturer Boeing Co. in an American court, holding the company responsible for alleged manufacturing defects, according to the families Wednesday. According to the families and their legal [...]
SEOUL, Oct. 15 (Korea Bizwire) – Defense giant Hanwha Aerospace Co. said Wednesday it has signed an agreement with U.S. defense company General Atomics Aeronautical Systems Inc. (GA-ASI) to jointly develop a short take-off and landing (STOL) unmanned aerial vehicle (UAV), marking a major step forward in defense industry cooperation between South Korea and the [...]
SEOUL, Oct. 15 (Korea Bizwire) — As South Korea pushes for wider adoption of Driver Monitoring Systems (DMS) to prevent fatigue-related traffic accidents, truck and bus drivers are voicing growing unease over privacy intrusions and cost burdens. While most drivers and operators acknowledge the need for safer roads, many fear that DMS — which tracks [...]
SEOUL, Oct. 14 (Korea Bizwire) – China announced Tuesday it will impose retaliatory measures against five U.S.-based subsidiaries of South Korean shipbuilder Hanwha Ocean Co., accusing them of cooperating with a U.S. investigation targeting China’s maritime and shipbuilding industries. In a statement, the Chinese commerce ministry claimed Hanwha Ocean’s U.S. affiliates assisted and supported the [...]
SEOUL, Oct. 14 (Korea Bizwire) — South Korea’s Supreme Court is set to rule Thursday on the long-running divorce case between SK Group Chairman Chey Tae-won and Noh So-young, director of Art Center Nabi, in what has been called the “trial of the century.” With more than 1 trillion won (about $720 million) in assets at [...]
WASHINGTON, Oct. 14 (Korea Bizwire) – More than a dozen South Korean firms showcased their high-tech military products at an exhibition in Washington on Monday, seeking to create or firm up their presence in the U.S. market, as Seoul and Washington pursue deeper defense industrial cooperation to confront North Korea and other shared challenges. From [...]
SEOUL, Oct. 14 (Korea Bizwire) – Hyundai Motor Co. said Tuesday it has unveiled the works of artist Maret Anne Sara at Tate Modern in London, part of a prestigious annual art project hosted jointly by the South Korean automaker and the renowned British art gallery. Now in its 10th year, the Hyundai Commission project [...]
SEOUL, Oct. 14 (Korea Bizwire) — As wine consumption rises with the arrival of autumn, South Korea’s convenience store chains are racing to differentiate their wine selections, forging partnerships with global distributors and wineries to appeal to increasingly sophisticated local palates. GS25 said its smart liquor pre-order platform, Wine25Plus, has recorded 500 million won ($365,000) in [...]
SEOUL, Oct. 13 (Korea Bizwire) — HD Hyundai is exploring multiple options for expanding into the United States, including acquiring shares in an existing shipyard or building one from the ground up — a move that could mark one of the most significant steps yet by a Korean shipbuilder into the U.S. market. According to industry [...]
SEOUL, Oct. 13 (Korea Bizwire) – Doosan Enerbility Co., a major South Korean plant builder, said Monday it has exported gas turbine products to the United States, marking the country’s first deal to ship domestically developed gas turbines overseas. Doosan Enerbility signed a contract with a “big tech” company to supply two 380-megawatt-class gas turbines [...]