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 [...]
SEJONG, Jan. 21 (Korea Bizwire) — President Donald Trump’s comments suggesting that South Korean investment funds could be used for an ambitious Alaska natural gas development project have sparked unease in Seoul, raising concerns that political rhetoric in Washington could complicate ongoing bilateral investment negotiations. Speaking at the White House on Tuesday to mark the first [...]
SEOUL, Jan. 21 (Korea Bizwire) – Kia Corp. plans to expand its global youth vocational training initiative to three additional countries this year, the company said Wednesday, underscoring its commitment to help emerging countries build foundations for self-reliant communities. The program, named Bootcamp, will be extended to Ecuador, South Africa and Singapore in 2026, in [...]
SEOUL, Jan. 21 (Korea Bizwire) – SK Innovation Co., South Korea’s leading refiner, said Wednesday it has sold part of its stake in TerraPower, a U.S. developer of next-generation small modular reactors (SMRs), to Korea Hydro & Nuclear Power (KHNP), strengthening their three-way partnership to expand into the global SMR market. The deal marks the [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea has formally begun development of a new electronic warfare aircraft designed to disrupt enemy air defenses and command systems from long range, marking a significant step in strengthening its modern combat capabilities. The Defense Acquisition Program Administration said Tuesday that it held a kickoff meeting for the Electronic [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s e-commerce market is showing early signs of change following a recent personal data breach at Coupang, as consumers begin moving to rival platforms — particularly for fresh food delivery — lifting usage and sales metrics across the industry. According to retail industry data released Tuesday, Market Kurly reported [...]
SEOUL, Jan. 20 (Korea Bizwire) – Nearly 40 percent of South Korean companies participating in the global Renewable Energy 100 percent (RE100) initiative are struggling to source renewable energy due to high costs and limited procurement options, a report showed Tuesday. Out of 183 South Korean firms that have joined the global campaign, 70, or [...]
SEOUL, Jan. 20 (Korea Bizwire) – The market capitalization of Hyundai Motor Co. was seen approaching the 100 trillion-won (US$67.7 billion) level for the first time Tuesday, as growing investor optimism over its robotics and autonomous driving initiatives drove the company’s share price toward record highs. The share price of Hyundai Motor rose as high [...]