SEOUL, Oct. 2 (Korea Bizwire) — CJ Logistics said Wednesday it will take part in a state-led research initiative to develop humanoid robots equipped with dexterous robotic hands, aiming to transform logistics operations and secure a technological edge in the fast-evolving sector. The project is part of the Ministry of Trade, Industry and Energy’s “K-Humanoid [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s government has designated nearly 100 new transmission and substation projects as “national backbone power grid facilities,” clearing the way for streamlined approvals and fast-tracked construction under a special power grid law that took effect last month. The move, officials said Wednesday, is part of an ambitious plan [...]
SEOUL, Oct. 2 (Korea Bizwire) – LG Electronics Inc. on Thursday unveiled new modular housing models featuring the latest home appliances in response to the growing demand for second houses. The South Korean tech giant launched two new models of the LG Smart Cottage, which refers to the company’s prefabricated home equipped with its heating, [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korea’s leading association of listed firms has voiced opposition to a proposed across-the-board corporate tax hike, arguing it would further burden businesses already struggling with weak global demand and a downturn in the semiconductor sector. The Korea Listed Companies Association (KLCA) said Tuesday it had submitted a formal [...]
SEOUL, Oct. 2 (Korea Bizwire) — Nearly four in ten foreign companies operating in South Korea view the new government’s labor policies unfavorably, with particular concern over the recently enacted “Yellow Envelope Law,” a survey shows. According to a poll released Wednesday by the Korea Foreign Enterprises Association (KOFA), 41 percent of the 100 foreign-invested [...]
SEOUL, Oct. 2 (Korea Bizwire) – Asiana Airlines Inc. and Aero K Airlines Co. have been imposed fines for failing to properly notify passengers of baggage issues and flight delays, the transport ministry said Thursday. Asiana was fined 12 million won (US$8,550) while Aero K was fined 18 million won for violating the Aviation Business [...]
SEOUL, Oct. 2 (Korea Bizwire) – Hyundai Motor Group said Thursday it has launched the second class of its H-Jump School Indonesia program, a youth education and mentoring initiative, in Jakarta. A launch ceremony was held Wednesday (local time) at a hotel in Jakarta, attended by officials from the Indonesian industry ministry, Hyundai Motor Indonesia [...]
JEJU, Oct. 1 (Korea Bizwire) — Jeju Province’s pilot program encouraging food delivery in reusable containers has surpassed 2,000 orders in less than two months, signaling strong public support for the island’s ambitious campaign to curb single-use plastics. Launched on Aug. 13 in Jeju City’s Yeon-dong and Nohyeong-dong districts, the “Yonggi-inneun Jumun” (“Courageous Order”) service allows [...]
SEOUL, Oct. 1 (Korea Bizwire) — South Korea’s largest conglomerates have sharply increased their lobbying expenditures in the United States, more than doubling their spending in the past five years as they navigate regulatory pressures, trade disputes, and large-scale investments in America. According to new data released Wednesday by corporate tracker CEO Score, 52 Korean [...]
SEOUL, Oct. 1 (Korea Bizwire) — Online shopping in South Korea surged to its highest level for any August on record, fueled by booming Tesla sales and growing appetite for food services, government data showed Wednesday. Total online transactions reached 22.48 trillion won (US$15.56 billion) in August, up 6.6 percent, or 1.39 trillion won, from [...]