SEOUL, Sept. 30 (Korea Bizwire) — The fire that crippled South Korea’s National Information Resources Service last week is being traced to an aging lithium-ion battery, sharpening scrutiny of the country’s battery sector at a time when the industry is already grappling with slowing electric vehicle demand, expiring U.S. subsidies and intensifying competition from China. Authorities [...]
SEOUL, Sept. 30 (Korea Bizwire) — South Korea’s corporate ecosystem has been steadily weakening over the past decade, with fewer employees per company and a rising share of struggling firms unable to cover even their interest payments, a new report shows. According to a study released Sunday by the Korea Chamber of Commerce and Industry [...]
DAEJEON, Sept. 30 (Korea Bizwire) — South Korean scientists have unveiled the country’s first system capable of producing clean hydrogen at significantly lower costs, a development that could accelerate the nation’s transition to renewable energy. The Korea Institute of Machinery and Materials (KIMM) said Monday that a research team led by principal researcher Kim Young-sang [...]
SEOUL, Sept. 30 (Korea Bizwire) – The number of listed firms in South Korea that issued interim dividends increased over 25 percent on-year in the first half of 2025, industry data showed Tuesday. According to the data from corporate tracker Leaders Index, 135 firms among the 2,688 listed companies provided interim dividends in the January-June [...]
JEJU, Sept. 30 (Korea Bizwire) — Jeju Province will roll out a three-year pilot program to repurpose used electric-vehicle batteries into agricultural machinery and energy storage systems, underscoring South Korea’s broader push to strengthen its battery recycling industry. The project, set to run through 2027, will supply 100 devices—including farm equipment, transport robots, and streetlights [...]
SEOUL, Sept. 29 (Korea Bizwire) — Kia Corp., South Korea’s second-largest carmaker, said Monday it will test its purpose-built vehicle (PBV), the PV5, in Riyadh for potential adoption in a local resort town. Kia has partnered with Red Sea Global (RSG), one of the developers of Saudi Arabia’s Vision 2030 Giga Project, which aims to [...]
SEOUL, Sept. 29 (Korea Bizwire) — South Korea’s biosimilar industry is ramping up competition at home and abroad, with companies racing to secure early approvals, expand sales networks, and leverage artificial intelligence as differentiators in a crowded market. At least six biosimilars won approvals or launches globally this month alone, underscoring the pace of expansion. Celltrion [...]
SEOUL, Sept. 29 (Korea Bizwire) — South Korea’s two largest automakers, Hyundai Motor and Kia, have agreed to broaden the scope of “ordinary wages” in their latest labor agreements, a move that could reshape labor relations and intensify cost pressures across corporate Korea. The accords, reached earlier this month, follow a Supreme Court ruling last December [...]
SEOUL, Sept. 29 (Korea Bizwire) — Hyundai Motor Group’s dedicated electric vehicle platform has once again won recognition in the United States, with its power system named among WardsAuto’s “10 Best Engines & Propulsion Systems” for 2025. The automaker said Sunday that the all-electric Ioniq 9 earned a spot on the prestigious list, marking the [...]
SEOUL, Sept. 26 (Korea Bizwire) — Hyundai Motor Co. is celebrating the 40th anniversary of its Sonata sedan with a special exhibition in Seoul that retraces the model’s evolution from the company’s early years to its present status as a flagship vehicle. The exhibition, titled “By Your Side – Stella & Sonata,” opened Thursday at [...]