SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s biggest conglomerates are ramping up hiring in a coordinated move to bolster future growth sectors and answer government calls for job creation, unveiling plans that together run into tens of thousands of new positions. Samsung Group, the country’s largest business empire, said Thursday it will recruit 60,000 [...]
SEOUL, Sept. 18 (Korea Bizwire) — Thirty years ago, Hyundai Motor Co. was still shedding its image as a latecomer, eager to catch up with established automakers in the United States, Europe and Japan. Today, South Korea’s largest carmaker is aiming to leap ahead, announcing its most ambitious growth strategy yet: a 77.3 trillion won [...]
SEOUL, Sept. 17 (Korea Bizwire) — On the eve of its maiden voyage, Seoul unveiled its long-awaited “Hangang Bus” on Wednesday, positioning the sleek new ferry service as both a commuter option and a lifestyle attraction along the capital’s iconic waterway. At an inauguration ceremony held at Yeouido Pier, Mayor Oh Se-hoon joined lawmakers and local [...]
SEOUL, Sept. 17 (Korea Bizwire) — Hanwha Ocean Co. said Wednesday it has clinched a 1.93 trillion-won (US$1.47 billion) order from Taiwan’s YangMing Marine Transport Corp. to build seven liquefied natural gas (LNG) dual-fuel container ships. The vessels, each with a capacity of 15,880 twenty-foot equivalent units (TEUs), will be built at Hanwha’s Okpo Shipyard [...]
SEOUL, Sept. 17 (Korea Bizwire) — More than nine in 10 South Korean small and medium-sized enterprises (SMEs) employing foreign workers say they do so because it is nearly impossible to hire locals, according to a survey released Tuesday. The Korea Federation of SMEs said it polled 503 firms with more than 50 employees in [...]
SEOUL, Sept. 17 (Korea Bizwire) — South Korea is rolling out an ambitious blueprint to transform its manufacturing base with artificial intelligence, advanced semiconductors, and clean energy infrastructure, part of President Lee Jae-myung’s drive to position the country among the world’s top four manufacturing powers by the end of the decade. The Ministry of Trade, [...]
SEOUL, Sept. 16 (Korea Bizwire) — Hyundai Motor Group said Tuesday it will host a special technology-based exhibition in Seoul this week highlighting creative projects that explore the intersection of technology, art and mobility. The five-day event, named “2025 Zero1ne Day,” will run from Wednesday at the group’s multipurpose venue in eastern Seoul. It will [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s presidential office said Tuesday it will not be rushed into signing a trade agreement with Washington, cautioning that a deal struck hastily could undermine the interests of Korean companies at a delicate moment in negotiations. Talks have been ongoing since late July, when the two governments reached [...]
SEOUL, Sept. 16 (Korea Bizwire) — Nongshim Co., South Korea’s leading instant noodle maker, said Tuesday it will release a second batch of its popular Shin Ramyun product featuring characters from the global hit animated movie “KPop Demon Hunters” this week. The limited special product, part of a collaboration launched last month, comes in packs [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korean shares extended their record-breaking run on Tuesday, closing more than 1 percent higher on strong foreign inflows and a surge in chip stocks. The Korean won also strengthened sharply against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gained 42.31 points, or 1.24 percent, to [...]