SEOUL, Aug. 16 (Korea Bizwire) — Celltrion Inc., a South Korean biopharmaceutical firm, said Friday it has decided not to merge with its chemical drug-producing affiliate, Celltrion Pharm Inc., as shareholders disagreed on the planned merger. The decision was made in board meetings of the two companies held earlier in the day, Celltrion said. In [...]
SEOUL, Aug. 15 (Korea Bizwire) – As concerns mount following an electric vehicle fire in an underground parking garage in Incheon, South Korean automakers and importers are taking steps to increase transparency about the batteries powering their vehicles. In response to government recommendations, several companies have begun publicly disclosing details about their battery suppliers. Volkswagen Group [...]
SEOUL, Aug. 15 (Korea Bizwire) – In a blend of corporate social responsibility and patriotic observance, Domino’s Pizza marked Korea’s Liberation Day by distributing free pizzas to staff and visitors at the Daejeon National Cemetery on August 15. The pizza chain deployed its food truck, known as the “party car,” to the cemetery, which serves as [...]
SEOUL, Aug. 15 (Korea Bizwire) – The transportation ministry unveiled a set of new safety measures Thursday to prevent in-flight accidents caused by frequent air turbulence. According to the guidelines by the Ministry of Land, Infrastructure and Transport, air carriers have to establish standard procedures for suspending cabin services, such as in-flight meals and duty-free [...]
SEOUL, Aug. 15 (Korea Bizwire) — Nearly 85 percent of the counterfeit goods seized by South Korean customs authorities in the first half of this year originated from China, data showed Thursday. The value of these fake goods, uncovered between January and June, totaled 93.4 billion won (US$68.6 million), with 83.6 percent, or 78.1 billion [...]
SEOUL, Aug. 15 (Korea Bizwire) – In a bold move amid growing concerns over electric vehicle safety, Swedish automaker Polestar has introduced its latest model to the South Korean market. The company is leveraging its spotless safety record to distinguish itself from competitors, particularly in light of a recent fire involving a Mercedes-Benz electric vehicle in [...]
SEOSAN, Aug. 15 (Korea Bizwire) – In the wake of recent electric vehicle (EV) fires, local governments across South Korea’s South Chungcheong Province are rushing to implement safety measures, marking a shift from their previous focus on promoting EV adoption through subsidies. The city of Seosan is at the forefront of these efforts. City officials said [...]
ULLEUNG, Aug. 14 (Korea Bizwire) – Recent incidents of electric vehicle (EV) fires have prompted ferry operators serving Ulleung Island, a popular tourist destination off South Korea’s east coast, to implement new restrictions on EV transportation. According to local authorities in Ulleung County, North Gyeongsang Province, H Shipping Company announced on August 13 that it would [...]
SEOUL, Aug. 14 (Korea Bizwire) – More foreign automotive brands on Wednesday disclosed battery supplier information of their electric vehicle models sold in South Korea, the latest in a series of disclosures amid safety concerns of EVs triggered by a massive vehicle fire earlier this month. On Aug. 14, Volkswagen Group Korea, the importer of [...]
DAEJEON, Aug. 14 (Korea Bizwire) – In a significant breakthrough for energy storage technology, researchers at the Korea Institute of Energy Research have developed a new battery material capable of functioning in temperatures as low as -20 degrees Celsius, the institute announced on August 13. Traditionally, graphite has been the go-to material for anodes in lithium-ion [...]