JEJU, South Korea, Sept. 3 (Korea Bizwire) — Jeju Island, already home to the nation’s first carbon-free “RE100 eggs,” has introduced another sustainability milestone: milk produced entirely with renewable energy. On Wednesday, Jeju Milk, an agricultural company based on the island, officially launched South Korea’s first RE100-certified milk, marking a significant step toward carbon neutrality in livestock [...]
SEOUL, Sept. 3 (Korea Bizwire) — BYD’s debut passenger model in South Korea, the Atto 3, has received a disappointing safety rating in the nation’s official crash and safety assessments, dealing a setback to the Chinese automaker as it seeks to expand in one of the world’s most competitive car markets. The Korea Transportation Safety Authority [...]
SEOUL, Sept. 3 (Korea Bizwire) — The state-run Korea Hydro & Nuclear Power (KHNP) said Wednesday it has signed a memorandum of understanding (MOU) with the Serbian government to expand cooperation in the nuclear energy and hydrogen sectors. Under the MOU, KHNP will join hands with Serbia’s Ministry of Mining and Energy to lay ground [...]
SEOUL, Sept. 3 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s leading auto parts company, said Wednesday it will participate in the upcoming IAA Mobility 2025, Europe’s largest auto show held in Germany, to present its future mobility vision and technologies. The auto parts unit of Hyundai Motor Group will showcase more than 20 technologies [...]
SEOUL, Sept. 3 (Korea Bizwire) — South Korea’s major discount store chain Homeplus Co. said Wednesday it will close 15 stores by December while cutting operating hours at others as part of belt-tightening efforts by the ailing retail company. Under the plan, Homeplus will shut five locations in mid-November and 10 others in December, the [...]
SEOUL, Sept. 3 (Korea Bizwire) — Hyundai Motor on Tuesday unveiled teaser images of its first compact concept under the Ioniq electric vehicle lineup, signaling a bold push into the small EV market as it prepares for a global debut at next month’s IAA Mobility 2025 in Munich. The model, called Concept Three, adopts [...]
SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s flagship carmakers and shipbuilders are facing waves of strikes as labor negotiations falter, highlighting rising tensions over wages, retirement policies and corporate restructuring at a time of global economic uncertainty. At Hyundai Motor, the company’s union staged its first walkout in seven years, launching a series of partial [...]
SEOUL, Sept. 2 (Korea Bizwire) — Once a niche Japanese tea, matcha has surged into the global mainstream, embraced by younger consumers seeking both flavor and wellness. From convenience-store desserts and cocktails to luxury fashion and beauty, the powdered green tea has become a cultural and commercial phenomenon. In South Korea, convenience chain CU announced on [...]
SEOUL, Sept. 2 (Korea Bizwire) — Two of the world’s leading luxury houses are taking their competition from the runway to the restaurant table in one of Seoul’s most fashionable districts. Gucci will open its newly relocated and revamped restaurant, Gucci Osteria da Massimo Bottura Seoul, on Tuesday inside its Cheongdam flagship store. The venture, [...]
SEOUL, Sept. 2 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering (HD KSOE) Co., a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai Co., launched its first vessel construction project in the Philippines on Tuesday, the company said. The company held a steel-cutting ceremony at HD Hyundai Subic Shipyard in Subic [...]