BUSAN, Aug. 22 (Korea Bizwire) – A Jin Air airplane bound for Vietnam returned home shortly after takeoff from the southeastern port city of Busan due to a bird strike, industry officials said Friday. The airplane departed Gimhae International Airport in Busan, some 320 kilometers southeast of Seoul, for Nha Trang at 7:55 p.m. Thursday, [...]
SEOUL, Aug. 22 (Korea Bizwire) — Starbucks Korea said Friday its total number of outlets is “on track” to top 2,100 by year-end, underscoring the U.S. coffee chain’s continued growth in Asia’s fourth-largest economy. The Seattle-based coffee giant opened its first store near Ewha Womans University in Seoul in 1999 through a partnership with local [...]
JEJU, Aug. 22 (Korea Bizwire) — In a bid to modernize one of South Korea’s most iconic agricultural industries, the Jeju Agricultural Research and Extension Services announced Friday it has formally introduced an artificial intelligence (AI) and 3D modeling system to predict tangerine harvests more accurately. For decades, yield forecasts for Jeju’s signature citrus crop relied [...]
SEOUL, Aug. 22 (Korea Bizwire) — The national postal service said Friday it plans to launch an affordable Express Mail Service (EMS) soon to help people continue sending parcels to the United States under a new tariff policy. The previous day, Korea Post said it will stop accepting non-document packages bound for the U.S. on [...]
SEOUL, Aug. 22 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. have partnered with South Korea’s leading battery producers — LG Energy Solution Ltd., Samsung SDI Co. and SK On Co. — to advance electric vehicle (EV) safety technologies, the companies said Friday. At Hyundai and Kia’s Namyang research and development (R&D) center in [...]
SEOUL, Aug. 22 (Korea Bizwire) — More than half of middle market enterprises (MMEs) in South Korea are calling for government-led financial and tax support to ease their burdens from U.S. reciprocal tariffs, a survey showed Friday. According to the Federation of Middle Market Enterprises of Korea (FOMEK), which conducted the survey on 123 exporting [...]
CHANGWON, Aug. 21 (Korea Bizwire) — At Hyundai Rotem’s test track in the southern city of Changwon last week, two K2 Black Panther tanks roared to life, spinning on the spot like soldiers in drill formation before surging down a straightaway at speeds of up to 70 kilometers per hour on paved roads. The demonstration came [...]
SEOUL, Aug. 21 (Korea Bizwire) — South Korea moved to curb speculative demand from overseas buyers on Thursday, designating nearly all of the greater Seoul area as a restricted zone for foreign land transactions. The Ministry of Land, Infrastructure and Transport announced that Seoul, 23 municipalities in Gyeonggi Province, and seven districts in Incheon will [...]
SEOUL, Aug. 21 (Korea Bizwire) — Shares of Doosan Enerbility, South Korea’s leading nuclear power equipment maker, tumbled amid controversy over a contract signed between Korea’s state-run utilities and U.S. nuclear giant Westinghouse Electric Co. (WEC), leaving retail investors bearing the brunt of the losses. According to the Korea Exchange on Thursday, Doosan Enerbility’s stock [...]
SEOUL, Aug. 21 (Korea Bizwire) — Euisun Chung, the executive chair of Hyundai Motor Group, has highlighted the role of customers in the group’s growth and the future of the mobility industry in an interview with a leading U.S. automotive media outlet published Thursday. The interview with Automotive News was conducted on the occasion of [...]