SEOUL, Aug. 12 (Korea Bizwire) — The average age of chief executive officers (CEOs) at South Korea’s largest companies has fallen below 60 for the first time, signaling a shift toward younger leadership in the country’s corporate landscape, according to new industry data released Tuesday. The latest figures from corporate tracker Leaders Index show that the [...]
SEOUL, Aug. 11 (Korea Bizwire) — Hana Bank, a major commercial bank in South Korea, has partnered with Circle, which manages USDC, a cryptocurrency stablecoin pegged to the U.S. dollar, in a bid to explore stablecoin business opportunities, officials said Monday. The partnership stems from a comprehensive business agreement signed between the two companies in [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea and Vietnam will work to expand bilateral cooperation in the energy industry, including renewable energy and nuclear power, as the two countries aim to bolster ties in trade, security and other sectors, Seoul officials said Monday. The countries’ industry ministries signed a memorandum of understanding (MOU) to [...]
SEOUL, Aug. 11 (Korea Bizwire) — Seoul’s central bank said Monday it has signed a renewed memorandum of understanding (MOU) with its Vietnamese counterpart, the State Bank of Vietnam, to promote bilateral partnership. The updated MOU, initially signed in 2004, aims to deepen cooperation in various areas between the two central banks, including monetary policy [...]
JEONJU, Aug. 11 (Korea Bizwire) — A fully automated dairy farm powered by robots and artificial intelligence (AI) is set to be established in Jeollabuk-do, South Korea. The Jeollabuk-do Livestock Research Institute announced on Monday that it will launch the “Robot and AI-based Animal Welfare Future Farm and Joint Research Project,” aiming to revolutionize dairy [...]
SEOUL, Aug. 11 (Korea Bizwire) — In response to growing demand for enhanced comfort at a more affordable price point, South Korean airlines are increasingly introducing ‘premium economy’ seating, positioned between economy and business class. This new seating option provides more spacious accommodations and upgraded services, catering to passengers seeking better value without the high cost [...]
SEOUL, Aug. 10 (Korea Bizwire) — Following the recent U.S.-South Korea trade agreement, South Korea’s shipbuilding stocks have seen a significant rise, propelling related exchange-traded funds (ETFs) to top performance rankings. The surge in stock prices has drawn substantial interest from individual investors, sparking speculation on whether the upward trend will continue. As of August 8, [...]
SEOUL, Aug. 10 (Korea Bizwire) — Hyundai Motor Group has emerged as the world’s second-most profitable automaker in the first half of 2025, surpassing Germany’s Volkswagen Group, despite facing challenges like U.S. tariffs and global supply chain disruptions. According to the Korea Automotive Research Institute’s analysis, Hyundai sold 3.65 million vehicles globally in the first half [...]
SEOUL, Aug. 10 (Korea Bizwire) — Genesis, the independent luxury auto brand of South Korea’s Hyundai Motor Group, said Sunday that it has officially entered the Egyptian market, marking its debut in the broader Middle East and Africa region. Genesis held a launch event in Egypt on Thursday (local time) and opened its first permanent showroom [...]
SEOUL, Aug. 8 (Korea Bizwire) — Hyundai Rotem Co., the rolling stock unit of South Korea’s Hyundai Motor Group, said Friday it has delivered the first batch of trams to the city of Edmonton in Canada under a 2021 supply deal. The initial batch is part of a 218.8 billion-won (US$157.3 million) contract signed in [...]