SEOUL, Nov. 25 (Korea Bizwire) — A new joint venture between South Korea’s Shinsegae Group and China’s Alibaba International has begun operations with major year-end promotions, signaling the start of what many in the retail sector expect will be a reshaping of the country’s e-commerce landscape. Grand Opus Holdings, the JV formed by the two companies, [...]
SEOUL, Nov. 25 (Korea Bizwire) — Samsung Group’s bio venture fund will invest in Chinese biotech firm Phrontline Biopharma as part of the group’s broader strategy to expand partnerships in antibody-drug conjugates (ADCs), the group said Tuesday. The investment fund will come from Life Science Fund, created jointly between Samsung Biologics Co., Samsung Bioepis Co. [...]
SEOUL, Nov. 25 (Korea Bizwire) — Hyundai Motor Group has signed a memorandum of understanding (MOU) with Michelin Corp. to accelerate their partnership in next-generation tire technology development, extending their ties first established through previous MOUs in 2017 and 2022, the automaker said Tuesday. Under the new three-year MOU, the two companies will seek joint [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea will gain new regional air links to the United Arab Emirates under a fresh aviation agreement reached on the sidelines of an international transport conference, the government said Sunday, marking a significant expansion of routes between the two countries. At the International Civil Aviation Organization’s Air Services Negotiation [...]
SEOUL, Nov. 24 (Korea Bizwire) — The government said Monday it plans to launch an information and price comparison platform for agricultural products that is powered by artificial intelligence (AI) next year as part of its broader effort to adopt AI-based public services. At the inaugural meeting of a new government consultation group consisting of [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s exports of dried seaweed, known as gim, surpassed $1 billion for the first time this year, buoyed by rising global demand and strengthened production capacity, the Ministry of Oceans and Fisheries said Sunday. As of Nov. 20, exports reached $1.015 billion, up 13.2 percent from a year earlier [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s kimchi exports are expected to hit an all-time high this year amid rising global demand for Korean food, customs data showed Monday. Overseas sales of kimchi, a traditional Korean side dish typically made from cabbage, reached US$137.39 million in the first 10 months of 2025, up 2 [...]
SEOUL, Nov. 24 (Korea Bizwire) — SK earthon Co., a South Korean oil exploration and production (E&P) company, said Monday it has acquired a stake in a potential oil block in Indonesia as part of its efforts to expand overseas E&P activities. SK earthon said it has taken over a 34 percent stake in the [...]
SEOUL, Nov. 24 (Korea Bizwire) — Genesis, the luxury marque of Hyundai Motor Group, has been named the “Best Luxury Brand” by U.S. News & World Report, the company said Sunday, marking a major milestone as it continues to elevate its global profile. The recognition comes as the American media outlet announced winners across six categories—luxury, [...]
SEOUL, Nov. 22 (Korea Bizwire) — Hyundai Motor’s compact electric vehicle, the Casper Electric — marketed in Europe as the Inster — is rapidly emerging as a standout in Germany’s increasingly competitive small EV market, earning one of the country’s most prestigious automotive honors. The company announced on Friday that the Casper Electric has been named [...]