SEOUL, Jan. 13 (Korea Bizwire) — South Korea will begin a large-scale push to convert livestock waste into renewable energy, seeking to cut greenhouse gas emissions while reducing environmental burdens from animal farming. The Ministry of Agriculture, Food and Rural Affairs said Monday that it will expand the use of solid fuel made from livestock manure, [...]
SEOUL, Jan. 12 (Korea Bizwire) — Hyundai Motor Group’s autonomous driving joint venture Motional plans to launch a fully driverless robotaxi service in Las Vegas later this year, marking a long-awaited commercial milestone after years of heavy investment and development. At a media event held this month at its Las Vegas technical center, Motional said it [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s newspaper industry posted record revenues in 2024, surpassing 5 trillion won for the first time, driven largely by the rapid expansion of online outlets, according to a new industry survey released Monday. But the milestone masked deepening polarization, with a small number of large publishers capturing the bulk [...]
SEOUL, Jan. 12 (Korea Bizwire) – Genesis, the independent luxury brand of Hyundai Motor Group, on Monday launched an updated lineup of the G70 sedan, which includes a new performance-enhanced Graphite Edition trim, the automaker said. For refreshed G70 and G70 Shooting Brake trims, Genesis made the previous Comfort Package configuration standard, which includes a [...]
SEOUL, Jan. 12 (Korea Bizwire) – Ordering a temporary suspension of business operations at e-commerce giant Coupang Corp. may be possible, the head of South Korea’s antitrust watchdog said Monday, amid an ongoing investigation over a recent large-scale data breach at the U.S.-listed company. “If an order is not implemented or if it is deemed [...]
SEOUL, Jan. 12 (Korea Bizwire) — Genesis, Hyundai Motor Group’s luxury brand, is rapidly reshaping the U.S. premium car market, overtaking established rivals and narrowing the gap with long-dominant players after a decade of steady expansion. According to Automotive News, Genesis sold 82,331 vehicles in the United States last year, surpassing Infiniti, which recorded sales of [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s advertising market continued its shift toward digital platforms in 2024, with online ad spending rising sharply while traditional broadcast advertising declined, according to a joint report released Thursday by regulators and industry officials. Data from the Korea Communications Commission and the Korea Broadcast Advertising Corporation showed that online [...]
SEOUL, Jan. 9 (Korea Bizwire) – South Korea launched an interagency team Friday to coordinate efforts ahead of anticipated negotiations with the United States on its bid to secure uranium enrichment and spent fuel reprocessing capabilities for peaceful use, officials said. The pangovernment consultative group comes as Washington has given Seoul the green light to [...]
SEOUL, Jan. 9 (Korea Bizwire) – South Korea posted its largest-ever current account surplus for any November, supported by strong exports amid an upcycle in the semiconductor industry, central bank data showed Friday. The country’s current account surplus totaled US$12.24 billion in November, up sharply from $6.81 billion a month earlier, according to the data [...]
SEOUL, Jan. 9 (Korea Bizwire) — Registrations of diesel vehicles in South Korea fell below 100,000 for the first time last year, underscoring the rapid retreat of a powertrain that once dominated the market as the country accelerates its shift toward low-carbon transportation. According to data released Wednesday by Kaiz You Data Research Institute, a total [...]