CHUNCHEON & SEOUL, July 16 (Korea Bizwire) — LG CNS, the digital transformation arm of LG Group, is stepping into the burgeoning insect industry with plans to construct a cutting-edge smart insect farm in Chuncheon, Gangwon Province, aimed at automating and digitizing the mass production of edible insects such as mealworms. The initiative marks the company’s [...]
SEOUL, July 16 (Korea Bizwire) — Samsung Group ranked 12th among international business brands in terms of generation of sustainability-related value this year, an industry report showed Wednesday. According to the report from Brand Finance, a British brand valuation consulting agency, Samsung’s sustainability perceptions value (SPV) for 2025 came to US$7.9 billion, up 17.7 percent [...]
SEOUL, July 16 (Korea Bizwire) — LG Innotek has unveiled its latest automotive innovation—a next-generation digital key solution that enhances vehicle security, driver convenience, and child safety through precision wireless communication and AI-powered features. At a technology showcase held on July 15 at its Seoul headquarters, LG Innotek demonstrated a range of functionalities enabled by [...]
SEOUL, July 16 (Korea Bizwire) — Hyundai Motor Co. on Wednesday launched an upgraded model of its ST1 electric van, enhancing convenience features and adding a new budget-friendly trim for the cargo model. First launched last year, the ST1 is equipped with a 76.1 kilowatt-hour (kWh) battery that offers a range of up to 317 [...]
SEOUL, July 16 (Korea Bizwire) — South Korea on Wednesday launched a task force to establish the so-called RE100 industrial complexes entirely powered by renewable energy sources, in a move aimed at addressing regional energy imbalances and accelerating the country’s energy transition, the industry ministry said. In its inaugural meeting, the task force discussed necessary [...]
SEOUL, July 16 (Korea Bizwire) — South Korean shipbuilder Hanwha Ocean Co. plans to establish a new overseas office in Canada as part of its efforts to strengthen its presence in the North American defense market, according to industry sources Wednesday. The company’s board of directors approved the plan to set up the Canadian office [...]
SEOUL, July 16 (Korea Bizwire) — A new study has revealed that the trading strategies of South Korea’s National Pension Service (NPS), which oversees more than 1,000 trillion won ($730 billion) in assets, can significantly affect market volatility and transaction costs—particularly when investments are outsourced to external managers. According to a report released Tuesday by [...]
SEOUL, July 16 (Korea Bizwire) — Im Seung-kwan, newly appointed as the fourth Commissioner of the Korea Disease Control and Prevention Agency (KDCA), pledged Monday to strengthen South Korea’s public health security infrastructure and position the agency as a central command hub for infectious disease crises. Speaking at his inauguration ceremony at KDCA headquarters in Osong, [...]
SEOUL, July 16 (Korea Bizwire) — As South Korea seeks to meet its 2035 carbon reduction targets, the government is considering the wide-scale adoption of heat pumps as a key strategy to cut greenhouse gas emissions in the building sector. But the plan has sparked debate over its practicality, cost, and fit with the country’s [...]
SEOUL, July 15 (Korea Bizwire) — Mercedes-Benz Korea on Monday unveiled the world’s first standalone brand center dedicated exclusively to its ultra-luxury Maybach line, highlighting South Korea’s growing importance as a key market for the German automaker. Located in Apgujeong-dong, Gangnam District, the newly opened Maybach Brand Center Seoul serves as both a showroom and service [...]