SEOUL, Nov. 15 (Korea Bizwire) – In response to ongoing inflation, South Korean consumers are expected to evolve beyond simple cost-cutting measures to adopt more sophisticated “wiser wallets” spending patterns in the coming year, according to a new global consumer trends report. The “2025 Global Consumer Trends Report,” released on November 14 by global data analytics [...]
SEOUL, Nov. 15 (Korea Bizwire) — Hyundai Motor Co. said Friday it has donated eight Ioniq 5 electric vehicle (EV) units and EV-charging infrastructure funds to the United Nations World Food Programme (WFP) as part of its strategic partnership with the humanitarian aid agency. A hand-over ceremony was held at WFP’s fleet center in Dubai [...]
SEOUL, Nov. 15 (Korea Bizwire) — Hyundai Motor Co. on Friday promoted Jose Munoz, the company’s global chief operating officer (COO), as its new CEO, appointing a foreign national to the top post for the first time since its foundation more than five decades ago. Munoz has served as global COO of Hyundai Motor and [...]
SEOUL, Nov. 15 (Korea Bizwire) — Samsung Engineers & AHEAD (Samsung E&A), formerly Samsung Engineering Co., said Friday it has received a 301.9 billion-won (US$215 million) deal to build a petrochemical plant in Qatar. Samsung E&A has set up a joint firm with Taiwan’s engineering services provider CTCI Corp. to obtain the deal from Ras [...]
ANDONG, Nov. 15 (Korea Bizwire) – North Gyeongsang Province announced on November 14 a comprehensive “Maritime and Fisheries Transformation” plan aimed at revitalizing its East Sea coastal fishing industry and leisure tourism sector. The ambitious initiative includes a significant shift in aquaculture strategy, with plans to invest 140 billion won through 2030 to transition from traditional [...]
SEOUL, Nov. 14 (Korea Bizwire) – CJ CheilJedang’s Bibigo brand is set to launch a global collaboration with Netflix’s hit series “Squid Game” Season 2, marking a significant partnership between South Korea’s leading food brand and entertainment content. The food giant announced on November 14 that the collaborative campaign will roll out across 14 countries, including [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korean shipyards appear upbeat over potential opportunities to expand their business in America after U.S. President-elect Donald Trump’s call for more bilateral cooperation in the sector. In his phone conversation with South Korean President Yoon Suk Yeol following his election victory last week, Trump said the U.S. seeks to work [...]
SEOUL, Nov. 14 (Korea Bizwire) – Samsung Group shares, long considered a cornerstone of South Korean investing, continued their downward trajectory as foreign and institutional investors led a significant selloff, while retail investors moved to buy the dip. Market analysts suggest that despite current undervaluation, a quick recovery appears unlikely. On November 13, Samsung Electronics closed [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea has kicked off a new energy storage facility in the southeastern port city of Ulsan, which will serve as a key energy hub for the country, the industry ministry said Thursday. The Korea Energy Terminal, located 308 kilometers south of Seoul, has begun its commercial operation with [...]
SEOUL, Nov. 14 (Korea Bizwire) — Kia Corp. said Thursday it has signed a tentative agreement with DHL Korea Ltd. to supply its PV5 mid-sized electric cargo vehicles to the logistics firm from 2026. Under the memorandum of understanding signed Wednesday, Kia will begin supplying the PV5, the first in the company’s electric purpose built [...]