SEOUL, Apr. 29 (Korea Bizwire) – A public-private consultative body will convene on April 29 to explore collaborative strategies in anticipation of the impending 2026 ban on bear farming and bile extraction, the Ministry of Environment announced on April 28. Attending the meeting will be representatives from the Ministry of Environment, the Korea National Park Service, [...]
SEOUL, Apr. 26 (Korea Bizwire) – Baemin (Baedal Minjok), South Korea’s leading food delivery platform, is launching a new subscription service called “Baemin Club” that will provide unlimited discounts on delivery fees. The announcement was made on Tuesday by Woowa Brothers, the company that operates Baemin. The primary benefits of the subscription include free delivery fees [...]
SEOUL, Apr. 26 (Korea Bizwire) — POSCO Future M Co., the battery materials unit of POSCO Holdings Inc., said Friday it will set up a joint venture (JV) with Honda Motor Co. in Canada mainly for the supply of a core battery material to the Japanese carmaker. The two companies have signed a memorandum of [...]
SEOUL, Apr. 26 (Korea Bizwire) – A groundbreaking new labeling technology that prevents forgery and counterfeiting by engraving information instead of using adhesive stickers has been developed by a team of researchers in South Korea, according to an announcement by the Ministry of Science and ICT. The research, led by professor Rho Junsuk of the Pohang [...]
SEOUL, Apr. 26 (Korea Bizwire) – Hyundai Motor Company has announced plans to manufacture hybrid vehicles at its upcoming electric vehicle (EV) plant in Georgia, United States, scheduled to commence operations in the latter half of this year. During a conference call discussing the company’s first-quarter earnings on April 25, Lee Seung Jo, Head of Hyundai’s [...]
SEOUL, April 25 (Korea Bizwire) – A major Japanese internet company partly owned by Naver, South Korea’s biggest web portal, is facing pressure from Tokyo to strip the Korean tech firm of its controlling stake after a data breach last year, an extraordinarily aggressive move that threatens to upend a rare alliance between corporate giants from [...]
SEOUL, April 25 (Korea Bizwire) – A significant number of migrant workers in South Korea have experienced wage theft, with the average amount owed surpassing 6 million won according to a recent government study. The report, titled “Research Study on the Current Situation of Wage Arrears for Migrant Workers and Remedies,” was commissioned by the National [...]
SEOUL, April 25 (Korea Bizwire) – South Korea’s government has finalized its blueprint to establish global leadership in three pivotal areas it deems “game changers” for the future: artificial intelligence semiconductors, advanced biotechnology and quantum technology. The Presidential Advisory Council on Science & Technology, the nation’s top decision-making body for science and technology issues chaired by [...]
SEOUL, April 25 (Korea Bizwire) — South Korea will launch an initiative to become one of three leading nations in the so-called game-changer industries that include artificial intelligence (AI) chip, advanced biology and quantum technologies by 2030, the science ministry said Thursday. The Presidential Advisory Council on Science & Technology held a meeting and decided [...]
SEOUL, Apr. 25 (Korea Bizwire) – A national survey on reforming South Korea’s pension system found that a proposal to raise contributions in exchange for higher payouts was most popular among those in their 40s and 50s, while younger Koreans were more reluctant to increase their payments, highlighting a generational divide. The results from the citizen [...]