SEOUL, Aug. 7 (Korea Bizwire) — Samsung Electronics has secured two major deals with global tech giants Tesla and Apple, signaling a potential turnaround for its long-struggling System LSI and foundry divisions. The company recently landed a record-breaking 23 trillion won ($16.5 billion) order from Tesla, followed by confirmation that it will begin supplying image [...]
SEOUL, Aug. 7 (Korea Bizwire) — U.S.-made vehicles are gaining unprecedented traction in South Korea’s import car market, fueled largely by the surging popularity of Tesla and the easing of non-tariff trade barriers under recent Korea-U.S. trade negotiations. According to auto data firm CarIsYou Data Research Institute, 7,362 U.S.-made passenger vehicles were sold in South [...]
WASHINGTON, Aug. 7 (Korea Bizwire) – President Donald Trump said Wednesday that his administration will impose a 100% tariff on imported semiconductors, escalating trade tensions and raising fresh concerns for South Korean chipmakers such as Samsung Electronics Co. and SK hynix Inc. The tariff announcement came during a White House event highlighting Apple Inc.’s $100 billion [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s Ministry of Environment on Wednesday unveiled new regulatory exemptions aimed at promoting the recycling of lithium iron phosphate (LFP) batteries and electronic waste, as part of a broader push to support emerging green technologies. Under the country’s regulatory sandbox framework, which allows temporary exemptions from existing laws [...]
SEOUL, Aug. 6 (Korea Bizwire) — In a bold fusion of diplomacy and pop culture, South Korea’s Ministry of Agriculture, Food and Rural Affairs has drawn attention online by promoting an upcoming global food security summit with a viral video inspired by a hit Netflix animation. The ministry’s spokesperson, Jeon Han-young, dressed as “Abby,” a lion [...]
SEOUL, Aug. 6 (Korea Bizwire) — As environmental, social and governance (ESG) principles become more embedded in Korean business and society, a growing number of young consumers—particularly Generation Z—are aligning their purchasing behavior with personal values and ethical considerations. According to a recent survey released by the Korea Chamber of Commerce and Industry (KCCI) on [...]
SEOUL, August 5 (Korea Bizwire) — A wave of civil lawsuits has emerged in South Korea following the country’s first court ruling last month recognizing psychological damages linked to the controversial “December 3 Martial Law” plan, a move that has reignited public scrutiny over the failed emergency military order. According to legal sources, two separate [...]
SEOUL, Aug. 5 (Korea Bizwire) — Samsung Display Co. on Tuesday unveiled its new brand MONT Flex for foldable organic light-emitting diode (OLED) panels, highlighting its products’ durability and slimness. The South Korean display giant said the brand stands for “mechanically durable, opto-mechanically flat, narrow bezel enabling, and thin and light,” referring to the company’s [...]
Project aims to detect stress at genetic level before visible symptoms emerge SUWON, August 5 (Korea Bizwire) — South Korea’s Gyeonggi Provincial Agricultural Research and Extension Services has launched an ambitious initiative to develop an artificial intelligence-based system capable of predicting crop stress caused by extreme weather and pest outbreaks before symptoms are visible. Announced [...]
As tip jars quietly appear in restaurants, backlash grows against what many see as creeping Americanization of service culture SEOUL, August 4 (Korea Bizwire) — A growing number of South Koreans are voicing frustration over the appearance of tip boxes in local restaurants, igniting debate over whether a foreign practice should be grafted onto a [...]