SEOUL, July 7 (Korea Bizwire) — SKC Co., a chemical company under South Korea’s SK Group, said Friday it acquired a local semiconductor test equipment maker for 522.5 billion won (US$399 million) as it accelerates its push for a pivot to the manufacturing of semiconductor and battery components. SKC took over a 35.8 percent stake, [...]
SEOUL, July 7 (Korea Bizwire) — A growing number of South Koreans believe that there should be an increase in the number of immigrants entering the country, a poll showed Thursday. The state-run Migration Research and Training Center conducted a survey of 2,000 Koreans aged 19 and above. Among them, 41.9 percent expressed agreement with [...]
SEOUL, July 6 (Korea Bizwire) — ’Seoripool cooling chairs,’ also referred to as “air conditioning chairs,” are gaining attention as they offer relief to residents of Seocho District who wait for buses during scorching summer days. On July 6, Seocho District in Seoul announced a range of measures to enhance the quality of life in preparation [...]
SEOUL, July 5 (Korea Bizwire) — As domestic TV home shopping channels continue to struggle with a declining number of viewers, efforts are underway to retain viewers for as long as possible. In April, GS Shop introduced a special 20-minute program called “Late Night Hot Deal” during its Saturday prime time show, featuring a range [...]
SEOUL, July 5 (Korea Bizwire) — The number of apprehended drug offenders surged to a record high of 18,395 last year, driven by crimes among young people and foreigners, a prosecution report showed Wednesday. According to the 2022 white paper on drug crimes published by the Supreme Prosecutors Office, the figure marks an upsurge of [...]
SEOUL, July 5 (Korea Bizwire) — Pixar’s new animated film, “Elemental,” is beloved in South Korea despite disappointing box office scores in North America. The animated film has attracted 2.32 million moviegoers in South Korea as of Monday, the 20th day after its release, generating revenue of some 23 billion won (US$17.6 million). In other [...]
SEOUL, July 4 (Korea Bizwire) — A class action lawsuit has been filed against Samsung Electronics Co. and Best Buy in the United States over Samsung’s QLED 4K televisions, industry sources said Tuesday. The lawsuit was filed on Monday (U.S. time) by Ray Kim Law in California Central District Court. The suit alleges some Samsung [...]
SEOUL, July 4 (Korea Bizwire) — Samsung Biologics Co., the biotech arm of South Korea’s Samsung Group, said Monday it has sealed a combined US$1.08 billion partnership contracts with U.S. pharmaceutical giant Pfizer so far this year. The Korean company said it signed a new contract with Pfizer, a follow-up to the bilateral deal set [...]
SEOUL, July 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Tuesday their combined sales in the United States rose 9.9 percent in June from a year earlier on robust sales of SUVs and environment-friendly models. Last month, Hyundai and Kia sold 145,849 vehicles in the world’s most important automobile market, [...]
SEOUL, July 4 (Korea Bizwire) — South Korean credit card companies are expressing concerns about the potential cost burden as Samsung Electronics Co. considers turning its mobile payment service into a paid offering and implementing commissions on them. According to industry sources, Samsung is currently in talks with card issuers as its contracts with the [...]