JEJU, July 3 (Korea Bizwire) — In a rare opening to the public, South Korean authorities on Saturday unveiled Baekrok Spring, the country’s highest natural spring located near the summit of Mount Hallasan on Jeju Island. Situated at 1,675 meters above sea level, the spring had never before been accessible to civilians due to its remote location [...]
SEOUL, July 4 (Korea Bizwire) — Samsung Electronics will significantly reduce performance bonuses for its semiconductor division in the first half of 2025, reflecting continued weakness in its foundry and NAND flash businesses. According to an internal announcement made on July 4, employees in the Device Solutions (DS) division — responsible for the company’s semiconductor [...]
SEOUL, July 4 (Korea Bizwire) — As Squid Game Season 3 dominates global viewership charts, the series has once again sparked controversy in China, where Netflix is not officially available. Despite the platform’s absence, the latest season has garnered tens of thousands of reviews and ratings on Douban, China’s largest user-generated content site, pointing to [...]
SEOUL, July 1 (Korea Bizwire) — Hanwha Ocean Co. said Tuesday it has been selected as the preferred bidder to construct South Korea’s next-generation icebreaking research vessel, which is expected to significantly enhance the country’s polar exploration capabilities. The shipbuilder was selected as the preferred bidder for the project led by the Ministry of Oceans [...]
SEOUL, July 1 (Korea Bizwire) — South Korea’s two largest electronics giants, Samsung Electronics and LG Electronics, are aggressively expanding their heating, ventilation, and air conditioning (HVAC) businesses in Europe through high-profile acquisitions, aiming to align with the European Union’s carbon-neutral policies and tap into a rapidly growing market. LG Electronics announced this week it has [...]
SEOUL, June 30 (Korea Bizwire) — LG Electronics Inc., South Korea’s leading home appliance maker, said Monday it has acquired a Norwegian hot water storage company to strengthen its foothold in the European air and water heating markets. The company said it acquired a 100 percent stake in OSO Group AS, a firm known for [...]
SEOUL, June 30 (Korea Bizwire) — Elderly drivers were responsible for over one in five traffic accidents in South Korea last year, a record high that has reignited debate over delayed safety reforms ahead of the first anniversary of a deadly wrong-way driving incident in central Seoul. According to new data from the Korea Road Traffic [...]
SEOUL, June 30 (Korea Bizwire) — The number of in-home care facilities serving elderly South Koreans has nearly quadrupled over the past five years, reflecting a growing preference among seniors to receive medical and support services at home rather than in institutional settings. According to data released Saturday by the Ministry of Health and Welfare, [...]
DAEJEON, June 27 (Korea Bizwire) — KAIST researchers have developed a new catalytic method to convert waste tires into high-purity cyclic alkenes—valuable chemical precursors for rubber and nylon—offering a promising solution to one of the most persistent recycling challenges. Announced on Thursday, the breakthrough comes from a team led by Professor Hong Soon-hyuk, which successfully [...]
SEOUL, June 26 (Korea Bizwire) — The government convened a consultative meeting with the private sector Thursday to discuss the development of quantum technology amid an intensifying global race to secure a future game changer across economic and security domains, the finance ministry said. The consultative body, led by the Ministry of Economy and Finance, [...]