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Allies’ Defense Chiefs Highlight Watertight Alliance Based on Full Extended Deterrence Against N. Korean Threats

Allies’ Defense Chiefs Highlight Watertight Alliance Based on Full Extended Deterrence Against N. Korean Threats

WASHINGTON, Nov. 3 (Korea Bizwire) — From bolstering deterrence cooperation to visiting a strategic U.S. air base, choreographed moves by the South Korean and U.S. defense chiefs sent an unmistakable message: Unceasing North Korean provocations will only reinvigorate the bilateral alliance. The message reverberated throughout Thursday, as Defense Minister Lee Jong-sup and his U.S. counterpart, Lloyd [...]

Education Ministry Prevents Students from Participating in Rallies Citing Itaewon Tragedy

Education Ministry Prevents Students from Participating in Rallies Citing Itaewon Tragedy

SEOUL, Nov. 4 (Korea Bizwire) — South Korean educational authorities are preventing students from participating in rallies, citing the Halloween crowd crush as an excuse, while attempting to restrict their everyday activities. Vice Education Minister Jang Sang-yoon held a meeting with the heads of regional education offices last Sunday, the day after the Itaewon disaster. [...]

Automotive Electronics Emerges as New Hope for Samsung, LG

Automotive Electronics Emerges as New Hope for Samsung, LG

SEOUL, Nov. 4 (Korea Bizwire) — Automotive electronics is emerging as a source of optimism for Samsung Electronics Co. and LG Electronics Inc. amid sluggish semiconductor and TV sales. Samsung’s subsidiary Harman International, a major maker of in-car entertainment systems and car audio equipment, posted sales of 3.63 trillion won and operating profits of 310 [...]

Imported Car Sales Rise 17 pct in Oct. amid Chip Shortage

Imported Car Sales Rise 17 pct in Oct. amid Chip Shortage

SEOUL, Nov. 3 (Korea Bizwire) – Sales of imported vehicles in South Korea jumped 35 percent last month from a year earlier despite the extended chip shortage, an industry association said Thursday. The number of newly registered foreign vehicles stood at 25,363 units last month, up from 18,764 units a year ago, the Korea Automobile [...]

Yongsan Ward Office to Provide Relief Payment to Foreign Victims of Itaewon Crush

Yongsan Ward Office to Provide Relief Payment to Foreign Victims of Itaewon Crush

SEOUL, Nov. 2 (Korea Bizwire) — The Yongsan Ward office began Wednesday to receive applications for disaster relief funds from families of foreign victims killed in the Itaewon crowd crush, officials said. The South Korean government is providing 20 million won (US$14,102) in relief assistance to victims, both Koreans and foreigners, of the Oct. 29 [...]

Hyundai Motor Group Showcases Future of Cities Through Virtual Exhibition

Hyundai Motor Group Showcases Future of Cities Through Virtual Exhibition

SEOUL, Nov. 1 (Korea Bizwire) — Hyundai Motor Group on Monday unveiled the results of its study on the future of cities featuring an organic connection of mobility, logistics, energy and nature through a virtual exhibition. The group developed the HMG Smart City reference model in collaboration with HyunJoon Yoo Architects. The reference model offers [...]

Social Media Urge Users to Refrain from Spreading Disturbing Footage, False Info on Itaewon Stampede

Social Media Urge Users to Refrain from Spreading Disturbing Footage, False Info on Itaewon Stampede

SEOUL, Oct. 30 (Korea Bizwire) — Social media and online portal operators in South Korea urged users Sunday to refrain from spreading disturbing video footage or ungrounded information about the deadly stampede at Itaewon that killed over 150 people. Kakao, the operator of No. 1 online messenger KakaoTalk, made the call in a notice to [...]

Sudden Crowd Surge at Narrow 4-meter-wide Downward Alley Blamed for Deadliest Stampede

Sudden Crowd Surge at Narrow 4-meter-wide Downward Alley Blamed for Deadliest Stampede

SEOUL, Oct. 30 (Korea Bizwire) — A sudden surge of Halloween crowds instantly packed a narrow 4-meter-wide downhill alley in Seoul’s Itaewon district, with hundreds left unable to move or escape, before some began to fall over and knock others down, resulting in the deadliest stampede in South Korea, witnesses and authorities said Sunday. At [...]