SEOUL, May 8 (Korea Bizwire) — HD Hyundai is embarking on a pioneering effort to develop South Korea’s first humanoid robot specialized in welding, teaming up with leading AI and robotics companies to advance automation in shipbuilding. The company announced Wednesday that its subsidiaries — HD Korea Shipbuilding & Offshore Engineering and HD Hyundai Robotics — [...]
SEOUL, May 7 (Korea Bizwire) — In a bid to bolster protections against stalking and gender-based violence, Seoul’s Seocho District announced Monday the full-scale rollout of its upgraded “Seoripul Safety Button” program, along with a complementary home security initiative. The “Seoripul Safety Button” is a keychain-style whistle embedded with an SOS emergency alert system. When activated [...]
SEOUL, May 7 (Korea Bizwire) — South Korean households raising infants and toddlers spend significantly less on adult leisure and cultural activities than their childless peers, highlighting the personal sacrifices many parents make in the early years of childrearing. According to a new report released Tuesday by the Korea Institute of Child Care and Education, the [...]
SEOUL, May 7 (Korea Bizwire) — Surging gold prices have ignited a wave of investor enthusiasm in South Korea, pushing gold-linked bank deposits to record highs and triggering a nationwide shortage of physical gold bars. According to data from major South Korean banks, gold banking balances — which allow investors to buy and sell gold through [...]
SEOUL, May 6 (Korea Bizwire) — South Korea’s beauty industry continues its explosive global ascent, with overseas direct purchases of Korean cosmetics and perfumes — commonly referred to as K-beauty — nearly doubling in 2024 to approach $1 billion, according to newly released customs data. The Korea Customs Service, in data submitted to Rep. Park Sung-hoon [...]
SEOUL, May 6 (Korea Bizwire) — South Korean e-commerce giant Coupang, Inc. said Tuesday it has launched an English interface for its mobile application to better cater to its foreign customers shopping online. The English interface will enable users to view functions central to the app, including product search, product descriptions, order information and payment, [...]
SEOUL, May 5 (Korea Bizwire) — South Korean investors are turning their attention from traditional tech giants to artificial intelligence (AI) leaders, with U.S.-based software firm Palantir Technologies now surpassing Apple in Korean-held investment value. According to data released by the Korea Securities Depository, as of April 30, domestic investors held $4.26 billion (approximately 6 trillion [...]
SEOUL, May 5 (Korea Bizwire) — A month after South Korea fully reinstated short selling across all listed stocks, expectations that foreign investors would return to the domestic market have yet to materialize, despite signs of market resilience and easing volatility. According to data from the Korea Exchange, total short-selling turnover on the KOSPI and KOSDAQ [...]
SEOUL, May 5 (Korea Bizwire) — Samsung Electronics and LG Electronics are seeing robust growth in their automotive electronics divisions, with first-quarter earnings from these units matching or even surpassing those from their flagship home appliance and television businesses—a sign of accelerating transformation in both firms’ business portfolios. According to industry data released on May 4, [...]
INCHEON, May 2 (Korea Bizwire) — As dusk settled over Songdo’s Moonlight Festival Park, the stage lights snapped on like a thunderclap, and the crowd of 25,000 braced themselves. Then came that riff — snarling, iconic — and a voice roared out into the open night: “You are in the jungle, baby!” With that, Guns N’ [...]