SEOUL, Feb. 14 (Korea Bizwire) – Hyundai Motor Co. said Friday it will accept preorders for a custom-built high-performance edition of the company’s Ioniq 5 electric vehicle (EV), of which only 50 units will be sold globally. Preorders for the Ioniq 5 N DK edition are available via the automaker’s N Performance Shop, an online [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korean gaming giant NCSoft has found itself in a financial crisis, posting its first annual operating loss in 26 years. The company reported an operating loss of 109.2 billion won ($75 million) for 2024, marking its first negative earnings since 1998. Revenue fell by 11.3% to 1.58 trillion [...]
WASHINGTON, Feb. 14 (Korea Bizwire) – The absence of a fully elected leader in South Korea poses a “danger” to Seoul’s efforts to address U.S. President Donald Trump’s push for tariffs, an expert said Thursday, stressing the importance of leader-to-leader engagement to neutralize the impact of those planned or proposed duties. Victor Cha, president of [...]
ULSAN, South Korea, Feb. 14 (Korea Bizwire) — A team of South Korean researchers has developed a groundbreaking diagnostic technique that can detect lung cancer using only a few drops of blood. Scientists at the Ulsan National Institute of Science and Technology (UNIST) announced on February 13 that they have created EV-CLIP, a technology capable of [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s gaming industry saw a stark divide in financial performance for 2024, with companies’ fortunes hinging on the success of their overseas ventures. While Nexon and Krafton cemented their dominance, NCSoft faced restructuring, and Netmarble showed signs of recovery after years of losses. According to year-end earnings reports released [...]
SEOUL, Feb. 13 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering (HD KSOE) unveiled a nuclear-powered container ship model featuring small modular reactor (SMR) technology at the Houston Marine Nuclear Summit on February 12, the company announced on February 13. Unlike conventional vessels, nuclear-powered ships do not require exhaust systems or fuel tanks, a design [...]
SEOUL, Feb. 13 (Korea Bizwire) — As South Korean semiconductor manufacturers pivot toward high-bandwidth memory (HBM) chips in the artificial intelligence era, they face mounting uncertainties from aggressive Chinese competition and potential tariffs threatened by U.S. President Donald Trump. While analysts suggest that tariff impacts may be limited given the relatively small share of semiconductor exports [...]
SEOUL, Feb.12 (Korea Bizwire) — The government said Wednesday it seeks to amend a law to place teachers with mental disorders on compulsory leave, following a fatal stabbing of an 8-year-old student by a school teacher that shocked the nation this week. Education Minister Lee Ju-ho announced the plan during a meeting of top education [...]
SEOUL, Feb. 12 (Korea Bizwire) — Samsung Electronics has launched a new 55-inch OLED TV equipped with advanced artificial intelligence (AI) capabilities, the company announced on February 12. The latest model, part of Samsung’s 2025 TV lineup, integrates a suite of AI-driven features designed to enhance user convenience, home automation, and entertainment experiences. A standout feature, [...]
SEOUL, Feb. 12 (Korea Bizwire) — The Korea Transportation Safety Authority (KTSA) reported on February 11 that approximately 70% of elderly drivers felt they received more courteous treatment and right-of-way considerations from other drivers after displaying “Senior Driver” signs on their vehicles. The initiative, launched in September last year in Busan, aimed to promote a more [...]