SEOUL, Sept. 6 (Korea Bizwire) – Carmakers and battery manufacturers in South Korea on Friday expressed their commitment to cooperate with a newly announced set of government measures aimed at preventing spontaneous fires in electric vehicles. Under the plan announced earlier in the day, the government’s EV battery certification system that was scheduled to go [...]
SEOUL, Sept. 6 (Korea Bizwire) – In a concerning trend for South Korea’s once-dominant shipbuilding industry, Chinese competitors are rapidly gaining market share, aided by alleged industrial espionage and lenient court rulings in South Korea. The situation has raised alarms about the potential loss of South Korea’s world-leading position in the sector, particularly in the crucial [...]
WASHINGTON, Sept. 5 (Korea Bizwire) –The United States said Thursday that it is seeking new export controls on quantum computing, advanced semiconductor manufacturing equipment and other technologies, in what it called a national security measure that observers said would have limited ramifications on South Korean firms. The Commerce Department’s Bureau of Industry and Security released [...]
SEOUL, Sept. 6 (Korea Bizwire) – BMW Korea is maintaining a lead in South Korea’s imported vehicle market so far this year, industry data showed Friday, as main rival Mercedes-Benz Korea is faced with a brand reputation setback after a massive fire that broke out from one of its electric vehicles. According to the Korea [...]
SEOUL, Sept. 6 (Korea Bizwire) – A recent study by the Korea Consumer Agency has found that wearing a sports bra during exercise can reduce breast movement by 13 to 20 percent, potentially improving workout efficiency and preventing breast pain and injury. However, the agency notes that support and comfort levels vary significantly between products, emphasizing [...]
SEOUL, Sept. 6 (Korea Bizwire) – As inflation continues to squeeze household budgets, South Korean consumers are increasingly turning to budget-friendly options at convenience stores. CU, one of the country’s leading convenience store chains, reported a significant surge in sales of products priced under 1,000 won on September 5. The trend reflects a broader shift in [...]
SEOUL, Sept. 5 (Korea Bizwire) – Hyundai Motor Company has pulled back the curtain on its 2025 Ioniq 5 electric vehicle, a test version produced at its new manufacturing plant in Bryan County, near Savannah, Georgia. The unveiling, which took place on September 3 at a local dealership, marks a significant step in the South Korean [...]
SEOUL, Sept. 5 (Korea Bizwire) – In a move signaling strengthening ties between South Korea and the United States, Lee Jae-yong, the executive chairman of Samsung Electronics, met with a delegation of U.S. senators and the U.S. Ambassador to South Korea, Philip Goldberg, to discuss ways to boost business cooperation between the two countries. The meeting, [...]
SEOUL, Sept. 5 (Korea Bizwire) – As international travel demand surges, foreign airlines operating in South Korea are facing a consumer complaint rate three times higher than that of domestic carriers, according to a report released on September 4 by the Korea Consumer Agency (KCA). The KCA reported that from last year through the first half [...]
SEOUL, Sept. 4 (Korea Bizwire) – CJ Group announced on September 3 that it will gather 400 influential figures from the international art world for an event coinciding with the Frieze Seoul art fair. The event, titled “CJ Night in Celebration of Frieze Seoul,” is scheduled for the evening of September 4 at the Leeum Museum [...]