SEOUL, Aug. 8 (Korea Bizwire) — A report released on Friday suggests that the focus of South Korean companies should shift towards the potential tariffs on IT electronics such as smartphones and PCs, rather than solely on semiconductors, in light of ongoing U.S. tariff discussions. Kim Rok-ho, an analyst at Hana Securities, noted that while [...]
SEOUL, Aug. 7 (Korea Bizwire) — Samsung Electronics is doubling down on its health-focused wearables, unveiling increasingly sophisticated sensor technologies for its Galaxy Watch line—some of which have even been used to monitor astronauts in space. According to the company, its latest model, the Galaxy Watch8, represents the culmination of more than a decade of [...]
SEOUL, Aug. 7 (Korea Bizwire) — The government on Thursday announced a series of measures aimed at boosting consumer sentiment in non-metropolitan regions as part of its broader economic stimulus plan. Under the latest plan, consumers who spend 50,000 won (US$36) or more using credit cards at small businesses outside the capital area, such as [...]
SEOUL, Aug. 7 (Korea Bizwire) — Samsung Electronics has secured two major deals with global tech giants Tesla and Apple, signaling a potential turnaround for its long-struggling System LSI and foundry divisions. The company recently landed a record-breaking 23 trillion won ($16.5 billion) order from Tesla, followed by confirmation that it will begin supplying image [...]
SEOUL, Aug. 7 (Korea Bizwire) — A government-issued consumer relief program aimed at boosting local spending is sparking a lively debate in South Korea—not over its effectiveness, but over who should control the funds when recipients are underage. The controversy centers on “Livelihood Recovery Coupons” distributed to minors, which are legally collected by the head [...]
SEOUL, Aug. 7 (Korea Bizwire) — U.S.-made vehicles are gaining unprecedented traction in South Korea’s import car market, fueled largely by the surging popularity of Tesla and the easing of non-tariff trade barriers under recent Korea-U.S. trade negotiations. According to auto data firm CarIsYou Data Research Institute, 7,362 U.S.-made passenger vehicles were sold in South [...]
SEOUL, Aug. 7 (Korea Bizwire) — Hyundai Motor Company and General Motors announced plans on Thursday to jointly develop five new vehicles as part of a sweeping strategic alliance aimed at expanding their presence across the Americas. The lineup is expected to roll out by 2028. The partnership, first outlined in a memorandum of understanding signed [...]
WASHINGTON, Aug. 7 (Korea Bizwire) – President Donald Trump said Wednesday that his administration will impose a 100% tariff on imported semiconductors, escalating trade tensions and raising fresh concerns for South Korean chipmakers such as Samsung Electronics Co. and SK hynix Inc. The tariff announcement came during a White House event highlighting Apple Inc.’s $100 billion [...]
SEOUL, Aug. 7 (Korea Bizwire) — South Korea’s Ministry of Environment on Wednesday unveiled new regulatory exemptions aimed at promoting the recycling of lithium iron phosphate (LFP) batteries and electronic waste, as part of a broader push to support emerging green technologies. Under the country’s regulatory sandbox framework, which allows temporary exemptions from existing laws [...]
SEOUL, Aug. 7 (Korea Bizwire) — BGF Retail, operator of South Korea’s CU convenience stores, announced on Thursday a new accessibility initiative designed to assist visually impaired customers with in-store shopping. In partnership with social venture Tuat, the company has integrated a CU-specific mode into the Android version of Sullivan Plus, an AI-powered visual assistance app [...]