SEOUL, May 22 (Korea Bizwire) — China solidified its near-total dominance of the global lithium-ion battery anode materials market in 2024, pushing South Korea’s POSCO Future M out of the global top 10 amid intensifying price competition and overproduction. According to data released Tuesday by SNE Research, global demand for anode materials reached 1.97 million tons [...]
SEOUL, May 22, 2025 (Korea Bizwire) — Asiana Airlines is facing mounting criticism and potential legal action over plans to offer unequal severance packages to employees affected by the company’s upcoming sale of its cargo division to Air Incheon, scheduled for July. According to industry sources, Asiana recently notified staff that domestic employees in its [...]
SEOUL, May 22 (Korea Bizwire) — Korea Electric Power Corporation (KEPCO) announced the completion of the country’s largest ammonia combustion testing facility on Tuesday, as the state-run utility accelerates efforts to commercialize carbon-neutral power generation technologies. Located at KEPCO’s Power Research Institute, the new 1-megawatt testbed is designed to verify high-efficiency, low-emission combustion of ammonia—a [...]
JEJU, May 22 (Korea Bizwire) — The number of electric vehicles actively operating on Jeju Island has surpassed 40,000, signaling a milestone in the island’s decade-long push toward greener transportation. According to the Jeju Provincial Government on Wednesday, as of the end of April 2025, a total of 40,267 electric vehicles were registered and actively in use [...]
SEOUL, May 21, 2025 (Korea Bizwire) — CJ Olive Young, South Korea’s leading beauty and health retailer, kicked off the 2025 Olive Young Festa on Wednesday, launching the country’s largest hands-on beauty and wellness festival. The event runs through May 25 on Seoul’s scenic Nodeul Island. Originally launched in 2019, Olive Young Festa is designed as [...]
TAIPEI, May 21 (Korea Bizwire) — Samsung Display’s latest ultra-high-definition (UHD) QD-OLED panel for gaming monitors is receiving enthusiastic feedback at Computex 2025, Asia’s largest IT trade show, being held through May 23 in Taipei. Making its debut appearance at the event, Samsung Display unveiled a 27-inch UHD (3840×2160) QD-OLED monitor panel with a pixel density [...]
SEOUL, May 21 (Korea Bizwire) — Lee Jae-myung, presidential candidate of the Democratic Party of Korea, has pledged to overhaul the nation’s animal welfare framework by introducing a Basic Animal Welfare Act and establishing a National Animal Welfare Promotion Agency, aiming to consolidate currently fragmented government responsibilities related to animals. In a policy statement released via [...]
SEOUL, May 21 (Korea Bizwire) — KT Corp. announced Wednesday that it will join forces with SK Broadband and LG Uplus to launch a unified IPTV viewer data platform by the end of the year, aiming to provide more precise and representative audience metrics than traditional TV ratings systems. The platform will aggregate anonymized viewing logs [...]
SEOUL, May 21 (Korea Bizwire) — Hyundai Engineering & Construction announced Wednesday that it will become the first South Korean construction firm to showcase a garden installation at a major European horticultural exhibition, the RHS Flower Show at Wentworth Woodhouse 2025, organized by the Royal Horticultural Society in the United Kingdom. The RHS Flower Shows, with [...]
SEOUL, May 21 (Korea Bizwire) – A growing number of young South Koreans are expressing a willingness to marry and have children, marking a shift in societal attitudes amid the country’s ongoing battle with low birth rates. According to survey results released Tuesday by the Presidential Committee on Ageing Society and Population Policy, the share of [...]