SEOUL, April 27 (Korea Bizwire) — Coupang announced on April 27 that it has established a new recycling system to repurpose expired “Rocket Fresh Bags,” using their plastic components to manufacture cargo pallets. Introduced in March 2020, Rocket Fresh Bags are reusable insulated bags designed to deliver fresh food while minimizing environmental impact. Made from high-strength [...]
CHANGWON, South Korea, April 27 (Korea Bizwire) – Hanwha Aerospace Co. is seeking to join a U.S. Department of Defense initiative to establish a network of military repair hubs in the Indo-Pacific, a move that could significantly enhance the combat readiness of U.S. Forces Korea (USFK) and strengthen South Korea’s strategic role in allied security [...]
SEOUL, April 27 (Korea Bizwire) — Lee Jae-myung’s story begins not in a seat of power, but on a factory floor. As a boy in Seongnam, he inhaled toxic fumes while laboring in industrial plants, lost his sense of smell, and suffered a permanent arm injury — all to help his family scrape by. Now, with [...]
BANGKOK, April 27 (Korea Bizwire) — Samsung Electronics plans to invest approximately 17 billion won ($126 million) into its home appliance manufacturing facility in southern India, months after the plant was rocked by labor strikes and sit-ins, according to Indian authorities. On April 27, Reuters reported that T.R.B. Rajaa, Minister for Industries of Tamil Nadu, announced [...]
SEOUL, April 27 (Korea Bizwire) — For a man in his twenties, a single desperate loan marked the start of a brutal spiral. Borrowing 200,000 won with the promise to repay double just a week later, he soon found himself crushed by mounting debts. When relentless collectors showed up at his daughter’s kindergarten, he saw no [...]
SEOUL, April 26 (Korea Bizwire) — In a quiet shop tucked into Seoul’s tech hub of Yongsan, a line of visitors snakes past gleaming rows of keyboards — not computers, just keyboards. Each visitor leans in, tapping delicately, listening. Some nod approvingly at a soft “clack,” others recoil from a sharper “snap.” Welcome to the world [...]
SEOUL, April 26 (Korea Bizwire) — South Korea’s Supreme Court has overturned a lower court ruling that ordered the government and the Seoul Metropolitan Government to refund 168.2 billion won (approximately $116 million) in taxes to U.S. private equity firm Lone Star Funds, sending the case back for retrial. According to legal sources on April 25, [...]
WASHINGTON, April 25, (Korea Bizwire) — The International Monetary Fund has halved its 2025 growth outlook for South Korea, citing the combined effects of escalating U.S. tariffs and domestic political instability. It marks the steepest downgrade among major economic forecasts for the country to date. Rahul Anand, head of the IMF’s Korea mission, explained the [...]
SEOUL, April 25, (Korea Bizwire) — South Korea’s biohealth industry is projected to grow at an annual rate of nearly 9 percent, reaching $370.3 billion by 2030 and ranking eighth globally, according to a new market outlook released by the Korea Health Industry Development Institute (KHIDI) on April 25. The report, titled 2025 Global Biohealth [...]
PYEONGTAEK, April 25, (Korea Bizwire) — The city of Pyeongtaek in Gyeonggi Province is emerging as a national leader in South Korea’s hydrogen economy, expanding its infrastructure, attracting global investment, and advancing research to position itself at the forefront of clean energy innovation. On April 25, city officials detailed an ambitious roadmap that includes scaling [...]