SEOUL, April 22, (Korea Bizwire) — Intensifying competition from biosimilars and the looming expiration of lucrative drug patents have emerged as the foremost concerns for global pharmaceutical, biotech, and medical device companies, according to a 2025 report by Deloitte Korea. The report, titled “Five Key Challenges for the Global Pharmaceutical and Biotech Industry in 2025,” [...]
SEOUL, April 22 (Korea Bizwire) — As SK hynix accelerates its push to expand high-bandwidth memory (HBM) production, the company is working to stabilize its supply of a critical manufacturing tool — the thermal compression (TC) bonder — by diversifying its vendor base. The move comes amid a global surge in demand for HBM, driven largely [...]
SEOUL, April 21, (Korea Bizwire) — LG Display announced Monday that it has developed and deployed its own artificial intelligence assistant — the first of its kind in the display industry — to streamline internal workflows and improve productivity. The AI assistant service, which debuted in early 2025, is designed to support individual productivity through [...]
SEOUL, April 21 (Korea Bizwire) — Samsung Electronics and LG Electronics have filed lawsuits against the Indian government, challenging its newly implemented minimum pricing rules for e-waste recycling, according to a Reuters report published April 21. The legal action stems from India’s introduction in September 2024 of a regulatory framework that sets minimum disposal fees for [...]
SEOUL, April 21, (Korea Bizwire) — LG Electronics marked Earth Day 2025 with the launch of MyCup, a compact tumbler washer designed for commercial use, as part of the company’s broader push into business-to-business (B2B) subscription services and sustainable innovation. Unveiled on April 21, MyCup integrates LG’s advanced dishwashing technologies — including those from its [...]
SEOUL, April 21 (Korea Bizwire) — As the U.S.-China trade war escalates in 2025, South Korea’s retail and small manufacturing sectors are bracing for a potential flood of low-cost Chinese goods that could destabilize domestic markets. Industry concerns have mounted following a series of aggressive tariff measures by former U.S. President Donald Trump. On April 9, [...]
SEOUL, April 21 (Korea Bizwire) — South Korea is witnessing a sharp rise in consumer complaints related to online game purchases, with a record number of disputes filed over the past year, according to new data from the Korea Consumer Agency (KCA). A total of 1,055 consumer dispute cases tied to online gaming were filed between [...]
SEOUL, April 21 (Korea Bizwire) — The 2025 spring semester has brought a striking shift to South Korean university campuses: generative AI tools like ChatGPT are no longer a novelty — they’ve become the academic norm. From lecture halls to online classrooms, students across the country are increasingly relying on artificial intelligence to complete assignments, generate [...]
SEOUL, April 21 (Korea Bizwire) — South Korea’s major telecommunications companies are accelerating efforts to make their services more accessible to people with disabilities, deploying a growing suite of AI-powered, barrier-free technologies that extend far beyond traditional communication tools. SK Telecom announced this week that it plans to launch a smart glasses device for the visually [...]
SEOUL, April 21 (Korea Bizwire) — As global automakers confront slowing demand for fully electric vehicles (EVs), South Korean carmakers Kia and Hyundai are turning to range-extended electric vehicles (EREVs) to bridge the adoption gap and unlock new revenue streams for the struggling battery industry. Kia revealed it is developing an EREV pickup model alongside its [...]