SEOUL, April 13 (Korea Bizwire) — POSCO, South Korea’s largest steelmaker, is reportedly exploring a potential equity investment in Hyundai Steel’s upcoming electric arc furnace plant in Louisiana, a move that could mark a rare alliance between the nation’s top two steel producers as they look to navigate intensifying U.S. trade barriers. If realized, the collaboration [...]
SEOUL, April 12 (Korea Bizwire) — As South Korea’s petrochemical sector grapples with a historic downturn, the government is expected to unveil new support measures in the coming months, following the completion of a strategic industry consulting project commissioned to address deep structural challenges. The Korea Petrochemical Industry Association recently submitted a final report to [...]
SEOUL, April 12 (Korea Bizwire) — A quarter of drama viewers switch channels or stop watching when ads air at the end of a program, while variety show viewers are more likely to stay tuned, according to a recent study highlighting the growing complexity of TV advertising effectiveness in South Korea. The report, released on [...]
BUSAN, South Korea, April 12 (Korea Bizwire) — South Korea is testing an unconventional, eco-friendly method to control invasive pests at one of its busiest ports. The Busan Port Authority (BPA) and the Animal and Plant Quarantine Agency jointly conducted a pilot seawater-spraying operation from April 9 to 10, targeting a container yard at the [...]
SEOUL, April 11 (Korea Bizwire) — South Korean authorities have extradited the leader of a massive international drug trafficking ring responsible for smuggling hundreds of billions of won worth of narcotics into the country, officials announced Friday. The suspect, identified only as A, a 41-year-old South Korean national, was apprehended in Thailand last November following [...]
SEOUL, April 11 (Korea Bizwire) — The government announced plans Friday to inject an additional 9 trillion won (US$6.6 billion) in financing to support exporters facing strong tariffs imposed by U.S. President Donald Trump’s administration and escalating global trade tensions. The decision was made during a meeting of external economic ministers held in Seoul, as [...]
LOS ANGELES, April 11 (Korea Bizwire) — In a bustling Korean barbecue restaurant in Los Angeles, six local American customers recently wrapped grilled short ribs in perilla leaves with garlic and doenjang, the traditional soybean paste. For restaurant owner and Korean food advocate Lim Jong-taek, it was a moment of quiet triumph. “I was so [...]
SEOUL, April 11 (Korea Bizwire) — Archives documenting the Jeju April 3 uprising and South Korea’s post-war reconstruction efforts have been added to UNESCO’s Memory of the World Register, the government said Friday. According to the Korea Heritage Service, UNESCO approved the inscription during an executive board meeting in Paris on Thursday (local time), following [...]
SEOUL, April 11 (Korea Bizwire) — Drivers aged 65 and older exhibit significantly slower reaction times in unexpected road situations compared to younger drivers, raising fresh concerns about senior road safety, according to a new study released Thursday by the Korea Consumer Agency. The study, which involved a simulated urban driving test of 34 drivers [...]
DAEJEON, South Korea, April 11 (Korea Bizwire) — South Korean researchers have developed a breakthrough technology capable of predicting landslide and debris flow risks within two and a half hours following extreme rainfall—offering critical lead time for evacuations, particularly in wildfire-damaged mountain regions. The Korea Institute of Geoscience and Mineral Resources (KIGAM) announced Thursday that [...]