JEJU, South Korea, March 29 (Korea Bizwire) — Long overshadowed by the island’s famed black pigs, Jeju’s native black cattle, known as Jeju Heukwoo, are emerging as a key focus of local branding and preservation efforts. Once on the brink of extinction, the breed is now being positioned as a premium regional specialty through expanded government [...]
SEOUL, March 29 (Korea Bizwire) — Hyundai Motor Group on Friday introduced Pleos, its new mobility software brand and technology platform, as part of a bold strategy to transform itself into a software-centered mobility tech company. The announcement was made during the group’s developer conference Pleos 25, held at COEX in Seoul. Pleos — a fusion [...]
SEOUL, March 29 (Korea Bizwire) — SK hynix announced Friday that it has completed its acquisition of Intel’s NAND memory business, solidifying its strategic push into the enterprise solid-state drive (SSD) market as demand for AI-driven data storage continues to soar. According to a regulatory filing with South Korea’s Financial Supervisory Service, the transaction was officially [...]
SEOUL, March 29 (Korea Bizwire) — In the first quarter of 2025, foreign investors significantly increased their holdings in South Korean semiconductor and defense stocks, led by SK Hynix, while retreating from shipbuilding and automotive shares, according to data from the Korea Exchange. From January to March 28, foreign investors were net sellers of 4.73 trillion [...]
SEOUL, March 28 (Korea Bizwire) — A new government report has revealed a growing polarization in housing among young South Koreans in their early 30s, with more individuals shifting either into monthly rentals or homeownership—while the once-dominant jeonse (lump-sum deposit lease) model continues to decline. Published Wednesday by Statistics Korea’s National Statistical Research Institute, the [...]
SEOUL, March 28 (Korea Bizwire) — A new government study has revealed that South Korean women born in the 1980s and later have achieved higher rates of tertiary education than their male counterparts, marking a significant shift in educational demographics. The research, released on March 27 by Statistics Korea’s Statistics Research Institute, examines educational attainment, [...]
YEONGDEOK, March 28 (Korea Bizwire) — In a devastating blow to South Korea’s premier pine mushroom producing region, residents of Samhwa-2 village in Yeongdeok County, North Gyeongsang Province, are grappling with concerns about their fall harvest following a massive wildfire that swept through the area. “This village is the country’s largest pine mushroom production site, [...]
SEOUL, March 28 (Korea Bizwire) — Countries worldwide scrambled to understand the sudden death of North Korea’s founder, Kim Il-sung, in 1994, with the United States and Russia questioning the isolated state’s future under his son and successor, Kim Jong-il, declassified diplomatic dossiers showed Friday. Kim Il-sung, the founder and first leader of North Korea, [...]
SEOUL, March 28 (Korea Bizwire) — Kia introduced its new mid-size pickup truck, the Tasman, at a Tech Day event held Thursday on Seoul’s Floating Island in Seocho District. Highlighting the company’s foray into authentic pickup territory, Kia emphasized the Tasman’s rugged durability, off-road prowess, and substantial payload capabilities. Described by the automaker as the [...]
SEOUL, March 28 (Korea Bizwire) — KT announced on March 27 that it is incorporating artificial intelligence technology into the marketing campaign for its Genie TV original series “New Recruit 3,” scheduled to premiere on April 7. The company’s newly established AI Studio Lab, specializing in AI media content, has produced promotional videos for the [...]