SEOUL, Feb. 20 (Korea Bizwire) — South Korean pharmaceutical and biotech companies are scrambling to prepare for potential new tariffs threatened by American President Donald Trump on foreign-made drugs entering the U.S. market. Celltrion, a major South Korean biopharmaceutical company, announced on its website on February 19 that it has established an “optimal response system” to [...]
SEOUL, Feb. 20 (Korea Bizwire) — E-commerce giant Coupang and its affiliates have reached a landmark agreement with small business owners and labor organizations, committing to improved working conditions and financial support measures. The agreement, signed on February 19, includes the abolition of a controversial policy that had been linked to overwork among delivery drivers. [...]
SEOUL, Feb. 20 (Korea Bizwire) — Apple is set to introduce rich communication services (RCS) messaging on iPhones in South Korea later this year, enabling chat-style messaging and large file transfers between iPhone and Samsung Galaxy smartphone users. The Korea Communications Commission (KCC) announced on February 19 that it has issued administrative guidance recommending Apple implement [...]
SEOUL, Feb. 20 (Korea Bizwire) — In a move to ease burdensome regulations, the South Korean government has approved guidelines allowing bakeries to provide complimentary birthday candles with cake purchases, addressing a peculiar regulatory oversight that had technically criminalized the common practice. Until now, birthday candles were classified as “household chemical products,” making their distribution — [...]
SEOUL, Feb. 20 (Korea Bizwire) — As U.S. users migrate en masse to the Chinese social media platform Rednote, formerly known as Xiaohongshu, allegations that South Korea is “stealing Chinese culture” have proliferated, raising concerns over misinformation and rising tensions between online communities. Seo Kyoung-Duk, a professor at Sungshin Women’s University, revealed on February 19 [...]
SEOUL, Feb. 20 (Korea Bizwire) — Jamsil Station on Seoul’s Line 2 emerged as the busiest subway station in the city last year, with an average of 156,177 passengers per day, according to 2024 transit data released by Seoul Metro on February 19. The station’s high foot traffic was attributed to its role as a [...]
JEJU, Feb. 20 (Korea Bizwire) — A new observation deck offering panoramic views of Jeju International Airport and coastal waters will be built atop a sewage treatment facility in Jeju City, officials announced on February 19. The Jeju Water and Sewage Headquarters revealed that the observatory will be built on the integrated exhaust facility of the [...]
SEOUL, Feb. 20 (Korea Bizwire) — A new survey has revealed that 92.8% of South Korean small and medium-sized enterprises (SMEs) believe they cannot meet national greenhouse gas reduction targets within the designated timeframe. The Korea Federation of SMEs announced these findings on February 19, based on a survey of 500 manufacturing SMEs conducted last year. [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s auto industry is bracing for potential turmoil after U.S. President Donald Trump suggested imposing a 25% tariff on imported cars, a move that could significantly impact Korean automakers’ competitiveness in the American market. Trump’s comments on February 18 sent shockwaves through the industry, which had previously anticipated a [...]
SAN FRANCISCO, MUAN & SEOUL, South Korea, Feb 19. (Korea Bizwire) — South Korea is set to host the world’s largest artificial intelligence (AI) data center, with a planned capacity of 3 gigawatts (GW) and an estimated investment of up to $35 billion, according to a report by The Wall Street Journal on February 18. [...]