SEOUL, Feb. 14 (Korea Bizwire) — As discussions of potential peace negotiations between the United States, Russia, and Ukraine gain momentum, South Korean companies are positioning themselves to participate in what could become one of the largest reconstruction efforts in modern history. Estimates have pegged the cost of rebuilding Ukraine’s war-torn infrastructure at approximately $900 billion, [...]
SEOUL, Feb. 14 (Korea Bizwire) – Hyundai Motor Co. said Friday it will accept preorders for a custom-built high-performance edition of the company’s Ioniq 5 electric vehicle (EV), of which only 50 units will be sold globally. Preorders for the Ioniq 5 N DK edition are available via the automaker’s N Performance Shop, an online [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korean gaming giant NCSoft has found itself in a financial crisis, posting its first annual operating loss in 26 years. The company reported an operating loss of 109.2 billion won ($75 million) for 2024, marking its first negative earnings since 1998. Revenue fell by 11.3% to 1.58 trillion [...]
SEOUL, Feb. 14 (Korea Bizwire) — Recent fishing vessel accidents off Jeju Island have put a spotlight on the hazardous nature of long-distance winter fishing operations in South Korean waters, with fishermen risking their lives to pursue catches in distant seas. The latest incident occurred on February 12 when the 32-ton Jaeseong-ho, carrying 10 crew members, [...]
WASHINGTON, Feb. 14 (Korea Bizwire) – The absence of a fully elected leader in South Korea poses a “danger” to Seoul’s efforts to address U.S. President Donald Trump’s push for tariffs, an expert said Thursday, stressing the importance of leader-to-leader engagement to neutralize the impact of those planned or proposed duties. Victor Cha, president of [...]
JAKARTA, Indonesia, Feb. 14 (Korea Bizwire) — At a bustling food expo in the heart of Jakarta, Indonesian shoppers eagerly sampled fresh strawberries flown in from Nonsan, South Korea. Among them was Ainna, a 30-year-old visitor, who proudly showcased a strawberry shortcake she had just purchased. Taking a bite, she remarked, “The combination of fresh [...]
SEOUL, Feb. 14 (Korea Bizwire) — The National Medical Center reported on February 13 that over 46,000 people sought emergency care for suicide attempts or self-harm in South Korea in 2023, with nearly half of the cases involving individuals in their teens and twenties. According to data from the Central Emergency Medical Center, there were 46,359 [...]
ULSAN, South Korea, Feb. 14 (Korea Bizwire) — A team of South Korean researchers has developed a groundbreaking diagnostic technique that can detect lung cancer using only a few drops of blood. Scientists at the Ulsan National Institute of Science and Technology (UNIST) announced on February 13 that they have created EV-CLIP, a technology capable of [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s gaming industry saw a stark divide in financial performance for 2024, with companies’ fortunes hinging on the success of their overseas ventures. While Nexon and Krafton cemented their dominance, NCSoft faced restructuring, and Netmarble showed signs of recovery after years of losses. According to year-end earnings reports released [...]
JEJU, South Korea, Feb. 13 (Korea Bizwire) — The honeybee population in Jeju has been steadily declining, raising concerns among local farmers and environmental experts. According to data released by the Jeju provincial government on February 13, the number of beehives on the island has consistently decreased over the past five years, falling from 80,803 in [...]