SEOUL, Jan. 21 (Korea Bizwire) — Korean manufacturers of power equipment and electrical cables are strengthening their foothold in the United States as demand surges for grid infrastructure upgrades, driven by artificial intelligence and data center expansion. HD Hyundai Electric announced on January 20 its plans to invest 185 billion won to construct a second manufacturing [...]
SEOUL, Jan. 21 (Korea Bizwire) — The Korea Corporate Governance Forum (KCGF) lauded Samsung Electronics for its decision to award executive performance bonuses in company stock, calling it “a significant step toward an advanced compensation model.” In a statement issued on January 20 by Chairman Lee Nam-woo, the forum noted that this marks an important [...]
SEOUL, Jan. 21 (Korea Bizwire) — Korean industries are expressing growing concern with the burden of increased raw material import costs and overseas investment expenses outweighing potential export benefits amid high exchange rates, according to a new report released on January 20. The Korea Chamber of Commerce and Industry surveyed 12 major industry associations to assess [...]
SEOUL, Jan. 21 (Korea Bizwire) — Automotive industry experts on Tuesday urged the government to revise its ambitious target of deploying 4.5 million zero-emission vehicles by 2030, part of the nation’s greenhouse gas reduction goals, to align with practical realities. Yoon Kyung-sun, executive managing director of the Korea Automobile & Mobility Association (KAMA), called the [...]
DAEJEON, Jan. 21 (Korea Bizwire) — Scientists at the Korea Advanced Institute of Science and Technology (KAIST) have developed a novel imaging technique that allows real-time observation of cellular movements within blood vessels under stress conditions, a team of researchers announced on January 20. Working in collaboration with researchers from Korea University Guro Hospital, the team, [...]
SEOUL, Jan. 21 (Korea Bizwire) — Golfzon County has emerged as the largest corporate owner of golf courses in South Korea, according to a report released on January 20 by the YouTube channel Leisure White Paper TV, operated by the Korea Leisure Industry Research Institute. The company owns 15 golf courses and manages an additional [...]
SEOUL, Jan. 21 (Korea Bizwire) — Industrial accident claims from delivery service workplaces increased dramatically last year, reaching approximately 1,500 cases – nearly five times the number reported in 2020, according to new government data. The figures, released on January 20 by the Korea Workers’ Compensation & Welfare Service and analyzed by Rep. Kim Wi-sang of [...]
ULSAN, Jan. 21 (Korea Bizwire) — A new study has revealed that conversational AI chatbots can effectively reduce feelings of loneliness and social anxiety, according to research findings released on January 20 by scientists at the Ulsan National Institute of Science and Technology (UNIST). The research, conducted jointly with Korea University Anam Hospital’s Department of Psychiatry, [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s leading construction company, Samsung C&T, has secured the rights to develop the Hannam District 4 redevelopment project, outbidding its rival Hyundai Engineering & Construction and marking its entry into the Hannam New Town development project. The win positions Samsung C&T favorably for future landmark projects, including the highly [...]
SEOUL, Jan. 20 (Korea Bizwire) — Cases of antibiotic-resistant infections in South Korea surpassed 40,000 last year, marking the highest level since monitoring began, according to data released by the Korea Disease Control and Prevention Agency (KDCA) on Sunday. A total of 42,827 cases of Carbapenem-Resistant Enterobacteriaceae (CRE) infections were reported in 2024, an 11.5% increase [...]