SEOUL, Jan. 10 (Korea Bizwire) — In 2024, the number of publicly listed companies on South Korea’s main stock exchange voluntarily disclosing sustainability reports rose by nearly 30%, reflecting growing awareness of environmental, social, and governance (ESG) principles. The Korea Exchange reported on January 9 that 204 companies listed on the KOSPI voluntarily released sustainability [...]
SEOUL, Jan. 10 (Korea Bizwire) — A South Korean court has awarded partial compensation to repatriated fishermen who were unlawfully detained, tortured, and falsely accused of espionage after being abducted by North Korea decades ago. However, the damages granted fell significantly short of the amounts sought by the plaintiffs, prompting frustration and plans for an [...]
SEOUL, Jan. 10 (Korea Bizwire) — In a stark reversal of fortune, South Korea’s leading battery manufacturers are bracing for significant fourth-quarter losses as the electric vehicle market faces a prolonged period of stagnating demand. LG Energy Solution, one of the country’s top battery makers, reported an operating loss of 225.5 billion won in the fourth [...]
SEOUL, Jan. 10 (Korea Bizwire) — In a significant healthcare reform initiative, the South Korean government announced plans to reclassify certain non-critical and uninsured medical treatments, including manual therapy, under a new “managed care” category that will require patients to pay over 90% of the costs. The policy change, unveiled at a public forum on healthcare [...]
SEJONG, Jan. 10 (Korea Bizwire) — South Korea’s solid-state drive (SSD) exports have undergone a dramatic regional shift, with the United States emerging as a dominant market while exports to China plummeted. The change reflects the ongoing global tech realignment fueled by geopolitical tensions and surging demand for advanced storage solutions. U.S. Demand Surges Amid AI [...]
SEOUL, Jan. 10 (Korea Bizwire) — The use of cashless payment methods, such as credit cards and digital wallets, has led to a record low number of counterfeit bills detected in South Korea last year, according to the Bank of Korea. In its report released on January 9, the central bank stated that only 143 counterfeit [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korea’s Ministry of Health and Welfare, in collaboration with the Korea Suicide Prevention Center, announced plans to launch a visual campaign on the Han River this March to promote the nation’s suicide prevention hotline, 109. The initiative involves floating a life buoy shaped like the hotline number, symbolizing hope [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Group has unveiled plans for its largest-ever annual domestic investment of 24.3 trillion won while preparing for significant global investments to address the anticipated protectionist policies of Donald Trump’s second U.S. administration. Focus on U.S. Investments Amid Changing Trade Landscape Hyundai has already committed nearly $18 billion to [...]
LAS VEGAS/SEOUL, Jan. 9 (Korea Bizwire) — LG Electronics is poised to turn a profit from its artificial intelligence (AI) initiatives by the end of this year, according to Lee Hyang-eun, Senior Vice President of HS CX. Speaking at the “LG AI Home Briefing” during CES 2025, Lee outlined the company’s progress in monetizing its AI [...]
LAS VEGAS/SEOUL, Jan. 9 (Korea Bizwire) — Samsung Display announced it will commence mass production of the world’s first rollable OLED panels for laptops in April 2025, with the innovative display set to debut in Lenovo’s upcoming ThinkBook Plus G6 Rollable. At a media event held in Las Vegas, coinciding with CES 2025, Samsung Display confirmed [...]