SEOUL, Nov. 20 (Korea Bizwire) — SK Telecom has decided not to accept a government-recommended settlement that would require the company to pay 300,000 won (about US$220) to each victim of a major personal-data breach, a move that could expose the telecom giant to prolonged civil litigation. According to industry officials on Nov. 20, the company [...]
SEOUL, Nov. 20 (Korea Bizwire) — Once a nostalgic winter street snack sold from roadside carts, bungeoppang — Korea’s fish-shaped pastry filled traditionally with sweet red bean — is fast becoming a breakout product in the global bakery market, buoyed by advances in frozen food technology and the worldwide rise of Korean pop culture. According to [...]
SEOUL, Nov. 20 (Korea Bizwire) — POSCO International is deepening its push into the global biofuel market with a sweeping expansion of its palm oil business, announcing a major acquisition in Indonesia alongside the completion of a new refinery jointly built with GS Caltex. The company said on Nov. 20 that it has acquired a controlling [...]
SEOUL, Nov. 20 (Korea Bizwire) — LG Electronics said on Nov. 20 that it has signed a patent licensing agreement with Amazon covering the use of LG’s Wi-Fi standard-essential patents (SEPs) in the U.S. tech giant’s consumer devices, marking a significant step in the Korean company’s push to monetize its intellectual property portfolio. Under the agreement, [...]
SEOUL, Nov. 20 (Korea Bizwire) — The world’s top women golfers will return next year to Haenam, a coastal town at South Korea’s southernmost tip, as the LPGA Tour unveiled its 2026 schedule with a record-setting prize pool. The LPGA announced on Nov. 20 (Korea time) that the BMW Ladies Championship will once again be held [...]
SEOUL, Nov. 20 (Korea Bizwire) — South Korean autonomous-driving startup Autonomous A2Z has established a joint venture in Abu Dhabi with Space42, an Emirati AI and space-technology company, as the two countries expand cooperation in advanced mobility during President Lee Jae-myung’s state visit to the United Arab Emirates. The companies announced the partnership on Nov. 19 [...]
SEOUL, Nov. 20 (Korea Bizwire) — Kia’s new electric commercial vehicle, the PV5, has been named the 2026 International Van of the Year (IVOTY), marking the first time a Korean brand — and the first time an Asian electric light commercial vehicle — has captured the industry’s most prestigious award. Kia announced on Nov. 20 that [...]
SEOUL, Nov. 20 (Korea Bizwire) — A growing number of South Korean newlyweds are delaying official marriage registration to avoid financial penalties tied to the country’s housing and loan system, a trend that Japanese media say reflects shifting social norms amid an unrelenting real estate crisis. Japan’s Nikkei reported on Nov. 16 that roughly 20 [...]
ABU DHABI & SEOUL, Nov. 19 (Korea Bizwire) — On a warm November morning in the Emirati capital, President Lee Jae-myung arrived at a polished conference hall filled with Korean and Emirati business executives, all seated beneath a chandelier of cascading glass. But it was the future — not the décor — that commanded [...]
SEOUL, Nov. 19 (Korea Bizwire) — A brief moment in last week’s friendly match between South Korea and Bolivia has become an unlikely symbol of sportsmanship and selfless instinct, drawing praise at home and abroad and prompting a wider reflection on human altruism. During the Nov. 14 match at Daejeon World Cup Stadium, Bolivia’s goalkeeper [...]