SEOUL, Nov. 25 (Korea Bizwire) — LG Group is ramping up its focus on the future by actively appointing talent in key emerging fields—artificial intelligence (AI), biotechnology, and clean tech (collectively referred to as ‘ABC’). The company is reshaping its business portfolio to enhance innovation and create new customer value, with a particular emphasis on [...]
TOKYO, Nov. 25 (Korea Bizwire) — The Japanese government on Monday expressed regret over South Korea boycotting a Japan-led event honoring wartime forced labor victims, including Koreans, from an old Japanese mine complex. The remark came as South Korea boycotted the memorial held on Sado Island, off Japan’s west coast, on Sunday and held its [...]
SEOUL, Nov. 25 (Korea Bizwire) — Kia, LG Electronics, and Samsung Electronics have been ranked among the top companies for engineers in the United States by Forbes, highlighting their strong reputation in the competitive local job market. According to an industry report on Sunday, Forbes, in collaboration with market research firm Statista, published a list [...]
SEOUL, Nov. 25 (Korea Bizwire) – Following the recent suicide of a single mother in her 30s who was harassed by loan sharks, experts are calling for stronger enforcement of debt collection laws amid continuing reports of illegal collection practices. According to the Supreme Court’s Judicial Yearbook released November 24, only 13 cases (16.7%) out of [...]
SEOUL, Nov. 25 (Korea Bizwire) – Following the devastating Mercedes-Benz EQE fire in an Incheon apartment complex parking garage last August, which damaged approximately 800 vehicles, concerns about rising auto insurance premiums have become reality, even as traffic accidents and fatalities decline. According to the Korea Automobile Citizens’ Association, traffic fatalities have dropped by half, from [...]
SEOUL, Nov. 25 (Korea Bizwire) – A provision to exempt semiconductor R&D workers from South Korea’s 52-hour workweek regulation faces potential elimination from the proposed Semiconductor Industry Special Act, dealing another blow to efforts to reform the country’s strict labor laws. According to parliamentary sources on November 24, the National Assembly’s Trade, Industry, Energy, SMEs, and [...]
SEOUL, Nov. 25 (Korea Bizwire) – With movie theaters in South Korea looking to diversify their content offerings, live recordings of musicals are emerging as an unexpected box office draw, potentially marking a new chapter for the industry. Leveraging their large screens as a key advantage, theaters are expanding beyond traditional films to showcase a variety [...]
SEOUL, Nov. 24 (Korea Bizwire) – In a remarkable display of soft power, Russia and North Korea have deepened their military and diplomatic relationship through the exchange of exotic animals, signaling a new facet of their growing alliance. On November 20, Russia gifted North Korea a collection of animals, including a lion, two brown bears, two [...]
SEOUL, Nov. 24 (Korea Bizwire) – A memorial ceremony honoring forced labor victims, including Koreans, at an old Japanese mine complex kicked off as planned Sunday, with South Korea boycotting it over Tokyo’s pick to send a senior official with hard-line views on history to the event. South Korea’s foreign ministry did not attend the [...]
SEOUL, Nov. 24 (Korea Bizwire) – In a move to bolster the presence of South Korean companies in Vietnam, a consortium led by the Korea Land and Housing Corporation (LH) has completed construction of the first “Korean-style industrial complex” in the country. The Ministry of Land, Infrastructure, and Transport announced Sunday the completion of the Hưng [...]