SEOUL, Nov. 22 (Korea Bizwire) – Samsung Heavy Industries unveiled its autonomous vessel prototype, the SHIFT-Auto, at a launching ceremony in Geoje, South Gyeongsang Province, the Ministry of Trade, Industry and Energy announced on November 21. The 12-meter vessel, designed to carry up to 12 passengers, showcases cutting-edge autonomous navigation technologies integrated from the design phase, [...]
SEOUL, Nov. 22 (Korea Bizwire) – Experts at a population strategy forum have called for a fundamental shift in workplace culture, arguing that employees balancing work, caregiving, and personal life should become the new standard in personnel management to address South Korea’s declining birth rate and achieve better work-life integration. The forum, held on November 20 [...]
SEOUL, Nov. 22 (Korea Bizwire) – The Seoul Metropolitan Government has publicly disclosed the names of 12,686 high-value tax delinquents who owe more than 10 million won in local taxes, with the largest individual debtor being Oh Moon-cheol, 65, the former CEO of Bohae Savings Bank, who owes 15.17 billion won. The city government published the [...]
SEOUL, Nov. 21 (Korea Bizwire) – Seoul’s bustling Myeong-dong district has emerged as the ninth most expensive retail location globally, according to a new report by Cushman & Wakefield Korea. The real estate services firm analyzed retail rental prices in 138 major cities, revealing that Myeong-dong’s annual average rent per square meter reached ₩10.32 million, a [...]
SEOUL, Nov. 21 (Korea Bizwire) – CJ CheilJedang, a leader in Korean food manufacturing, is intensifying its global expansion by committing ₩800 billion to build state-of-the-art production facilities in Hungary and South Dakota. The investments are aimed at bolstering its market presence in Europe and the U.S., two critical regions in its international growth strategy. Strategic [...]
SEOUL, Nov. 21 (Korea Bizwire) – Lotte Department Store announced the launch of its European-style Christmas Market, running from November 20 to January 5 at the Lotte World Mall’s Lawn Plaza in Jamsil, Seoul. This year’s market, themed “Wonderful Showtime,” represents the largest iteration to date, featuring collaboration with luxury brand Chanel and integration with an [...]
SEOUL, Nov. 21 (Korea Bizwire) – As global economic uncertainties persist, South Korea’s largest conglomerates are intensifying efforts to secure cash reserves, even divesting profitable core businesses and world-leading operations to strengthen their financial positions and fund future investments. According to industry sources on November 20, major business groups are actively selling profitable subsidiaries and flagship [...]
SEOUL, Nov. 21 (Korea Bizwire) – A new survey has revealed a significant transformation in South Korean teachers’ workplace experiences and perceptions over the past 20 years, with student misconduct and parental complaints now ranking as their primary source of stress, replacing administrative overload as the top concern from two decades ago. The Korean Education Policy [...]
SEOUL, Nov. 21 (Korea Bizwire) – In a significant shift for South Korea’s healthcare system, 42 of the nation’s 47 tertiary hospitals have agreed to participate in a government initiative aimed at restructuring their services to focus on severe illnesses and emergency care. The program represents a key component of the government’s healthcare reform agenda, which [...]
SEOUL, Nov. 21 (Korea Bizwire) – LG Electronics announced it will debut its private 5G network technology at the Korea Radiocommunication Show (KRS), a three-day event beginning November 20 at COEX in Seoul’s Gangnam district. Private 5G is a customized network solution designed for specific spaces such as smart factories and logistics centers. The technology utilizes [...]