SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s mid-sized shipbuilding sector is sliding toward collapse, even as opportunities for U.S.-Korea cooperation in naval and commercial shipbuilding expand under initiatives such as the MASGA project, a new report warns. According to a study released Sunday by the Korea Eximbank’s Overseas Economic Research Institute, orders secured by [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s central bank, in coordination with the government and the country’s largest lenders, is preparing to test the use of central bank digital currency (CBDC) for distributing public subsidies, a move officials say could curb misuse and improve accountability. According to financial industry sources, the six major banks [...]
BERLIN, Sept. 8 (Korea Bizwire) — At Europe’s largest electronics fair, IFA 2025, Samsung Electronics unveiled a full-scale modular home outfitted with artificial intelligence technologies, underscoring its ambitions to shape the future of residential living. Erected beside Samsung’s exhibition hall at CityCube Berlin, the 218-square-meter, two-bedroom house was built in partnership with Samsung C&T and [...]
SAVANNAH, Ga., Sept. 8 (Korea Bizwire) — The workday had barely begun when phones began buzzing in unison at Hyundai Motor Group and LG Energy Solution’s sprawling battery plant construction site in Georgia. A text message appeared: stop work immediately. Within minutes, federal agents from Immigration and Customs Enforcement and Homeland Security Investigations swept across the [...]
SEOUL, Sept. 8 (Korea Bizwire) — Kakao’s decision to give users more time to retract messages on its flagship app KakaoTalk has drawn an enthusiastic response, with deletions surging more than threefold in the week after the update. The company said Monday that average daily use of the delete function jumped 327 percent compared with the [...]
SEOUL, Sept. 8 (Korea Bizwire) — A decades-long tax dispute over royalties paid by South Korean companies to U.S. patent holders is heading into a critical new phase, as the nation’s Supreme Court considers whether to alter its long-standing stance that has largely exempted American firms from local taxation. At issue is whether royalties paid [...]
SEOUL, Sept. 8 (Korea Bizwire) — Rose, a member of the K-pop group BLACKPINK, picked up two trophies, including Song of the Year, at the 2025 MTV Video Music Awards on Sunday (U.S. time). She won the honor for “APT.,” her collaboration single with global pop icon Bruno Mars, and accepted Best Group on behalf [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korean retailers are bracing for the return of Chinese tour groups, set to enter visa-free from September 29, by rolling out fresh promotions and diversifying their product lineups beyond luxury cosmetics to fashion, lifestyle and even convenience store exclusives. In the mid-2010s, Chinese “Youke” travelers became synonymous with [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s National Pension Service (NPS), one of the world’s largest institutional investors, has been navigating a delicate balance between maximizing shareholder returns and advancing responsible investment in its recent voting at foreign corporate annual meetings. According to filings with the U.S. Securities and Exchange Commission and its own [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korean health supplement companies are intensifying their push overseas as slowing demand at home contrasts with rising global appetite for wellness products. Industry data show exports have climbed steadily since the pandemic, hitting a record 382.1 billion won ($280 million) last year, nearly triple the 2019 figure. By [...]