SEOUL, July 14 (Korea Bizwire) — Hyundai Motor Company has debuted its latest high-performance electric sedan, the Ioniq 6 N, at the 2025 Goodwood Festival of Speed, the U.K.’s premier motorsport and automotive celebration. Announced on July 14, the launch marks the second high-performance EV under Hyundai’s N sub-brand, following the Ioniq 5 N, which also [...]
NEW YORK, July 14 (Korea Bizwire) — LG Energy Solution and General Motors’ battery joint venture, Ultium Cells, announced plans to retool their Spring Hill, Tennessee plant to mass-produce low-cost lithium iron phosphate (LFP) batteries, aiming to begin production by late 2027. Ultium Cells said the production line overhaul will start later this year, shifting [...]
SEOUL, July 14 (Korea Bizwire) — LG Electronics is making a strategic push into Europe’s mid- to low-end appliance market by collaborating with Chinese manufacturers from the product design stage — a first for the South Korean tech giant. According to industry sources on July 14, LG plans to launch a new front-load washing machine [...]
SEOUL, July 14 (Korea Bizwire) — South Korea’s financial authorities are preparing a sweeping overhaul of capital regulations to curb excessive bank lending in real estate and steer financial resources toward high-growth industries like artificial intelligence and biotechnology. According to industry officials on July 13, the Financial Services Commission (FSC) is reviewing plans to raise [...]
SEOUL, July 14 (Korea Bizwire) — In a narrow alleyway of Ttukdo Market, as a heatwave grips the city, 88-year-old Yoon loads bags of ice onto his scooter. For over five decades, he’s been running one of Seoul’s last remaining traditional ice shops — and now, he may be the very last. Once a thriving [...]
SEOUL, July 14 (Korea Bizwire) — SK Innovation has scrapped its ambitious plan to transform traditional gas stations into eco-friendly energy hubs, signaling a broader shift in the SK Group’s strategic priorities. According to industry sources on July 13, SK Energy, a subsidiary of SK Innovation, officially notified the Korea Industrial Complex Corporation of its [...]
SEOUL, July 14 (Korea Bizwire) — In a move expected to accelerate the rollout of biosimilars — often referred to as a next-generation growth engine — South Korea’s drug regulator plans to streamline the approval process for these cost-effective biologic drugs beginning in 2026. According to pharmaceutical industry sources on Sunday, the Ministry of Food [...]
SEOUL, July 14 (Korea Bizwire) — A growing number of South Korean children and adolescents are being treated for mental health conditions, with one in every 27 receiving medical care for either attention deficit hyperactivity disorder (ADHD) or depression in 2023, according to new data. An analysis released on July 13 by the education advocacy group [...]
SEOUL, July 14 (Korea Bizwire) — Hyundai Motor Group is doubling down on its strategy to weather U.S. tariffs without raising vehicle prices, prioritizing long-term market share over short-term profit margins. Despite escalating trade tensions under President Donald Trump’s administration and the imposition of new import tariffs earlier this year, the South Korean auto giant [...]
SEOUL, July 14 (Korea Bizwire) — A total of 72 sinkholes were reported across Seoul during the first half of 2025, underscoring growing concerns about the city’s aging underground infrastructure and prompting a major government response. According to data released Sunday by Seoul’s disaster and safety portal, Seoul Safer, sinkholes occurred at a rate of roughly [...]