SEOUL, Nov. 17 (Korea Bizwire) — South Korea plans to impose stricter disclosure requirements on listed companies’ executive compensation and expand access to shareholder voting information, in a move aimed at improving market transparency and strengthening investor rights, the Financial Services Commission (FSC) announced Sunday. Under the reform package — titled Measures to Improve Corporate Disclosure [...]
SEOUL, Nov. 17 (Korea Bizwire) — Samsung Electronics’ spending on mobile application processors (APs) has surged to an unprecedented level this year, approaching 11 trillion won (US$8.1 billion) amid sharp increases in global memory prices—intensifying pressure on the company’s smartphone division and accelerating its shift toward greater use of in-house chips. According to Samsung’s third-quarter regulatory [...]
SEOUL, Nov. 17 (Korea Bizwire) — Natural gas prices have surged to their highest level in nearly three years, lifting related exchange-traded notes (ETNs) while exposing South Korean retail investors to mounting losses after many bet on the market moving in the opposite direction. Between Nov. 1 and 14, nine of the ten best-performing ETNs in [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s electric vehicle market has hit a symbolic milestone, surpassing 200,000 new registrations in a single year for the first time — a development officials say signals the end of a three-year slump. The Climate, Energy and Environment Ministry said Sunday that 200,650 new EVs were registered as of [...]
SEOUL, Nov. 17 (Korea Bizwire) — LG Display is set to supply ultra-large vehicle displays for Mercedes-Benz’s upcoming electric vehicle lineup, solidifying what both companies describe as a deepening “innovation partnership” in the fast-growing automotive electronics sector. According to industry officials on Sunday, LG Display will provide a 40-inch display for the 2026 Mercedes-Benz GLC EV, [...]
SEOUL, Nov. 17 (Korea Bizwire) — South Korea’s Nuri rocket is set to lift off before dawn on Nov. 27 carrying 13 satellites, a diverse payload that underscores the country’s expanding ambitions in science, commercial space ventures and next-generation technology. According to the Korea Aerospace Research Institute (KARI), the fourth Nuri launch will carry the 516-kilogram [...]
SEOUL, Nov. 16 (Korea Bizwire) — Seoul partially suspended operations of its new Hangang bus service on Sunday after a vessel ran aground near Jamsil Pier, prompting the rescue of more than 80 passengers and intensifying political scrutiny over the project’s safety record. The accident occurred at around 8:24 p.m. Saturday, when a river bus [...]
DAEJEON, Nov. 15 (Korea Bizwire) — South Korea walked out of Daejeon World Cup Stadium on Friday night with a 2–0 win over Bolivia — but the scoreline glossed over a performance that left far more concerns than comfort. Yes, Son Heung-min delivered a world-class free kick. Yes, Cho Gue-sung capped his long-awaited return with a [...]
DAEJEON, Nov. 15 (Korea Bizwire) — Two months into his tenure with South Korea’s senior national soccer team, 20-year-old Jens Castrop — the German-Korean midfielder hailed as a new pillar for the team’s future — is discovering the limits of early promise. Castrop, who plays for Borussia Mönchengladbach, saw just over five minutes of action on [...]
SEOUL, Nov. 14 (Korea Bizwire) — South Korea and the United States released a joint fact sheet on Thursday (U.S. time) that, while avoiding explicit references to China, carries unmistakable signals of Washington’s intent to enlist Seoul more deeply in countering Beijing’s expanding military footprint in the Indo-Pacific. The document, unveiled a day after the two [...]