SEOUL, Oct. 23 (Korea Bizwire) — LG Electronics Inc. said Thursday it ranked first in four categories in the 2025 U.S. Appliance Satisfaction Study released by market research firm J.D. Power, marking the highest number of wins among all brands evaluated. The South Korean tech giant took the top spot in the French-door refrigerator, side-by-side refrigerator, [...]
SEOUL, Oct. 23 (Korea Bizwire) — Krafton Inc., the South Korean game developer behind PlayerUnknown’s Battlegrounds (PUBG), announced Thursday that it will invest 100 billion won (about US$72 million) to build a high-performance GPU cluster as part of its transformation into an “AI-first” company. The company unveiled its new long-term vision during an internal town hall [...]
SEOUL, Oct. 23 (Korea Bizwire) — Starting Thursday, South Korea began enforcing a revised labor law that allows employees to seek punitive damages of up to three times the amount of unpaid wages from employers who intentionally withhold pay, as part of a broader effort to crack down on chronic wage arrears. The Ministry of Employment [...]
LOS ANGELES & SEOUL, Oct. 23 (Korea Bizwire) — Tesla CEO Elon Musk said the company will partner with both Samsung Electronics and Taiwan’s TSMC to produce its next-generation artificial intelligence chip, signaling a deepening collaboration between the U.S. automaker and the South Korean tech giant. Speaking during Tesla’s third-quarter earnings call on Wednesday, Musk confirmed [...]
SEOUL, Oct. 23 (Korea Bizwire) — OpenAI unveiled an ambitious blueprint for its expansion into South Korea on Wednesday, calling for a dual-track strategy that combines the development of “sovereign AI” infrastructure with deeper international collaboration. The plan marks the company’s clearest signal yet that it views South Korea as a pivotal partner in the global [...]
SEOUL, Oct. 23 (Korea Bizwire) — At exactly 10:29 a.m. on Thursday, six days before the third anniversary of the Itaewon crowd crush, three shrouded photographs were revealed outside Exit 1 of Itaewon Station — the site of the 2022 tragedy that left 159 people dead. Against a deep violet backdrop embroidered with constellations, the images [...]
SEOUL, Oct. 23 (Korea Bizwire) — The Halloween night in Itaewon began like any other — laughter spilling out of bars, music vibrating through narrow alleys — until it became a tragedy that left 159 people dead and a nation in disbelief. Now, nearly three years later, a government audit has concluded that one of the [...]
SEOUL, Oct. 23 (Korea Bizwire) — Hyundai’s all-electric Ioniq 9 has received the highest safety rating among large sport utility vehicles in this year’s Korean New Car Assessment Program (KNCAP), while Ford’s Explorer placed last, according to results released Thusday by the Ministry of Land, Infrastructure and Transport and the Korea Transportation Safety Authority. The evaluation [...]
SEOUL, Oct. 23 (Korea Bizwire) — In a bid to merge urban mobility with wellness culture, the Seoul Metropolitan Government has transformed parts of three subway stations into fitness and leisure spaces for runners, offering free access to facilities that blend convenience with community. The new “Runner’s Base” zones — located at Gwanghwamun Station (Line 5), [...]
SEOUL, Oct. 23 (Korea Bizwire) — Beginning October 30, South Koreans will, for the first time, be able to convert death benefits from their life insurance policies into a steady stream of pension-style payments while still alive — a move regulators hope will reshape the country’s aging-era financial landscape. The Financial Services Commission (FSC) announced [...]