SEOUL, Sept. 5 (Korea Bizwire) — South Korea on Friday voiced “concern and regret” after more than 300 South Koreans were taken into custody in a major U.S. immigration raid at an electric vehicle (EV) battery plant site in Georgia, urging that individuals’ rights must not be unfairly infringed. The foreign ministry issued the statement [...]
WASHINGTON, Sept. 5 (Korea Bizwire) — Government and industry experts from South Korea, the United States and Japan met in Seoul and Tokyo this week to discuss quantum industrial security, the State Department said Friday, as the countries are deepening cooperation in securing critical technologies. They held a trilateral workshop on the topic in Seoul [...]
SEOUL, Sept. 5 (Korea Bizwire) — A large-scale immigration raid at a Hyundai Motor Group–LG Energy Solution battery plant construction site in Georgia has sent shockwaves through Korean companies operating in the United States, raising fears of heightened regulatory risks under the Trump administration. According to foreign media and industry officials, U.S. Immigration and Customs [...]
SEOUL, Sept. 4 (Korea Bizwire) — A global consortium led by South Korea’s state-run Korea Hydro & Nuclear Power Co. (KHNP) has launched a large-scale project to refurbish an aging nuclear reactor at Romania’s Cernavoda power plant, KHNP said Thursday. A groundbreaking ceremony took place Wednesday (local time) to mark the start of the project, [...]
SEOUL, Sept. 4 (Korea Bizwire) –The world’s leading electronics makers are converging on Berlin this week for IFA 2025, Europe’s largest consumer technology fair, where artificial intelligence and energy efficiency are expected to dominate the conversation as competition intensifies in the premium appliance market. The five-day event, which begins September 5 under the theme “Imagine [...]
SEOUL, Sept. 3 (Korea Bizwire) — The state-run Korea Hydro & Nuclear Power (KHNP) said Wednesday it has signed a memorandum of understanding (MOU) with the Serbian government to expand cooperation in the nuclear energy and hydrogen sectors. Under the MOU, KHNP will join hands with Serbia’s Ministry of Mining and Energy to lay ground [...]
SEOUL, Sept. 3 (Korea Bizwire) — Korean e-commerce platforms are bracing for shifting consumer behavior after the United States scrapped its longstanding tax exemption on small imports, a move that effectively raises prices for American shoppers buying Korean products. Since Aug. 29, parcels valued under $800 — previously exempt from import duties — have been [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hanwha Group said Tuesday its three defense affiliates, including Hanwha Aerospace Co., will participate in an international defense industry exhibition in Poland this week, as the South Korean group spearheads its bid for the Eastern European country’s submarine modernization project. At MSPO 2025, set to be held Tuesday (local [...]
SEOUL, Sept. 2 (Korea Bizwire) — North Korea appears to be working to secure multiple warhead missile capabilities, analysts said Tuesday, after the North unveiled leader Kim Jong-un’s visit to a lab for a new intercontinental ballistic missile (ICBM) under development. Kim inspected the production of a new high-powered solid-fuel engine for ICBMs, saying it [...]
SEOUL, Sept. 2 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering (HD KSOE) Co., a subholding company of shipbuilding, oil refining and machinery conglomerate HD Hyundai Co., launched its first vessel construction project in the Philippines on Tuesday, the company said. The company held a steel-cutting ceremony at HD Hyundai Subic Shipyard in Subic [...]