SEOUL, May 29 (Korea Bizwire) — An all-time high of 19.58 percent of voters cast their ballots Thursday on the first day of early voting for the upcoming presidential election to elect the successor to former President Yoon Suk Yeol, who was ousted over his failed martial law bid. The two-day early voting began at [...]
SINGAPORE, May 29 (Korea Bizwire) — The United States is looking to “modernize” its alliance with South Korea and “calibrate” U.S. force posture on the Korean Peninsula to deter China, a senior U.S. defense official said Thursday, apparently leaving open the possibility of an adjustment to the U.S. Forces Korea (USFK) presence. In a press [...]
SEOUL, May 29 (Korea Bizwire) — SPC Samlip Co., a confectionery unit under SPC Group, said Thursday it will discontinue its popular “KBO Bread” line following a fatal accident at one of its factories. “After consultation with the Korea Baseball Organization (KBO), the production of KBO Bread will be halted,” the company said in a [...]
SEOUL/POHANG, South Korea, May 29 (Korea Bizwire) — All four Navy officers aboard a maritime patrol aircraft were killed after the plane crashed on a mountain in the southeastern city of Pohang on Thursday, the Navy said. The crash occurred at around 1:49 p.m., and witnesses reported smoke rising from the mountain with sounds of [...]
SEOUL, May 29 (Korea Bizwire) — Hanwha Ocean Co., a major South Korean shipbuilder, said Thursday it has signed preliminary agreements with two Polish shipyards to cooperate on naval vessel construction and maintenance. The company signed separate memorandums of understanding (MOUs) with PGZ SW and Nauta Shipyard during the ongoing International Maritime Defense Industry Exhibition [...]
SEOUL, May 29 (Korea Bizwire) — An appellate court on Thursday upheld a lower court’s verdict that Samsung C&T has no obligation to pay U.S.-based hedge fund Elliott some 26.7 billion won (US$19.3 million) in delayed interests over the 2015 merger of two Samsung units. The Seoul High Court dismissed an appeal filed by the [...]
SEOUL, May 29 (Korea Bizwire) – The government is currently asking the United States to provide information to South Korean visa applicants regarding the reported suspension of new student visa interviews, the foreign ministry said Thursday. Foreign ministry spokesperson Lee Jae-woong made the remarks during a press briefing, a day after reports emerged that the [...]
SEOUL, May 29 (Korea Bizwire) — In a landmark ruling, South Korea’s Patent Court has confirmed that foreign companies selling patent-infringing products through overseas e-commerce platforms can be held accountable under Korean patent law — if their sales target domestic consumers. The ruling, handed down by the 21st Civil Division of the Patent Court, sided [...]
SEOUL, May 29 (Korea Bizwire) — The South Korean government has launched a major initiative to develop core technologies for robot-friendly buildings, aiming to reshape the urban built environment for seamless human-robot coexistence. The Ministry of Land, Infrastructure and Transport announced Wednesday that it will invest ₩180 billion (approximately $135 million) over the next three [...]
SEOUL, May 29, 2025 (Korea Bizwire) — Despite having more flood infrastructure than rural areas, South Korea’s major cities such as Seoul, Incheon, and Busan are at higher risk of flooding, according to a new artificial intelligence-driven study. A joint research team from Pohang University of Science and Technology (POSTECH) and Kyungpook National University used [...]