MANILA, Philippines, May 27 (Korea Bizwire) — A combination of the Korean Wave and expanded local sales networks has driven sales growth at Hitejnro Philippines Inc. in recent years, the company said at a recent media event. Hitejinro Co., South Korea’s leading beverage company, established its Philippine subsidiary in July 2019 to strengthen its presence [...]
SEOUL, May 27 (Korea Bizwire) – South Korea will work to strengthen cooperation with the World Bank as part of efforts to help developing nations advance their agriculture and food technologies, Seoul’s finance ministry said Tuesday. The Ministry of Economy and Finance held an annual meeting with officials from the World Bank in the southeastern [...]
JEJU/SEOUL, May 27 (Korea Bizwire) — An annual international peace forum was set to kick off on South Korea’s southern island of Jeju this week, focusing on peace and security challenges in regions and beyond, according to its organizer on Tuesday. The 20th Jeju Forum for Peace and Prosperity is scheduled to take place at [...]
SEOUL, May 26 (Korea Bizwire) — Hanwha Systems Co. said Tuesday it has been selected as the developer of a multifunction radar (MFR) prototype for South Korea’s next-generation long-range surface-to-air missile (L-SAM) defense system. The company said it has won a 54.7 billion-won (US$40 million) contract from the state-run Agency for Defense Development to develop [...]
SEOUL, May 27 (Korea Bizwire) — Former Prime Minister Han Duck-soo and former Deputy Prime Minister Choi Sang-mok have been banned from leaving the country as suspects in the alleged insurrection case related to former President Yoon Suk Yeol’s botched martial law attempt, police said Tuesday. The exit ban was reportedly imposed on Han and [...]
SEOUL, May 27 (Korea Bizwire) — South Korea has the highest employment rate among people aged 65 and older across the OECD, but the quality of jobs available to the elderly remains alarmingly low, driven by insufficient pension income and limited opportunities to leverage their lifelong careers. According to a recent report released by the National [...]
SEOUL, May 27, 2025 (Korea Bizwire) — As the United States intensifies its efforts to curb China’s shipbuilding dominance, global shipping giants are increasingly turning to South Korean shipyards for new vessel orders, according to industry sources and reporting by TradeWinds. Germany’s Hapag-Lloyd, the world’s fifth-largest container shipping line, had been considering placing new orders [...]
SEOUL, May 26 (Korea Bizwire) — Police have detected signs of some call records of a secure phone held by former President Yoon Suk Yeol being remotely deleted, just days after his failed martial law attempt, an official said Monday. The records of Yoon’s calls with Hong Jang-won, former first deputy director of the National [...]
SEOUL, May 26 (Korea Bizwire) — The preliminary overseas voter turnout for the June 3 presidential election has reached a record high of 79.5 percent, the election watchdog said Monday. Of an estimated 1.97 million eligible overseas voters, 205,268 out of 258,254 people registered on the voter roll cast their ballots during the six-day overseas [...]
SEOUL, May 26 (Korea Bizwire) – A meeting of judges nationwide ended Monday without issuing a response to the controversy surrounding presidential candidate Lee Jae-myung’s election law violation case. The extraordinary meeting of the National Council of Judges was held at the Judicial Research and Training Institute in Goyang, northwest of Seoul, with 87 to [...]