SEOUL, Feb. 17 (Korea Bizwire) — Kia Corp., South Korea’s second-largest carmaker, said Monday it will participate in the International Defence Exhibition & Conference (IDEX) 2025 in the United Arab Emirates this week, showcasing its non-passenger military vehicles. IDEX 2025, the Middle East’s largest defense industry trade show, is set to open on Monday (local [...]
SEOUL, Feb. 17 (Korea Bizwire) — South Korea will run a country booth at a defense exhibition in the United Arab Emirates (UAE) this week, the state arms procurement agency said Monday, as the country seeks to boost its overseas arms exports. The Defense Acquisition Program Administration (DAPA) will set up the booth at the [...]
SEOUL, Feb. 17 (Korea Bizwire) — The government and the ruling People Power Party were set to discuss preventive measures Monday following a fatal stabbing of an 8-year-old student by a school teacher in the central city of Daejeon last week. During the consultations, the two sides will also discuss whether to seek an amendment [...]
SEOUL, Feb. 17 (Korea Bizwire) — North Korean leader Kim Jong-un has unveiled a construction plan to expand the capital, Pyongyang, eastward, vowing to refurbish dilapidated suburban areas, state media reported Monday. Kim announced the plan in his speech during a groundbreaking ceremony the previous day for the construction of 10,000 flats in Pyongyang’s Hwasong [...]
SEOUL, Feb. 17 (Korea Bizwire) — Major South Korean business lobby groups are preparing to send delegations to the United States in the near future for discussions on bilateral economic cooperation under the second Donald Trump administration, according to industry observers Monday. A business delegation led by Chey Tae-won, chairman of SK Group and the [...]
SEOUL, Feb. 17 (Korea Bizwire) — Chinese artificial intelligence firm DeepSeek has temporarily suspended its services in South Korea following concerns over excessive data collection and privacy violations. The move comes after the Personal Information Protection Commission (PIPC) flagged deficiencies in the company’s data handling practices and recommended a pause in operations until compliance measures are [...]
SEOUL, Feb. 17 (Korea Bizwire) — The South Korean Financial Supervisory Service (FSS) announced on February 16 that investors will now be able to confirm dividend amounts before investing in quarterly dividends, following recent regulatory changes. The amendment to the Capital Markets Act, which took effect this year, removed provisions that had fixed quarterly dividend record [...]
SEOUL, Feb. 17 (Korea Bizwire) — North Korean leader Kim Jong-un has paid his respects at the mausoleum of his father, late leader Kim Jong-il, on the anniversary of his birthday, state media reported Monday, marking his first reported visit to the family mausoleum on the late leader’s birth anniversary in four years. Kim visited [...]
SEOUL, Feb. 17 (Korea Bizwire) — A new analysis has revealed that South Korea’s large companies offer significantly higher wages and wage growth rates compared to their counterparts in Japan and the European Union. According to a report released February 16 by the Korea Enterprises Federation (KEF), the annual total wages at large Korean companies, excluding [...]
SEOUL, Feb. 17 (Korea Bizwire) — Samsung Electronics has established its first domestic Employee Resource Groups (ERGs) to promote an inclusive work environment and accelerate mutual growth between employees and the company. According to the Samsung Electronics Newsroom, the company held a launch ceremony for its Device Experience (DX) division’s ERGs on February 11 at its [...]