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Archive by category Management

Egyptian FM Celebrates 30 Years of Diplomatic Ties with S. Korea, Calls for Stronger Partnership

SEOUL, April 25 (Korea Bizwire) — Egyptian Foreign Minister Badr Abdelatty has contributed the following article to Yonhap News Agency, commemorating the 30th anniversary of diplomatic relations between South Korea and Egypt. In the piece, Abdelatty highlighted the enduring bilateral ties forged over the past three decades, underscoring cooperation in regional stability, economic development and [...]

Samsung SDI Swings to Q1 Loss on EV Market Slowdown

SEOUL, April 25 (Korea Bizwire) — Samsung SDI Co., South Korea’s second-biggest battery maker, said Friday it swung to a net loss in the first quarter from a year earlier due to a prolonged slump in the electric vehicle (EV) market. In the three months ended March, the company posted a net loss of 216 [...]

Kia Launches IT Education Center in Ivory Coast to Boost Youth Digital Skills

SEOUL, April 25 (Korea Bizwire) — Kia Corp. said Friday it has opened a new youth information technology (IT) education center in Ivory Coast as part of an initiative to promote digital literacy and youth empowerment in developing nations. The center in Bingerville aims to address limited access to IT education in the West African [...]

HD KSOE Q1 Net Profit Triples on Strong Ship Sales

SEOUL, April 24 (Korea Bizwire) — HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE) said Thursday its net income more than tripled in the first quarter from a year earlier on increased sales and strong demand for high-value vessels. The consolidated net profit of South Korea’s top shipyard came to 611.6 billion won (US$427.8 [...]

SK Bioscience Wins Patent Case Against Moderna in S. Korea

SEOUL, April 23 (Korea Bizwire) – SK bioscience Co., the biopharmaceutical arm of South Korea’s SK Group, said Wednesday it has achieved a “final victory” in a patent invalidation case against Moderna, the global developer of the messenger-RNA (mRNA) COVID-19 vaccine. SK bioscience filed a nullity suit in 2023 challenging Moderna’s patent on modified nucleosides, [...]

LG Innotek Q1 Net Income Sinks Nearly 40 Pct

SEOUL, April 23 (Korea Bizwire) — LG Innotek Co., an electronic component manufacturing unit of LG Group, said Wednesday its first-quarter net profit tumbled nearly 40 percent due to waning demand and intensifying competition. In a regulatory filing, the company reported a net income of 85.6 billion won (US$60.1 million) for the January-March period, down [...]

Samsung Biologics Q1 Net Soars on Expanded Output, Weak Won

SEOUL, April 23 (Korea Bizwire) — Samsung Biologics Co., the biotech arm of South Korea’s Samsung Group, said Wednesday its first-quarter net profit more than doubled from a year earlier, driven by expanded production and a weaker won. Net profit for the three months ended March surged to 375.6 billion won (US$263.9 million), up from [...]

Nongshim to Expand Rramyeon Key Chain Collaboration with Japan’s Bandai to Global Markets

SEOUL, April 22 (Korea Bizwire) – Nongshim Co., South Korea’s leading instant noodle maker, said Tuesday it plans to globally sell key chains featuring miniature replicas of the company’s ramyeon packaging, produced in collaboration with Japan’s leading toy company Bandai Co. Since 2022, Nongshim has partnered with Bandai to sell key chains modeled after its [...]

HD Hyundai Electric Q1 Net Jumps 64 Pct on U.S. Demand

SEOUL, April 22 (Korea Bizwire) — HD Hyundai Electric Co., a South Korean electrical equipment maker, said Tuesday its first-quarter net profit jumped 64 percent from a year earlier on strong demand for its products in the United States. Net profit for the three months ended March 31 rose to 153.4 billion won (US$107.9 million) [...]

LG Display Launches In-House AI Assistant to Boost Workplace Productivity

SEOUL, April 21, (Korea Bizwire) — LG Display announced Monday that it has developed and deployed its own artificial intelligence assistant — the first of its kind in the display industry — to streamline internal workflows and improve productivity. The AI assistant service, which debuted in early 2025, is designed to support individual productivity through [...]