SEOUL, May 6 (Korea Bizwire) — South Korea’s beauty industry continues its explosive global ascent, with overseas direct purchases of Korean cosmetics and perfumes — commonly referred to as K-beauty — nearly doubling in 2024 to approach $1 billion, according to newly released customs data. The Korea Customs Service, in data submitted to Rep. Park Sung-hoon [...]
SEOUL, May 6 (Korea Bizwire) — South Korean e-commerce giant Coupang, Inc. said Tuesday it has launched an English interface for its mobile application to better cater to its foreign customers shopping online. The English interface will enable users to view functions central to the app, including product search, product descriptions, order information and payment, [...]
SEOUL, May 5 (Korea Bizwire) — South Korean investors are turning their attention from traditional tech giants to artificial intelligence (AI) leaders, with U.S.-based software firm Palantir Technologies now surpassing Apple in Korean-held investment value. According to data released by the Korea Securities Depository, as of April 30, domestic investors held $4.26 billion (approximately 6 trillion [...]
SEOUL, May 5 (Korea Bizwire) — A month after South Korea fully reinstated short selling across all listed stocks, expectations that foreign investors would return to the domestic market have yet to materialize, despite signs of market resilience and easing volatility. According to data from the Korea Exchange, total short-selling turnover on the KOSPI and KOSDAQ [...]
SEOUL, May 5 (Korea Bizwire) — Samsung Electronics and LG Electronics are seeing robust growth in their automotive electronics divisions, with first-quarter earnings from these units matching or even surpassing those from their flagship home appliance and television businesses—a sign of accelerating transformation in both firms’ business portfolios. According to industry data released on May 4, [...]
INCHEON, May 2 (Korea Bizwire) — As dusk settled over Songdo’s Moonlight Festival Park, the stage lights snapped on like a thunderclap, and the crowd of 25,000 braced themselves. Then came that riff — snarling, iconic — and a voice roared out into the open night: “You are in the jungle, baby!” With that, Guns N’ [...]
SEOUL, May 2 (Korea Bizwire) — A South Korean civilian-government delegation recently wrapped up a four-nation Latin America visit to promote defense exports, the state arms procurement agency said Friday, as Seoul seeks to diversify its overseas arms sales. The delegation, comprising officials from the Defense Acquisition Program Administration (DAPA), defense and foreign ministries, and [...]
SEOUL, April 29 (Korea Bizwire) — South Korean scientists have developed an artificial intelligence (AI) technology capable of identifying autism spectrum disorder (ASD) in infants at an earlier stage than ever before, potentially transforming early intervention efforts. The Electronics and Telecommunications Research Institute (ETRI) and a team led by Professor Yoo Hee-jung from the Department of [...]
JAKARTA, April 29 (Korea Bizwire) — A major electric vehicle (EV) battery value chain project in Indonesia has been thrown into uncertainty after a consortium led by LG Energy Solution withdrew its investment plans, the Jakarta Post reported on Tuesday, delivering a setback to the Southeast Asian nation’s aspirations of becoming a global EV hub. [...]
SEOUL, April 29 (Korea Bizwire) — Hyundai Motor Co. said Tuesday it has introduced a revamped version of its Xcient heavy-duty hydrogen fuel cell truck at a clean transport exhibition in the United States. The upgraded Xcient, which includes a newly designed hydrogen fuel cell system, was showcased at the Advanced Clean Transportation Expo 2025 [...]