SEOUL, March 29 (Korea Bizwire) — SK hynix announced Friday that it has completed its acquisition of Intel’s NAND memory business, solidifying its strategic push into the enterprise solid-state drive (SSD) market as demand for AI-driven data storage continues to soar. According to a regulatory filing with South Korea’s Financial Supervisory Service, the transaction was officially [...]
SEOUL, March 29 (Korea Bizwire) — In the first quarter of 2025, foreign investors significantly increased their holdings in South Korean semiconductor and defense stocks, led by SK Hynix, while retreating from shipbuilding and automotive shares, according to data from the Korea Exchange. From January to March 28, foreign investors were net sellers of 4.73 trillion [...]
SEOUL, March 27 (Korea Bizwire) — South Korea’s possible participation in the Alaska liquefied natural gas (LNG) project will likely be viewed “favorably” in tariff negotiations with the Donald Trump administration, Alaska’s governor has said. Alaska Gov. Mike Dunleavy made the remarks in a roundtable interview with Yonhap News Agency and other news outlets on [...]
SEOUL, March 27 (Korea Bizwire) — Samsung Asset Management announced on March 26 that its KODEX AI Semiconductor ETF has exceeded 100 billion won in net assets, highlighting growing investor interest in semiconductor companies with ties to artificial intelligence. The exchange-traded fund focuses on domestic companies involved in AI semiconductor technologies, including high-bandwidth memory chips [...]
SEOUL, March 26 (Korea Bizwire) — A growing number of South Korea’s isolated and withdrawn youth are attempting to reenter daily life through study and hobbies, but nearly 40% ultimately fall back into isolation, according to the country’s first nationwide survey on the issue released Tuesday. The Korean Youth Policy Institute’s 2024 National Survey on Isolated [...]
SEOUL, March 26 (Korea Bizwire) — As South Korea’s medical school boycott stretches beyond its first year, frustration is mounting across university campuses over what many students view as unprecedented leniency toward their peers in medical schools. “There’s nothing that puts medical students above the law, so why are they getting such special treatment?” says [...]
SEOUL, March 26 (Korea Bizwire) — South Korea’s Supreme Court Sentencing Commission announced on Tuesday new sentencing guidelines aimed at strengthening penalties for animal abuse, sexual offenses, large-scale fraud, and violations of electronic financial transaction laws. The updated guidelines, finalized during the commission’s 137th meeting on March 24, 2025, will apply to crimes prosecuted from [...]
SEOUL, March 26 (Korea Bizwire) – In what appears to be a calculated diplomatic gesture, China is showing signs of relaxing its unofficial ban on South Korean cultural imports, amid growing pressure from the United States and a desire to improve relations with its East Asian neighbor. The shift becomes apparent as high-profile K-pop girl [...]
SEOUL, March 25 (Korea Bizwire) — European companies operating in South Korea are increasingly dissatisfied with their business performance and the country’s regulatory environment, according to a new survey released Monday. The 2024/25 Korea Business Confidence Survey, conducted by the European Chamber of Commerce in Korea (ECCK), the Korean-German Chamber of Commerce and Industry (KGCCI), [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s elderly poverty rate remains the highest among OECD nations, according to the “Korea SDG Implementation Report 2025″ released by Statistics Korea on March 24. The comprehensive report, which analyzes Korea’s progress on 17 sustainable development goals through comparisons with other OECD countries, reveals both improvements and persistent [...]