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Corporations Lag in Cybersecurity Investment Despite AI Push

Corporations Lag in Cybersecurity Investment Despite AI Push

SEOUL, July 10 (Korea Bizwire) — South Korea’s largest corporations continue to invest heavily in emerging technologies such as artificial intelligence and big data, but their spending on cybersecurity remains strikingly low — averaging just 0.1% of total revenue, according to new industry data. A study released Wednesday by corporate research firm CEO Score analyzed [...]

POSCO Sells Stake In Chinese Stainless Steel Mill: Sources

POSCO Sells Stake In Chinese Stainless Steel Mill: Sources

SEOUL, July 9 (Korea Bizwire) — POSCO Holdings Inc., the holding company of South Korea’s leading steelmaker POSCO, has sold its entire stake in a Chinese stainless steel joint venture for around 400 billion won (US$291 million), industry sources said Wednesday. According to the sources, POSCO Holdings had signed a preliminary deal to sell its [...]

Sales Of S. Korean Mobile Games Fall 13 Pct In H1: Data

Sales Of S. Korean Mobile Games Fall 13 Pct In H1: Data

SEOUL, July 9 (Korea Bizwire) – Mobile game sales generated from South Korean companies fell 13 percent from a year earlier in the first half of 2025, industry data showed Wednesday. Combined sales of local gaming companies from January to June totaled 3.3 trillion won (USD$2.4 billion), down from 3.8 trillion won a year earlier, [...]

Kia’s Niro Hybrid Beats Global Competitors In Comparison Test

Kia’s Niro Hybrid Beats Global Competitors In Comparison Test

SEOUL, July 9 (Korea Bizwire) – The Niro Hybrid, an eco-friendly sport utility vehicle (SUV) of Kia Corp., came out on top among competing global models in a comparison test conducted by Germany’s leading automotive magazine, Auto Zeitung, the South Korean automaker said Wednesday. The German magazine recently compared five popular hybrid SUVs — Kia’s [...]

Samsung Electronics Acquires U.S. Digital Health Firm Xealth

Samsung Electronics Acquires U.S. Digital Health Firm Xealth

  SEOUL, July 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has acquired U.S.-based digital health technology company Xealth in a bid to expand its health care information technology (IT) ecosystem. The acquisition agreement was signed on the previous day, and the acquisition process is expected to be completed by the end of [...]

Samsung Slashes Chip Division Bonuses Amid Foundry Losses and Weak NAND Market

Samsung Slashes Chip Division Bonuses Amid Foundry Losses and Weak NAND Market

SEOUL, July 4 (Korea Bizwire) — Samsung Electronics will significantly reduce performance bonuses for its semiconductor division in the first half of 2025, reflecting continued weakness in its foundry and NAND flash businesses. According to an internal announcement made on July 4, employees in the Device Solutions (DS) division — responsible for the company’s semiconductor [...]

Samyang Foods Begins Construction Of 1st Overseas Plant In China

Samyang Foods Begins Construction Of 1st Overseas Plant In China

SEOUL, July 3 (Korea Bizwire) — Samyang Foods Inc., maker of the globally popular Buldak spicy ramyeon, said Thursday it has begun construction of its first overseas production facility in China to meet growing demand for its signature product. The company will invest 201.4 billion won (US$148 million) in the new plant, which will be [...]

S. Korea, China Discuss APEC Cooperation, Steel Structures In Yellow Sea

S. Korea, China Discuss APEC Cooperation, Steel Structures In Yellow Sea

SEOUL, July 2 (Korea Bizwire) — South Korea and China have discussed cooperation on the upcoming Asia-Pacific Economic Cooperation (APEC) summit here and other pending bilateral issues, likely including Beijing’s steel structures in the overlapping maritime zone in the Yellow Sea, Seoul officials said Wednesday. The working-level dialogue took place Tuesday, led by Kang Young-shin, [...]

S. Korea, Poland Confirm Additional Export Deal Of K2 Tanks

S. Korea, Poland Confirm Additional Export Deal Of K2 Tanks

SEOUL, July 2 (Korea Bizwire) — South Korea and Poland have completed talks over the export of additional K2 tanks to the European nation, the South’s state arms procurement agency said Wednesday, in what would be the first major arms contract signed under the new government when signed. Polish Defense Minister Wladyslaw Kosiniak-Kamysz and Hyundai [...]

Google Sees Room For AI Growth In S. Korea’s Mature Tech Market: Official

Google Sees Room For AI Growth In S. Korea’s Mature Tech Market: Official

SEOUL, July 2 (Korea Bizwire) — Google’s diversified artificial intelligence (AI) tools, designed to support human creativity through multilingual and multicultural models, are well-positioned to thrive in South Korea’s mature and tech-savvy market, a senior official from the U.S. tech giant said Wednesday. “It is very early days. I think there is still so much [...]