SEOUL, Sept. 12 (Korea Bizwire) –In a surprising turn of events, the popular K-pop girl group NewJeans has issued an ultimatum to their management company HYBE and its chairman Bang Si-hyuk, demanding the reinstatement of former CEO Min Hee-jin by September 25. This bold move has led industry insiders to speculate about the possibility of [...]
SEOUL, Sept. 12 (Korea Bizwire) – Samsung Electronics’ ambitious push into advanced chip manufacturing in the United States has encountered a significant setback, with the company recalling a majority of its Korean employees from its Taylor, Texas foundry project. This move signals a pause in the semiconductor giant’s drive to challenge Taiwan’s TSMC in the cutting-edge [...]
SEOUL, Sept. 12 (Korea Bizwire) – Bentley, the British luxury automaker, has launched the fourth generation of its flagship sedan, the Flying Spur, in South Korea, choosing the country for the model’s global premiere. On September 11, Bentley Motors Korea held a media launch event at the Bentley Tower in Dongdaemun-gu, Seoul, to introduce the latest [...]
SEOUL, Sept. 12 (Korea Bizwire) – In a bid to boost employee morale and bridge generational gaps, several South Korean companies are turning to an unlikely source: e-sports tournaments. These in-house gaming competitions are becoming increasingly popular as a means to promote teamwork and create a more relaxed corporate culture. Hyundai Wia, a leading automotive parts [...]
DAEJEON, Sept. 12 (Korea Bizwire) – The Korea Institute of Energy Research (KIER) has announced a breakthrough in urban electrification technology, leveraging artificial intelligence to stabilize renewable energy grids in cities. The development, announced on September 11, marks a significant step towards sustainable urban environments and carbon neutrality. Urban electrification, the process of transitioning city energy [...]
DONGHAE, Sept. 12 (Korea Bizwire) – The coastal city of Donghae in Gangwon Province has launched a series of smart bus shelters equipped with Internet of Things (IoT) technology, marking a significant upgrade to its public transportation infrastructure. City officials announced on September 11 that the new shelters, which go beyond traditional waiting areas, are designed [...]
SEOUL, Sept. 12 (Korea Bizwire) – Krafton, the South Korean video game powerhouse behind global hit “PlayerUnknown’s Battlegrounds,” is making a significant pivot into the rapidly growing short-form drama market, signaling a major diversification effort for the company. On September 11, Krafton announced a 120 billion won equity investment in Spoonlabs, a company known for its [...]
SEJONG, Sept. 12 (Korea Bizwire) – The family of the late Kim Jung-ju, founder of the gaming giant Nexon, has completed the payment of their inheritance tax, estimated at over 5 trillion won, drawing attention to its potential impact on South Korea’s tax revenue. However, the actual cash contribution to the national coffers is expected to [...]
SEOUL, Sept. 12 (Korea Bizwire) – In an effort to minimize damage from localized extreme rainfall, Gangnam District in Seoul has launched a pilot program for an advanced flood monitoring and prediction system, local officials announced on September 11. The system, which combines artificial intelligence (AI) and Internet of Things (IoT) technologies, has been dubbed the [...]
DAEJEON, Sept. 12 (Korea Bizwire) – In a breakthrough that could revolutionize sustainable energy production, researchers at the Korea Institute of Machinery and Materials (KIMM) have developed an energy harvester capable of generating electricity from seawater, the institute announced on September 11. Energy harvesters are devices designed to capture and convert ambient energy sources, such as [...]