Home / Features / Archive by category Top News (Page 28)

Archive by category Top News

South Korea Lays Out Long-Term Plan to Cement Lead in Next-Generation Memory Chips

SEOUL, Dec. 10 (Korea Bizwire) — South Korea unveiled a sweeping industrial strategy Wednesday to defend its lead in advanced memory semiconductors and accelerate development in underperforming segments, as global competition over artificial intelligence (AI) chips intensifies. Industry Minister Kim Jung-kwan said the government will invest 215.9 billion won ($146.8 million) by 2032 in next-generation memory [...]

Land Shortage in Songdo Bio Cluster Prompts Plans to Reallocate Sites for Expanding Biopharma Firms

INCHEON, Dec. 10 (Korea Bizwire) — Facing a shortage of industrial land for rapidly expanding biopharmaceutical companies in Songdo International Business District, Incheon authorities are moving to reassign plots originally earmarked for public institutions and universities to accommodate additional factory space, officials said Tuesday. The Incheon Free Economic Zone Authority (IFEZA) said Incheon Main Customs has [...]

Hyundai Motor Group Nears Annual Sales Target for First Time in 11 Years as Tariff Risks Ease

SEOUL, Dec. 10 (Korea Bizwire) — Hyundai Motor Group is on the verge of achieving its annual global sales target for the first time in more than a decade, helped by easing tariff pressures in the United States and surging demand for hybrid and electric vehicles in key overseas markets, the company said Tuesday. The group [...]

Samsung to Build High-Tech Logistics Hub in Hwaseong to Anchor Southern Seoul Industrial Corridor

SEOUL, Dec. 10 (Korea Bizwire) — Samsung Electronics will establish a major high-tech logistics center inside the H-Technovalley industrial complex in Hwaseong, Gyeonggi Province, the city government said Tuesday, marking the company’s third domestic logistics base after facilities in Pyeongtaek and Gochang. Hwaseong City signed an agreement with Samsung Electronics and H-Technovalley developer H Technovalley Co. [...]

Samsung Electro-Mechanics Invests in Norwegian Motor Firm to Bolster Humanoid Robot Business

SEOUL, Dec. 9 (Korea Bizwire) — Samsung Electro-Mechanics has made a multi-million-euro investment in a Norwegian maker of ultra-small, high-performance electric motors as the company accelerates its expansion into humanoid robotics, industry sources said Tuesday. The investment in Alva Industries, founded in 2017, was made through Samsung Venture Investment and funded by the SVIC 47 New [...]

Job Seekers Remain Discouraged as Labor Market Tightens, Survey Finds

SEOUL, Dec. 9 (Korea Bizwire) — Six out of ten South Korean college seniors and recent graduates who are searching for jobs say they are doing so only passively, with little expectation of being hired, according to a nationwide survey released Monday by the Korea Employers Federation. The survey, conducted between October and November among 2,492 [...]

Single-Person Households Become South Korea’s Largest Living Arrangement, Data Shows

SEOUL, Dec. 9 (Korea Bizwire) — Single-person households have become the most common living arrangement in South Korea, accounting for roughly 36 percent of all households last year, according to government data released Tuesday. The annual survey by the Ministry of Data and Statistics found that 8.05 million households consisted of a single person in 2024, [...]

Major Data Breaches Over a Decade Create a Complete “Digital Profile” of Koreans, Experts Warn

SEOUL, Dec. 9 (Korea Bizwire) — A series of massive data leaks over the past decade, culminating in a recent breach involving 33.7 million Coupang accounts, has created a landscape in which personal information circulates widely and can now be used to reconstruct an individual’s identity and daily habits with alarming precision. While each incident may [...]

Seoul to Introduce Weekend Car-Free Running Program Inspired by Kuala Lumpur

SEOUL, Dec. 9 (Korea Bizwire) — Seoul plans to launch a pilot car-free running program next spring, allowing residents to jog through parts of the city center on weekend mornings, Mayor Oh Se-hoon announced during a visit to Kuala Lumpur this week. The initiative takes inspiration from Kuala Lumpur’s “Car-Free Morning,” a municipal fitness program that [...]

AI Technology Helps Korea Reconstruct Faces of Long-Missing Children and Track Disappearances

SEOUL, Dec. 9 (Korea Bizwire) — On a public bulletin board outside the Namdaemun police substation in central Seoul, posters show faces of missing children — not only as they once appeared decades ago, but as they likely look today. A 13-year-old boy missing since the late 1980s is pictured as a man in his 50s; [...]