SEOUL, Sept. 12 (Korea Bizwire) — More than 300 South Korean workers detained in a sweeping U.S. immigration raid have been released a week after their arrest, bringing relief to families and easing fears that the dispute could further strain bilateral ties. On Thursday, buses carrying the workers left an Immigration and Customs Enforcement (ICE) [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korea’s corporate sector is bracing for a slowdown in U.S. investment following the detention of more than 300 Korean nationals in an immigration raid, a crisis that has already disrupted battery factory construction and cast doubt over high-profile bilateral projects. The most immediate impact has fallen on HL-GA, [...]
SEOUL, Sept. 11 (Korea Bizwire) — Samsung Electronics has emerged as South Korea’s dominant force in artificial intelligence, ranking far ahead of domestic rivals Naver and LG, according to a new industry analysis. Yet even the nation’s top firms remain far behind American and Chinese tech giants in global AI competitiveness. The study, released Tuesday [...]
MUNICH, Sept. 11 (Korea Bizwire) — Hyundai Mobis, the parts and technology arm of Hyundai Motor Group, used Europe’s largest mobility exhibition on Tuesday to sharpen its ambition of becoming a global top-three auto supplier, highlighting its push into electrification and software-defined vehicles. At the IAA Mobility 2025 in Munich, Axel Maschka, the company’s head [...]
SEOUL, Sept. 10 (Korea Bizwire) — OpenAI, the U.S. tech company behind ChatGPT, said Wednesday it is seeking to expand partnerships with South Korean technology firms, including SK hynix Inc. and Samsung Electronics Co., to build artificial intelligence (AI) infrastructure. “I think there are many ways to partner with OpenAI when it comes to building [...]
SEOUL, Sept. 10 (Korea Bizwire) — A new government-commissioned study has found that nearly four in ten South Korean adolescents view e-cigarettes as either a substitute for conventional cigarettes or a tool to quit smoking, underscoring the growing influence of targeted marketing campaigns by tobacco companies. The report, released Tuesday by Sahmyook University at the [...]
SEOUL, Sept. 10 (Korea Bizwire) — South Korea’s financial watchdog cautioned retail investors on Tuesday about the risks of exchange-traded funds (ETFs), even as the market for such products has expanded more than fourfold in recent years. According to the Financial Supervisory Service (FSS), the nation’s ETF market reached 232 trillion won ($168 billion) in [...]
FOLKSTON, Ga. Sept. 9 (Korea Bizwire) — The return of more than 300 South Korean workers detained in last week’s U.S. immigration raid at Hyundai Motor and LG Energy Solution’s joint battery plant is drawing relief in Seoul, but partner companies say their absence has left a gaping hole in the highly specialized construction project. [...]
Seoul Museum Pairs K-Pop Anime With Centuries-Old Tiger-and-Magpie Motifs SEOUL, Sept. 9 (Korea Bizwire) — As Netflix’s animated feature K-Pop Demon Hunters continues to draw global attention, a Seoul museum is spotlighting the traditional roots behind some of its most popular characters. The Leeum Museum of Art in Hannam-dong is hosting a special exhibition titled [...]
MUNICH, Sept. 9 (Korea Bizwire) — Hyundai Motor unveiled its first small electric vehicle concept on Tuesday at Europe’s largest mobility fair, underscoring the South Korean automaker’s push to expand its EV lineup into the compact segment, where demand is strongest in Europe. The concept car, dubbed “Concept THREE,” was introduced at the IAA Mobility 2025 [...]