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 [...]
SEOUL, Sept. 9 (Korea Bizwire) — Platform and special employment workers in South Korea, long excluded from basic labor protections, earn far below the legal minimum wage and face chronic job insecurity, according to a new government-backed study that is fueling calls for urgent reform. A report by the Korea Labor Institute estimated that about [...]
SEOUL, Sept. 9 (Korea Bizwire) — As South Korea weighs proposals for a shorter workweek and extended retirement age, a growing number of companies are already adopting flexible schedules — in some cases reducing hours to just four days — in what could become a model for broader labor market reform. Major firms including SK [...]
SEJONG, Sept. 9 (Korea Bizwire) — The Trump administration has stepped up efforts to enlist South Korea’s nuclear industry in its ambitious plan to launch 10 new large-scale reactors by 2030, underscoring Washington’s dependence on foreign builders to revive a domestic sector weakened by decades of dormancy. According to government and industry officials, U.S. Deputy [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s central bank has warned that failing to act decisively on climate change could leave the nation facing prolonged inflationary pressures as extreme heat and heavy rainfall increasingly disrupt prices. In a report released Monday, the Bank of Korea found that a one-degree Celsius “heat shock,” defined as the [...]
YEONGCHEON, South Korea, Sept. 8 (Korea Bizwire) — In the early hours of Monday morning, more than 70 stargazers huddled on a damp lawn outside Bohyeonsan Astronomical Science Museum to witness a spectacle unseen in three years: a total lunar eclipse. Clouds hung over the southeastern city of Yeongcheon after a day of rain, but [...]
BERLIN, Sept. 8 (Korea Bizwire) — At Europe’s largest electronics fair, IFA 2025, Samsung Electronics unveiled a full-scale modular home outfitted with artificial intelligence technologies, underscoring its ambitions to shape the future of residential living. Erected beside Samsung’s exhibition hall at CityCube Berlin, the 218-square-meter, two-bedroom house was built in partnership with Samsung C&T and [...]
SEOUL, Sept. 8 (Korea Bizwire) — Defense giant Hanwha Aerospace Co. said Monday it has signed a 270 billion-won (US$194.1 million) deal with the state arms procurement agency to mass produce explosive detection robots starting this year. Under the agreement with the Defense Acquisition Program Administration (DAPA), the remote-controlled robots will be capable of detecting [...]
SEOUL, Sept. 8 (Korea Bizwire) — Rose, a member of the K-pop group BLACKPINK, picked up two trophies, including Song of the Year, at the 2025 MTV Video Music Awards on Sunday (U.S. time). She won the honor for “APT.,” her collaboration single with global pop icon Bruno Mars, and accepted Best Group on behalf [...]
SEOUL, Sept. 8 (Korea Bizwire) — For the first time, older workers now make up a larger share of full-time employees at South Korea’s major corporations than younger recruits, underscoring the deepening generational divide in the country’s labor market. A report released Sunday by the Korea Employers Federation found that employees aged 55 to 59 in [...]