SEOUL, Sept. 2 (Korea Bizwire) — South Korea’s battery makers, long buoyed by global demand for electric vehicles, are bracing for a sharp downturn after the United States abruptly ended tax credits for EV purchases, a move analysts warn could choke demand for Korean cells. In a report released Sunday, the Korea Institute for Industrial [...]
SEOUL, Sept. 2 (Korea Bizwire) — Worker productivity at South Korea’s five largest commercial banks jumped nearly 27 percent in the first half of 2025, topping 200 million won ($147,000) per employee for the first time, according to regulatory filings. The gains narrowed a long-standing gap with internet-only banks, whose per-capita profit, while still higher [...]
SEOUL, Sept. 2 (Korea Bizwire) – Advances in personalized medicine are helping transform the outlook for children diagnosed with acute lymphoblastic leukemia (ALL), the most common form of childhood blood cancer. A study by researchers at Asan Medical Center in Seoul found that adjusting chemotherapy intensity according to the level of minimal residual disease (MRD) [...]
BUSAN, Sept. 2 (Korea Bizwire) — South Korea’s state-run Korea Ocean Business Corporation (KOBC) said Monday it will roll out a pilot program this year that allows ordinary citizens to become shipowners through fractional investment. The initiative, to be conducted under existing securities and asset securitization laws, will issue profit-linked securities backed by vessels already [...]
SEOUL, Sept. 1 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. on Monday launched a new public-private consultative body aimed at fostering cooperation in the future mobility sector together with government agencies, businesses and research institutions to address transportation challenges. The launch ceremony for the alliance, named the Next Urban Mobility Alliance (NUMA), was [...]
SEOUL, Sept. 1 (Korea Bizwire) — Britain’s Trade Minister Douglas Alexander paid a rare visit to an artificial intelligence (AI) research center of LG Group on Monday as the South Korean company prepares to launch a new financial service with the London exchange. Alexander visited the AI research center in western Seoul with officials from [...]
SEOUL, Sept. 1 (Korea Bizwire) — A majority of South Korean companies prefer to rehire older employees after retirement rather than extend their contracts or adopt alternative employment models, according to a new survey that underscores both the demand for experienced workers and the challenges of managing labor costs. The Korea Employers Federation (KEF) said [...]
GANGNEUNG, South Korea, Aug. 31 (Korea Bizwire) — Under searing 35-degree heat, fire crews from across the country converged on Gangneung on Sunday, hauling thousands of tons of water in an urgent effort to relieve one of the worst droughts to hit the region in decades. At the Hongje Water Purification Plant, which supplies drinking [...]
SEOUL, Aug. 29 (Korea Bizwire) — Seoul Auction will commemorate the 20th anniversary of the death of Nam June Paik, the pioneering “father of video art,” with a special exhibition opening Friday at its Gangnam Center in southern Seoul. Titled “Great Insight: Nam June Paik and the Artists of His Time,” the show brings together [...]
SEOUL, Aug. 29 (Korea Bizwire) — Louis Vuitton unveiled its first-ever beauty line, La Beauté Louis Vuitton, in Seoul on Friday, marking the global debut of the French luxury house’s long-awaited entry into cosmetics. The collection, comprising 55 shades of lipstick, 10 tinted balms and four eye shadow palettes, was presented at a pop-up store [...]