SEOUL, July 17 (Korea Bizwire) — South Korea aims to build a lunar base by 2045 under its new long-term national space exploration roadmap, the country’s space agency said Thursday. The Korea AeroSpace Administration (KASA) revealed the country’s latest space exploration vision during a public hearing at the National Research Foundation of Korea in the [...]
SEOUL, July 17 (Korea Bizwire) — South Korean internet conglomerate Naver Corp. said Thursday it plans to introduce a suite of artificial intelligence-powered video tools and extended-reality platforms in the second half of 2025, as it ramps up efforts to establish its own live broadcast media ecosystem. The company said it has expanded its Immersive [...]
SEOUL, July 17 (Korea Bizwire) — Imported vehicle registrations in South Korea have surged 38-fold over the past three decades, driven by diversifying consumer tastes, an industry association said Thursday. Annual imported car registrations rose from just 6,921 units in 1995 to 263,288 last year, the Korea Automobile Importers and Distributors Association (KAIDA) said in [...]
SEOUL, July 17 (Korea Bizwire) – A leading government-affiliated research institute has issued a stark warning against adopting a defined contribution (DC) pension model as an alternative to South Korea’s current national pension system, calling it a “poisoned chalice” ill-suited to the country’s demographic and economic realities. The report, released Wednesday by the National Pension [...]
SEOUL, July 17 (Korea Bizwire) — As South Korea grapples with deepening youth unemployment, a new study reveals that the share of employees in their 20s at the country’s top conglomerates has plummeted over the past two years—raising concerns about a generational imbalance in the corporate workforce. According to a report released Wednesday by CEO [...]
SEOUL, July 16 (Korea Bizwire) — Boy band Monsta X on Wednesday attributed its decade-long run to the family-like bond and shared sense of purpose among its members, as the group marked 10 years since its debut. “I’ve spent more time with my bandmates than with my own brother who lives abroad,” member Minhyuk said [...]
SEOUL, July 16 (Korea Bizwire) — LG Innotek has unveiled its latest automotive innovation—a next-generation digital key solution that enhances vehicle security, driver convenience, and child safety through precision wireless communication and AI-powered features. At a technology showcase held on July 15 at its Seoul headquarters, LG Innotek demonstrated a range of functionalities enabled by [...]
SEOUL, July 16 (Korea Bizwire) — Hyundai Motor Co. on Wednesday launched an upgraded model of its ST1 electric van, enhancing convenience features and adding a new budget-friendly trim for the cargo model. First launched last year, the ST1 is equipped with a 76.1 kilowatt-hour (kWh) battery that offers a range of up to 317 [...]
SEOUL, July 16 (Korea Bizwire) — One in nine South Korean civil servants recently participated in the long-criticized custom of subordinates treating senior officials to meals, underscoring the persistence of outdated hierarchical practices within the public sector despite reform efforts. A joint survey released Friday by the Ministry of the Interior and Safety and the [...]
SEOUL, July 16 (Korea Bizwire) — A new study has revealed that the trading strategies of South Korea’s National Pension Service (NPS), which oversees more than 1,000 trillion won ($730 billion) in assets, can significantly affect market volatility and transaction costs—particularly when investments are outsourced to external managers. According to a report released Tuesday by [...]