SEOUL, June 11 (Korea Bizwire) — Hyundai Mobis announced Wednesday it has developed a new rear safety control system that allows vehicles to autonomously accelerate to maintain a safe distance when being tailgated — a technological first aimed at enhancing driver protection on highways. The feature, which integrates rear-side radar sensors with front-facing cameras and driving [...]
CHEONGJU, June 11 (Korea Bizwire) — Amid rising temperatures and shifting weather patterns driven by climate change, South Korea’s disease control agency has unveiled a comprehensive five-year plan to strengthen the nation’s defenses against vector-borne diseases such as Japanese encephalitis, malaria, and tick-borne infections. At a briefing held Wednesday at its Osong headquarters, the Korea [...]
SEOUL, June 11 (Korea Bizwire) — The nation’s largest tech business exhibition, Smart Tech Korea 2025, opened Tuesday at COEX in Seoul, bringing together cutting-edge innovations from around the globe under the themes of “Bold Technological Innovation” and “Shaping the Future.” The event runs through June 13. Now in its 14th year, the expo features [...]
SEOUL, June 11 (Korea Bizwire) – Household loans extended by South Korean banks rose sharply in May, central bank data showed Wednesday, driven by an increase in housing transactions. Banks’ outstanding household loans stood at 1,155.3 trillion won (US$845.07 billion) as of end-May, up 5.2 trillion won from a month earlier, according to the data [...]
SEOUL, June 11 (Korea Bizwire) — South Korea’s exports went up 5.4 percent from a year earlier in the first 10 days of this month driven by robust demand for semiconductors and automobiles, data showed Wednesday. Outbound shipments reached US$15.47 billion in the June 1-10 period, compared with $14.68 billion tallied a year earlier, according [...]
SEOUL, June 11 (Korea Bizwire) — Only six percent of 171 listed companies on South Korea’s main stock exchange have adopted cumulative voting, a system aimed at enhancing shareholder rights, according to a report released Wednesday by a local research institute. Happy ESG, a corporate governance research group, analyzed the governance structures of 171 companies [...]
SEOUL, June 11 (Korea Bizwire) – As the craze for early English education intensifies in South Korea, tuition at so-called “English kindergartens” — private institutions offering immersive language instruction for preschoolers — has surged significantly over the past year, according to a new report. Data compiled by lawmaker Kang Kyung-sook of the Innovation Party and [...]
SAMCHEOK, June 11 (Korea Bizwire) — With the closure of the historic Samcheok Dogye Mine scheduled for later this month, a new museum exhibition is casting a spotlight on the coal-fueled legacy of one of South Korea’s most iconic mining towns. The joint exhibition, titled “Coal Age,” opened Tuesday at the Samcheok City Museum in [...]
Seoul, June 10 (Korea Bizwire) — Korean Air, Genesis, and Samsung’s Galaxy smartphones topped the list of premium brands most favored by South Korea’s top corporate leaders, according to a new survey released Tuesday by the business journal Hyundai Management. The annual Best Premium Brands survey, based on responses from 100 CEOs at Korea’s 500 largest [...]
SEOUL, June 10 (Korea Bizwire) — Musinsa Co., a South Korean fashion platform, said Tuesday it plans to open offline stores in China and Japan in the coming months as part of its global expansion strategy. The company currently offers around 8,000 South Korean fashion brands on its online platform and operates several offline stores [...]