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Samsung Lands $16.4 Billion AI Chip Deal With Tesla, Signaling Strategic U.S. Expansion

Samsung Lands $16.4 Billion AI Chip Deal With Tesla, Signaling Strategic U.S. Expansion

SEOUL, July 28 (Korea Bizwire) — Samsung Electronics said Monday it has secured a landmark 22.8 trillion-won (approximately $16.4 billion) contract to supply artificial intelligence semiconductors, in what it described as the largest chip order in its history. The South Korean tech giant declined to name the customer in a regulatory filing, citing confidentiality. But hours

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Encrypted Silence: As Key Figures Withhold iPhone Passwords, South Korean Investigations Stall

Encrypted Silence: As Key Figures Withhold iPhone Passwords, South Korean Investigations Stall

SEOUL, July 28 (Korea Bizwire) — South Korea is grappling with the increasing challenge of suspects refusing to reveal their smartphone passwords—a trend spotlighted most recently by former President Yoon Suk-yeol’s reported noncompliance in a high-profile investigation into the death of military corporal Chae. Prosecutors say Yoon’s refusal to unlock his device has hindered the

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Hyundai’s U.S. Localization Plan Puts Pressure on Korean Auto Parts Industry

Hyundai’s U.S. Localization Plan Puts Pressure on Korean Auto Parts Industry

SEOUL, July 28 (Korea Bizwire) — Hyundai Motor’s move to localize auto parts production in the United States in response to steep U.S. tariffs is casting a shadow over South Korea’s auto parts industry, sparking concerns of declining exports and weakened domestic supply contracts. In its second-quarter earnings call on July 24, Hyundai confirmed it

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Workplace Bullying of Migrant Workers Exposes Flaws in Korea’s Employment Rules

Workplace Bullying of Migrant Workers Exposes Flaws in Korea’s Employment Rules

GWANGJU, July 28 (Korea Bizwire) — A recent case of workplace bullying in Naju, South Korea, has once again exposed the harsh realities faced by migrant workers—many of whom suffer in silence under a labor system critics say traps them in abusive conditions. According to the Gwangju-Jeonnam Migrant Human Rights Network and the Jeonnam Labor

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Battery Stocks Soar in Korea, But Retail Investors Bet on a Reversal

Battery Stocks Soar in Korea, But Retail Investors Bet on a Reversal

SEOUL, July 28 (Korea Bizwire) — South Korea’s battery sector surged to the top of domestic stock performance rankings in July, buoyed by rising lithium prices and new U.S. trade actions against China. Yet individual investors are increasingly betting on a market correction, diverging sharply from the bullish stance of foreign institutions. According to data

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LG Expands in Japan with Crowdfunded Styler, Tailored to Local Consumer Needs

LG Expands in Japan with Crowdfunded Styler, Tailored to Local Consumer Needs

SEOUL, July 28 (Korea Bizwire) — LG Electronics has launched a new clothing care device, the LG Styler S3WW, through Japan’s crowdfunding platform “Green,” marking a strategic move to gauge market demand and bolster brand presence in one of the world’s most competitive consumer electronics markets. The new model is a simplified, value-focused version of

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LG Expands Wildlife Conservation Campaign with 3D Pygmy Owl Video in Times Square

LG Expands Wildlife Conservation Campaign with 3D Pygmy Owl Video in Times Square

SEOUL, July 28 (Korea Bizwire) — LG Electronics has unveiled the latest installment in its wildlife conservation campaign, broadcasting a striking 3D video of the endangered pygmy owl on the digital billboards of New York’s Times Square, the company announced Sunday. The short film, part of LG’s ongoing “Life’s Good” environmental initiative, marks the seventh

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