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S. Korea to Draw Up New Unification Vision Based on Liberal Democracy

S. Korea to Draw Up New Unification Vision Based on Liberal Democracy

SEOUL, Mar. 8 (Korea Bizwire) — The unification ministry said Friday it will draw up a new vision for unification between the two Koreas to include the principle of liberal democracy amid North Korea’s vow not to seek unification with the South. The government earlier said it plans to update the National Community Unification Formula, [...]

FM Cho Calls for U.S. Entrepreneurs to Expand Investment in S. Korea

FM Cho Calls for U.S. Entrepreneurs to Expand Investment in S. Korea

WASHINGTON, Feb. 28 (Korea Bizwire) – South Korean Foreign Minister Cho Tae-yul called on American entrepreneurs to “more actively” expand their investment in Korea, stressing Seoul’s endeavors to ensure a friendly business environment in the Asian country, his office said Wednesday. Cho made the call during Tuesday’s meeting with representatives from a series of companies, [...]

S. Korea, China, Japan Agree to Expedite Preparations for Trilateral Leaders’ Summit: FM

S. Korea, China, Japan Agree to Expedite Preparations for Trilateral Leaders’ Summit: FM

BUSAN, Nov. 26 (Korea Bizwire) — South Korea, China and Japan agreed Sunday to accelerate preparations to resume the long-stalled summit among the leaders of the three countries at an “earliest, mutually convenient” time, Seoul’s Foreign Minister Park Jin said. Park made the remarks after holding the tripartite talks with Chinese Foreign Minister Wang Yi [...]

Yoon, Kishida Receive JFK Profile in Courage Award for Improving Seoul-Tokyo Ties

Yoon, Kishida Receive JFK Profile in Courage Award for Improving Seoul-Tokyo Ties

WASHINGTON, Oct. 29 (Korea Bizwire) — The John F. Kennedy Library Foundation on Sunday presented its annual prestigious award to South Korean President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida for their efforts to improve their countries’ relations, long plagued by historical issues. The foundation honored Yoon and Kishida with the special International [...]

Innovative AI-Generated Video Unveils Korea Through the Eyes of Renowned Artists

Innovative AI-Generated Video Unveils Korea Through the Eyes of Renowned Artists

SEOUL, Oct. 25 (Korea Bizwire) – The Ministry of Culture, Sports and Tourism, in collaboration with the Korea Tourism Organization, has unveiled a groundbreaking tourism video, “If Van Gogh Visited Korea,” (https://www.youtube.com/watch?v=rPZGxw6Jsrg) generated using cutting-edge artificial intelligence (AI).  This innovative project, released on YouTube, introduces viewers to South Korea’s iconic tourist destinations through the unique artistic [...]

10 of Korea’s Top 500 Listed Companies Achieved 94 Consecutive Profitable Quarters, Outperforming Samsung Electronics

10 of Korea’s Top 500 Listed Companies Achieved 94 Consecutive Profitable Quarters, Outperforming Samsung Electronics

SEOUL, Sept. 14 (Korea Bizwire) — Among South Korea’s top 500 listed companies, 10 firms, including Hyundai Mobis, SK Telecom, Korea Zinc and Shinsegae, have been profitable for 94 consecutive quarters.  However, among the companies that have sustained long-term profitability, several have slipped to losses due to the global economic downturn and the semiconductor market slowdown, [...]

German Automakers Surge in South Korea’s EV Market

German Automakers Surge in South Korea’s EV Market

SEOUL, Sept.11(Korea Bizwire) – German automakers continue to maintain their stronghold in the South Korean import car market, and this dominance extends to the realm of electric vehicle (EV) sales as well. Recent import vehicle registration data from the Korea Association of Imported Automobile Manufacturers (KAIDA) released on Sunday reveals a substantial uptick in the number [...]

Copenhagen Infrastructure Partners Announces Investments of USD 350 Million in Korean Offshore Wind Projects

Copenhagen Infrastructure Partners Announces Investments of USD 350 Million in Korean Offshore Wind Projects

COPENHAGEN, Denmark and SEOUL, South Korea, June 21 (Korea Bizwire) — The investments from CIP’s Flagship funds will support the development and construction of GW-scale offshore wind projects in Korea, where CIP since 2018 has been developing offshore wind projects and secured Electricity Business License for those projects. The projects include both fixed bottom and [...]

After Tumultuous Year, Uncertainty Shrouds Korean Peninsula Security Landscape

After Tumultuous Year, Uncertainty Shrouds Korean Peninsula Security Landscape

SEOUL, Dec. 16 (Korea Bizwire) — As a turbulent year in regional security, dotted with North Korea’s frantic missile launches amid stalled dialogue and complex geopolitics, draws to a close, uncertainty still looms large on the Korean Peninsula. This year, the Kim Jong-un regime fired more than 60 ballistic missiles into the ocean, a single-year [...]

Coherent Partners with ETRI and KAIST to Focus on Advanced Semiconductor Devices for the Korean Market

Coherent Partners with ETRI and KAIST to Focus on Advanced Semiconductor Devices for the Korean Market

PITTSBURGH, Dec. 8 (Korea Bizwire) — Coherent Corp. (Nasdaq: COHR), a global leader in materials, networking, and lasers, today announced that it has signed a memorandum of understanding with two Korean institutions, the Electronics and Telecommunications Research Institute (ETRI) and the Korea Advanced Institute of Science & Technology (KAIST), to foster collaboration on advanced electronic [...]