SEOUL, Jul. 4 (Korea Bizwire) – The South Korean Ministry of Environment announced on July 3 that the country is on the brink of a significant clean energy milestone, with 992 hydrogen-powered buses currently in operation nationwide. This puts the nation on the cusp of reaching 1,000 hydrogen buses on its roads, a goal set in [...]
SEOUL, Jul. 3 (Korea Bizwire) — Italian luxury vehicle manufacturer Maserati has launched a sales unit in South Korea, the company said Wednesday, while announcing a plan to release new models in the country each month until the end of the year. Maserati Korea held a ceremony in Seoul to celebrate its launch, expressing its [...]
SEOUL, Jul. 1 (Korea Bizwire) — Over 60 percent of large companies in South Korea predict the country’s exports to see on-year growth during the second half of the year, according to a poll released Monday. According to the survey conducted recently by polling agency Mono Research on the top 1,000 domestic companies in terms [...]
SEOUL, Jul. 1 (Korea Bizwire) — South Korea’s industry ministry said Monday it has hosted a business forum with Vietnam to seek new opportunities for partnerships in chips, artificial intelligence and other areas. Around 500 government and business officials from both countries attended the event, which took place during Vietnamese Prime Minister Pham Minh Chinh’s [...]
WASHINGTON, Jun. 26 (Korea Bizwire) — South Korea, the United States and Japan underscored their commitment to enhancing three-way cooperation on critical technologies, supply chains and other areas of economic security as they held their first trilateral ministerial meeting on the issue in Washington on Wednesday. South Korean Industry Minister Ahn Duk-geun, U.S. Commerce Secretary [...]
SEOUL, Jun. 27 (Korea Bizwire) – South Korea is experiencing an unprecedented early summer heat wave, with June 2023 on track to become the hottest June since weather records began in 1973. Meteorologists warn that the scorching temperatures are just a prelude to what could be one of the most severe summer seasons in the country’s [...]
SEOUL, Jun. 18 (Korea Bizwire) – South Korea’s embattled news industry, battered by economic headwinds and seismic shifts in digital consumption habits, is also grappling with plummeting public trust that ranks among the lowest levels globally, according to a major report. The 2024 Digital News Report from the Reuters Institute found just 31% of South Korean [...]
SEOUL, Jun. 18 (Korea Bizwire) — Second Vice Foreign Minister Kang In-sun on Tuesday underscored efforts among South Korea, China and Japan to further cement the trilateral cooperation, calling it a vital framework for the development of the three-way relationship despite many “difficulties.” Kang made the point at a forum, stressing that the solid cooperation [...]
SEOUL, Jun. 18 (Korea Bizwire) – South Korea’s global competitiveness ranking rose by eight notches to reach the highest level for the country ever in 2024 on improved corporate efficiency and infrastructure, a report showed Tuesday. The country ranked 20th in terms of global competitiveness among 67 countries surveyed in 2024 compared with 28th the [...]
SEOUL, Jun. 13 (Korea Bizwire) – The 4.8-magnitude earthquake that struck North Jeolla Province on the morning of June 12 served as a jarring reminder that the Korean Peninsula is not impervious to significant seismic risks, despite being located in a less active zone than neighboring Japan. While far outpacing South Korea in frequency, with an [...]