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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

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, 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

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

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 [...]

Apple’s Siri Criticized for Distorting Korean Modern History

SEOUL, Aug. 10 (Korea Bizwire) — Apple Inc.’s Siri is being criticized for describing Korea as “the Korean peninsula in modern history, or Joseon under the Japanese empire.” The Voluntary Agency Network of Korea (VANK), a South Korean civic organization, revealed that asking the virtual assistant about Korea returns the aforementioned response. “Korea is a region [...]

Nikkiso Clean Energy & Industrial Gases Group Announces Expansion of Marine Manufacturing in Asia

TEMECULA, Calif., March 9 (Korea Bizwire) — Nikkiso Clean Energy & Industrial Gases Group (“Group”), a part of the Nikkiso Co., Ltd (Japan) group of companies, is proud to announce yet another expansion of their manufacturing capabilities for the growing Marine market. With this expansion, they have become one of the largest manufacturers providing localized [...]

80 pct of Foreigners Have Positive Views of S. Korea: Survey

SEOUL, Jan. 24 (Korea Bizwire) — Eight in 10 foreigners living in and out of South Korea positively view the country, a government survey showed Monday. The Korean Culture and Information Service (KOCIS) canvassed 12,500 non-Koreans aged 16 and more in 24 countries around the world in September and found 80.5 percent of the respondents [...]

Nikkiso Clean Energy & Industrial Gases Group Announces Formation of Expanded Marine Facility in Korea

TEMECULA, Calif., Nov. 23 (Korea Bizwire) — Nikkiso Clean Energy & Industrial Gases Group (Group), a subsidiary of Nikkiso Co., Ltd (Japan), is proud to announce the expansion of our Busan Korea facility to accommodate their new Marine Center. This expansion represents their commitment to and support of the growth of the Korean shipbuilding industry. [...]

Only 2 in 10 Koreans and Japanese Like Each Other: Survey

SEOUL, May 27 (Korea Bizwire) – South Korea-Japan relations have deteriorated to a level where only 2 in 10 Koreans and Japanese say they like each other, but a majority of people still want diplomatic ties between the two countries to improve. The Korea Economic Research Institute conducted a survey of 1,431 South Korean and [...]