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Articles by Be Korea-savvy
Authorities Open Foreign-Exchange Investigation Into Coupang - Be Korea-savvy
A delivery vehicle from a Coupang logistics center in Seoul (Yonhap) SEOUL, Dec. 29 (Korea Bizwire) — Customs authorities on Monday launched an investigation into Coupang Inc.’s domestic unit to examine foreign exchange transactions with its U.S.-based headquarters, government sources said. The Korea Customs Service dispatched an investigative team to the e-commerce giant’s office in Seoul earlier in the day, the sources said.
BYD Clarifies Statements Made by Stellantis CEO Antonio Filosa - Be Korea-savvy
MILAN, Sept. 12, 2025 (Korea Bizwire) – In response to the remarks made yesterday by Stellantis CEO Antonio Filosa, who publicly stated that “in Germany Leapmotor sold more than BYD,” the company wishes to clarify the following sales figures for the German market from January to August 2025: - With 8,610 registrations in the first eight months of the year, BYD clearly leads ahead of Leapmotor, which registered only 3,536 units.
Key Facilities Of Upcoming APEC Summit To Be Completed By Next Week - Be Korea-savvy
SEOUL, Sept. 10 (Korea Bizwire) — Construction of key facilities for the upcoming Asia-Pacific Economic Cooperation (APEC) summit in Gyeongju is expected to be completed early next week, officials said Wednesday. The banquet hall, the main summit hall and the international media center are slated for completion next Monday, along with the installation of electricity, fire safety and telecommunications systems, according to the office of North Gyeongsang Province.
S. Korea Aims To Double Bio Exports By 2030 To Become Global Top 5 - Be Korea-savvy
SEOUL, Sept. 5 (Korea Bizwire) — South Korea on Friday outlined a plan to help the biohealth industry double its exports by 2030 and join the world’s top five. Under the “K-Bio Leap Strategy” unveiled at a seminar in Songdo, west of Seoul, the government outlined new targets for the industry, which also include the fostering of three new blockbuster drugs and ranking third globally in clinical trials by 2030.
Homeplus To Shut 15 Stores By Dec., Cut Business Hours Amid Fiscal Challenge - Be Korea-savvy
SEOUL, Sept. 3 (Korea Bizwire) — South Korea’s major discount store chain Homeplus Co. said Wednesday it will close 15 stores by December while cutting operating hours at others as part of belt-tightening efforts by the ailing retail company. Under the plan, Homeplus will shut five locations in mid-November and 10 others in December, the company said in a notice sent to employees.
N. Korea's Kim Departs For Beijing By Train: Sources - Be Korea-savvy
SEOUL, Sept. 1 (Korea Bizwire) — North Korean leader Kim Jong-un departed Pyongyang on Monday afternoon aboard his special armored train, a source familiar with the matter said, with Kim expected to make his debut on the multilateral diplomatic stage at a military parade in Beijing. “Kim left Pyongyang aboard a train this afternoon and is currently en route,” the source said. Kim’s train is expected to cross the North Korea-China border overnight and arrive in Beijing the following day.
Nat'l Assembly Speaker Invited By China To Attend World War II Military Parade - Be Korea-savvy
SEOUL, Aug. 20 (Korea Bizwire) – National Assembly Speaker Woo Won-shik was officially invited by China to attend Beijing’s military parade marking the end of World War II next month, his office said Wednesday. “Woo received an official invitation from the Chinese government to attend the Victory Day event on Sept. 3,” the office said in a press release, following his closed-door meeting with Chinese Ambassador to South Korea Dai Bing.
Jailed Ex-First Lady To Appear For Questioning By Special Counsel - Be Korea-savvy
SEOUL, Aug. 13 (Korea Bizwire) — Jailed former first lady Kim Keon Hee will appear for questioning by a special counsel team Thursday, less than two days after her arrest over corruption allegations. Special counsel Min Joong-ki’s team said Wednesday it was informed by Seoul Southern Detention Center, where Kim was placed in custody earlier in the day, that she plans to comply with the summons for 10 a.m. Thursday.
Dinos Reliever Going Through Baptism By Fire In Key Role - Be Korea-savvy
SEOUL, Aug. 12 (Korea Bizwire) — With each passing outing in one tough situation after another, NC Dinos reliever Chun Sa-min is learning more and more about himself. In his fifth Korea Baseball Organization (KBO) season at age 26, the 194-centimeter right-hander is finally realizing the value of trusting his pitches. And his superb outing Tuesday night was emblematic of that growing self-belief.
Authorities Sound Alarm Over Dangerous Thinness Trend Among Youth - Be Korea-savvy
SEOUL, August 1 (Korea Bizwire) — Amid rising temperatures and summer body pressures, South Korean health authorities are sounding the alarm over a disturbing body image trend spreading across social media platforms. The Korea Health Promotion Institute (KHPI) on Thursday warned against the glamorization of extreme thinness—particularly the so-called “bone arm” ideal—highlighting its potential harm to both physical and mental health.
Twins Hope To Have Injured Slugger Back By Late July - Be Korea-savvy
SEOUL, July 17 (Korea Bizwire) – As they emerge from a six-day midseason break in the South Korean baseball league, the LG Twins will continue to get healthier. They’ve had to deal with injuries to several regulars throughout the season, with their hard-hitting first baseman Austin Dean becoming among the latest victims when he was sidelined with an injury to his left side on July 2.
Foreign Ministry Says Taking Alleged Harassment By Honduran Diplomat 'Seriously' - Be Korea-savvy
SEOUL, July 14 (Korea Bizwire) – The foreign ministry said Monday that it is taking an alleged harassment and assault case involving a Honduran diplomat “seriously” and is taking steps in accordance with due procedures. Police in Busan said Sunday that it has booked a Honduran diplomat without physical detention for allegedly harassing and assaulting another passenger on a subway train in the southeastern port city last month. The diplomat was reportedly drunk at the time.
Arrested Ex-President Yoon Fails To Appear For Questioning By Special Counsel - Be Korea-savvy
SEOUL, July 11 (Korea Bizwire) — Arrested former President Yoon Suk Yeol failed to appear Friday for questioning by a special counsel over his attempt to impose martial law.
Wiz Slugger Mel Rojas Jr. Becomes New KBO Leader -In Home Runs By Foreign Player - Be Korea-savvy
SEOUL, July 3 (Korea Bizwire) — Mel Rojas Jr. of the KT Wiz is now South Korean baseball’s all-time leader in home runs by a foreign player. Rojas launched his 175th career home run in the Korea Baseball Organization (KBO) on Thursday. His two-run shot off Kiwoom Heroes starter Jung Hyun-woo helped the Wiz to a 6-2 victory at KT Wiz Park in Suwon, some 30 kilometers south of Seoul.
Ex-Division Commander Grilled By Special Counsel Over Marine's Death - Be Korea-savvy
SEOUL, July 2 (Korea Bizwire) — Lim Seong-geun, former commander of the Marine Corps 1st Division, was grilled for four hours at the office of Special Prosecutor Lee Myeong-hyeon on Wednesday about allegations over the tragic death of a Marine in 2023. Lee’s team called in Lim as a suspect of occupational negligence resulting in the death of Cpl. Chae Su-geun, who was swept away in a swollen stream during a search and rescue mission for victims of downpours in July 2023.
Seoul Hit By Season's 1st Heat Wave Advisory, Tropical Night - Be Korea-savvy
SEOUL, June 30 (Korea Bizwire) – The state weather agency issued the season’s first heat wave advisory for Seoul as of Monday noon, one day after the capital experienced its first tropical night of the season. A heat wave advisory is issued when the day’s highest sensible temperature is expected to remain at 33 C or above for two or more days. Seoul’s heat wave advisory comes 11 days later than that of last year.
Service Disruption In Samsung Pay Caused By Firewall Error At Data Center - Be Korea-savvy
SEOUL, June 24 (Korea Bizwire) — The recent service disruption in Samsung Pay, a mobile payment system operated by Samsung Electronics Co., was caused by a firewall error at a data center in Suwon, just south of Seoul, government officials said Tuesday. On June 2, Samsung Pay experienced service errors lasting over three hours beginning at around 7 a.m., affecting card payments and new card registration.
Tony-Winning 'Maybe Happy Ending' Born Of Loss, Lifted By Fans: Writer Hue Park - Be Korea-savvy
SEOUL, June 24 (Korea Bizwire) — The award-winning original musical “Maybe Happy Ending” began as a deeply personal story about loss and love, according to its writer Hue Park. At a press conference in Seoul on Tuesday, Park shared he was navigating a difficult period of profound personal loss just before he began writing.
S. Korea's Space Agency Seeks To Develop Reusable Launch Vehicle By 2035 - Be Korea-savvy
SEOUL, June 20 (Korea Bizwire) — South Korea’s space agency said Friday it plans to develop a reusable space launch vehicle by 2035 in a bid to keep pace with the rapidly shifting landscape of the global space industry.
Court Approves M&A Request By Homeplus Prior To Rehabilitation Plan Approval - Be Korea-savvy
SEOUL, June 20 (Korea Bizwire) — A court on Friday approved a request to allow discount store chain Homeplus Co. to pursue a merger and acquisition (M&A) deal before a court decision on whether to approve its rehabilitation plan. The Seoul Bankruptcy Court approved Homeplus’ pursuit of the M&A deal and the selection of an M&A adviser prior to its rehabilitation plan-related court ruling.
46 S. Koreans, Families Evacuate Iran, Israel By Land Amid Escalating Conflict - Be Korea-savvy
SEOUL, June 19 (Korea Bizwire) — More than 40 South Korean nationals and their family members have evacuated Iran and Israel via land routes and arrived safely in neighboring countries, the foreign ministry said Thursday, amid escalating tensions between the two nations.
Dinos Manager None Too Pleased With Players Getting Hit By Pitches - Be Korea-savvy
SEOUL, June 18 (Korea Bizwire) — The NC Dinos are leading South Korean baseball in one category that their manager Lee Ho-joon would rather they not: hit-by-pitch. Entering Wednesday’s game against the LG Twins, the Dinos had been drilled by pitches 66 times, 18 more than the next team, the Hanwha Eagles. The latest victim was All-Star outfielder Park Kun-woo, who was plunked in the face by a fastball from Twins starter Elieser Hernandez during Tuesday’s game at Jamsil Baseball Stadium in Seoul.
S. Korean Players Feted By Home Fans After Qualifying For World Cup - Be Korea-savvy
SEOUL, June 10 (Korea Bizwire) — Five days after clinching a berth in the 2026 FIFA World Cup, South Korean players were feted by their home fans Tuesday at the country’s most famous football stadium. South Korea closed out their qualification campaign Tuesday night with a 4-0 win over Kuwait at Seoul World Cup Stadium. The Taegeuk Warriors came into this match having already punched their ticket to the World Cup, thanks to a 2-0 away victory against Iraq last Thursday.
BYD Atto 3 Launch Stalled Over Subsidy Issues—Was It Too Soon for South Korea? - Be Korea-savvy
SEOUL, March 2 (Korea Bizwire) —Chinese electric vehicle giant BYD is facing significant roadblocks in its South Korean expansion, with the launch of its first model, the Atto 3, delayed due to unresolved subsidy approvals. The setback has frustrated consumers who had pre-ordered the vehicle expecting deliveries last month.
Authorities Launch Joint Probe into Fire-destroyed Air Busan Plane - Be Korea-savvy
BUSAN, Feb. 3 (Korea Bizwire) - Authorities launched a joint investigation into a fire-destroyed Air Busan plane on Monday, a week after the plane caught fire at a South Korean airport shortly before takeoff, prompting passengers to make an emergency exit.
Author of ADOR's 'Internal Document' Refutes Allegations of Spinoff Plot - Be Korea-savvy
SEOUL, Apr. 24 (Korea Bizwire) — The author of a document allegedly suggesting the management of K-pop giant Hybe’s subsidiary label ADOR attempted to seize control of the company has denied the allegations. “What is known as ‘an ADOR internal document’ by the media is about my personal reflections,” ADOR’s unidentified deputy CEO and aide to CEO Min Hee-jin told Yonhap News Agency on Tuesday.
MMCA Picks Kwon Byung-jun as Artist of The Year - Be Korea-savvy
SEOUL, Feb. 8 (Korea Bizwire) — The National Museum of Modern and Contemporary Art (MMCA) said Thursday it has picked sound artist Kwon Byung-jun as the final winner of the Korea Artist Prize 2023 for his insightful approach to art, humanity and technology.
South Korea Takes Strides to Boost Marine Byproduct Recycling Industry - Be Korea-savvy
SEOUL, Dec. 1 (Korea Bizwire) – In a bid to invigorate the recycling industry for marine byproducts, the South Korea’s Ministry of Oceans and Fisheries has announced proposed amendments to the regulations governing the recycling of marine byproducts. The amendments aim to address practical aspects and enhance the efficacy of regulations enacted in July of last year.
Sulfur Byproducts Reborn as Agricultural Pesticide After Years of Discard - Be Korea-savvy
INCHEON, Aug. 21 (Korea Bizwire) — After being excluded from the refinement process of landfill gases at waste landfills over the past decade, sulfur byproducts are now acknowledged for their practical utility. The Sudokwon Landfill Site Management Corp. (SLC) reports an average annual yield of 4,850 cubic meters of sulfur byproducts per landfill site in the greater Seoul area between 2013 and 2022.
Food Companies Release Eco-friendly Food Made with Byproducts - Be Korea-savvy
SEOUL, April 17 (Korea Bizwire) — The South Korean food industry is following the eco-friendly trend by introducing a variety of products made from recycled food byproducts. CJ Cheiljedang Corp. has introduced a snack made with cracked rice and pureed soybean. Since its release in April last year, it was only available at pop-up stores and offline events before being rolled out at convenience stores in February of this year.
Authorities Brings Charges Against ‘Butterbeer’ Maker - Be Korea-savvy
SEOUL, March 10 (Korea Bizwire) — South Korea’s drug safety ministry said Thursday it has brought charges against a butterbeer maker and sellers, claiming that the beer does not contain any butter. The Ministry of Food and Drug Safety issued an advance notice to Brewguru, the maker of the butterbeer Beurre Biere, saying that the production of the beer would be suspended for one month.
Authorities Rescue Abandoned Dog Trapped on Expressway - Be Korea-savvy
CHEONGJU, Feb. 13 (Korea Bizwire) — An abandoned dog was miraculously rescued after wandering onto a highway. Last week, local authorities received a report that a dog was loitering near the median strip of the Busan-bound Gyeongbu Expressway in Okcheon County, North Chungcheong Province. The dog could have been run over by a car at any time, with traffic moving at speeds of around 100 km/h. The police and employees from the Korea Expressway Corp.
Rubber Byproduct from Tires Upcycled as Outsoles for Trekking Boots - Be Korea-savvy
SEOUL, Oct. 19 (Korea Bizwire) — A rubber byproduct produced during the process of manufacturing tires has turned out to be ideal for trekking boot outsoles. South Korean outdoor brand Eider said Tuesday it will release new trekking boots developed as part of a collaboration with tire company Nexen Tire Corp. The boots come in four types and are equipped with a special outsole made of rubber byproducts from making tires.
POSCO to Recycle By-product Gas as Raw Material for Low-carbon Plastics - Be Korea-savvy
SEOUL, Oct. 7 (Korea Bizwire) — South Korean steel giant POSCO has participated in an academic-industry research cooperation drive to develop new technology for recycling by-product gases generated during the steel-making process as plastic materials on the basis of existing carbon dioxide capture and utilization technologies.
Game On for Bybit-Backed GameFi Platform, Yeeha Games - Be Korea-savvy
SINGAPORE, Aug. 5 (Korea Bizwire) — Yeeha Games, a $50 million-funded GameFi platform, has announced its entry into the world of web3 gaming. To bridge the gap between traditional gaming and GameFi, Yeeha Games will be releasing a number of blockchain games over the next 18 months. It currently has 11 games in the pipeline, with subsequent game releases planned in the future.
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