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Korean Firms to Use Gas Stations as Logistics Hubs

Korean Firms to Use Gas Stations as Logistics Hubs

SEOUL, Sept. 17 (Korea Bizwire) — With the expansion of the ‘quick commerce market’, which offers guaranteed delivery within an hour, South Korean firms are employing gas stations as warehouses and logistics hubs. It has become a new alignment of interest between the quick commerce industry that needs logistics hubs in the heart of the

Genesis to Introduce ‘Face Connect’ to Replace Car Keys with Facial Recognition

Genesis to Introduce ‘Face Connect’ to Replace Car Keys with Facial Recognition

SEOUL, Sept. 17 (Korea Bizwire) — Genesis, the independent luxury brand of Hyundai Motor Co., has completed the development of ‘Face Connect,’ a new technology that uses facial recognition to open or lock vehicles and automatically cater to the driver’s needs. The cutting-edge technology, which will appear first on the Genesis’ GV60 SUV, recognizes the

SKC to Develop Biodegradable Plastic with Limestone

SKC to Develop Biodegradable Plastic with Limestone

SEOUL, Sept. 17 (Korea Bizwire) — SKC Inc., a chemical manufacturing arm of SK Group, is stepping up to develop and commercialize biodegradable LIMEX, which will dramatically cut down the use of plastic. The company said Thursday that it has joined hands with Japanese eco-friendly materials developer TBM Co. to produce SK TBM Geostone. The

Nationwide Exodus Begins Ahead of Extended Chuseok Holiday

Nationwide Exodus Begins Ahead of Extended Chuseok Holiday

SEOUL, Sept. 17 (Korea Bizwire) — The annual exodus for Chuseok, the Korean equivalent of Thanksgiving, began Friday as South Koreans head to their hometowns for family reunions and take trips during the extended holiday. This year’s three-day Chuseok holiday runs from Monday to Wednesday and it is extended by an extra two days due

S. Korea Has Larger Classes, Lower Employment Rates Among College Graduates than OECD Averages

S. Korea Has Larger Classes, Lower Employment Rates Among College Graduates than OECD Averages

SEOUL, Sept. 17 (Korea Bizwire) — South Korea has larger class sizes and lower employment rates among the highly educated than Organization for Economic Cooperation and Development (OECD) averages, the education ministry said Friday. According to the latest edition of the OECD’s “Education at a Glance,” released by the Ministry of Education, elementary and middle

Mid-sized Crypto Exchanges Discontinue Korean Won Trading Pairs

Mid-sized Crypto Exchanges Discontinue Korean Won Trading Pairs

SEOUL, Sept. 17 (Korea Bizwire) — Medium-sized cryptocurrency exchanges in South Korea have discontinued trading pairs and payment services using the Korean currency as financial regulators are set to enforce tougher rules, according to market watchers Friday. By next Friday, both foreign and local cryptocurrency exchanges targeting Korean investors must register with the nation’s anti-money

‘Proptech’ Reshapes Real Estate Market with Digital Platform, Lower Fees

‘Proptech’ Reshapes Real Estate Market with Digital Platform, Lower Fees

SEOUL, Sept. 17 (Korea Bizwire) — Hwang Jae-min checks out his smartphone apps several times a day to search for new homes up for sale so he can move to another house. When the 41-year-old bought a three-room flat in Yongin, a satellite city south of Seoul, six years ago, he called several real estate

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