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Corporate “Control Towers” Overseeing Korean Conglomerates

Corporate “Control Towers” Overseeing Korean Conglomerates

SEOUL, Dec. 7 (Korea Bizwire) – Samsung vice chairman Lee Jae-yong’s reluctant promise during Tuesday’s parliamentary hearing over the Choi Soon-sil scandal to disband the group’s Future Strategy Office – the key department responsible for the group’s decision-making process for all Samsung affiliates – has raised questions as to how other Korean conglomerate groups’ so-called

Augmented Reality App to Enhance Korean Protest Experience

Augmented Reality App to Enhance Korean Protest Experience

SEOUL, Dec. 7 (Korea Bizwire) – The impeachment vote to bring down President Park Geun-hye is planned for Friday, but it’s not going to stop angry Koreans from once again gathering on Saturday for what will be the 7th nationwide rally, with protestors calling for Park to step down immediately.  This weekend’s rally, however, will

Summing Up 2016 Korea with Twitter

Summing Up 2016 Korea with Twitter

SEOUL, Dec. 7 (Korea Bizwire) – Twitter often offers the best reflection of current issues, whether they be social, political, tech trends or celebrity gossip. So what were some of the keywords on Twitter that were most popular among Koreans in 2016?  According to Twitter Korea on Tuesday, tweets related to the Choi Soon-sil scandal

Military Uses Big Data for Disease Control and Prevention

Military Uses Big Data for Disease Control and Prevention

SEOUL, Dec. 7 (Korea Bizwire) – The Ministry of Defense is teaming up with the Ministry of Science, ICT and Future Planning for a big data research project that will make use of the medical information of 600,000 South Korean military personnel.  Dubbed the “Military Personnel Medical Information Big Data Study”, the three-year project taking

Surge in Patents for Eco-Friendly Wet Wipes

Surge in Patents for Eco-Friendly Wet Wipes

DAEJEON, Dec. 7 (Korea Bizwire) – Wet wipes are a convenient go-to for cleaning, as simple hand wipes, for babies, or for other housework. But at the same time, they’re the subject of environmental and health concerns, with a large majority of the products using non-biodegradable materials and toxic chemicals.  According to the Korea Intellectual

FTC Slaps 37.3 Bln-Won Fine on Audi Volkswagen for False Advertising

FTC Slaps 37.3 Bln-Won Fine on Audi Volkswagen for False Advertising

SEJONG, Dec. 7 (Korea Bizwire) – Audi Volkswagen Korea, the local unit of the German automaker, was slapped with a record 37.3 billion-won (US$31.9 million) fine for making false advertisements on its cars to cover up its fabricated emissions results, the corporate watchdog said Wednesday.  The company had advertised on- and offline that its models

Investors Focus on Outcome of Impeachment Vote

Investors Focus on Outcome of Impeachment Vote

SEOUL, Dec. 7 (Korea Bizwire) – With a parliamentary vote to impeach President Park Geun-hye two days away, the glare of investor attention is focused on its outcome with a rejection more likely to increase stock market volatility than a passage, analysts said Wednesday.  Opposition parties and some ruling party lawmakers are slated to put

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