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Driving Patterns to Determine Insurance Premiums

Driving Patterns to Determine Insurance Premiums

SEOUL, Apr. 29 (Korea Bizwire) – New types of car insurance plans which determine premiums based on driving patterns and trip information are being developed. Hyundai Marine & Fire Insurance (HI) has developed a new product called ‘Hi-Car BlueLink/UVO Insurance Plan’, which will be available mid-May. Hyundai’s BlueLink and Kia’s UVO telematics systems will collect

KakaoTalk Embraces Corporate Messaging

KakaoTalk Embraces Corporate Messaging

SEOUL, Apr. 29 (Korea Bizwire) – With Kakao’s expansion into corporate messaging, the ways in which people consume business information are changing. Consumers no longer have to receive informational texts, call customer support or go through company webpages for information. These types of communication can all be handled by KakaoTalk, Kakao’s flagship messenger.  Kakao Corporation

Sales of Budget Phones Soar

Sales of Budget Phones Soar

SEOUL, Apr. 29 (Korea Bizwire) – The number of altteul (meaning thrifty in Korean) phone users has increased fourfold in the past year, owed to aggressive marketing campaigns and expanded rate plan options. Korea Post (KP) revealed on April 28 that it totaled 197,733 subscribers in Q1, a 404 percent increase from 39,201 in Q1

Shipyards’ Restructuring Faces Backlash from Workers

Shipyards’ Restructuring Faces Backlash from Workers

SEOUL, Apr. 29 (Korea Bizwire) — Unionized workers of two major shipbuilders in South Korea are set on a collision course with top managers over how to restructure the embattled companies reeling from snowballing losses amid a longstanding business slump, sources said Friday. The labor union of Daewoo Shipbuilding & Marine Engineering Co. (DSME) is

Jeonju Film Fest Opens with Largest Ever Lineup

Jeonju Film Fest Opens with Largest Ever Lineup

JEONJU, Apr. 29 (Korea Bizwire) — The annual Jeonju International Film Festival kicked off Thursday with a growing reputation for showcasing contemporary indie and arthouse films. Some 3,000 movie fans, film industry people and Jeonju city officials attended the festival’s opening ceremony, co-hosted by actress Yoo Sun and actor Lee Jong-hyeok, in the southwestern city

N. Korea Heightens Surveillance, Crackdown Ahead of Party Congress: Source

N. Korea Heightens Surveillance, Crackdown Ahead of Party Congress: Source

SEOUL, Apr. 29 (Korea Bizwire) — North Korea has heightened surveillance along its border with China and beefed up monitoring of its people ahead of the ruling party’s congress next week, a source familiar with North Korea affairs said Friday. With the North’s rare party congress a week away, the country has moved to restrict

Questioning Apple’s Premium Pricing Strategy and the Future of Budget-Friendly Smartphones

Questioning Apple’s Premium Pricing Strategy and the Future of Budget-Friendly Smartphones

SEOUL, April 28 (Korea Bizwire) – Yes, even Apple can fall from its own tree. Amidst a struggling premium smartphone market, Apple’s 13-year period of continuous growth has finally come to a halt.  iPhones have long been signature products for those placing a premium on design, user experience, and of course, the Apple brand.  Despite

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