SEOUL, Oct. 12 (Korea Bizwire) — On June 29, 1995, Sampoong Department Store, one of the luxury department stores in South Korea, located in Seoul’s Gangnam, collapsed from the top to the fourth basement level within only 20 seconds. It was the deadliest building collapse and one of the most fatal disasters in Korean history. [...]
SEOUL, Oct. 11 (Korea Bizwire) — The National Health Insurance Service interpreted big data from 2002 through 2012 in South Korea to analyze the impact of gestational diabetes mellitus on postpartum diabetes. According to the data, the number of women with a history of gestational diabetes mellitus was 115,646 in 2012, rapidly up by 5.8-folds [...]
SEOUL, Oct. 11 (Korea Bizwire) — Samsung Venture Investment reportedly invested in SolidFire, an All-SSD storage service provider, following Pure Storage, also a storage platform provider, in 2011 to develop the Internet of Things technology within Samsung Group. A storage platform is necessary to deal with big data for IoT. According to Chosun Biz on October [...]
SEOUL, Oct. 9 (Korea Bizwire) — The Korea Research Institute for Vocational Education & Training held a global conference about apprenticeship on September 30 at JW Marriott Hotel in Seoul. Michael Axmann, Senior Commissioner of the International Labor Organization, delivered a keynote speech on “Quality Apprenticeship” at the conference. In the midst of youth unemployment [...]
SEOUL, Oct. 9 (Korea Bizwire) — Traditional markets are forced into a corner across the world as new giants have increasingly dominated the grocery industry. The Huffington Post reported on October 6 that some grocery giants such as Walmart, Costco and Whole Foods are slowly killing traditional supermarkets including Kroger, Safeway and Publix. According to the [...]
SEOUL, Oct. 9 (Korea Bizwire) — A city-wide campaign to make Seoul citizens keep healthy weight has paid off with an increasing number of Seoulites successfully shedding their pounds, helped by the motivational weight loss initiative. The Seoul Metropolitan city government, which launched the weight loss campaign “Healthy Weight 3.3.3. Project 2014″ early July this year, announced 12,314 citizens [...]
SEOUL, Oct. 8 (Korea Bizwire) — Companies, public organizations and individuals in the air cargo industry will gather together in Seoul to have a forum and exhibitions on international aviation logistics. The Ministry of Land, Infrastructure and Transport announced that the 27th International Air Cargo Forum & Exposition hosted by Incheon International Airport Corp. and [...]
SEOUL, Oct. 8 (Korea Bizwire) — More than 2,000 animals a year are dead on the road over the past five years in South Korea. Congressman Kim Hee-kuk announced that, based on data submitted by the Korea Expressway Corporation, 10,819 wildlife creatures were run over by vehicles during the past five years. Among the animals [...]
![[Quote] Regulations on Electronic Financial Service Market to Be Eased](http://koreabizwire.com/wp/wp-content/uploads/2014/10/mobile-payment_kobizmedia_KoreaBizwire-800x728.jpg "[Quote] Regulations on Electronic Financial Service Market to Be Eased")
“If the limitation on the amount of money received through Bank Wallet Kakao is due to the national regulation, I’ll try my best to lift it.” “It is expected that the future e-commerce industry is going to be led by non-financial companies. Therefore, the tight regulations on electronic financial transactions must be eased.” “Security programs [...]
SEOUL, Oct. 8 (Korea Bizwire) — South Korea and Indonesia will accelerate their effort in cooperating in developing fighter jets. The Defense Acquisition Program Administration in South Korea signed an agreement with Indonesia’s Ministry of Defense to develop the “Boramae,” or KF-X, fighter jets. The agreement, a follow-up to a contract signed in July 2010, sets [...]