SEOUL, Jan. 30 (Korea Bizwire) — POSCO has been actively involved in the rehabilitation of people in Mozambique by teaching agricultural skills based on Saemaul Undong, or New Community Movement, which former President Park Chung-hee introduced in Korea in 1970s. Together with KOICA, it runs the Mozambique Saemaul Agricultural Training Center, which offers instruction in farming [...]
SEOUL, Jan. 30 (Korea Bizwire) — Six years after being designated as a public institution, Korea Exchange (KRX) was finally freed from government regulation that included budget controls and audits, effectively freeing it to move forward with expansion in overseas markets. While it was listed as a public institution, KRX’s business activities were been evaluated on an [...]
SEOUL, Jan. 30 (Korea Bizwire) — Korea’s wearable thermo-element technology, which can recharge batteries through skin contact, was selected as one of the top innovations of the year by UNESCO. The Korea Advanced Institute of Science and Technology (KAIST) announced on January 29 that its “wearable thermoelectric device” was selected as one of the top ten IT [...]
SEOUL, Jan. 30 (Korea Bizwire) — The Financial Services Commission (FSC) has ranked CitiBank and Standard Chartered low on the list of the most innovative banks in Korea. According to the FSC’s report on Korean banks’ innovative values in the second half of 2014, revealed on January 28, Shinhan Bank ranked first, followed by Woori Bank and [...]
SEOUL, Jan. 30 (Korea Bizwire) — Korea Yakult Corp. is opening its second ‘Donation by Walking Up’ staircase at exit no. 1 of Seoul Express Bus Terminal Station, said the company on January 29. The staircase features an automatic donation system, which contributes 10 won (US¢ 1) for every person walking up the staircase. Korea Yakult will [...]
SEOUL, Jan. 30 (Korea Bizwire) — The Korea Institute of Materials Science (KIMS) succeeded in flying a cell powered unmanned aerial vehicle (UAV) for 80 minutes. The hydrogen fuel cells powering the UAV were able to hit 600W of output, even though the UAV weighed 28 kilograms. The combined output of the cells was three times [...]
SEOUL, Jan. 30 (Korea Bizwire) — The First Republic of Korea Army (FROKA) opened the first book cafe at the 12th division general outpost(GOP), on the front line in Gangwondo. The FROKA has been continuing its campaign of implanting a reading culture in the army since last October, and has created a container book cafe with [...]
SEOUL, Jan. 30 (Korea Bizwire) — The Korea International Exhibition Center (KINTEX) in Goyang is holding a rare exhibition. The North Korean Art Exhibition, which features 150 paintings from 70 North Korean contemporary painters, will be held at KINTEX from January 29 to March 6. The exhibit is hosted by Springtime Art, a Dutch art foundation. The [...]
SEOUL, Jan. 29 (Korea Bizwire) — Residents at the Lake Place apartment complex close to Seokchon Lake in Jamsil, Seoul changed the street name in their address from ‘Seokchon Lake Street’ into ‘Jamsil Street’, out of fear that the name ‘Seokchon’ might have a bad impact on housing prices. Seokchon Lake has been at the center of [...]
SEOUL, Jan. 29 (Korea Bizwire) — Block B’s debut single ‘Very Good’ reached the number 1 spot on Japan’s Tower Records National Single Chart on January 26. The single was released on January 21. JYJ and Kat-Tun ranked fourth and fifth on the same chart respectively. Block B’s debut single has stayed in the five top spots [...]