SEOUL, Dec.4 (Korea Bizwire) – The Korea Racing Authority fulfilled a corporate social responsibility activity by delivering coal briquettes to low-income families in Busan on quaint-looking horse-drawn carriages. The 50-or-so employees of Let’s Run Park in Busan, a horse racing arena run by the Korea Racing Authority, took out their prized Shetland ponies Baramdori (15 years old) [...]
SEOUL, Dec. 3 (Korea Bizwire) – BC Card, Korea’s biggest credit card company, said on December 2 that it has launched the “ZEP Service,” a simple smartphone-based payment solution that can be used in merchant establishments without online capability, in partnership with the state-run Electronics and Telecommunications Research Institute. The ZEP, short for zero-effort payment, service allows [...]
SEOUL, Dec.3 (Korea Bizwire) – Hyundai Engineering & Construction said on December 2 that it has developed a software program to design the exterior of a building in an optimal way in terms of cost and energy efficiency. The architectural design program can allow designers to compare a myriad of alternative plans when choosing insulation materials and glass [...]
SEOUL, Dec.2 (Korea Bizwire) – A study said online crimes can earn more than 20 times of profit from the cost of attack. That’s why hackers and unscrupulous operators on the Internet keep springing up despite the high cost and the risk of getting caught. Kaspersky Lab said this on December 1 in a report. For example, [...]
SEOUL, Dec.2 (Korea Bizwire) – A study said the volume of the underground economy related to counterfeit goods is estimated at 26 trillion won (US$23.5 billion), with potential tax loss reaching as high as 500 billion won. Joo Won, senior research fellow with Hyundai Economic Research Institute, said on December 1 in a report titled “Estimating the [...]
SEOUL, Dec.2 (Korea Bizwire) – A technology to make a new ingredient for detergents has been developed by Korean scientists. It is potentially expected to replace surface active agents, or surfactants, the essential component in making shampoo, soap, detergent, and cosmetics, which have been suspected for causing harmful effects on humans. A research team within the Korea [...]
SEOUL, Dec. 1 (Korea Bizwire) – The Seoul metropolitan city government said that it would hold the 2014 senior citizen policy suggestion meeting at 9 am on December 1 at its Seosomun Annex City Hall Building. Policy suggestion meetings directly made by the elderly citizens have been held annually since 2012. Seoul joined the WHO Global Network [...]
SEOUL, Dec.1 (Korea Bizwire) – A new market to trade between two currencies of Korea and China will be launched in Seoul on December 1. Just like the won-dollar exchange market, the won-yuan market will be open from 9 am to 3 pm on weekdays. As there is no more need to exchange twice through the intermediation [...]
SEOUL, Dec.1 (Korea Bizwire) – Korea Hydro & Nuclear Power said on November 28 that it held a launching event for its “beyond-design basis accident” simulator program in preparation for nuclear reactor meltdown at its Kori Nuclear Power Plant in the southeast. The simulator program has been developed to respond to serious nuclear power plant accidents like the one [...]
SEOUL, Nov.28 (Korea Bizwire) – A five-year cycle to pick duty-free shop operators within Incheon International Airport has returned again, forewarning fierce competition ahead. The Korea Customs Service posted on November 27 on its website that it would receive applications for new retail shop operators in the immigration area past the departure gate. According to the bid notice, [...]