SEOUL, Nov.28 (Korea Bizwire) – An unmanned mini-tram that can move up and down by an elevator has been developed in Korea for the first time in the world. This can be usefully deployed in places where short intervals between trains are required and there are multiple destinations for passengers, such as large shopping malls, transit transfer [...]
SEOUL, Nov.28 (Korea Bizwire) – Woowa Brothers Corp., the company providing the “Baedal Minjok(Nation of Delivery)” service with its smartphone app of the same name, has won investment of US$36 million from a consortium led by Goldman Sachs. Lee Jae-hyun, Goldman Sachs’ executive responsible for Korean investment, said that his company wants to be a partner of [...]
SEOUL, Nov.27 (Korea Bizwire) – The Ministry of Health and Welfare said on November 26 that it has set the price for a pilot program for telemedicine services within the range between 9,900 and 38,000 won per patient. The healthcare service providers that will be subject to the new pricing are those participating in the pilot program [...]
SEOUL, Nov.27 (Korea Bizwire) – A photo posted on an online discussion forum ended up forfeitinga patent. The cane-shaped ice cream sold in Seoul’s tourist-filled Insa-dong has been a popular item for the past few years. Korea’s Intellectual Property Trial and Appeal Board said on November 26 that the patent related to making the cane-cone ice cream was [...]
SEOUL, Nov. 27 (Korea Bizwire) — Korea’s effect of taxes and social spending on poverty reduction turned out smallest among Organization for Economic Cooperation and Development member nations. According to the 2014 Household Finance and Welfare Survey released on November 26, Korea’s poverty rate in 2013 was 18.9 percent in terms of market income and 16.4 percent in [...]
SEOUL, Nov. 27 (Korea Bizwire) — The government will strengthen security of public Wi-Fi hotspots like coffee shops and various other public establishments by mandating an ID and password so that the incidence of personal information breaches can be reduced. The Ministry of Science, ICT and Future Planning, jointly with the National Information Society Agency and three [...]
SEOUL, Nov.26 (Korea Bizwire) – Korea slipped to No. 2 behind Denmark in the ICT Development Index released by the International Telecommunication Union. According to the annual report of the Geneva-based organization, Korea’s index in the degree of info tech and communications development in 2013 was 8.85, 0.01 point lower than that for Denmark. In the previous year, [...]
SEOUL, Nov. 26 (Korea Bizwire) — Several executives within the biotech unit of Hanwha Chemical have been fired. This is widely interpreted as a personnel move by Hanwha Group chairman Kim Seung-youn who kick-started the biotech business in 2006 as part of an ambitious plan to nurture it as a next-generation growth engine. For years the unit hasn’t [...]
SEOUL, Nov. 26 (Korea Bizwire) — “T Map,” the popular smartphone-based navigator service provided by SK Planet, is trying to expand its role as a public safety tool. The company said on November 25 that its T Map service is building a variety of public services upon its location-based service used by 17 million people. One of [...]
![[In-depth] Renault Samsung’s Twingo Won’t Land in Korea due to Regulation](http://koreabizwire.com/wp/wp-content/uploads/2014/11/Renaut-Twingo_01-800x533.jpg "[In-depth] Renault Samsung’s Twingo Won’t Land in Korea due to Regulation")
SEOUL, Nov. 25 (Korea Bizwire) — Due to a difference of 4 centimeters in width, the Twingo, the popular city car model manufactured by Renault, will not land in Korea. Renault Samsung Motors said recently that it won’t be able to import the light car model because of incongruity with Korea’s light car regulation. Currently the Korean government defines [...]