SEOUL, Nov. 25 (Korea Bizwire) — The smartwatch market is showing signs of blooming. As major companies like Samsung, LG, and Apple make forays into this area, the number of smartwatch patent applications has increased as well. According to the Korea Intellectual Property Office on November 23, the number of patent applications related to smartwatches started picking [...]
SEOUL, Nov. 25 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering, which aims to nurture the defense sector as a next-generation growth engine, has won six corvette orders for the Royal Malaysian Navy. The deal will be finalized once the Malaysian government makes the final approval. A corvette, a small lightly armed warship, is primarily used for [...]
SEOUL, Nov. 24 (Korea Bizwire) – The final issue of “Samsung & You,” the corporate bimonthly magazine published by Samsung Group, has featured Lee Kun-hee, the current group chairman incapacitated by a heart attack in May this year. The print magazine will move to the online space from the next issue after five years of publication. According [...]
SEOUL, Nov. 24 (Korea Bizwire) — U.S. private equity investor Lone Star Funds, which withdrew from Korea with a handsome profit of 4.6 trillion won (US$4.14 billion) after selling the controlling stake in Korea Exchange Bank, has won a lawsuit with the Korean court to ask for a refund for taxes withheld at the time of the [...]
SEOUL, Nov. 23 (Korea Bizwire) – As Naver, Korea’s largest online portal, launches a new “O2O” platform service to challenge “YellowID” of Daum Kakao, it is expected that competition in the area of O2O marketing will get fiercer. O2O marketing, or online-to-offline marketing, provides more personal experience by bringing people from online networks to offline networks by connecting [...]
SEOUL, Nov. 23 (Korea Bizwire) – Paradise-Sega Sammy held a first-stage groundbreaking ceremony on November 20 at the international business district site near Incheon International Airport. The ceremony was attended by Incheon Metropolitan City Council chairman No Kyung-soo, Incheon International Airport Corp. president Park Wan-soo, and the Japanese Ambassador to South Korea Bessho Koro. Paradise-Sega Sammy is a [...]
SEOUL, Nov. 23 (Korea Bizwire) – A recent survey revealed more and more unmarried men and women tend to postpone childbirth even after their marriage. Job search portal “FindJob” said on November 21 based on its questionnaire on 1,367 male and female adults in their age over 20 about their plans for childbirth that 48.5 percent said they [...]
SEOUL, Nov. 23 (Korea Bizwire) – Korea’s hotel rating scheme will change into an internationally accepted five-star system effective on January 1 next year. The Ministry of Culture, Sports and Tourism said on November 20 that it would overhaul the scheme from the ground up while adjusting the grading as needed depending on evaluation by “mystery shoppers” who [...]
SEOUL, Nov. 21 (Korea Bizwire) – Major indexes for foreign debt including the volume of short-term debt for the third quarter have improved substantially compared to the previous quarters. The main reason behind the improvement has to do with the depreciation of the won value against the U.S. dollar. The Ministry of Strategy & Finance said on November [...]
SEOUL, Nov. 21 (Korea Bizwire) – AhnLab Inc., Korea’s major security software provider, has come up with a new, expanded scheme to encourage employees to make voluntary R&D suggestions called “iQ.” The focus of the latest revision is on raising the probability of commercial success of the suggested ideas. Up until now, the company has commercialized employee-suggested ideas from [...]