SEOUL, Nov. 2 (Korea Bizwire) – The Game Rating and Administration Committee said on October 31 that it would allow mobile game users to recharge their game money credit within a certain limit in the same way as desktop computer games. Accordingly, each user will now be able to choose either the mobile or computer platform within [...]
SEOUL, Nov. 2 (Korea Bizwire) – The Ministry of Culture, Sports and Tourism and the Korea Creative Content Agency have published the Game Industry White Paper 2014 which summarized the domestic and international game industry statistics for the year 2013. According to the White Paper, the total size of Korea’s game market in 2013 was 9,719.8 billion [...]
SEOUL, Nov. 1 (Korea Bizwire) – Beginning January next year, the prices for commercial vehicles such as buses and trucks will rise by 10 million won. According to automobile industry sources on October 29, the government will mandate diesel commercial vehicles to mount pollution-reduction devices in accordance with the so-called “Euro 6″ regulation. Euro 6 is the [...]
SEOUL, Nov. 1 (Korea Bizwire) – The Ministry of Science, ICT and Future Planning will spend 150 billion won (US$140 million) in developing key technologies for embedded cybersecurity systems needed for the upcoming Internet of things. In addition, the ministry will implement IoT-related plans in stages by 2018. The ministry said on October 30 that it has [...]
SEOUL, Oct. 31 (Korea Bizwire) – A central bank study said the combined loss of banks would be in the range of 14.5 trillion won if three top “most exposed” business groups were gone insolvent at the same time. According to a report on insolvency risk stress test on major conglomerates published by the Bank of Korea on [...]
SEOUL, Oct. 31 (Korea Bizwire) – The Ministry of Land, Infrastructure, and Transport said on October 30 that it would kick off a new project to develop a “Satellite Based Augmentation System” that will provide more accurate GPS information with error margins less than 1 meter from the current 17-37 meters. Since it declared the development of [...]
SEOUL, Oct. 31 (Korea Bizwire) – From now on, large retail establishments such as discount outlets and department stores do not have to spend fortunes to replace their moving walks regularly. Lotte Mart said on October 30 that it has applied for a patent for an escalator and moving walkway pallet processed for extra traction for the first [...]
SEOUL, Oct. 30 (Korea Bizwire) – The number of holding companies in Korea has exceeded 130 for the first time since 1999 when the holding company scheme was introduced. Even though large corporations with assets in excess of 5 trillion won were restricted by law to take advantage of the holding company structure as it constitutes cross-shareholding [...]
SEOUL, Oct. 30 (Korea Bizwire) – As people across the world realize the finite nature of water resources, more water-saving patents have been applied lately. The per-person water consumption level in Korea is one of the highest in the world at 278 liters. This figure contrasts well with that of some developed nations such as Germany (150 [...]
SEOUL, Oct. 30 (Korea Bizwire) – The Pohang steel works of POSCO has been recognized for its test capabilities in the area of carbon steel chemistry by an international certification agency. According to the steel maker on October 29, the chemistry testing labs within the quality control division of Pohang Works were certified as one of the best [...]