SEOUL, Oct. 24 (Korea Bizwire) – LG Group is set to build a large-scale science park in the Magok Industrial Park in the southwest of Seoul by holding on October 23 a groundbreaking ceremony at the site. In the ceremony, 500 or so dignitaries were in attendance including President Park Geun-hye, Minister of Trade, Industry and [...]
SEOUL, Oct. 23 (Korea Bizwire) – A transgender victim has filed for a complaint with the National Human Rights Commission of Korea on October 22. Human rights advocacy groups representing the interest of sexual minorities held on the 23rd a press conference in front of the commission’s office and said, “Forcing a transgender military conscript [...]
SEOUL, Oct. 23 (Korea Bizwire) – The world’s chocolate makers are desperately trying to contain cost overruns as the cocoa prices skyrocket due to border closings of Cote d’Ivoire and Ghana with Ebola-afflicted Liberia, Sierra Leone and Guinea. The two West African countries account for 60 percent of cocoa production in the world. According [...]
SEOUL, Oct. 22 (Korea Bizwire) – The ratio of imported vehicles in South Korea’s automotive market has been conspicuously on the rise and many people wonder what factors have been behind the local consumers’ crush on “Made-in Overseas” automobile brands. About this, many say the government’s regulation shift, high oil prices — which led to a [...]
SEOUL, Oct. 22 (Korea Bizwire) – Samsung Electronics will compensate all victims related to leukemia and other occupational diseases as long as they are qualified under certain standards. The company said this on October 21 on its official blog “Samsung Tomorrow” in a message titled “Ahead of the founding of the dispute mediation committee.” Samsung continued, [...]
SEOUL, Oct. 22 (Korea Bizwire) – Korea’s mobile telecom service operators have for years spent fortunes on marketing to attract more subscribers. A parliamentary investigation revealed that the three service providers including SK Telecom, KT, and LG Uplus have poured in 3.5 trillion won in advertising and other promotions almost for the past five years. According to [...]
SEOUL, Oct. 22 (Korea Bizwire) – Samsung Heavy Industries said on October 21 that it has developed a robot that can clean the bottom water-immersed part of the ship. As the new robot can replace the expensive re-docking job performed before delivering the ship to the client, it is expected to save a lot of cost for the [...]
SEOUL, Oct. 21 (Korea Bizwire) – The Small & Medium Business Administration said on October 20 that the total investment in tech start-ups during the first nine months of the year was 1,078 billion won in 619 cases. This is 9.5 percent higher than 984.2 billion won during the same period last year. The investment in newly [...]
“In the upcoming 5G era, you will be connected with the whole world through your friend Avatar who will guide you through the virtual world. A world in which I become the center of everything, that’s the 5G era.” “The vision of ‘Living in the Cloud’ seeks to create a world in which myriads of [...]
SEOUL, Oct. 21 (Korea Bizwire) – Samsung Electronics and LG Electronics, the two pillars of Korea’s electronics industry, have displayed state-of-the-art communications technology and smart items at the World IT Show 2014, the trade show being held at Busan’s BEXCO Exhibition & Convention Center for four days between October 20 and 23. Samsung set up a large booth [...]