SEOUL, Oct. 15 (Korea Bizwire) – Nam Kyung-pil, governor of Gyeonggi Province, who is currently on a European tour for business tie-ups with companies there for his province, succeeded in signing agreements with a number of leading automotive tuning companies in Germany. On October 13, Governor Nam participated in a signing ceremony in Kempten, a city [...]
SEOUL, Oct. 14 (Korea Bizwire) – China’s state-run Guoao Group has expressed its intention to take part in a development project pursued by the South Gyeongsang provincial government to build a global theme park in Jinhae near Busan. A delegation of the group’s top management will visit the local government and meet the governor Hong Jun-pyo on October [...]
SEOUL, Oct. 14 (Korea Bizwire) – Once the newly revised radio law is in effect from December this year, those purchasing smartphones, two-way radios, and TVs from overseas may have to pay astronomical sums of fee for electromagnetic compatibility (EMC) certifications. Congressman Jang Byung-wan (New Politics Alliance for Democracy) said on October 13, “Anyone buying a [...]
SEOUL, Oct. 14 (Korea Bizwire) – SK Broadband said on October 13 that it would unveil the world’s first 10-Gbps (gigabyte per second) Internet service in the upcoming Plenipotentiary Conference of the International Telecommunications Union to be held on October 20 at Busan’s BEXCO Center, in partnership with the Ministry of Science, ICT and Future Planning and the National [...]
SEOUL, Oct. 13 (Korea Bizwire) – Seoul Lantern Festival that has drawn a record number of visitors — about 2.5 million spectators every year since the year 2009, has established itself as one of Seoul’s major festivities. The Seoul Metropolitan Government intends to promote the lantern festival as a special culture and tour occasion in November [...]
SEOUL, Oct. 13 (Korea Bizwire) – The National Pension Service is accelerating its investment overseas by establishing an office in Asia, either in Hong Kong or Singapore, by next year. Ahead of the relocation of its head office to Jeonju in the southwest, it is interpreted as a move to increase its presence in Asia. It will [...]
SEOUL, Oct. 13 (Korea Bizwire) – Samsung Electronics has developed a new 60-GHz Wi-Fi technology that’s five times faster than the current Wi-Fi services. The new technology could accelerate the speed up to 4.6 Gbps (gigabyte per second) as it makes use of the rarely used ultra-high frequency of 60 GHz. This is more than five [...]
SEOUL, Oct. 13 (Korea Bizwire) – Woori Bank has issued yuan-denominated bonds for the first time among Korean commercial banks. The bank said on October 10 that it issued two-year bonds in the yuan currency worth 200 million yuan (US$32.7 million). Of the “Kimchi bonds,” or non-won-denominated bonds issued in the Korean market, this is the first [...]
SEOUL, Oct. 13 (Korea Bizwire) – Korea Meteorological Administration (KMA) came under fire due to the frequent inaccuracy of its weather forecasts at a parliamentary audit on October 10. Lee Seok-hyun of the main opposition New Politics Alliance for Democracy stated, “One of three special weather reports turned out to be incorrect.” “It is confirmed that 2779 of [...]
![[In-depth] SK Group Announces Blueprint to Transform Daejeon into a Silicon Valley](http://koreabizwire.com/wp/wp-content/uploads/2014/10/14480387419_11e66e21c3_z.jpg "[In-depth] SK Group Announces Blueprint to Transform Daejeon into a Silicon Valley")
SEOUL, Oct. 12 (Korea Bizwire) – SK Group will invest more than 90 billion won (US$83.8 million) in the cities of Daejeon and Sejong to transform the areas into a Silicon Valley-like tech hotbed. The group announced its plan on October 10 in a ceremony to launch the Daejeon Creative Economy Innovation Center in which the President [...]