SEOUL, Sep. 24 (Korea Bizwire) – Korea’s major retailer E-Mart has begun operations of “Bojeong Logistics Center” in Bojeong-dong in the city of Yongin, south of Seoul. This is the first all-automatic order fulfillment center in Asia. With this new facility, customers of E-Mart online shopping mall will be able to receive packages faster and more precisely. [...]
SEOUL, Sep. 24 (Korea Bizwire) – A Korean research team has succeeded in developing a new nanotechnology material to split water using solar energy. The research project, sponsored by the Ministry of Science, ICT and Future Planning, was led by Prof. Park Jong-hyeok of SungKyunKwan University and Kim Jong-kyu of Postech as well as Xinjian Shi, and [...]
SEOUL, Sep. 24 (Korea Bizwire) – The Korea Freedom Foundation will form a consortium to establish a new mobile telecom service provider. The right-wing organization said on September 23 in a press release, “In response to the Park Geun-hye government’s election pledge to cut mobile calling rate by a half and a 30-percent cut in mobile [...]
SEOUL, Sep. 21 (Korea Bizwire) – Expo Science Park in Daejeon, the venue for the 1993 Daejeon World Expo, will be demolished in stages until August next year. The Ministry of Science, ICT and Future Planning held on September 19 an international science business belt committee meeting and approved a proposal to tear down the expo [...]
SEOUL, Sep. 21 (Korea Bizwire) – Yuhan-Kimberly Huggies said on September 18 that it held a unique fashion show on the 17th featuring small children wearing dresses made of tissue used for baby wipes. Making of clothes based on baby wet tissue and a fashion show of this kind is rare in Korea and elsewhere. The [...]
SEOUL, Sep. 19 (Korea Bizwire) – The Small and Medium Business Administration said on September 17 that it signed an agreement in San Francisco with Draper Fisher Jurvetson Venture and Walden International to create a US$150-million “Korea Fund” for start-up investment. An SMBA official said, “This is the first time for Silicon Valley’s top 5-percent venture capitalists to create an [...]
SEOUL, Sept. 19 (Korea Bizwire) – Only two days after an announcement that it won a super large-scale liquefied petroleum gas carrier order, Daewoo Shipbuilding & Marine Engineering said on September 18 that it landed another deal to build an environmentally friendly liquefied natural gas carrier equipped with a high-pressure fuel supply device. The company’s president Koh Jae-ho [...]
SEOUL, Sep. 18 (Korea Bizwire) – Even before the beginning of the Incheon Asian Games, condoms made available free of charge by the organizing committee are fast running out every day. According to the Incheon Asian Games Organizing Committee on September 17, as many as 5,000 condoms it supplies every day at the Asian Games Village are out [...]
SEOUL, Sep. 18 (Korea Bizwire) – Wireless network is getting smarter. As the data load increases, the network assigns more data so that users can enjoy better, faster services without video interruption. It seems the era of “video LTE” is at hand. LG Uplus said on September 17 that it has successfully developed an intelligent network platform jointly [...]
SEOUL, Sep. 18 (Korea Bizwire) – Korean-made energy storage system (ESS) has been installed in a substation in northern Germany. Samsung SDI said on September 17 that Wemag AG, a northern German utility, held on the 16th a completion ceremony for its battery park at a substation in Schwerin, in the state of Mecklenburg-Vorpommern, with dignitaries including [...]