SEOUL, Sept. 6 (Korea Bizwire) – Kakao Inc. said on September 5 that it would officially launch “KakaoPay,” a service to allow its members to make easy payments with their mobile devices. KakaoPay users can make small payments with the simple entry of a password on their smartphone after registering with the service with their [...]
SEOUL, Sept. 6 (Korea Bizwire) – From now on, individual investors with funds below 500 million won (US$488,000) will be able to invest their money indirectly through a private equity fund while establishing private equity fund firms will be made easier. The Financial Services Commission said on September 2 that a revised bill on the capital [...]
SEOUL, Sept. 6 (Korea Bizwire) – The fan club members of Yuna Kim, Korea’s figure skating diva, who called themselves “sungnyangi” (meaning “wolves”) have donated consistently for the past six years. In commemoration of Kim’s 25th birthday on September 5, they made a donation again of 11 million won to the Babo Nanum Foundation (meaning [...]
SEOUL, Sept. 5 (Korea Bizwire) – Kakao Inc. will introduce a new service called “Story Channel” on its KakaoStory similar to Facebook page. Unlike a series of postings by friends, this is news feeds on certain topics. Kakao, the operator of popular mobile messenger service KakaoTalk, said on September 4 that it would launch on the 16th Story [...]
SEOUL, Sept. 5 (Korea Bizwire) – Sony Computer Entertainment Korea said on September 4 that it has completed the construction of the PlayStation classroom at the Seoul campus of Sangmyung University on the 3rd and will begin the first class on the 5th. The PlayStation class was prepared for students taking game-related courses so that they could learn the [...]
SEOUL, Sept. 5 (Korea Bizwire) – Piano wire, made for use in piano strings, has found a new, unexpected use in chasing pigeons away so that buildings and structures could avoid premature corrosion as well as bad odor and noise. The Seoul metropolitan city government said on September 4 that it has come up with a novel [...]
SEOUL, Sept. 4 (Korea Bizwire) – SK C&C, Korea’s major total IT services provider, said on September 3 that it would take part in the upcoming 21st ITS World Congress to be held in Detroit, the United States, for five days between September 7 and 11. The ITS World Congress is the world’s largest conference on intelligent [...]
SEOUL, Sept. 4 (Korea Bizwire) – “Guest Mode,” the proprietary security solution developed by LG Electronics, has been registered with the United States Patent and Trademark Office. The company has applied for patents with patent offices in the United States, Europe, and Korea since 2012. The Guest Mode technology allows a single smartphone to be used like [...]
SEOUL, Sept. 4 (Korea Bizwire) – The Seoul metropolitan city government said on September 3 that it would determine whether to fully open the lower floors of the second Lotte World building in Seoul’s Jamshil after tentatively allowing a ten-day “pre-open” period. During the period, groups of citizens will visit the building to see whether the building is [...]
SEOUL, Sep. 3 (Korea Bizwire) – The Seoul metropolitan city government will introduce a scheme to pay an hourly wage of 6,582 won (US$6.46) to guarantee the minimum livelihood of workers. This is about 1,000 won higher than the minimum wage level of 5,580 won for the next year decided in June this year. The city [...]