SEOUL, Aug. 6 (Korea Bizwire) – Data centers, long considered energy hogs, have rapidly emerged as the pioneer of smart energy technology. KT, Korea’s largest telecom service provider, said on August 5 that it would expand its Cloud Data Center in Cheonan, South Chungcheong Province, to create the world’s best green data center. To that end, the [...]
SEOUL, Aug. 5 (Korea Bizwire) – In a Story-On cable channel makeover show “Let Me In” (“Me In” is a homonym for “beauty” in Korean) featuring women and men with physical defects being transformed into a good-looking person with the help of plastic surgeons, a woman with a large stork bite, or a nevus flammeus nuchae , on one side of [...]
SEOUL, Aug. 5 (Korea Bizwire) – The government has mandated automotive parts sellers to disclose the invoice prices of the parts including those of import cars. The Ministry of Land, Infrastructure, and Transportation said on August 3 that it revised a regulation on the automotive parts self-certification system and required the manufacturers and retailers of auto parts and components to reveal [...]
SEOUL, Aug. 4 (Korea Bizwire) — KakaoTalk, Korea’s most popular mobile messenger application, is widely used by North Koreans. According to Radio Free Asia, an American non-profit news media broadcast in nine Asian languages for audiences in six countries including North Korea, on August 1 quoting a North Korean defector named “Hyun” who is in contact [...]
SEOUL, Aug. 4 (Korea Bizwire) — The government will compile intellectual property balance of payments statistics from the next year. In addition, it will actively pursue intellectual property protection. The government held an 11th national intellectual property committee meeting on August 1 to discuss issues such as the government’s budget related to intellectual property protection for [...]
SEOUL, Aug. 4 (Korea Bizwire) — From now on, companies switching non-regular workers to the status of regular ones must fully recognize the past years of service as part of their career. This is important for those serving long years as non-permanent workers because it would affect their salary levels and promotion. According to the Ministry [...]
SEOUL, Aug. 3 (Korea Bizwire) — Following the lead of GM Korea, the management of Ssangyong Motor has also proposed to the labor union that it would include regular bonuses as “ordinary wages.” It remains to be seen whether this will be adopted in other car makers and all other manufacturing firms. Unions have long demanded [...]
SEOUL, Aug. 3 (Korea Bizwire) — The volume of thick plate imports from China is rapidly on the rise, putting further pressure on the domestic steel makers already suffering from low profitability. According to the Korea Iron & Steel Association on July 30, the total imports of thick steel plates during the first half of the [...]
SEOUL, Aug. 3 (Korea Bizwire) — According to a study by Lotte Mart based on five-year sales records on canned beers, the sales of high-priced domestically brewed beers have increased by a large margin. In addition, the study found that both high- and low-priced import beers have sold well at the expense of medium-priced beer brands. For [...]
SEOUL, Aug. 1 (Korea Bizwire) — Samsung Electronics has entered an “emergency mode,” following the mediocre sales performance of the Galaxy. Some within the company are talking about the possibility of a downsizing or a major reshuffling. In a leader-less situation, Samsung’s state of panic is getting more serious. As expected, the second-quarter financial results released on July [...]