SEOUL, July 31 (Korea Bizwire) – The biomimetic “robot fish” developed during the previous Lee Myung-bak Administration designed to monitor water quality in the nation’s major river systems proved to be malfunctioning or incapable of carrying out the functions as they were supposed to perform. Korea’s Board of Audit & Inspection said on July 30 that its investigations [...]
SEOUL, July 31 (Korea Bizwire) – A study said the average tenure of top-30 group CEOs is only 2.6 years. According to CEO Score, a website tracking corporate performances, based on a survey on 576 former professional CEOs except those related with owner families who were hired since January 1, 2000, the average lifespan of these corporate [...]
SEOUL, July 31 (Korea Bizwire) – From now on, there is no need to look for a bank passbook buried deep inside the drawer to take money out of the bank. A new mobile bank passbook will replace the cumbersome paper-based passbook. Woori Bank said on July 30 that it would launch the “Woori Mobile Passbook” in [...]
SEOUL, July 30 (Korea Bizwire) – Amid an enviable situation of the rising current account surplus, a controversy broke out that claims the rising surplus is a worrisome sign. According to this argument, the rising current account surplus is largely due to weak domestic consumption and a fall in imports, rather than an indication of Korean industry’s [...]
SEOUL, July 30 (Korea Bizwire) – A study said the trade volume between Korea and Russia would rise by up to 40 percent from the current level once a bilateral visa exemption program goes into effect. According to a research report “The Economic Effect of Korea-Russia Visa Exemption Program” published by the Korea Institute for International Economic [...]
SEOUL, July 30 (Korea Bizwire) – Beginning in 2016, mobile service subscribers will be able to use any network available regardless of what mobile telecom company they have signed up for. For example, when a mobile network failure occurs, the user can readily switch to a network provided by another telecom service operator. The Ministry of Science, [...]
![[Infographic] Unbearable Pain of Shingles, You Are Not Alone](http://koreabizwire.com/wp/wp-content/uploads/2014/07/Shingles-thumbnail.jpg "[Infographic] Unbearable Pain of Shingles, You Are Not Alone")
SEOUL, July 30 (Korea Bizwire) – Shingles occurs in one’s weak immune system. The pain is beyond our imagination. Now, as the number of patients increases year by year, people are paying more attention to it. In the early stage of shingles, one can feel nausea, stomach ache, chill and fever. When symptoms persist, skin rashes and blisters [...]
SEOUL, July 29 (Korea Bizwire) – Home Plus, Korea’s top-three discount retailer, is under siege for allegedly deceiving its customers by not giving away awards in sweepstakes. In an MBC-TV program “Current Affairs Magazine 2580″ aired on July 27, a segment featured Home Plus and its suspicious practice in rigging lot results. According to the program, there [...]
SEOUL, July 29 (Korea Bizwire) – LG Uplus said on July 28 that the Uplus P Center that it is building in Pyungchon, a town in the southern outskirts of Seoul, would be equipped with the intelligent demand response system, the first among the nation’s commercial Internet data centers. An intelligent demand response system is a system that [...]
SEOUL, July 29 (Korea Bizwire) –Travelers to Japan this summer will be able to enjoy the wireless Internet through KT‘s Automatic Wi-Fi Roaming service. Korea’s largest telecom service provider said on July 28 that it has unveiled the Wi-Fi roaming service that allows the user to access affiliated Wi-Fi networks without entering an ID and password. [...]