SEOUL, July 28 (Korea Bizwire) — LG CNS, an affiliate of LG Group, announced on July 27 that it had successfully developed a “smart lighting solution” which can control lighting devices using its intelligent IT system. According to LG CNS, a global provider of comprehensive IT services, it could save as much as 6.3 billion won a [...]
SEOUL, July 28 (Korea Bizwire) — To a question “What is your favorite brand when you plan to buy a new smartphone?” Samsung Electronics topped the list with about 30 percent of respondents said they want to choose Samsung’s, according to a recent survey conducted by the Credit Suisse Research Institute (CSRI). CSRI announced its survey results on July [...]
SEOUL, July 28 (Korea Bizwire) — Sinchon, one of the magnets for young people in Seoul, sees traffic accidents declining significantly since it was designated as the first ‘Public Transport-only Area’ in Seoul early this year. The Seoul Metropolitan Government selected Sinchon as its first “Transit Mall” where only buses, vans with more than 16 passengers, emergency [...]
SEOUL, July 28 (Korea Bizwire) — The “Stars of Korean Tourism” of 2014 have been selected for the fourth year. Hosted by the Korean Tourism Organization and sponsored by the Ministry of Culture, Sports, and Tourism, the awards pick best tourism assets and services in Korea and promote them to the public in Korea and elsewhere. Some [...]
SEOUL, July 28 (Korea Bizwire) — A score of Korean companies supplying goods for babies and toddlers have set up booth in one of the world’s largest trade shows in Shanghai. The Korea International Trade Association said on July 24 that it took part in the 14th Shanghai Children Baby Maternity Products Expo held in the Shanghai New International [...]
SEOUL, July 27 (Korea Bizwire) –‘Quppy,’ cloned sniffer dogs, are doing stellar performance at major airports and ports across the nation, according to an announcement by the Animal and Plant Quarantine Agency (QIA) which has run a program titled ‘Research on Reproduction of Superb Cloned Sniffer Dogs’ together with Seoul National University since 2011. [...]
SEOUL, July 25 (Korea Bizwire) – Ahead of a measure to relax regulations on barriers between different financial services such as banking, securities, and insurance, responses are mixed. Some large financial service firms with operations across multiple areas welcome the announcement while those that are not big enough fret that the measure would change the industry landscape completely [...]
SEOUL, July 25 (Korea Bizwire) – Middle school students will have to take software courses from next year. The Ministry of Science, ICT, and Future Planning, jointly with other ministries including the Ministry of Education, the Ministry of Trade, Industry and Energy, and the Ministry of Culture, Sports and Tourism, held a meeting on July 23 at [...]
SEOUL, July 25 (Korea Bizwire) – Financial regulators ordered ING Life to pay full death benefits to the families of suicide victims. The Financial Supervisory Service on July 24 held a deliberation committee meeting and decided to penalize the life insurance company for not paying a proper amount of insurance money, with a corresponding order to redress. According [...]
SEOUL, July 24 (Korea Bizwire) – As the stock market is showing signs of long-awaited recovery, the credit loan balance is rapidly on the rise. This is more so in the KOSDAQ market. According to the Korea Financial Investment Association on July 23, the balance of loans taken out for the purpose of stock investment was 5,023.5 billion won [...]