Korea Bizwire, Author at Be Korea-savvy | Page 70 of 118
New Tech Threatening to Replace English-speaking Teachers in Korea

New Tech Threatening to Replace English-speaking Teachers in Korea

SEOUL, July 21 (Korea Bizwire) – South Korea is famous for its obsession with English education. So passionate about improving English skills that there is a rising number of ‘English-only villages’ across the nation, including the Paju English Camp in Gyeonggi Province. The volume of the nation’s private English education market is estimated at roughly 6 [...]

Samsung and Hyundai Plow Their Cash back into High-yield Financial Instruments

Samsung and Hyundai Plow Their Cash back into High-yield Financial Instruments

SEOUL, July 20 (Korea Bizwire) – Korea’s largest conglomerates such as Samsung Group and Hyundai Motor Group are holding huge amounts of retained earnings in the form of cash and are showing willingness to invest in financial instruments instead of plowing it back into capital spending. For example, Samsung is prepared to put its money into yuan-tied structured [...]

Gov’t Designation of SMB-only Business Areas Impacts Negatively on SMB Growth

Gov’t Designation of SMB-only Business Areas Impacts Negatively on SMB Growth

SEOUL, July 20 (Korea Bizwire) – A study said the government’s regulation to designate industrial areas exclusively reserved for small- and mid-sized enterprises has not helped the companies since its introduction in 2011. According to a report authored by Professors Bin Ki-beom and Woo Seok-jin of Myongji University at the request of the Federation of Korean [...]

Gov’t to Consolidate or Close down Ineffective Apps Developed by Public Agencies

Gov’t to Consolidate or Close down Ineffective Apps Developed by Public Agencies

SEOUL, July 18 (Korea Bizwire) — The government will strengthen its supervision on mobile apps made available by state-run agencies. Until now, a thousand of apps has been launched by government agencies and public or semi-public organizations but their features are limited and often overlapping. According to government sources on July 17, the National Information Society [...]

Samsung Electronics Supplies Knox Platform to Credit Finance Association

Samsung Electronics Supplies Knox Platform to Credit Finance Association

SEOUL, July 18 (Korea Bizwire) — Samsung Electronics will supply the 2014 edition of 3,000 Galaxy Note 10.1 devices preinstalled with the “Knox” mobile security platform to the Credit Finance Association of Korea. This is the first instance in which Samsung introduces Knox in Korea’s financial service industry. Knox is essential to the association’s security requirements as [...]

Seoul City Gov’t Launches Website “Policy Archive” for Urban Policy Information

Seoul City Gov’t Launches Website “Policy Archive” for Urban Policy Information

SEOUL, July 17 (Korea Bizwire) – Amid a wave of requests from foreign city governments to learn from the experience of Seoul City, the city government has published an online edition of its “Policy Archive” (www.seoulsolution.kr) in two languages in Korean and English. The website makes available a wealth of information on the city’s urban management know-how [...]