SEOUL, June 2 (Korea Bizwire) – A technology that can control smart devices with hand gestures without the need for touch has been developed by a state-run research outfit. The Electronics and Telecommunications Research Institute said on June 1 that it has succeeded in developing the “wearable gesture technology” capable of controlling wearable computers such as [...]
SEOUL, June 2 (Korea Bizwire) – Buying of auto insurance policies online is increasing exponentially in Korea.On May 29, according to the Korea Insurance Development Institute, the premium income of online auto insurance services was 3,418.3 billion won in 2013, accounting for 29.2 percent of the total auto insurance premium income. This is a 2.2 percentage [...]
SEOUL, June 2 (Korea Bizwire) – There are still cases in which insurance companies refused to pay insurance money for unsubstantiated reasons. According to the Korea Finance Consumer Federation, consumers ended up getting nothing in one out of every 100 claims cases on average. In 2013, the ratio of claims non-payment was 1.02 percent for life [...]
SEOUL, June 1 (Korea Bizwire) – Despite the increasing purchase by domestic consumers of goods through overseas online retailers that exerts a pressure to importers under exclusive agreements to cut their prices, the retail prices of import goods such as baby strollers, lipsticks, and hiking boots are still at rip-off levels. According to data released by [...]
SEOUL, June 1 (Korea Bizwire) – Samsung Electronics released its new curved UHD TV commercial in which four top sports stars in Korea including figure queen Yuna Kim, the world’s best speed skater Lee Sang-hwa, swimming champion Park Tae-hwan and national soccer team head coach Hong Myung-bo appeared altogether. With the theme “Let’s All Be Head Coaches,” [...]
SEOUL, June 1 (Korea Bizwire) – A Korean research team has come up with a new technology to make flexible graphene transistors that can transfer graphene material without the use of water and maintain performance in a humid environment. Graphene, two-dimensional pure carbon in the form of a very thin, nearly transparent sheet, one atom thick, [...]
Busan, June 1 (Korea Bizwire) – As summer arrives prematurely on the Korean Peninsula, Busan, one of South Koreans’ favorite resort cities, is bustling up to receive vacationers. The Busan city government announced that it is opening up the Haewoondae, Gwanganri, Songdo, and Songjeong beach parks from June 1 to September 9, and Dadaepo, Ilgwang, [...]
SEOUL, May 31 (Korea Bizwire) – Now, you can easily order menus in Starbucks coffee shops in Korea through a mobile app and don’t need to wait in line for orders and drink. Starbucks Korea announced that it launched, for the first time in all of Starbucks in the world, a “Siren Order” service, in which orders [...]
SEOUL, May 31 (Korea Bizwire) – The so-called “cre-sumers” are in vogue. A coined word combining letters borrowed from creative and consumer, cre-sumers are shaping up a new consumption culture. In this new phenomenon, consumers are no longer those who passively take what’s given by manufacturers to them but make suggestions and actively organize themselves to create new uses out of existing products. [...]
![[Stats] Bottom Line of Korea’s Meat Products Industry](http://koreabizwire.com/wp/wp-content/uploads/2014/05/축산물순수익현황-1.png "[Stats] Bottom Line of Korea’s Meat Products Industry")
Data revealed that a cattle farmer takes an average of 573,000-won loss for every bull he raises.According to a report “2013 Livestock Production Cost Survey” published by the National Statistical Office on May 30, the total cost of raising a beef cow was 6,509,000 won as of 2013. In contrast, the average price of a [...]