SEOUL, July 3 (Korea Bizwire) – Seoul Metropolitan Government is making public core data such as budget expenditures, consumer prices and levels of fine dust through interactive infographics. The Seoul city government announced on July 2 the introduction of “Interactive Seoul!”, a service that provides access to important public data. For example, its “Finance Watch” shows [...]
SEOUL, July 3 (Korea Bizwire) – Samsung Group is planning to provide various measures to help overcome the economic recession caused by the outbreak of the Middle East Respiratory Syndrome (MERS). On July 2, the largest business group in Korea announced that it had come up with various plans to boost domestic demand that has been [...]
SEOUL, July 3 (Korea Bizwire) – South Korea’s top handset brands such as Samsung and LG have sold more devices on their home soil this year despite a controversial subsidy law, but their profitability is presumed to have slipped due to less sales of high-end smartphones, data showed on Friday. Samsung Electronics, the country’s top [...]
SEOUL, July 3 (Korea Bizwire) – Suh Kyung-bae, chief of South Korea’s top cosmetics maker AmorePacific Group, has become the country’s richest man in stock value, overtaking former No. 1 Samsung Group Chairman Lee Kun-hee, market data showed Thursday. Stocks owned by Suh were valued at 12.8 trillion won (US$11.4 billion) as of Thursday, while [...]
SEOUL, July 2 (Korea Bizwire) – Lawmakers have proposed to protect Jeju’s Gotjawal primitive forest, which is being destroyed by reckless development on the tourist island. Kim Woo-nam, a lawmaker from Jeju, presented a revised bill for the Special Act on the Establishment of Jeju Special Self-governing Province and the Development of Free International City to [...]
ULSAN, July 2 (Korea Bizwire) – The Whale Culture Town in Jangsaengpo, Ulsan, has attracted more than 20,000 visitors in less than two months after it was reopened on May 15. The attendance figures are particularly notable, as the results were achieved after the widespread outbreak of the MERS virus in Korea, and the whale [...]
SEOUL, July 2 (Korea Bizwire) – As GM Korea unveiled it’s first all new Chevrolet Spark in six years, the automobile market is expecting fierce competition in the compact car segment. GM Korea unveiled “The Next Spark” on July 1, and began taking preorders for the lightweight model. Deliveries of the new car are expected to [...]
SEOUL, July 2 (Korea Bizwire) – ICT service provider SK Networks Service threw down the gauntlet to the mobile game industry by picking mobile gaming as its new growth engine. Seo Bo-kook, CEO of SK Networks Service, said at a press conference announcing its new business plan, “We picked content services, especially mobile gaming, as [...]
“It is quite preposterous to win a case over Samsung in Korea. No one can win over Samsung in Korea and it was the expected result.” – Daum ID “cesiu****” “Elliott is very clever. It sued Samsung just to make a case for ISD. In the ISD, Samsung cannot be assured of winning.” – Naver [...]
SEOUL, July 2 (Korea Bizwire) – At Tapgol Park (Pagoda Park) and Jongmyo Park in downtown Seoul, there are special women selling Bacchus drinks to elderly men. They approach men who spend their time at the parks playing chess or other games, and urge them to buy the energy drink. However, what they’re really selling is not [...]