SEOUL, July 1 (Korea Bizwire) – Cheongyang County, which is famous for its hot pepper, announced that it successfully developed a new honey bee (Jangwon Bee) with superior ability in collecting honey and reproduction. According to the county, the bees collect 31 percent more honey and are 45 percent more reproductive than other bees. The [...]
SEOUL, July 1 (Korea Bizwire) – Workers at Gangjin Goryeo Celadon Museum are displaying porcelain fired in a traditional kiln on June 30. During the celadon event, they successfully produced 44 pieces of porcelain including a replica of the National Treasure “Celadon vase with inlaid crane and cloud designs.” Prior to the display, they ignited fire [...]
SEOUL, July 1 (Korea Bizwire) — South Korean boy group BigBang rose to the top of major local music charts upon the release of its new single album Wednesday. According to YG Entertainment, which manages the group, BigBang unveiled the third album of its “Made Series” project at midnight. “If You,” one of the two tracks [...]
SEOUL, July 1 (Korea Bizwire) – Foreign ownership of South Korean stocks has fallen below the 30-percent level for the first time in nearly four years as market heavyweights preferred by offshore investors underperformed small-caps this year, the nation’s bourse operator said Wednesday. The value of local stocks held by foreign investors was estimated at [...]
SEOUL, July 1 (Korea Bizwire) – Samsung Electronics, South Korea’s top tech giant, saw its presence in the Southeast Asian smartphone market decline in the first quarter despite increased shipments, data showed Wednesday, as Chinese rivals took up more of the fast-growing region with budget models. Samsung’s smartphone sales in the region rose 28 percent on-year [...]
“Currently, Korea’s IT market is stagnant and multiple players are sharing the limited market. We, SK C&C, will restructure the ICT industry ecosystem through M&As among domestic players or international cooperation, and will lead the change in business environment.” “If we integrate ICT convergence technologies into Korea’s advanced ICT services in other industries, we can [...]
SEOUL, June 30 (Korea Bizwire) – The Korea Land & Housing Corporation (LH), which recently relocated its headquarters to Jinju, will open a special museum about the history of Korean housing on July 1. With two permanent exhibition rooms, the Land and House Museum will exhibit the history of housing in Korea and the development of [...]
SEOUL, June 30 (Korea Bizwire) – Kia Motors, the second largest automaker in Korea, began promoting its new brand campaign supporting and encouraging youth around the world who are afraid of driving. Kia announced on June 29 that it unveiled the video clip for its new “Gear Up” campaign in major countries including Korea, China [...]
SEOUL, June 30 (Korea Bizwire) – To support employees caring for children aged fewer than eight, the government plans to improve its childcare subsidy policy by increasing payments and disbursing the funds earlier. On June 29, the Ministry of Employment and Labor announced that it would increase subsidies to employers who grant a reduction in [...]
SEOUL, June 30 (Korea Bizwire) – BC Card has decided to open the source code for mobile card issuance to all financial firms and start-ups to contribute to the growth of the FinTech industry in Korea. The company has already spent some 30 billion won to develop the source code. The biggest payment processing company and local [...]