SEOUL, May 11 (Korea Bizwirep) — South Korea’s No. 2 mobile carrier KT said Monday it has won a US$101 million deal from Uzbekistan to provide a smart-energy solutions system that improves efficiency of power management. Under the contract with state-owned power generation company Uzbekenergo, KT will supply energy-metering solutions, such as the Advanced Electricity Metering, that [...]
SEOUL, May 10 (Korea Bizwire) — South Korean tech giant Samsung Electronics said Sunday that its proposal for an ultra-high definition (UHD) television broadcasting technology has been chosen as the candidate for the next standard for the U.S. TV industry. The proposal, submitted jointly with U.S.-based broadcast infrastructure provider ONE Media, has been adopted by the [...]
SEOUL, May 9 (Korea Bizwire) – As a surprising number of local governing bodies around Korea are currently developing or planning cable car installations in their district to boost tourism, hoping to follow in the footsteps of a successful project in Tongyeong, several environmental organizations are opposing the idea, saying that the attractions are not without [...]
SEOUL, May 9 (Korea Bizwire) — As Koreans increasingly use their cell phones for data rather than making phone calls and texting, KT launched a new service that provides LTE data at price points from 20,000 won to 50,000 won, including unlimited talking and texting. Mobile phone rates in Korea are usually proportional to voice minutes [...]
“Japan has brought the issue this far by going ahead with the registration despite our repeated calls to reconsider. The responsibility for politicizing UNESCO lies with Japan.” “This is in consideration of the many member nations that worry UNESCO may be politicized due to the dispute between South Korea and Japan and wish for a [...]
SEOUL, May 7 (Korea Bizwire) – Against the backdrop of a Reuters’ interview with General Motor’s top executive hinting that the Detroit-based automaker might relocate its Asian production base from Korea to India, officials from GM Korea say that the likelihood of a move is low, but they are paying close attention to the situation. On [...]
SEOUL, May 7 (Korea Bizwire) — China became South Korea’s second-largest investment destination last year, relegating the European Union (EU) to the third spot, central bank data showed Thursday. South Korea’s external investment, which includes stocks and bonds, reached US$716.6 billion at the end of last year, up $95.5 billion from the previous year, according to [...]
SEOUL, May 7 (Korea Bizwire) – The trade union of Hyundai Heavy Industries (HHI) exercised its right to stop working after a worker fell into a manhole due to lack of safety facilities. On May 6, the trade union announced the work stoppage order to its workers for the first time. According to the union, a [...]
SEOUL, May 7 (Korea Bizwire) – A South Korean small budget documentary about a couple in their nineties will compete with other documentary films at the Los Angeles Film Festival. According to the festival representatives, the independent film “My Love, Don’t Cross That River” was listed as a competitor in the documentary category. The film [...]
PYEONGTAEK, Korea, May 7 (Korea Bizwire) — South Korean tech giant Samsung Electronics broke ground on a new chip-production line on Thursday, aiming to further expand its clout in the semiconductor sector amid its ailing smartphone business. The 15.6 trillion won (US$14.4 billion) chip line in Pyeongtaek, some 70 kilometers south of Seoul, is scheduled to [...]