SEOUL, April 28 (Korea Bizwire) — LG Electronics, South Korea’s No. 2 smartphone and home appliance maker, said Tuesday it is considering joining the global partnership for ultra high-definition (UHD) television and digital content, following rival Samsung’s announcement to become a member at the beginning of this year. “We’re looking into joining the UHD Alliance. If [...]
SEOUL, April 27 (Korea Bizwire) – At the IFA Global Press Conference organized by gfu and Messe Berlin, which took place at Malta Intercontinental Hotel from April 23 to 26, Chinese electronics makers stood out with new products. However, many of their offerings were just copycats of products made by Korean electronics giants like Samsung and [...]
SEOUL, April 27 (Korea Bizwire) – For young adults and college students suffering from high interest rate loans, a special service has been introduced to convert them to products with lower interest rates. The Credit Counselling and Recovery Service (CCRS) rolled out the revised Sunshine Loan Program on April 27, which was originally introduced for [...]
“The most important policy task is to keep the recovery momentum. The government must take a more prominent role in solidifying growth. The government is keeping close tabs on economic developments and will come up with policy measures that can best meet the country’s needs.” “Pushing back the retirement age will put more financial burden [...]
SEOUL, April 27 (Korea Bizwire) — Genesis BBQ, a South Korean fried chicken chain, said Monday it plans to tap deeper into the U.S. market by opening shops at sports facilities, paving the way to promote its products at popular sporting events including National Football League (NFL) games. Under the agreement with U.S.-based Levy Restaurants, Genesis [...]
SEOUL, April 27 (Korea Bizwire) – Korea’s first whale themed park, called ‘Whale Culture Town’, will be completed on May 18 in Ulsan. The 27.2 billion (US$ 25.2 million) project from Ulsan’s Nam-gu Office has a square, a whale sculpture park, an underwater plant garden and a park which looks like the inside of a [...]
SEOUL, April 27 (Korea Bizwire) – Popularity for low alcohol drinks is even affecting whiskey brands, which are launching low-alcohol whiskeys to respond to the new trend. According to a statement from industry representatives on April 26, in the first quarter, Lotte Liquor, which has ranked third for 19 years in terms of output levels, [...]
SEOUL, April 27 (Korea Bizwire) – The Financial Services Commission (FSC) is set to introduce a simpler authentication process for entering into insurance contracts online, which only involves authentication through SMS or ARS, rather than the current authentication process using public-key-certificates. This change is part of the response to 614 complaints related to financial services in Korea [...]
SEOUL, April 27 (Korea Bizwire) – Online retailer Lotte.com’s ‘Smart Pick,’ a service which enables its customers to pick up ordered items from 30 Lotte Department Store branches around the nation, has been most appreciated by male and female Koreans in their thirties, said the company on April 26. According to a company report, customers [...]
SEOUL, April 27 (Korea Bizwire) – As the 7.8 magnitude earthquake that hit Nepal on April 26 has left more than 2,300 people dead so far, Korean broadcasters and actors are offering up messages of support. Oh Sang-Jin, a Korean broadcaster who went to Nepal on April 24 to participate in NGO activities, wrote on [...]