SEOUL, March 25 (Korea Bizwire) – Nearly half of all Koreans are expected to reduce their consumption this year compared to last year, hinting that the retail and food service industries which suffered stagnant sales and reduced profits due to the sluggish economy last year will have to endure more hard times. According to market [...]
SEOUL, March 25 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom slipped below a 50 percent share in the domestic market for the first time in 13 years in February, data showed Wednesday. According to data compiled by the Ministry of Science, ICT and Future Planning, SK Telecom had 49.6 percent of the [...]
SEOUL, March 25 (Korea Bizwire) — Korean researchers have developed a dust-sized identifier, which could be seen as an ‘artificial fingerprint’, which cannot be duplicated but can be fine-tuned based on security strength. A team led by professor Kwon Sung-hoon at Seoul National University and professor Park Wook at Kyung Hee University said on March 24 that [...]
SEOUL, March 25 (Korea Bizwire) — McDonald’s is holding a singing competition for their new Big Mac campaign. Anyone can participate in the online pre-competition to sing the best version of the famous song featured in the company’s Big Mac commercials. McDonald’s is also holding ‘Big Mac Big Day’ events, where customers are given free Big [...]
SEOUL, March 25 (Korea Bizwire) — The Jindo Sea in Korea parted and revealed a 2.8-kilometer-long dry seabed, which could be described as a modern day Moses’ miracle, welcoming 610,000 tourists from March 20 to 24. The mysterious event is actually an annual natural phenomenon unique to the Jindo Sea, and has been celebrated by [...]
SEOUL, March 25 (Korea Bizwire) — A Korean regional court has reached an interesting verdict in an online insult case. Incheon District Court judge Kim Sung-jin said on March 24 that a university student on a leave of absence has been fined 2 million won (US$ 1,800) on charges of insulting the ID, not the [...]
SEOUL, March 25 (Korea Bizwire) — Due to the weakening euro and yen, Korean shoppers frequently using foreign online retailers are increasingly turning to German and Japanese online stores and away from previously popular American and Chinese options. According to overseas direct purchase agency Malltail, the number of purchases from German online retailers through the agency [...]
SEOUL, March 25 (Korea Bizwire) – South Korea’s No. 3 mobile carrier, LG Uplus, said Wednesday it has launched a smart-car management system that runs on the long-term evolution (LTE) network, providing users with real-time information related to their automobiles to ensure safer driving. Dubbed Telematics in Athena (TiA), the service allows users to check [...]
SEOUL, March 25 (Korea Bizwire) — The South Korean economy expanded 3.3 percent in 2014 as increased facility investments offset slowing growth in construction investment and exports, the central bank said Wednesday. The revised 2014 reading by the Bank of Korea (BOK) is on par with an earlier estimate of 3.3 percent released in January. It [...]
SEOUL, March 25 (Korea Bizwire) – In light of a lengthy doping suspension handed down to the South Korean Olympic swimming champ Park Tae-hwan, a local rule penalizing drug offenders has come under fire for its potential double punishment of athletes. Earlier this week, Park was suspended for 18 months for testing positive for testosterone [...]