SEJONG, March 23 (Korea Bizwire) — South Korea’s anti-trust regulator on Monday ordered the local subsidiary of Bayer to sell its oral contraceptive pill operation that it acquired when its parent bought Merck & Co., citing conflicts with the country’s fair trade rules. The Fair Trade Commission (FTC) said it ordered Bayer Korea to dispose of its [...]
SEOUL, March 23 (Korea Bizwire) – South Korea formally signed a free trade agreement with New Zealand on Monday, the latest in a series of deals Seoul has inked to boost the country’s exports. South Korean President Park Geun-hye and New Zealand Prime Minister John Key observed the signing of a deal after their summit [...]
SEOUL, March 22 (Korea Bizwire) — A farewell party for the 2,500 university students from 117 countries who participated in WorldMUN 2015 was held on March 20 at Sevit Island, a man-made island complex on the Han River. The students exchanged cultural legacies from their countries and continued with model UN conferences at the Sevit [...]
SEOUL, March 22 (Korea Bizwire) — A multitude of ‘clean water-appreciating’ events took place around Korea in celebration of the upcoming UN-designated World Water Day on March 22. The city of Ulsan prepared an event in which clay EM (Effective Microorganism) balls, designed to purify water, were thrown into the city’s river on March 20. [...]
SEOUL, March 22 (Korea Bizwire) — Naver has opened an online video-clip encyclopedia composed of more than 20,000 clips, said the company on March 20. The video encyclopedia covers various subjects such as math, science, sociology, arts and medicine. The clips, sourced from Naver’s own digital archives and EBS, were scattered over the entire Naver platform [...]
SEOUL, March 22 (Korea Bizwire) — Ourhome, a Korean food services company, and an official sponsor of the Gwangju Summer Universiad, will be providing Halal lunch boxes and buffets for Universiad participants, said the company on March 20. Ourhome is currently establishing a Halal production line at its Ansan factory. Ourhome will also establish a Halal [...]
SEOUL, March 22 (Korea Bizwire) — Samsung Electronics has installed 68 floor tiles that generate electricity when they’re walked on at Sandton City, a shopping center located in Sandton, Johannesburg. The power generated by the tiles from March 7 to 19 was 180kW, which corresponds to the amount of electricity needed to power a typical Korean [...]
SEOUL, March 22 (Korea Bizwire) — The three biggest mobile network operators in Korea, SK Telecom, KT and LG Uplus have joined forces to launch a unified app store platform, One Store, in a move that will combine their current offerings, T Store, Olleh Market and U Plus Store. The three mobile operators invited 350 app developers [...]
BEIJING, March 21 (Korea Bizwire) — Scores of pictures of South Korea’s easternmost islets of Dokdo will be put on display in Beijing next week, the event’s organizers said Saturday, marking the first overseas photo exhibition of Dokdo. Dokdo, which lies closer to South Korea in the body of water between the Korean Peninsula and Japan, [...]
SEOUL, March 20 (Korea Bizwire) – Prices at the recently opened IKEA store in Gwangmyeong, on the outskirts of Seoul, are among the most expensive in the OECD. The only country with higher average prices than Korea is IKEA’s home base of Sweden. The global furniture giant appears to have chosen a high-price policy in Korea, [...]