SEOUL, March 4 (Korea Bizwire) – China’s Xiaomi is moving fast to team up with Korean retailers, inking distribution agreements for the Korean market. Xiaomi products are becoming more and more popular for their excellent value proposition, and it seems like the Chinese company is setting out to dominate the Korean market. Xiaomi created a craze [...]
SEOUL, March 4 (Korea Bizwire) – The South Korean car sharing industry is picking up speed to expand beyond the niche market to go mainstream as the government is set to ease regulations on the industry’s operation as a way to curb congestion and pollution. Short-term, automated car rentals entered the local business scene in [...]
SEOUL, March 4 (Korea Bizwire) – South Korea’s policy lender Korea Development Bank (KDB) has established a partnership with an asset management affiliate of the World Bank Group to jointly develop new investment opportunities in Asia, the bank said Friday. A memorandum of understanding for a business partnership between the KDB and the International Financial [...]
SEOUL, March 4 (Korea Bizwire) – A South Korean Chopin competition winner has charmed concertgoers in the famous composer’s home country of Poland. Cho Seong-jin, who won the prestigious 17th international Frederic Chopin piano competition in October, visited the country four months later. His visit coincided with the 206th anniversary of Chopin’s birthday.’ In the [...]
SEOUL, March 4 (Korea Bizwire) – Samsung Electronics Co. said Friday it has reached an agreement to include the U.S.-based bank Wells Fargo & Company in its mobile payment platform, speeding up efforts to promote Samsung Pay. Following the partnership, Samsung Pay users can make purchases using their Wells Fargo accounts. The South Korean tech giant earlier [...]
SEJONG, Dec. 18 (Korea Bizwire) – South Korea’s government on Friday gave approval for the opening of a foreign-owned for-profit hospital on Jeju Island, which can lead to diversification in the country’s medical service sector. According to the Ministry of Health and Welfare, it approved the request made by the Jeju Special Self-Governing Province for [...]
SEOUL, Dec. 18 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. said Friday it has agreed with China’s credit card operator UnionPay Co. to cooperate in promoting its new mobile payment system in the Chinese market. Under the deal, the two firms will aim to release Samsung Pay in the first half [...]
SEOUL, Dec.18 (Korea Bizwire) – Research shows that most forms of cancer are caused by bad living habits and are not hereditary. A research team at Stonybrook University in the U.S. announced that the results of its research indicate that 70 percent to 90 percent of common types of cancer including breast, testicle and lung [...]
SEOUL, Dec.18 (Korea Bizwire) – Dongbu Daewoo Electronics has announced that ‘Mini’, its drum washing machine that can be installed on a wall, was selected as a ‘next generation world-class product’ at the 2015 World-Class Goods Certification. ‘Mini’ is the first drum washing machine that can be installed on a wall. It is 29.2 centimeters [...]
SEOUL, Dec. 18 (Korea Bizwire) – Once his reported two-year deal worth US$7 million with the Baltimore Orioles is complete, South Korean All-Star Kim Hyun-soo should immediately fill the club’s pressing needs on both ends of the game as a left-handed hitting outfielder. If Kim, 27, passes his physical, he will become the first player [...]