The construction company announced on February 4 that it received the certification of no accidents for 15 million man-hours from the Land Transport Authority (LTA) of Singapore as there have been no accidents in the 66 months since the groundbreaking in June 2009. The 15 million accident-free man-hours record is far from easy to accomplish, since [...]
SEOUL, Feb. 5 (Korea Bizwire) – On Weekend nights, residents of Yeongjong Island, the home of Incheon International Airport, suffer from headaches caused by joyriders who stage impromptu races with foreign-made vehicles. Recently, a traffic accident causing the death of a passenger occurred on an island road without CCTV coverage. However, police have given up [...]
SEOUL, Feb. 5 (Korea Bizwire) – Two major players in Hanwha Group’s photovoltaic business, Hanwha SolarOne and Hanwha Q-Cells, have decided to integrate with each other and to begin operating under the name of Hanwha Q-Cells. On February 4, Hanwha SolarOne held an extraordinary general meeting of shareholders in Shanghai, China, and decided to acquire all [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s top tech giant Samsung Electronics began sales of its first Tizen-powered TV on Thursday in its home market, the first step in the company’s strategy to connect all its consumer electronics to the operating system. The newly launched models are curved SUHD TVs, the latest version of [...]
SEOUL, Feb. 4 (Korea Bizwire) — South Korea’s foreign exchange reserves slipped in January from a month earlier as the currency value of the euro and the British pound weakened, data showed Wednesday. The country’s foreign exchange reserves reached US$362.2 billion as of the end of last month, falling $1.4 billion from December, according to Bank [...]
“I urge both the ruling and opposition parties to find a middle ground on what kind of social welfare the country needs before coming up with ways to pay for such expenditures. There are considerable differences between political parties as well as ordinary citizens on what the level of welfare coverage should be.” “Experience has [...]
SEOUL, Feb. 4 (Korea Bizwire) – Ahead of the Valentine’s Day season, the portion of imported chocolate products has steadily increased over the past three years. According to Lotte Mart, sales of imported chocolate during the Valentine’s season (from Feb. 1 to 14) increased from 39.4 percent in 2012 and 54.5 percent in 2013 to 58.3 [...]
SEOUL, Feb. 4 (Korea Bizwire) – Seoul Metropolitan Government plans to offer free HIV testing at its 25 health centers, which can show the results in just 20 minutes. No personal information will be required from the examinees, and the test will be conducted for free. The city government announced on February 3 that after a one-year [...]
SEOUL, Feb. 4 (Korea Bizwire) – Young Toys, the largest toy maker in Korea, rang up 110 billion won in sales and 30 billion won in earnings before interest, taxes, depreciation, and amortization (EBITDA) last year thanks to hot sales of its Tobot series. This year, it aims to accumulate 150 billion won in revenue by [...]
SEOUL, Feb. 4 (Korea Bizwire) – Public phone booths, almost useless now, are being repurposed as charging stations for electric vehicles (EVs). KT Linkus, a KT subsidiary that is in charge of the management and maintenance of public phones, began a pilot project offering EV charging stations by transforming three phone booths in Seoul from February 3, [...]