SEOUL, Nov. 27 (Korea Bizwire) – POSCO Engineering announced that it won an engineering, procurement and construction management (EPCM) contract to build a precious metal extraction plant in Chile. Although the contract amount is only US$30 million, it is noteworthy as it is the first time that a Korean firm participates in the metal extraction plant [...]
SEOUL, Nov. 27 (Korea Bizwire) – Daeseong-dong village, located only 400 meters south of the heavily fortified Military Demarcation Line dividing North and South Korea, is the only village where civilians can reside within the de-militarized zone (DMZ) in South Korea. According to the truce that ended the three-year long Korean War (1950-1953), two villages, one in the [...]
“Social-cause marketing is a way to instill self-confidence in the members of the corporation and ultimately enliven the corporate brand, as well as solving some of the social problems. For Korea’s large companies whose growth is slowing in the world market, cause marketing is an important strategy to consider.” “The most important condition for success [...]
SEOUL, Nov. 27 (Korea Bizwire) – Korean actor Lee Min-ho successfully wrapped up the Chinese leg of his “Reboot Lee Min-ho (RE:MINHO)” global tour on November 22 at Mercedes-Benz Arena in Shanghai, joined by around 10,000 fans. The Shanghai concert was his sixth global tour, and the last one held in China. Lee plans to keep [...]
SEOUL, Nov. 27 (Korea Bizwire) – Korea’s native online game “Blade & Soul” has embarked on a mission to conquer Taiwan. NCSoft, the developer of the massively multiplayer online role-playing game, announced on Nov. 26 that it had officially launched the game through its subsidiary NCSoft Taiwan. In the open version, contents up to 45th [...]
SEOUL, Nov. 26 (Korea Bizwire) – Epson Korea has announced the launch of a golf swing analysis system dubbed “Epson M-Tracer for Golf MT500GII”. The device uses two accelerometers to analyze golf swings, and displays the results on compatible smartphones. Attached to the handle of a golf club, the MT500GII measures swing data including the [...]
SEOUL, Nov. 26 (Korea Bizwire) – Seoul taxi drivers are notorious for rejecting customers and driving aggressively. In order to dispel their bad reputation, Seoul Metropolitan Government has introduced “Pororo” taxis in an attempt to paint cabbies in a more friendly light. The Seoul city government modified 20 owner-driven taxis with images of the popular [...]
“I was so sad to hear that a 500-year-old forest was razed over to make way for ski slopes for the Winter Olympics.” “There are many aquariums throughout the world that display dolphins and killer whales in captivity. These are fun for us but for the animals it is living hell. If you can start [...]
SEOUL, Nov. 25 (Korea Bizwire) – Hyundai Motor and Kia Motors are expected to sell a record 8 million vehicles this year, an increase of 440,000 compared to 2013. The Hyundai Motor Group held an export expansion strategy meeting, which included the heads of major subsidiaries, on November 24. At the meeting, the group forecast that it would [...]
SEOUL, Nov. 25 (Korea Bizwire) – The Korean Fair Trade Commission has set out to investigate the pricing policy of IKEA following a controversy surrounding large price differences charged by the furniture giant in Korea and elsewhere. Chang Deok-jin, director in charge of consumer protection with the Fair Trade Commission, said on November 24 in a press [...]