SEOUL, Nov. 16 (Korea Bizwire) — Of all registered executives of Korean publicly listed firms, Shin Jong-kyun, Samsung Electronics’ IT & mobile division president, was ranked as the highest paid executive for the first nine months of the year at 12 billion won (US$10.9 million). Chung Mong-koo, Hyundai Motor Group chairman, won the top position among [...]
SEOUL, Nov. 16 (Korea Bizwire) — The next main computer system of Kookmin Bank has been determined as IBM’s mainframe computer. The bank held a board of directors meeting on November 14 to approve a proposal to select the new computing system that has been the focus of a controversy for months. Kookmin Bank has [...]
SEOUL, Nov. 16 (Korea Bizwire) — Shinhan Financial Group held a signing ceremony on November 14 with six institutional investors who will invest in the 200-billion-won “Shinhan BNPP Japan Solar Power Fund.” The targeted blind fund will specialize in investing in companies in Japan’s solar power industry. This is a 23-year closed private equity trust fund [...]
SEOUL, Nov. 16 (Korea Bizwire) — Sweden’s furniture giant IKEA will open its first store in Korea on December 18 in Gwangmyung, a residential town located in the southern outskirts of Seoul. Earlier on November 13, the company launched a Korean website and showed off more than 8,000 items on sale and their prices. As the [...]
SEOUL, Nov. 16 (Korea Bizwire) — Premium vodka brand Absolut said on November 14 that it would unveil the “Andy Warhol Edition” sporting Andy Worhol painting printed on the bottle. In celebration of the edition’s launch, the company will hold a free exhibition “Andy Warhol and Friends” at the Jean Art Gallery in Tongeui-dong in downtown Seoul [...]
SEOUL, Nov. 16 (Korea Bizwire) — Millet, the French premium outdoor brand, will hold a “Millet-Peugeot Event” in celebration of the launch of the city outdoor lineup “Millet-Peugeot.” The promotional event can be entered by visiting any Millet store and filling out a sweepstake form without any need for purchase. The first prize winner will [...]
SEOUL, Nov. 15 (Korea Bizwire) — Korea will lead in the area of international standards for wearable devices. The Korean Agency for Technology and Standards said on November 14 that it suggested the establishment of a standard setting committee for wearable smart devices at the 78th International Electrotechnical Commission meeting currently held in Tokyo, for [...]
SEOUL, Nov. 15 (Korea Bizwire) — Maybe you have wondered whether you can read your favorite book anywhere anytime. Now you can, with a new book scan app called “Pantascan.” At the affordable cost of 15,000 won (US$13.63), the app can turn a full-length book into a PDF file in 30 minutes without ripping [...]
SEOUL, Nov. 15 (Korea Bizwire) — The Korean government will ban Asiana Airlines from flying to San Francisco International Airport for 45 days as a punishment for causing a runway crash in July last year that killed three. On November 14, the Ministry of Land, Infrastructure and Transport said its administrative deposition deliberation committee decided to ground [...]
SEOUL, Nov. 15 (Korea Bizwire) — Samsung Electronics will debut its “Gear VR Innovator Edition,” the world’s first smartphone-based virtual reality headset, in the United States early next week. The Gear VR, which will come in frost white color, will be sold with the game pad through its online store. The Gear VR is based on [...]