SEOUL, Nov. 4 (Korea Biwire) — A total of 12 domestic and international banks including Shinhan Bank and Bank of Communications have been selected as “market makers” for won-yuan direct transactions. The Bank of Korea said on November 3 that it designated 12 banks as market makers as part of a policy measure to encourage transactions between the [...]
SEOUL, Nov. 4 (Korea Bizwire) – As the voice of smokers becomes louder for their smoking rights in Korea, the number of patent applications related to smoking rooms which can be a compromising alternative for both smokers and non-smokers is skyrocketing, according to the Korean Intellectual Property Office (KIPO). The KIPO announced that the number of patent [...]
SEOUL, Nov. 4 (Korea Bizwire) – GM Korea voluntarily altered the standard mileage of the Chevrolet Cruze and Lacetti Premier 1.8-liter gasoline models and decided to compensate for the error with cash to their owners. On November 3, the South Korean unit of General Motors said in a statement that it decided to downgrade the fuel economy [...]
SEOUL, Nov. 3 (Korea Bizwire) – Celebrating the 21st anniversary of its foundation, E-Mart, Korea’s largest discount store chain, on November 2 rolled out two kinds of “private reserve” wines produced by Chateau Lafite, one of five famous French wine distilleries. The introduction of “private reserve” wine in Korea is the third one after the U.S. [...]
SEOUL, Nov. 3 (Korea Bizwire) – Kia Motors has revealed the exterior design of a facelift model of the K9 to be launched in mid-November and said it would mount a V8 5.0-liter engine for the first time in Korea. The facelift model will add majesty and sophistication to the existing upscale design all the while putting [...]
“In order to become a good soccer player, you need to be able to enjoy the game instead of being obsessed with winning. If you can do it, you can improve your skill and stamina.” “Investment in youth soccer will ultimately upgrade the quality of professional soccer players. It is of utmost importance to strike [...]
SEOUL, Nov. 1 (Korea Bizwire) — For three days between October 31 and November 2, a “cockle” festival is to be held in Beolgyo, a township in Boseong County, South Jeolla Province, in the southern coast. Beolgyo is Korea’s largest cockle-producing center. Cockle, or blood cockle, is a small, edible saltwater clam used in Korea [...]
SEOUL, Nov. 1 (Korea Bizwire) – Hyundai Motor said on October 31 that it would open “Aslan Space,” a special limited-time exhibition space, to allow visitors to experience the performance of the Aslan in five locations across the country including the Dongdaemun Design Plaza in downtown Seoul for six days between November 1 and 6. To the [...]
SEOUL, Nov. 1 (Korea Bizwire) – Korea Water Resources Corp. (K-Water) took the operational control of Angat Dam in the Philippines and began its operation on October 31. It is the first instance for a Korean firm to run an overseas dam. Located 58 kilometers northeast of Metro Manila, the multi-purpose dam has a hydroelectric power [...]
SEOUL, Nov. 1 (Korea Bizwire) – A joint research team of Korean and Hungarian scientists opened a new way to use graphene, often called “dream material,” as a semiconductor element by forming it nanometer-sized ribbon. The Korea Research Institute of Standards and Science (KRISS) announced on October 30 that its Center for Nano-metrology Division led by [...]