SEOUL, Nov.11 (Korea Bizwire) – Hyundai Motor has revealed its new premium luxury sedan, the Genesis EQ900. The vehicle is equipped with cutting edge technology, from autonomous features to first class VIP seats that adjust to the posture of the driver. The EQ900 is the fruit of a project carried out with the participation of [...]
CHUNGJU, Nov.11 (Korea Bizwire) – At a popular nursery school, parents waited quietly as a lottery to determine which children would enter kicked off. You could cut the tension with a knife. In the end, only 25 children were selected to enter the class for five-year-olds, even though 118 applied. The 93 parents whose children [...]
SEOUL, Nov. 11 (Korea Bizwire) – President Park Geun-hye expressed hope Wednesday that a social security commission will lead the country’s welfare policies. “I hope that (the commission) will always worry and make efforts from the point of the people and build internal stability of social security policies, as well as act as the centripetal [...]
SEOUL, Nov. 11 (Korea Bizwire) – Household loans extended by local lenders increased at the fastest clip last month, central bank data showed Wednesday, amid the rising possibility of a looming U.S. rate hike. Outstanding household loans extended by local banks reached 624.8 trillion won (US$539.3 billion) as of the end of October, up 9 [...]
SEOUL, Nov. 11 (Korea Bizwire) – Uber, the controversial ride-booking mobile app, will make a fresh start in Seoul with its high-end version to be serviced on a popular Korean-made luxury sedan, its U.S. operator said Wednesday, seeking to set foot here for the second time after the business hit a snag due to opposition [...]
SEJONG, Nov. 11 (Korea Bizwire) – South Korea’s jobless rate fell in October as more people were hired in the manufacturing, and facility management and business support service sectors, a government report showed Wednesday. According to the report by Statistics Korea, the jobless rate stood at 3.1 percent last month, down from 3.2 percent in [...]
SEOUL, Nov. 11 (Korea Bizwire) – Samsung Electronics Co. and LG Electronics Inc., South Korea’s top two tech firms, said Wednesday that they have garnered international awards for some of their latest home appliances, mobile devices and memory chips. Samsung won the Best of Innovation award for a total of 38 products, including the most [...]
SUWON, Nov.10 (Korea Bizwire) – The number of accidents caused by foreigners driving without a valid driver’s license has been increasing rapidly. However, since there is no way for Koreans to receive compensation when a foreign driver without a license causes an accident, there is increasing pressure for legal countermeasures to be introduced. According to [...]
SEOUL, Nov.10 (Korea Bizwire) – Brain images will be taken and used as evidence at the appeal trial of Park Chun-poong (55, Chinese) who is on trial for the ‘mutilation murder of Paldal mountain’. The case marks the first time that actual footage of the brain will be used in a trial rather than the [...]
SEOUL, Nov. 10 (Korea Bizwire) – Hyundai Motor Co. Vice Chairman Chung Eui-sun bought an additional stake in the country’s leading automaker on Tuesday as part of efforts to tighten his grip on the company and protect shareholders’ value, the company said. Chung, the son of Hyundai Motor Group Chairman Chung Mong-koo, spent nearly 300 [...]