![[Quote] Korean Economy Is Not Mired in Deflation, Says BOK Governor](http://koreabizwire.com/wp/wp-content/uploads/2014/09/2279829783_0a40ae24d3_z.jpg "[Quote] Korean Economy Is Not Mired in Deflation, Says BOK Governor")
“Technically speaking, Korean economy is not deemed to have entered deflation. Although consumer prices have continued to stay in the meager 1-percent range for nearly two years, this trend is largely caused by supply factors such as downward prices of agricultural products and global energy goods. The underlying inflation which indicates basic price pressure in terms [...]
![[Photo] Samsung’s UHD Monitor Obtains Prestigious Performance Certificates](http://koreabizwire.com/wp/wp-content/uploads/2014/09/15221921046_5e5baf989b_z.jpg "[Photo] Samsung’s UHD Monitor Obtains Prestigious Performance Certificates")
SEOUL, Sept. 16 (Korea Bizwire) – Samsung Electronics’ ultra-high definition (UHD) monitor for professionals won the industry’s first certification for its outstanding picture quality and color match printing performance. The certification for the 31.5-inch monitor has been awarded from such renowned international certification organizations as Underwriters Laboratories (UL), TÜV Rheinland and Forgra. The UD970′s UHD picture quality [...]
![[Photo] LG Electronics’ Washer and Refrigerator Win ‘VIP Awards’](http://koreabizwire.com/wp/wp-content/uploads/2014/09/11696847884_9a81c44127_z.jpg "[Photo] LG Electronics’ Washer and Refrigerator Win ‘VIP Awards’")
SEOUL, Sept. 16 (Korea Bizwire) – LG Electronics’ home appliances were selected as this year’s top performers in the laundry and refrigerator categories in the 2014 VIP (Very Important Product) Awards announced by the U.S. consumer electronics magazine TWICE. LG’s new front-control top-load TurboWash washer and mega-capacity Door-in-door 3-door refrigerator were recognized for their notable impact [...]
SEOUL, Sept. 16 (Korea Bizwire) – The National Health Insurance Service (NHIS) filed a lawsuit against Korea Tobacco & Ginseng (KT&G), Philip Morris International Korea, and British American Tobacco (BAT), claiming, “The three companies are obliged to recompense our compensatory damages paid over tobacco-related diseases like lung cancer and laryngeal cancer.” The hearing held at the Seoul [...]
SEOUL, Sept. 16 (Korea Bizwire) – The Rural Development Administration (RDA) began offering an updated version of the smartphone application, “Dog Food Calorie Calculator” after reviewing the feedback of app users. The app, calculating the amount of food for a dog for a day based on their breeds and weight, informs the obesity of the [...]
SEOUL, Sept. 15 (Korea Bizwire) — Hyundai Accent, a signature small-sized car model made by Hyundai, has been upgraded to provide a range of various benefits to a driver. The Accent 2015, to be marketed starting September 15, has enhanced its ‘cool’ factors to lure young drivers. With its stylish image and added color options [...]
SEOUL, Sept. 15 (Korea Bizwire) – China-based mobile phone makers are likely to shake up the mobile industry in South Korea, a stronghold of the smartphone industry, as Chinese brands are gearing up for pushing in this nation well known for Samsung and LG. The rumor that Huawei Honor 6 would be released in South Korea turned out to be true [...]
SEOUL, Sept. 13 (Korea Bizwire) – According to a recent survey by the Statistics Korea, single households are purchasing more lotteries or lottos than other multi-person households. On average, a single-person household spends 894 won (89 US cents) a month to buy the lottery, more than twice higher than 335 won (34 cents) of a [...]
SEOUL, Sept. 12 (Korea Bizwire) – BMW announced that it will showcase its 7-Series Individual Final Edition at the forthcoming Paris Motor Show. The special 7-Series targets the French market and the Individual program will offer customized interior, exterior paintjobs, seats and steering wheels. The Paris Motor Show will kick off on Oct. 4 for two weeks [...]
![[Photo] LG Uplus Rolls Out Upgraded Version of Home Monitoring Service MomCa 2](http://koreabizwire.com/wp/wp-content/uploads/2014/09/mamca2.jpg "[Photo] LG Uplus Rolls Out Upgraded Version of Home Monitoring Service MomCa 2")
SEOUL, Sept. 12 (Korea Bizwire) — LG Uplus introduced MomCa 2, a sequel to its home surveillance technology MomCa. With the 100Mbps WiFi bundled with the home surveillance camera for real-time monitoring, users can check with what is going on inside their houses using their mobile handsets with a high-definition video. Advanced angle control — up [...]