The overseas operations of KEPCO has multiple advantages in that it can help the company reduce debt while bringing down the domestic electricity rates and creating high-paying jobs in overseas locations in which it does business. (image: Ramkumar/ Flickr) SEOUL, Aug. 12 (Korea Bizwire) — Korean Electric Power Corporation (KEPCO) announced that the net earnings for this [...]
SEOUL, Aug. 12 (Korea Bizwire) —LG Uplus announced on August 10 that it is launching a new TV commercial for its “LTE Live Broadcasting” service, which allows users to broadcast video feeds from the smartphone to their living room in real time for the first time in the world. LTE Live Broadcasting is the world’s first [...]
SEOUL, Aug. 12 (Korea Bizwire) — Hyundai Department Store won a bid to acquire WiniaMando Inc., the company better known as its kimchi refrigerator brand “Dimchae.” With the acquisition of the kimchi fridge manufacturer, the department store operator could add electronics manufacturing in its business portfolio. On August 10, the department store announced that it signed [...]
SEOUL, Aug. 12 (Korea Bizwire) — Samsung Electronics began selling two models of “Samsung Smart Signage TV” for small- and mid-sized business owners enabling a variety of advertisement inside their shops. On August 11, Samsung put the 40-inch and 48-inch smart signage TVs on the market targeting small firms and self-employed business owners. As an innovative [...]
SEOUL, Aug. 11 (Korea Bizwire) — Social network services are gradually evolving toward a communication tool for groups of people with same hobbies or goals. If the existing services are mainly used to strengthen ties with people already knowing with each other, the new social networking tools focus more on creating new relationships with people [...]
SEOUL, Aug. 11 (Korea Bizwire) — Korea’s online game companies posted disappointing results for the second quarter. NHN Entertainment (formerly Hangame) said on August 7 it recorded an operating loss of 7.3 billion won(US$7.08 million) for the quarter. This is the first quarterly loss for the company since its founding as a gaming division of Naver in [...]
SEOUL, Aug. 9 (Korea Bizwire) - From August 8, both the driver’s and the front-seat passenger’s air bags must be deployed in all newly registered taxis. If they are not, taxi drivers will be suspended of their business for up to 90 days. On August 7, the Ministry of Land, Infrastructure and Transport announced that taxis [...]
SEOUL, Aug. 9 (Korea Bizwire) - The Ministry of Food and Drug Safety launched an investigation after it received consumers’ complaints that they noticed a strong smell of disinfectant when they opened a Cass can, Oriental Brewery’s flagship product. As it fuels fears among consumers, the rumor seems to have a bad effect on its sales. [...]
SEOUL, Aug. 9 (Korea Bizwire) — More than a half of Koreans who have purchased overseas goods directly used Amazon, world’s largest online shop. According to the Korea Consumer Agency which conducted a customer satisfaction survey among 1,000 Koreans with experience of overseas direct purchase in the past two years, 55.9 percent of them have purchased [...]
SEOUL, Aug. 9 (Korea Bizwire) – Over the series of increases in coffee prices of major coffee shop franchises, a consumer group warned a show of force arguing the markups are groundless. The Coffee Bean & Tea Leaf raised the price of a small-sized cup of Americano by 4.7 percent, from 4,300 won to 4,700 won, [...]