SEOUL, Nov. 2 (Korea Bizwire) – The Korean Minister of National Defense, Han Min-goo, who is now visiting Malaysia, agreed with the Myanmarese Minister of National Defense, Sein Win, to open a Korean Language course at the military school of Myanmar. The meeting marked the first time that Korea and Myanmar held defense ministerial talks. [...]
SEOUL, Nov. 4 (Korea Bizwire) – E-commerce giant Coupang has announced that it will be investing 1.5 trillion won by 2017 to hire 40,000 delivery people called ‘Coupang Men’, and increase its number of logistics centers from 14 to 21. This is a significantly larger-scale investment than the 1 billion dollar infusion attracted from Softbank, [...]
SEJONG, Nov. 4 (Korea Bizwire) – The number of temporary workers in South Korea rose in August from a year earlier as more elderly people joined the workforce, government data showed Wednesday. The economic active population report by Statistics Korea showed the number of temporary workers rising by 194,000 on-year to a little more than [...]
SEOUL, Nov. 4 (Korea Bizwire) – South Korean chipmakers are expected to expand their production of dynamic random access memory (DRAM) chips despite falling market prices in a bid to cope with the rise of Chinese rivals, industry sources said Wednesday. The global contract price for a DDR3 4GB module, the standard in setting the [...]
SEOUL, Nov. 3 (Korea Bizwire) – Sales of kimchi refrigerators have shown a sharp uptick in the past year. The appliances, which have a typical replacement period of 10 years, are in high demand with an increase in the number of people moving due to soaring rental costs. According to Emart, total sales of kimchi [...]
GUMI, Nov. 3 (Korea Bizwire) – Ten years ago, the sidewalks near the main thoroughfares in Gumi did not have many trees, making it impossible to avoid the sun in the summer time. However, the area has since undergone a transformation into an urban forest. The municipal government has invested 3.5 billion won since 2007 [...]
SEOUL, Nov. 3 (Korea Bizwire) - Samsung Electronics Co. showcased two Android-powered budget smartphones in India on Tuesday, in line with its efforts to solidify its presence in the South Asian country. The smartphones, the Galaxy On5 and On7, will come with a price tag of 8,990 Indian rupees (US$137.2) and 10,990 Indian rupees respectively, the [...]
SEOUL, Nov. 3 (Korea Bizwire) - The results of a very unusual study have showed that the sound from a traditional Korean drum can suppress anaphylaxis, an acute symptom of allergic shocks. Anaphylaxis is a type of acute immune reaction. If anaphylaxis occurs when one is stung by a bee, one can die because of [...]
JEJU, Nov. 2 (Korea Bizwire) – The Jeju Tourism Organization’s duty free stores for locals reported sales of 47 billion won so far this year, which is an all-time high. It topped the previous record, which was 42.2 billion won in 2011, by 11.4 percent. Officials said that the increase in local tourists that visited [...]
SEOUL, Nov. 3 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. said Tuesday that their combined sales in China grew for the first time in six months in October. The two leading South Korean carmakers said that they sold a total of 156,575 vehicles in China last month, up 4.7 [...]