SEOUL, Sept. 14 (Korea Bizwire) – A secret market for “golden phone numbers”, including mobile phones, company phone numbers and local numbers is known to exceed 26.7 billion won. According to lawmaker Kwon Eun-hee of the main opposition New Politics Alliance for Democracy, who analyzed an Internet site where the golden numbers are traded, a [...]
SEOUL, Sept. 14 (Korea Bizwire) – After an in-depth investigation program from a Seoul-based terrestrial TV channel revealed circumstantial proof that the owner of Hyosung Group created secret funds, the company denied the allegations and threatened the TV channel by taking legal action. On September 12, SBS TV’s hit investigative reporting program “I Want to [...]
SEOUL, Sept. 14 (Korea Bizwire) - The Ministry of National Defense is planning to use big data to build a system that analyzes the characteristics of those who cause problems within the military and those who are at risk of committing suicide. It plans to use the system as a point of reference to weed [...]
SEOUL, Sept. 14 (Korea Bizwire) - Global TV shipments fell at the fastest clip insix years in the second quarter of the year, hit by the sluggish world economy and weaker currencies of emerging countries, industry data showed Sunday. Global TV sales stood at 48 million units in the April-June period, down 8percent from the same period a year earlier, according to the data by industry tracker IHS Technology. It [...]
SEOUL, Sept. 14 (Korea Bizwire) - Samsung Electronics Co. said Sunday it has teamed up with Spanish telecommunications titan Telefonica S.A. to launch an Internet Protocol TV (IPTV) service in Spain. Samsung Electronics explained that the joint service, which began last month, provides access to 119 TV channels and 30 audio channels. Unlike other IPTV services, it does not require a set-top box, which helps cut electricity [...]
SEOUL, Sept. 14 (Korea Bizwire) – A Japanese industrial parts maker and its local sales subsidiary were indicted here on price collusion charges against major South Korean electronics firms, prosecutors said Sunday. Japan-based Minebea Co. and its Korean unit are accused of colluding with another Japanese firm in fixing the price of small bearing products supplied to Samsung Electronics Co. and LG Electronics [...]
SEOUL, Sept. 14 (Korea Bizwire) – Samsung and Hyundai Motor groups slashed their cash reserves in the first half of the year, while other major conglomerates increased their cash piles, data showed Sunday. Listed affiliates of Samsung Group, South Korea’s top family-controlled conglomerate, had a combined 40.5 trillion won (US$34.1 billion) in cashable assets as [...]
SEOUL, Sept. 14 (Korea Bizwire) — The amount of money needed for a trip in Seoul is the sixth-highest among 11 major cities in Asia, accounting for only half of the cost needed for a journey to Tokyo, data showed Sunday. Travelers need to spend approximately 333,000 won (US$280) each day for a stay in [...]
“I call for your understanding because the working-level official’s response does not mean a test-launch plan. Major General Yang made remarks that could mislead (an audience) into believing that there is a plan to test-launch 800-km missiles.” “The remarks indicate that South Korea has a place big enough to accommodate the test-launch of missiles with [...]
SEOUL, Sept. 13 (Korea Bizwire) – South Korea is pushing for the UNESCO listing of documentary heritage related to Japan’s wartime forced labor of Koreans, diplomatic sources said Sunday. The move is apparently intended to counter the July listing of 23 Japanese industrial facilities, where many Koreans were forced to work under harsh conditions during World [...]