SEJONG, Sept. 10 (Korea Bizwire) – A smart farming town sponsored by SK Group is gaining attention from high ranking officials in Southeast Asian countries including Vietnam and Thailand. According to the Sejong Creative Economy Center, South Asian delegates visited the state-of-the-art “smart farms” which combine agriculture and ICT, and considered the possibility of incorporating the [...]
Jeongseon, Sept. 10 (Korea Bizwire) – The protein bars made of insects in the movie ‘Snowpiercer’ might have been an accurate harbinger of future foods, as Jeongseon-gun is planning to launch cricket concentrate for edible purposes. As the Korean Food and Drug Administration temporarily allowed crickets to be used for edible purposes, Jeongseon-gun is stepping [...]
SEOUL, Sept. 10 (Korea Bizwire) – The wage disparities between native and foreign workers in Korea topped a list of major countries, hinting that Korea shows the strongest wage discrimination against foreigners. According to the OECD Employment Outlook 2015 released on September 9, in Korea, native-born workers earn 1.55 times more than foreign-born workers, the [...]
SEJONG, Sept. 10 (Korea Bizwire) – The National Institute of Biological Resources announced that they will be providing a service where one can search for the names of 200 species of butterflies inhabiting Korea. The service is provided at the homepage of the institute (www.nibr.go.kr/species). By selecting the color, pattern and shape of a butterfly, [...]
SEOUL, Sept. 10 (Korea Bizwire) – As the number of foreign residents continues to increase rapidly, the housing rental market targeting them is expanding and diversifying. According to real estate industry watchers, the preferred residential areas for foreigners are expanding from traditionally popular places like Hannam-dong, Itaewon and Yongsan to Mapo in Seoul, Songdo in Incheon and Pyeongtaek in Gyeonggi [...]
SEOUL, Sept. 10 (Korea Bizwire) – As Homeplus has changed ownership from England’s Tesco to the all-Korean MBK Partners, the company seems to be planning an aggressive revamp of its business practices with a focus on improvements. This could lead to severe competition in the industry. Considering the past, MBK might try to elevate the [...]
SEOUL, Sept. 10 (Korea Bizwire) – IoT (Internet of Things) technologies are revitalizing declining industries, such as the camera, clock and apparel businesses. Their success is said to result from winning the hearts of the ‘Millennial‘ generation. A report issued by the KT Economy and Management Research Center explains that by grafting IoT technology to typical [...]
SEOUL, Sept. 10 (Korea Bizwire) — Dutch electronics giant Philips has expressed interest in taking over a stake in Coway, South Korea’s top water purification maker which has been put on the selling block, industry sources said Thursday. Last month, Seoul-based private equity fund MBK Partners picked Goldman Sachs as a lead manager of the sale [...]
SEOUL, Sept. 10 (Korea Bizwire) – Amore Pacific, South Korea’s top cosmetic maker, said Wednesday it will step up its foray into overseas markets beyond Asia, such as the Middle East and South America, with a focus on the world’s burgeoning megacities. Founded in 1945, Amore Pacific has leveraged the growing popularity of Korean pop [...]
BUSAN, Sept. 10 (Korea Bizwire) — The Busan International Boat Show is set to open on September 17 at BEXCO and Suyeongman Yachting Center. The event will stage everything related to ocean leisure, including luxurious yachts and cutting-edge boats over a period of four days. It is expected that 140 yachts and boats will be exhibited [...]