SEOUL, Aug. 17 (Korea Bizwire) – As camping and water-related leisure activities increase, the South Korean government has decided to introduce a driver’s license category exclusively for vehicles suited to these types of activities. According to the National Police Agency, a revised bill for the Road Traffic Act, which includes the introduction of a driver’s [...]
SEOUL, Aug. 17 (Korea Bizwire) – Kia Motors unveiled rendered images of the fourth generation of its Sportage model on August 17. With design keywords “Sporty and Powerful Energy”, Kia realized more a powerful and innovative SUV style in its design based on creative structure and plentiful volume, compared to the existing model. Kia describes its [...]
SEOUL, Aug. 17 (Korea Bizwire) – The Powerbot, introduced one year ago by Samsung Electronics, is holding an overwhelming 90 percent market share in the premium robot vacuum market in Korea after selling 25,000 units. In July 2014, Samsung Electronics rolled out the Powerbot, which features an ultra-powerful digital inverter motor that is 140 times [...]
YONGIN, Aug. 17 (Korea Bizwire) – In a bid to improve local service, Volkswagen has opened a technical center in Yongin, Korea. The center is expected to raise service quality by delivering up-to-date technology from its headquarters in Germany, and helping with repairs requiring advanced capabilities. To train service engineers in Korea, the center will [...]
SEJONG, Aug. 17 (Korea Bizwire) – After non-governmental organizations suggested that merchandise related to idol groups was overpriced, the Fair Trade Commission (FTC) announced that they have started an investigation. The Seoul YMCA conducted research on the price of idol group merchandise, and requested that the FTC launch a formal investigation. The target of investigation was [...]
NAMHAE, Aug. 17 (Korea Bizwire) – After unveiling new cars such as The Next Spark, Impala and Trax Diesel from their Chevrolet brand, GM Korea has announced the launch of their ‘Drive Chevrolet’ program, which will make 2,000 Chevrolet cars available for test-drives starting next month. Marc Comeau, the vice president of GM Korea’s Marketing and [...]
SEOUL, Aug. 17 (Korea Bizwire) — South Korea’s No. 3 conglomerate SK Group said Monday it plans to have all its affiliates adopt a new wage system by next year, in line with the government’s effort to boost the labor market. Under the wage peak system, employees accept a reduced salary in exchange for working for [...]
“Korean culture has been extremely influential all over the world, gaining fans not just in Europe but also in South America, the Middle East and even parts of Africa. I think its influence will continue to grow.” “While music videos have been vanishing in Europe due to their low return on investment, K-pop has persistently [...]
SEOUL, Aug. 16 (Korea Bizwire) — Large South Korean companies have sent more than US$400 billion to offshore tax havens over the past eight years, with nearly 40 percent of the amount yet to be returned home, data showed Sunday. According to the data by the Bank of Korea and other government agencies, local big firms remitted [...]
SEOUL, Aug. 16 (Korea Bizwire) — Samsung Electronics plans to launch its two new phablets in South Korea this week to coincide with the commercial start of a mobile payment service on its home turf, a company executive said Saturday. Samsung, the world’s largest smartphone maker, showcased the Galaxy Note 5 and Galaxy S6 Edge+ phablets, or a [...]