SEOUL, Aug. 13 (Korea Bizwire) – As early as January of next year, Renault-Samsung’s Twizy, an ultra-compact battery-powered vehicle, will explore Korean streets through a trial project. Currently, use of the vehicle is banned even for testing, due to a lack of related regulations. The Ministry of Land, Infrastructure and Transport announced that it would [...]
SEOUL, Aug. 13 (Korea Bizwire) – President Park Geun-hye granted special pardons Thursday to high-profile businessmen and more than 6,500 others ahead of Liberation Day. “I decided to grant special pardons in order to help forge national reconciliation and revitalize the economy as well as to boost people’s spirits,” Park said in a Cabinet meeting. The [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s top tech giant Samsung Electronics has won a patent for hologram technology that works on smartphones, the U.S. patent office said Thursday, which may mark another significant progress in the development of mobile devices. Samsung applied for the patent, dubbed “mobile device capable of displaying hologram and hologram [...]
SEOUL, Aug. 13 (Korea Bizwire) — South Korea’s top financial regulator will set up an entity that mainly deals with corporate restructuring later this year to put government-led workout programs in private hands, officials said Thursday. In a report submitted to the parliament, the Financial Services Commission (FSC) said it has inked a memorandum of [...]
SEOUL, Aug. 12 (Korea Bizwire) – Hyundai Motor has started advertising for applicants to participate in the ’2015 Hyundai Eco Driving Challenge’. This is a competition to pick an individual who drives while using fuel the most efficiently. The contest will be held at a circuit where the conditions are harsh on fuel efficiency, with sharp [...]
JEONJU, Aug. 12 (Korea Bizwire) – “If a frog can live in this rice paddy, the rice that grows here is naturally safe to eat.” An event to release leopard frogs at rice paddies to grow eco-friendly rice has been held in Jeonju. Children were able to let go of the frogs, releasing them into [...]
SEJONG, Aug. 12 (Korea Bizwire) – As speculation about Daum Kakao launching a chauffeur service is building, the Ministry of Land, Infrastructure and Transport made it clear that they viewed the situation from a neutral perspective. The Ministry of Land, Infrastructure and Transport explained that chauffeur services are classified as a free business type. “There is [...]
SEOUL, Aug. 12 (Korea Bizwire) – The staff of MBC TV’s ‘Infinite Challenge‘ made an announcement regarding the ‘Yeongdong Expressway Song Festival’ that will be held on August 13. The staff requested that those who plan to attend the gig park their cars at Alpensia resort, and take a shuttle bus to the site. Also, [...]
ULSAN, Aug. 12 (Korea Bizwire) - After Hyundai Motors announced that they would be adopting a salary peak system, they also discussed the idea during a recent bargaining session. At the negotiation session held on August 11, there were 50 bargaining agents present. Since the negotiation was held right after the group announced that they would [...]
SEOUL, Aug.12 (Korea Bizwire) – In order to revitalize the national tourist market and domestic economy that are withering from the effects of the Middle East Respiratory Syndrome (MERS) outbreak, the ‘Korea Grand Sale’ will take place from August 14 to October 31. Officials say that the sale will be the largest in scale since the [...]