SEOUL, Aug. 11 (Korea Bizwire) – SK Planet, the IT solution developer of SK Group, announced that its Syrup Pay service introduced in April is gaining traction, as it surpassed 60 billion won in accumulated transactions this month. SK Planet launched the simple online payment service through all of the shopping channels on its 11St [...]
SEOUL, Aug. 11 (Korea Bizwire) – Armed with price competitiveness, the bestselling Chevrolet Impala from General Motors is brightening its sales outlook in Korea with pre-sales of more than 1,000 units. According to GM Korea, the local unit of GM, it received more than 1,000 pre-sales for the flagship Chevrolet sedan in just six days since [...]
SEOUL, Aug. 11 (Korea Bizwire) – After a serious landmine incident in the demilitarized zone (DMZ), which resulted in severe injuries to two South Korean staff sergeants, the problem of mines in Korea is surfacing again. In the DMZ, a buffer zone between the military forces of the two Koreas, more than one million landmines (officially) [...]
DAMYANG, Aug. 11 (Korea Bizwire) - Meta Provence, located near the metasequoia road in Damyang, which is one of the most beautiful tree-lined roads in Korea, is rapidly turning into a tourist hot spot. ‘Meta Provence’ is a compound word with ‘Meta’ from ‘metasequoia’ and ‘Provence’ put together. As ‘a small piece of Europe’ in Damyang, many [...]
SEOUL, Aug. 11 (Korea Bizwire) – A foreigner who was homeless has met a lonely death. However, neither his nationality nor his identity were able to be verified, making it hard to go through the normal procedures after death. According to the Seoul Metropolitan Government, Mr. ‘Tomas’, a foreigner assumed to be in his 60s, [...]
“This crisis happened as we failed to put in many efforts to improve our governance structure and bolster corporate transparency during the group’s growth. We will resolutely reform the agendas that have raised concerns among the people of Korea, the government, our shareholders, employees and contractors.” “I will push for the listing of Hotel Lotte, [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korean tech giant Samsung Electronics said Tuesday it has begun to mass-produce 256-gigabit (Gb) vertical NAND flash memory chips, making the company the first in the world to have succeeded in manufacturing the storage component in its largest capacity available. The vertical NAND flash, also known as V-NAND, [...]
SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s two policy lenders have shouldered massive bad loans, estimated at 5.5 trillion won (US$4.75 billion), over the past five years, due to a series of collapses of big name companies during the economic slump, a report said Tuesday. The Korea Development Bank (KDB) and the Export-Import Bank of [...]
SEOUL, Aug. 10 (Korea Bizwire) – Sales of dehumidifiers are increasing as the summer heat is accompanied by humidity. According to LG Electronics, sales of dehumidifiers during the last week of July almost doubled compared to the same period last year. Officials say that the high humidity and escalated temperatures caused by the monsoon heading [...]
PYEONCHANG, Aug. 10 (Korea Bizwire) – With tourists flocking to Baengnyong Cave, the county of Pyeongchang is screaming with happiness. Despite the 240 person daily limit, tickets are sold out every day. In addition, tourists are visiting local lodgings and restaurants, stimulating the regional economy. Baengnyong Cave is a natural limestone cave 1.8 kilometers long. [...]