POCHEON, Aug. 10 (Korea Bizwire) - Did you know that Korean pine trees were called ‘Japanese red pine’ in English? Pine trees are found all over Korea, but were called ‘Japanese red pines’ because the pine trees in Japan were known to the western hemisphere first. To celebrate the 70th anniversary of independence, the Korean [...]
SEOUL, Aug. 10 (Korea Bizwire) – At 10 a.m. in the morning on a Thursday, about 100 people in their 20s and 30s were standing in line in front of the Nike store at Yeongdeungpo’s Times Square mall. The line was due to the imminent launch of a new ‘Nike Airmax 95‘ model. The sneakers were [...]
SEOUL, Aug. 10 (Korea Bizwire) – Usually, the most popular kind of ramen in the summer is cold spicy noodles, but this year, Jajang ramen is in high demand. Due to its popularity, sales of ramen noodles, which have dropped over the past few years, are rebounding. According to Emart, even when the domestic market [...]
SEOUL, Aug. 10 (Korea Bizwire) – The South Korean government has set a concrete strategy for technology development related to drones and autonomous vehicles, and will implement the plans by next year. The Ministry of Science, ICT and Future Planning announced that it held a meeting on August 9 where high officials of nine central government [...]
SEOUL, Aug. 10 (Korea Bizwire) – Amid a succession feud between the two sons of Lotte Group founder Shin Kyuk-ho, which brought to light the problems of corporate governance in Korean conglomerates, several bills have been submitted to restrict an expedient way to inherit management rights, and to disclose corporate governance status more clearly. On August [...]
SEOUL, Aug. 10 (Korea Bizwire) – Hankook Tire has won a 2015 International Design Excellence Award for its futuristic tire designs. Three tires developed by Hankook in collaboration with Pforzheim University were designed to provide optimal performance under severe conditions caused by global climate change such as deforestation, heavy snow and rain. According to Hankook Tire, the Boostrac [...]
SEOUL, Aug. 10 (Korea Bizwire) – Seoul Grand Park is currently taking care of three slow lorises that were illegally smuggled into Korea. Last year, it succeeded in breeding one slow loris from a couple. As a registered endangered animal, the animals are seldom allowed to be imported. However, since they are small and almost motionless and [...]
SEOUL, Aug. 10 (Korea Bizwire) – Industry watchers are suggesting that Samsung Electronics might find itself stuck between the US and China in the home Internet of Things (IoT) business. A report issued by the KT economic research laboratory predicted that Apple and Google will dominate the platform, and Chinese companies will be a conspicuous entity in [...]
SEOUL, Aug. 10 (Korea Bizwire) – Under the current market conditions, attention is concentrated on profitable real estate. Due to continued low interest rates, the auction price ratio of business and commercial properties at court auctions exceeded 70 percent for the first time in nine years. The number of bids also reached an all time [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korea’s major shipyards, led by Hyundai Heavy Industries, are expected to log record losses this year as they struggle with money-losing projects to build offshore facilities and a decline in new orders, industry sources said Monday. The country’s big three shipbuilders — Hyundai Heavy, Daewoo Shipbuilding & Marine [...]