ULSAN, July 20 (Korea Bizwire) – Ulsan coastguard officers have announced that they rescued a Loggerhead turtle in the East Sea off the coast of Gijang-gun in the city of Busan. The turtle is 93 centimeters in length, between 300 and 350 kilograms in weight, and is estimated to be 100 years old. It was [...]
SEOUL, July 19 (Yonhap) — South Korea’s national pension fund plans to make its first investment in overseas hedge funds next year as part of efforts to secure stable returns, an internal document from the fund showed Sunday. According to the 2016 asset allocation plan obtained by Yonhap News Agency, the National Pension Service (NPS) [...]
Seoul, July 17 (Korea Bizwire) – At a time when one in ten people are literally living ‘home alone’, products for single households are selling like ice cold water on a hot day. According to 11st Street, an online shopping mall, the items that showed the fastest growth in sales were electronics for single households. [...]
Seoul, July 17 (Korea Bizwire) – Suzy Menkes, the most famous fashion journalist in the world over the past 50 years, has visited Dongdaemun Fashion Town in Seoul. Menkes, accompanied by Seoul Mayor Park Won-soon, visited Dongdaemun Design Plaza (DDP), Doota, where many young designers are gathered, and the Dongdaemun Composite Market, the biggest fabric market [...]
SEOUL, July 17 (Korea Bizwire) – NHN Entertainment, a renowned mobile game publisher, is transforming itself into a composite IT service company by introducing Internet of Things products as well as a payment solution. On July 16, NHN Entertainment introduced a cloud-based IP camera called TOAST Cam. With its cloud technology sending images to data centers [...]
SEOUL, July 17 (Korea Bizwire) – American health experts argue that the prices of tobacco in Korea are still cheap compared to Koreans’ income levels. Jonathan Samet, director of the Global Health Research Institute at the University of Southern California, said, “I know that the Korean government raised tobacco prices by 2,000 won this year. [...]
SEOUL, July 17 (Korea Bizwire) –The Korea Expressway Corporation‘s Happy Hi-pass OBU has been introduced as an example of a “Government 3.0” project coming to fruition. The Ministry of Government Administration and Home Affairs held a discussion session for further development of “Government 3.0” projects on July 16, and introduced a number of high-value projects, [...]
SEOUL, July 17 (Korea Bizwire) – Daecheong Lake in Okcheon County of North Chungcheong Province has deployed an algae-removing vessel. On July 16, K-water showcased the special vessel and demonstrated its performance. The 1.5 ton vessel can remove floating algae in 10,000㎡ of water per hour. K-water invested 110 million won to produce the marine vessel. [...]
SEOUL, July 17 (Korea Bizwire) – Preorders for GM Korea‘s latest version of the Spark city car have topped 3,000 in less than three weeks since its media showcase, industry data showed Friday. On July 1, GM Korea, the local unit of U.S. carmaker General Motors, held a media event where it showcased the next-generation [...]
Eric Thames of the NC Dinos celebrates a victory with his teammates in Seoul on July 10, 2015. (Image: Yonhap) SEOUL, July 17 (Korea Bizwire) — As the first half of the 2015 Korea Baseball Organization (KBO) season drew to a close Thursday night, two of the league’s premier sluggers, Park Byung-ho of the Nexen Heroes and [...]