SEOUL, March 31 (Korea Bizwire) – The three major telecommunications companies clashing over SK Telecom’s purchase of CJ Hellovision are once again butting heads as they have different interpretations of the Broadcast Market Competition Assessment issued by the Korea Information Society Development Institute (KISDI). KT and LGU+ were concerned that the influence SK Telecom is casting [...]
YEOSU, March 31 (Korea Bizwire) – The city of Yeosu in Jeonnam Province has announced the launch of new two-story tour buses after the sun goes down, starting in April. The European two-story buses were adopted in July 2015 to enrich tourism in Yeosu. Ever since, the buses have become one of the city’s main attractions, as [...]
The core of the technology is turning aluminum into a form of nano-particle ink and coating fabrics with it. Using the technology, conductive fabrics that are used in wearable devices such as smart watches can be produced. (Image : Shutterstock) SEOUL, March 31 (Korea Bizwire) – The Korea Institute of Materials Science (KIMS), a [...]
Seoul, Korea, March 31, 2016 (Korea Bizwire) – SK Telecom (NYSE:SKM) today announced that it, together with Samsung Electronics, had successfully tested its 5G system at 28 GHz in the outdoor environment. 5G Millimeter Wave* technologies applied to the test include transmitter, receiver and antenna technologies designed to effectively transmit radio signals in the 28GHz [...]
SEOUL, March 31 (Korea Bizwire) – Family-run companies were found to generate higher profitability compared to rivals, a report said on Thursday, claiming that involvement by “owner” families leads to good business results. According to the report compiled by the Korea Economic Research Institute (KERI), 4,683 family-controlled firms here posted a return on asset (ROA) ratio [...]
SEOUL, March 31 (Korea Bizwire) – The head of AmorePacific Co., South Korea’s top cosmetic company, has reaffirmed his commitment to the Chinese market, seeing further room for growth in the rising middle-class consumers there, the firm said Thursday. AmorePacific has shown stellar performance in China with a range of luxury and low-end brands, thanks [...]
SEJONG, March 31 (Korea Bizwire) – BMW Korea Co., the local unit of the German carmaker, will recall a combined 3,296 of the 3 series and 5 series sedans for problems with their airbags as part of the company’s worldwide recall plan, the South Korean transportation ministry said Thursday. The models’ airbags, produced by Japan’s Takata Corp., [...]
SEOUL, March 31 (Korea Bizwire) – Increased consumer awareness about health is boosting the health functional food industry, and is now pushing the food industry to set its sights on probiotics. Probiotics are showing noticeable growth among health functional foods, and since the domestic market is still in its nascent stage, competition to take the [...]
SEOUL, March 31 (Korea Bizwire) – KakaoTaxi, which is the currently the most popular online to offline (O2O) service, announced that it had reached 100 million accumulated calls as parent company Kakao Corp. celebrated the service’s first anniversary. More than 210,000 drivers and 8.6 million passengers are currently signed up as members of the service, and [...]
SEOUL, March 30 (Korea Bizwire) – South Korea maintains its lead as the world’s largest investor in research and development (R&D) for its economic size but still has a long way to go to compete with the U.S. and Japan, the government said Wednesday. South Korea spent 4.29 percent of its gross domestic product (GDP) on R&D [...]