GWANGJU, March 14 (Korea Bizwire) – Attention is being drawn towards the city of Gwangju with news that a Chinese automaker plans to establish a large electric car factory in the area. According to Gwangju city officials, the Korean office of China’s Joylong Automobile will sign an MOU with the local government to build an electric [...]
SEOUL, March 14 (Korea Bizwire) – The sensational South Korean television series “Descendants of the Sun” has been giving Korean and Chinese viewers heartaches since it was first aired. The Chinese government is even warning viewers about possible ‘risks’ involved with watching the drama. According to Chinese media, the number of views prior to the [...]
SEOUL, March 14 (Korea Bizwire) – Internet connection is working deeper into everyday lives as more home gadgets, small and big, become controllable by smartphones under an industry-wide advance of the Internet of Things (IoT), business watchers said Monday. The latest air purifier marketed in October last year by Coway regularly measures indoor air quality [...]
SEOUL, March 14 (Korea Bizwire) – Online shopping operators are turning to personalized services as they try to differentiate themselves in the teeming industry, taking care of small errands like shoe polishing to more extensive services that include interior remodeling, industry watchers said Monday. Further blurring the online-offline boundary, these operators are taking broader steps [...]
SEJONG, March 14 (Korea Bizwire) – South Korea’s home sales plunged 24.9 percent last month from a year earlier as the local property market has shown some signs of a slowdown, government data showed Sunday. The number of home transactions reached 59,265 in February compared with a record 78,864 tallied a year ago, according to [...]
SEOUL, March 14 (Korea Bizwire) – More than 100,000 units of Samsung Electronics Co.‘s latest Galaxy S7 series smartphones were sold in South Korea over the first two days of their official launch, industry data showed Sunday. Sales of the Galaxy S7 and Galaxy S7 Edge reached a combined 60,000 on Friday and 40,000 on Saturday [...]
SEOUL, March 13 (Korea Bizwire) – After proving that the human-like algorithm is not invincible, South Korean Go player Lee Se-dol said Sunday he is very happy and described his victory as “priceless.” “It’s my first time getting this kind of congratulations from people by just winning a single game,” Lee said after the match. At [...]
SEJONG, March 13 (Korea Bizwire) – Aquarium fish, also known as ‘aqua pets’, are in the limelight as a promising growth industry. According to the Ministry of Maritime Affairs and Fisheries, the aqua pet sector is growing at an average of seven to eight percent annually, mostly in developed countries. An increase in the number [...]
SEOUL, March 11 (Korea Bizwire) – South Korea’s steelmaking giant POSCO plans to cut its costs by 1 trillion won (US$838.1 million) this year as part of the ongoing efforts to enhance overall management efficiency, its head said Friday. POSCO Chairman Kwon Oh-joon told investors at a shareholders’ meeting in Seoul that the steelmaker will save [...]
SEOUL, March 11 (Korea Bizwire) – Chey Tae-won, chairman of SK Group, was spotted in the parking lot of SK Group’s headquarters riding a Socar vehicle. According to SK Group, Chey appeared in the parking lot of the headquarters building with Socar officials. After riding a Kia Ray for 10 minutes, attracting some attention, he [...]