SEOUL, March 10 (Korea Bizwire) – Big-spending Chinese game companies armed with significant financial resources are rushing into the Korean market. As the ‘allies’ are engaged in strategic collaboration followed by equity acquisition, some industry officials are concerned that Korean game developers might fall into the hands of Chinese gaming companies. However, some consider the [...]
SEOUL, March 10 (Korea Bizwire) – With restrictions on the accounting of vehicles for business use becoming stricter, the number of imported cars being used as corporate vehicles has dropped to a historic low. Vehicles from brands such as Rolls-Royce, Bentley, Porsche, Jaguar, Lexus, Audi and BMW that were purchased as corporate cars and then [...]
SEOUL, March 10 (Korea Bizwire) – The Michelin Guide, an international benchmark of good food, said Thursday it will publish a guide of restaurants and hotels in Seoul later this year to introduce the dynamic Korean culinary scene and talented chefs. The guidebook for Seoul 2017 will be Michelin’s 27th edition globally and the fourth in [...]
SEOUL, March 10 (Korea Bizwire) – The government will consider introducing a system for mandating movie theaters to fill part of their screening time with domestic arthouse films, a government film agency said Thursday. The Korean Film Council (KOFIC) unveiled the idea as part of its three-year plan starting this year to promote local films. The [...]
SEOUL, March 10 (Korea Bizwire) – Google’s artificial intelligence (AI) program AlphaGo defeated South Korean Go player Lee Se-dol for the second straight time in the ancient board game Thursday, proving that its earlier victory wasn’t a coincidence. In their second showdown at the Four Seasons Hotel in Seoul, AlphaGo, the AI designed by Google’s London-based firm [...]
SEOUL, March 10 (Korea Bizwire) – After witnessing the future of robots and artificial intelligence (AI) when pro Go player Lee Se-dol lost the first Go match to AlphaGo, robot-related stock prices are showing signs of ascent. DST Robot, a manufacturer listed on KOSDAQ, saw its share price rise to the limit of 6,520 won during [...]
INCHEON, March 10 (Korea Bizwire) – The honor system of Incheon’s Jemulpo High School, which has been a special tradition since the school was founded 62 years ago, is undergoing consideration for registration as a national cultural asset. The midterms and final exams at the school begin with a special ceremony. Five minutes before the first [...]
SEOUL, March 10 (Korea Bizwire) – The South Korean fashion industry needs to take bolder steps to try unconventional things and collaborate with the country’s thriving entertainment businesses to succeed on the global stage, an Italian trade official said Thursday. Korean manufacturers know how to make good products, but they should go one step further [...]
SEOUL, March 10 (Korea Bizwire) – LG Electronics Inc., South Korea’s No. 2 smartphone maker, is unlikely to accept preorders for its latest flagship, the G5 smartphone, and instead focus on offline promotions of the device, industry sources said Thursday. The South Korean tech giant had held preorders for its predecessors — the G3 and the [...]
JEONJU, March 9 (Korea Bizwire) – Korean scientists have uncovered evidence as to why ‘hanwoo’ (Korean beef) tastes so good. Hanwoo is considered to be a ‘special occasion food’, only consumed on important gatherings or offered as a gift at holidays because of its great taste and extremely high prices. Although Koreans don’t have to [...]