SEJONG, Feb. 25 (Korea Bizwire) – The South Korean government will set up a consultative body comprised of state-run policy lenders and private financial firms to help local firms win more business projects launched by the Asian Infrastructure Investment Bank (AIIB), the finance ministry said Thursday. Policy lenders including the Korea Development Bank, the Korea [...]
DAEJEON, Feb.25 (Korea Bizwire) – Korean researchers have developed Ultra Low Power (ULP) augmented reality (AR) glasses that can detect finger movement, allowing users to play a virtual piano or type with a virtual keyboard. KAIST announced that Professor Yoo Hoi-joon and his team in the electrical engineering department developed ‘K-Glass 3’, which is a [...]
SEOUL, Feb.25 (Korea Bizwire) – Going out in a hanbok, a traditional Korean outfit, seems to be a new trend among young people these days. Many young people wearing hanbok and enjoying a day out with friends were spotted almost every 20 to 30 meters in Insadong, a popular tourist spot in Seoul. Most of [...]
SEJONG, Feb. 25 (Korea Bizwire) – South Korea’s finance minister will attend the Group of 20 meeting for top economic policymakers in China later this week to discuss a variety of global issues such as increased market volatility and toughened economic conditions, the finance ministry said Thursday. The Ministry of Strategy and Finance said Finance [...]
SEOUL, Feb. 25 (Korea Bizwire) – K-pop girl group 4minute threw a special choreography practice video up on social media network YouTube as a surprise gift for its fans around the world, its star label Cube Entertainment said on Thursday.’ The choreography practice video is a thank-you gesture from 4minute and Cube Entertainment for the [...]
SEOUL, Feb. 25 (Korea Bizwire) – A human rights group staged a hologram rally, called a “ghost rally,” in central Seoul on Wednesday night, chanting slogans and waving banners on a giant screen. The rally was the first of its kind in South Korea and the second internationally following one in Spain last April. The [...]
SEOUL, Feb. 25 (Korea Bizwire) - LG Electronics Inc. said Thursday it has delivered prosthetic arms and legs to help the disabled in Africa. Since 2006, LG Electronics has been providing the medical instruments to Kenyan patients who became disabled in wars or terror attacks. Around 700 patients successfully received the support. LG Electronics also has [...]
SEOUL, Feb. 25 (Korea Bizwire) - Samsung Electronics Co. said Thursday it started the mass production of a 256-gigabyte (GB) memory chip for high-end smartphones, less than a year after it kicked off the 128-GB model. The South Korean tech giant said the new Universal Flash Storage (UFS) boasts speed that is nine times faster than [...]
SEOUL, Feb.24 (Korea Bizwire) – An absurd case has occurred in which citizens went to court over a fried egg. House wife ‘A’ (47) visited Seoul with her sister and children. After spending the day shopping, they visited a small restaurant to have a late lunch/early dinner. A sign saying ‘fried eggs for free after [...]
SEOUL, Feb. 24 (Korea Bizwire) - South Korea’s financial authorities on Wednesday referred U.S. hedge fund Elliott Associates to state prosecutors for allegedly violating local disclosure rules when it tried to prevent a merger of two Samsung Group affiliates last year. The Securities and Futures Commission said Elliott abused the total return swap (TRS) system to [...]