SEJONG, Feb. 22 (Korea Bizwire) – South Korea’s official average land prices rose at the fastest clip in six years in 2015 amid government-led property market boosting measures, government data showed Monday. Government-set land prices in the country’s 252 cities and districts rose 4.47 percent from a year earlier, slightly up from the previous year’s [...]
SEOUL, Feb. 22 (Yonhap) - In the face of sagging global smartphone sales, Samsung Electronics Co. and LG Electronics Inc. are jostling to win back customers with new gadgets boasting much-upgraded cameras and the novel technology of virtual reality (VR). Samsung showed off its flat screen Galaxy S7 and curved screen Galaxy S7 Edge on Sunday [...]
SEOUL, Feb. 22 (Korea Bizwire) – American talk show host Conan O’Brien said Sunday he has sung on a new track produced by the prolific South Korean musician Park Jin-young. O’Brien shared a photo of him with Park, Korean-American actor Steven Yeun, the South Korean girl group TWICE and backup dancers on Instagram with the [...]
SEOUL, Feb. 22 (Korea Bizwire) – The No. 2 leader of Hyundai Motor Co., South Korea’s largest carmaker, has said he will do his best to upgrade the corporate image in China to become the best car brand in the world’s biggest automobile market, the company said Sunday. “We are making efforts to prepare for [...]
SEOUL, Feb. 22 (Korea Bizwire) – Samsung Electronics Co. said Saturday it plans to release its mobile payment system Samsung Pay in major markets, including China, next month, speeding up its efforts to expand the presence of the platform amid the rise of rivalry services. Samsung Pay, first released in South Korea and the United [...]
SEOUL, Feb.19 (Korea Bizwire) – Might it be possible to grow potatoes on Mars like in the movie ‘The Martian’? According to AFP, NASA will conduct an experiment in Peru next month to examine the feasibility of growing potatoes on Mars. The experiment will be conducted in partnership with the Peruvian non-profit research organization CIP [...]
SEOUL, Feb.21 (Korea Bizwire) – During the Chinese spring festival, six million Chinese traveled overseas and spent a total of 90 billion yuan on shopping. The products they purchased abroad included expensive luxury items, smart bidets, and electric rice cookers, but surprisingly, most Chinese tourists bought items used in everyday life such as cough syrup, [...]
SEOUL, Feb.21 (Korea Bizwire) – From now on, Kakao will offer users the ability to view electricity bills through the mobile messenger KakaoTalk, and pay them through KakaoPay. Kakao announced that it will be launching ‘KakaoPay Bills’, an electronic bill payment and presentment (EBPP) service based on mobile messenger platforms. Kakao emphasized that it is [...]
SEOUL, Feb. 19 (Korea Bizwire) – A South Korean activist group said Friday U.S.-based social network operator Facebook Inc.’s compliance with investigation warrants pose a threat to local users’ privacy, demanding that the firm follow Apple Inc.’s privacy policy. Police arrested a 26-year-old student, known only by his last name Kim, earlier this week on [...]
SEOUL, Feb.19 (Korea Bizwire) – JYP Entertainment announced that it has signed an agreement with CMC (China Music Corporation), the online music giant, to provide digital music exclusively. The contract is said to be worth 5.25 billion won, which is around 10 percent of 2014 sales. JYP officials explained that they signed a contract to [...]