SEOUL, Jan. 11 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Monday it will take over a controlling stake in LOEN Entertainment Inc., expanding its business scope to cover music streaming. Under the plan, Kakao will purchase a 76.4 percent stake in the country’s leading provider of music streaming and download [...]
SEOUL, Jan. 11 (Korea Bizwire) – South Korea’s No. 1 air carrier Korean Air Lines Co. said Sunday that it has signed a 400 billion-won (US$333.5 million) deal with the military procurement agency to mass-produce reconnaissance unmanned aerial vehicles (UAVs) as part of the government’s plan to build up its aerial mission capability. Under the [...]
SEOUL, Jan. 11 (Korea Bizwire) – South Korean girl group Girls’ Generation has been invited to perform on Chinese TV for the Chinese New Year next month, the group’s agency said Monday. The eight-member act will be the sole South Korean group to appear on Jiangsu TV’s “Spring Festival Gala,” which features Chinese megastars like [...]
SEOUL, Jan. 11 (Korea Bizwire) – Global panel makers are poised to ramp up their production of curved models this year in an effort to find a new source of profit amid a slowing global TV market, industry sources said Monday. According to data compiled by China-based market tracker Sigmaintell, global shipments of curved liquid [...]
SEOUL, Jan. 11 (Korea Bizwire) – Roughly a third of adult South Koreans were overweight in 2014, with many not even trying to lose weight, government data showed Monday. The 2014 national health data by the Korea Centers for Disease Control and Prevention (KCDC) showed 31.5 percent of people over 19 were categorized as being [...]
SEOUL, Jan.10 (Korea Bizwire) – Kia Motors presented its Soul EV autonomous vehicle at CES 2016 (Consumer Electronics Show), the largest electronics exhibition in the world, which is currently being held in Las Vegas. Mercedes-Benz, Audi, Volkswagen, Ford and Toyota also presented partially autonomous vehicles or smart concept cars. However, the real competition is said [...]
SEOUL, Jan. 8 (Korea Bizwire) - Samsung Life Insurance Co. said Friday it signed a contract with local builder Booyoung to sell its headquarters building in central Seoul. Under the deal, Samsung will sell the 25-story, 87,000 square-meter building to the construction firm, with the contract to be finalized within the third quarter of this year, [...]
SEOUL, Jan. 8 (Korea Bizwire) - South Korea has included songs by girl groups in anti-North Korea broadcasts initiated earlier on Friday along the inter-Korean border, sources in the South Korean defense ministry said. The playlist includes Girlfriend’s “Me Gustas Tu,” a dance track, and A-Pink’s “Let Us Just Love,” the theme song for the 2011 [...]
SEJONG, Jan. 8 (Korea Bizwire) - South Korea’s finance minister nominee said Friday that he has no plan to tighten a set of eased mortgage regulations amid rising public demand to tackle mounting household debt. The government eased the loan-to-value (LTV) and the debt-to-income (DTI) rules in August 2014, shortly after the inauguration of Finance Minister [...]
SEJONG, Jan.8 (Korea Bizwire) – With the establishment of ‘Rest Areas for Drowsiness’ on highways and national routes, the death toll from traffic accidents has dropped by more than 50 percent. The Ministry of Land, Infrastructure and Transport announced that the number of accidents that occurred between service areas decreased by 28 percent in 2015 [...]