SEOUL, July 13 (Korea Bizwire) — In response to growing consumer concerns about the possible sale of flood-damaged secondhand cars during this summer’s rainy season, South Korea’s used car platforms have launched compensation programs to alleviate consumer anxiety. K Car announced on Wednesday that it will launch of a compensation program designed to address consumer [...]
SEOUL, July 13 (Korea Bizwire) — South Korea on Wednesday unveiled a string of measures to enhance the work environment for seafarers, specifically targeting the challenges posed by an aging workforce and a general shortage of labor in the sector. The government will engage in tripartite consultations involving labor, management, and government bodies to reduce [...]
SEOUL, July 13 (Korea Bizwire) — Among the patent suits filed against South Korean firms in the U.S. last year, a significant number of them were initiated by global non-practicing entities (NPEs), also known as “patent trolls.” Patent trolls are entities that derive profits from patent licensing or enforcement. According to a report from the [...]
SEOUL, July 13 (Korea Bizwire) — Samsung C&T Corp., the construction unit of Samsung Group, said Wednesday it has made an equity investment of US$7.5 million in CarbonCure, a Canadian carbon dioxide removal tech company. Along with the investment, the two companies have also signed a business agreement. Founded in 2012, CarbonCure has developed a [...]
Final meeting today of the Tender Committee for the supply of 225 new electric buses: IVECO BUS with Enel X and IVECO Orecchia at the top of the list. Turin, July 12 (Korea Bizwire) – 225 new, full electric buses with the supply and installation of charging infrastructures and accumulation systems, for more than 150 million euros in funding [...]
PETAH TIKVA, Israel and TYSONS CORNER, Va., July 12 (Korea Bizwire) – Cellebrite (NASDAQ: CLBT), a global leader in Digital Intelligence (“DI”) solutions for the public and private sectors, today announced it will report its second-quarter 2023 financial results before market open on Tuesday, August 8, 2023. Later that same morning, Cellebrite will host a live conference [...]
SALT LAKE CITY, TORONTO and MONTRÉAL, July 12 (Korea Bizwire) – Recursion (NASDAQ: RXRX), a leading clinical stage TechBio company decoding biology to industrialize drug discovery, today announced a $50 million investment by NVIDIA, which was executed as a private investment in public equity (PIPE). Recursion also announced plans to accelerate development of its AI foundation models for [...]
SEOUL, July 12 (Korea Bizwire) — The basic fares for subway and buses in Seoul will go up by 150 won (US$0.12) and 300 won starting in October and August, respectively, city government officials said Wednesday. The fare hikes were approved in a meeting of the Seoul city government’s transportation fare adjustment committee convened earlier [...]
DAEJEON, July 12 (Korea Bizwire) — City councilors in the central city of Daejeon have proposed a new ordinance to spend public funds to support the height growth of children, the city council said Wednesday. The ordinance recently submitted by 14 council members calls on the city’s educational superintendent to promote various projects to help [...]
SEOUL, July 12 (Korea Bizwire) — Half of South Korean men are single without having been married before, while 1 in 3 women are also single, data showed Tuesday. According to a report released by Statistics Korea, there were 192,000 marriages in South Korea last year, a drop of 103,000 cases since 1970. The crude [...]