SEOUL, July 10 (Korea Bizwire) — A senior government official on Monday hinted at the possibility of opening the door of the South Korean mobile communications market to a foreign operator as part of its effort to enhance competition. “We will give adequate policy support to a company in accordance with its request. If it [...]
SEOUL, July 10 (Korea Bizwire) — South Korea launched a government-lead project worth 399.2 billion won (US$305.4 million) to foster research and development of a homegrown small modular reactor (SMR) in an effort to lead the global market of the emerging energy sector, the science ministry said Monday. Co-led by the Ministry of Science and [...]
SEOUL, July 10 (Korea Bizwire) — SK hynix Inc. said Monday it was mulling selling a water processing facility to SK reit Co. to secure funds for future investment and enhance financial soundness. The world’s second-largest memory chip maker said the potential sale of the “non-core asset” to the real estate investment trust company, another [...]
SEOUL, July 10 (Korea Bizwire) — K-pop boy band EXO dropped its seventh full-length album titled “EXIST” on Monday, its agency SM Entertainment said. It is the group’s first studio album in nearly four years following the sixth album, “Obsession,” released in November 2019. “EXIST” is composed of nine songs, including the main track “Cream [...]
SEOUL, July 10 (Korea Bizwire) — Controversy is looming over the efforts of local governments to hold ‘matchmaking’ events as a solution to the pervasive low birthrate. The Saha District in Busan announced on Sunday that it will host a matchmaking event next year to address the low marriage and birthrate problems. Similarly, the municipality [...]
SEOUL, July 10 (Korea Bizwire) — The Seoul Metropolitan Government said Sunday it will initiate a trial for the country’s inaugural funeral services for pets owned by vulnerable groups until December 19. The objective of this initiative is to reduce funeral expenses for pets and encourage a healthy culture surrounding animal funerals. Pet owners who [...]
SEOUL, July 10 (Korea Bizwire) — Incheon International Airport Corp. said Sunday it will introduce a new service that enables travelers to swiftly pass through departure gates using facial recognition technology, eliminating the need to present their passports or flight tickets. The operator of the nation’s largest airport initiated the registration process for facial recognition [...]
SÃO PAULO, Brazil, July 10 (Korea Bizwire) — B3 and Nasdaq (Nasdaq: NDAQ) have announced a partnership to develop a new clearing platform for the Brazilian stock exchange, responsible for the clearing, settlement, and management of counterparty risk associated with financial market transactions. The agreement is another step in B3′s long-term strategic vision of working [...]
SEOUL, July 10 (Korea Bizwire) — Musinsa Standard, a private-label brand operated by the South Korean fashion platform Musinsa Co., said Sunday it has installed clothing vending machines at five prominent tourist destinations near the cities of Goseong and Yangyang in Gangwon Province. These vending machines will offer Musinsa Standard’s Cooltandard Relax Fit Crew Neck [...]
SEOUL, July 10 (Korea Bizwire) — LG Electronics Inc. has adorned a 12-meter wall within the lobby of the Sejong Center for the Performing Arts with 89 LG Styler ShoeCases and limited edition sneakers. The company said Sunday it will host a special exhibition at Sneakers Unboxed Seoul, located at the Sejong Museum of Art, [...]