SEOUL, July 6 (Korea Bizwire) — The South Korean government said Thursday it will give more incentives to new operators for a high-speed 5G network frequency band in a bid to enhance competition in the local communications market. New operators will be given priority to use 28 gigahertz frequency bands and one of the two [...]
SEOUL, July 6 (Korea Bizwire) — Hyundai Glovis Co. said Thursday it has signed a partnership with a Dutch nonprofit organization to work together to remove plastic waste from the oceans as part of its commitment to making a sustainable environment. Under the partnership signed with Ocean Cleanup, Hyundai Glovis will install cameras on its [...]
SEOUL, July 6 (Korea Bizwire) — LG Electronics Inc. said Thursday it has established its first overseas research and development (R&D) lab for home entertainment products in Indonesia as part of its efforts to accelerate its inroads into the Southeast Asian TV market. The 40,000-square-foot R&D lab in Cibitung, West Java, is located near LG’s [...]
KUNMING, China, July 6 (Korea Bizwire) — Yunnan Innyo Co., Ltd. together with @visityunnan will release a series of tourism videos in May to promote the famous Ancient Tea-Horse Road in Yunnan, China. The videos will cover four themes, including “Mysterious Villages”, “Six Great Tea Mountains”, “Food and Scenery”, and “Banshan Hotel”. The videos will [...]
SEOUL, July 6 (Korea Bizwire) — Jinro, one of the most popular Korean soju brands, has been named this year’s Supreme Brand Champion by a British magazine, Jinro’s maker said Thursday. Jinro won the accolade in the annual report issued by The Spirits Business, according to HiteJinro Co. This is the first time Jinro has [...]
SEOUL, July 6 (Korea Bizwire) — Shares in GS Engineering & Construction Corp. tumbled nearly 20 percent Thursday morning, one day after the government blamed the major builder for the April collapse of an apartment parking lot. The land ministry announced Wednesday that GS Engineering & Construction’s poor management from design to quality control was [...]
SEOUL, July 6 (Korea Bizwire) — The LPGA has released a documentary celebrating the 25th anniversary of a groundbreaking major championship victory by South Korean legend Pak Se-ri. Titled “The Shot,” the documentary premiered on LPGA’s YouTube channel and LPGA.com at 8 p.m. Wednesday (U.S. Eastern time). It explores how Pak’s win at the 1998 [...]
SEOUL, July 6 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will hold the summer edition of its Galaxy Unpacked event later this month in Seoul, marking the company’s first Galaxy Unpacked on its home turf. The South Korean tech giant said it will begin the biannual event at the Convention and Exhibition Center [...]
SEOUL, July 6 (Korea Bizwire) — South Korea’s antitrust regulator on Thursday approved the launch of a hydrogen power company jointly established by SK Energy Co. and three other local partners, concluding the new firm is unlikely to impede competition within the market. The decision came after SK Energy earlier announced its plan to establish [...]
SEOUL, July 6 (Korea Bizwire) — Up-and-coming K-pop girl group Fifty Fifty has canceled multiple plans, including participation in concerts abroad, mainly due to its ongoing legal dispute with its agency. The quartet has garnered wide media attention since its new single “Cupid” charted on U.S. Billboard’s Hot 100 and the British Official Singles Chart [...]