SEOUL, Aug. 30 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. have been gearing up for IFA 2023, set to open in Berlin later this week, to showcase their high-tech consumer products with a focus on sustainability. The annual IFA, which will open Friday and run until Tuesday, is Europe’s oldest and biggest [...]
SEOUL, Aug. 30 (Korea Bizwire) — KT Corp., a major telecom operator in South Korea, on Wednesday appointed its new chief executive, ending months of leadership vacuum. The company said its shareholders approved the appointment of Kim Young-shub, former CEO of IT service provider LG CNS Co., as its new leader. Earlier this month, KT’s [...]
SEOUL, Aug. 30 (Korea Bizwire) — Samsung Electronics Co. on Tuesday released a new PRO Ultimate SD and micro SD cards. This product lineup offers a read speed of 200 megabytes per second (MB/s) and a write speed of 130 MB/s, setting a new standard in the UHS-1 category. With a sequential read speed of [...]
SEOUL, Aug. 30 (Korea Bizwire) — Audi Korea announced on Tuesday the launch of the 2023 versions of the Q4 40 e-Tron and Q4 Sportback 40 e-Tron all-electric compact SUVs. The Q4 40 e-Tron and Q4 Sportback 40 e-Tron offer a single-charge range of about 410 kilometers each. This marks an increase of 43 kilometers for [...]
SEOUL, Aug. 30 (Korea Bizwire) — Myeongdong, renowned for its shopping scene and bustling with international tourists, is taking proactive steps to reshape its reputation from a “price-gouging haven.” Jung Ward office in Seoul revealed plans on Tuesday to designate Myeongdong as a mandatory price-marking zone, effective from October, aimed at eliminating deceptive pricing practices. [...]
SEOUL, Aug. 30 (Korea Bizwire) — Hyundai Motor Co.’s labor and management have made the strategic decision to repurpose a sedan production line in response to the growing demand for SUVs. Sources familiar with the industry confirm that this decision was reached on Tuesday during a meeting of the Employment Security Committee at the carmaker. [...]
SEOUL, Aug. 30 (Korea Bizwire) — The Seoul Metropolitan Government said Tuesday it will launch the Wheelchair-Accessible Restrooms Discovery initiative, a joint effort with the city’s residents. The project, set to operate from Sept. 1 to Dec. 9, aims to improve the convenience of outings for individuals using wheelchairs, including those who are disabled or [...]
SEOUL, Aug. 30 (Korea Bizwire) — Chief executives at South Korea’s major companies have been actively purchasing their own company shares over the past year amid a sluggish stock market, a corporate tracker said Tuesday, highlighting their commitment to earning shareholder trust and enhancing responsible management. According to a survey conducted by Leaders Index of [...]
SEOUL, Aug. 30 (Korea Bizwire) — The number of foreign seafarers on longline fishing vessels is set to increase by 2,500 individuals. The Ministry of Justice on Monday provided its final approval for a proposal that had been put forth by the National Federation of Fisheries Cooperatives (NFFC). In an earlier agreement between the Federation [...]
SEOUL, Aug. 30 (Korea Bizwire) — Prime Minister Han Duck-soo instructed the government Tuesday to review the development plan for the southwestern reclaimed wetland of Saemangeum from scratch in a bid to improve its economic benefits, government sources said. The nation has been pushing to turn the 409-square-kilometer reclaimed area in North Jeolla Province into [...]