SEOUL, Nov. 10 (Korea Bizwire) – This year’s Café Show Seoul, the biggest coffee expo in Asia, kicked off yesterday for the 16th consecutive year. The three-day long Café Show Seoul 2017 will feature 600 companies from 40 countries, which are expected to showcase the latest trends and products in the coffee industry under the [...]
SEOUL, Nov. 10 (Korea Bizwire) – South Korea said Friday it will provide more compensation to domestic companies for their losses stemming from investments in inter-Korean projects which have now been suspended due to political tension. The support will be given to those involved in the joint industrial complex in Kaesong closed in 2016, the [...]
SEOUL, Nov. 10 (Korea Bizwire) – South Korean tech giants’ products won honors from the Consumer Electronics Show (CES) 2018 Innovation Awards, industry sources said Friday, proving their competitiveness in the global market. Samsung Electronics Co. said 36 of its products were named “Innovation Honorees,” including two “Best of Innovation” honors for its TV and [...]
SEJONG, Nov. 10 (Korea Bizwire) — The Saemangeum Industrial Complex is set to produce an annual 30,000 tons of lithium – one of the key materials for electric-vehicle batteries – starting in 2020. Lithium manufacturer Lithium Korea will use 165,000 square meters of land at the Saemangeum Industrial Complex to begin the production of lithium in [...]
SEOUL, Nov. 10 (Korea Bizwire) — The Ministry of Science and ICT will hold this year’s annual innovation challenge parade at Gwanghwamun Square later this month. From underwater exploration robots to unmanned autonomous vehicles, a variety of the latest technologies will be on display at science ministry’s annual event. First held in 2015 with the goal [...]
SEOUL, Nov. 9 (Korea Bizwire) – LG Corp., the holding firm of South Korea’s family-controlled conglomerate LG Group, said Thursday it has decided to purchase a 24.7 percent stake in a trading unit to renovate its governing structure. Under the plan, LG will purchase privately-owned shares of LG International Corp. from major shareholders, including LG Group Chairman Koo Bon-moo. The deal is estimated at 296.7 billion won (US$265 million), with the price per share standing at [...]
SEOUL, Nov. 9 (Korea Bizwire) – Korean film ”Along With the Gods: The Two Worlds” has been pre-sold to 90 countries at a recent film market in theU.S., bringing the total number of countries where it will be screened to103, its local distributor said Thursday. Lotte Entertainment said the fantasy drama was pre-sold to 13 Asian countries during this year’s Asian Film Market held last month in thesouthern port city of Busan. On top of it, the film was sold to 90 nations at the American FilmMarket (AFM) in Santa Monica, [...]
SEOUL, Nov. 9 (Korea Bizwire) – The local units of Mercedes-Benz, BMW and Porsche have been fined a combined 70.3 billion won (US$63.1 million) for falsifying documents required for government certification that grants them domestic sales, the environment ministry said Thursday. The three foreign automakers were found to have forged certain specifications or types of the vehicles’ parts to make it look as though they meet the local standards, between [...]
SEOUL, Nov. 9 (Korea Bizwire) – Expectations are running high ahead of a presidential summit between South Korea and China that China’s months-long economic retaliation over the politically charged THAAD anti-missile systems might be finally coming to an end. It was the agreement between foreign ministers from both countries last month to recover and improve the [...]
SEOUL, Nov. 9 (Korea Bizwire) — A new approval system is set to expand the use of drones in South Korea, including night flying, long-distance delivery, and live broadcasting. According to the Ministry of Land, Infrastructure and Transport on Thursday, the new measure designed to boost the drone industry through relaxed regulations and government support [...]