SEOUL, Nov. 3 (Korea Bizwire) – Progressive civic groups plan to stage massive rallies this weekend in protest of President Donald Trump’s planned visit to Seoul next week, the organizers said Friday. At least 1,000 citizens will gather for an anti-Trump rally in Jongno, central Seoul, according to the groups. Similar protests will take place concurrently in other major cities, including Gwangju, Daejeon, [...]
SEOUL, Nov. 3 (Korea Bizwire) – Chinese tech giant Baidu Inc. is expected to emerge as a major player in the field of voice-recognizing artificial intelligence programs through 2022, an industry tracker said Friday, widening the gap with Samsung Electronics Co.’s Bixby. The penetration rate of Samsung Electronics’ Bixby in the field is expected to reach 5.4 percent in 2022, falling sharply from 12.7 percent posted in 2017, Strategy [...]
SEOUL, Nov. 3 (Korea Bizwire) – Naver and Google are embroiled in a fight over transparency and credibility after the South Korean web portal accused the American IT giant of not paying taxes and creating too few jobs. Naver founder Lee Hae-jin launched a scathing attack on Google during a recent parliamentary inspection, where he said [...]
SEOUL, Nov. 3 (Korea Bizwire) – South Korea’s top economic policymaker said Friday that the upcoming PyeongChang Winter Olympics will be a boon for the country tourism industry, coupled with recent improvement in relationship with China. “Tourism is an important industry that creates more jobs than other sectors,” Finance Minister Kim Dong-yeon said in a [...]
SEOUL, Nov. 3 (Korea Bizwire) – Foods-to-entertainment conglomerate CJ Group said Friday it decided to sell off its 34-year-old pharmaceutical affiliate CJ Healthcare due to the limitations of its domestic business. Morgan Stanley has been named the underwriter for the sale that industry watchers expect to exceed 1 trillion won (US$898.87 million), the affiliate’s estimated [...]
SEOUL, Nov. 3 (Korea Bizwire) – South Korea’s healthcare technology is trailing behind the U.S. and Japan, particularly in research and development, a new report has revealed. The report released by Hyundai Research Institute on Thursday shows South Korea’s healthcare industry is not as prepared for the fourth industrial revolution as the U.S., the EU and [...]
SEOUL, Nov. 3 (Korea Bizwire) – The world’s biggest coffee roasting school is set to open in Gapyeong amid growing interest in coffee in South Korea. The joint project by coffee company De Black and international coffee consulting firm Coffee Core Asia will see ‘Coffee Roasting Campus’, the world’s biggest coffee school, open in Misari in [...]
SEOUL, Nov. 3 (Korea Bizwire) – Most part-time workers believe their type of employment is beneficial to young people, with life experience being more important that simply earning money, the results of a survey have revealed. The findings showed that over 93 percent of the 2,240 respondents with part-time work experience were okay with their children [...]
SEOUL, Nov. 2 (Korea Bizwire) – SsangYong Motor Co. said Thursday that it has added some luxury features to its flagship G4 Rexton sport utility vehicle (SUV) to revive demand after posting a 22 percent on-year drop in domestic sales last month. The SUV-focused carmaker launched the limited edition of the ‘G4 Rexton Eurasia’ model [...]
SEOUL, Nov. 2 (Korea Bizwire) – Doosan Bobcat Inc., a construction equipment unit of Doosan Group, said Thursday that its third-quarter net profit increased 16 percent from a year earlier, largely due to hefty sales in China and other emerging markets. Net profit reached 55.2 billion won (US$49.5 million) in the July-September period, compared with [...]