SEOUL, Sept. 21 (Korea Bizwire) – South Korean IT giant Kakao has announced the signing of a business agreement with Lotte to develop new artificial intelligence services, including a mobile kiosk that will allow customers to place orders at restaurants and coffeehouses without having to line up. Kakao and Lotte Data Communication Company, retail giant Lotte’s [...]
DAEJEON, Sept. 21 (Korea Bizwire) — With a growing number of hacking cases targeting home CCTV cameras reported in South Korea, a public corporation that specializes in security has revealed a new hacking protection technology. The Korea Minting, Security Printing & ID Card Operating Corp, also known as KOMSCO, held a press briefing on Wednesday at [...]
SEOUL, Sept. 20 (Korea Bizwire) – Schedules for South Korean baseball’s postseason were announced on Wednesday. The wild card game between the fourth- and fifth-ranked teams at 2 p.m. on Oct. 5 will launch the postseason play, the Korea Baseball Organization (KBO) said. The 144-game regular season is scheduled to finish on Oct. 3. The [...]
SEOUL, Sept. 20 (Korea Bizwire) – South Korean plans use the proceeds of commemorative notes as operating costs of the PyeongChang Winter Olympics, officials said Wednesday. South Korea is set to print 2.3 million special notes whose face value is worth 2,000 won (US$1.70) in November, but retail prices of the notes are set at 8,000 won, according to the Korea Minting, Security Printing & ID Card Operating Corp. Kim Hwa-dong, CEO of the state-run [...]
SEOUL, Sept. 20 (Korea Bizwire) - Kumho Tire Co. could survive if stakeholders of the beleaguered tiremaker agree to share the pain, the new head of the tiremaker’s top creditor bank said Wednesday, voicing an upbeat note about the tiremaker going forward. Lee Dong-gull, new governor of the state-run Korea Development Bank (KDB), however, told reporters that it was too early [...]
SEOUL, Sept. 20 (Korea Bizwire) – Girl group April on Wednesday jumped into the early fall music chart race with its fourth EP album, backed by a pulsating-yet-innocent new dance track titled “Hold My Hand.” “After first listening to the song I thought this is it. I knew that this had to be the lead song,” leader Chaekyung explained to reporters [...]
SEOUL, Sept. 20 (Korea Bizwire) – Samsung Biologics Co. said Wednesday its affiliate Samsung Bioepis Co. won a nod from South Korea’s drug agency to sell its biosimilar dubbed SB5. Through the approval granted by the Ministry of Food and Drug Safety, Samsung Biologics said in a regulatory filing that the biosimilar is ready for sale in the country. The SB5 is a biosimilar of Humira released by U.S.-based AbbVie Inc., used for the treatment of various diseases including Crohn’s [...]
SEOUL, Sept. 20 (Korea Bizwire) – As Toshiba seems to have finally decided to sell its chip-making unit to a group including SK Hynix, attention is being paid to the motivation behind the South Korean chipmaker’s months-long battle to reach a deal with the Japanese conglomerate’s troubled memory business. After months of back and forth, Reuters [...]
SEOUL, Sept. 20 (Korea Bizwire) – The vague definition of gender violence in South Korea continues to be a hotly-debated topic, with a high-profile politician’s lack of knowledge of the term adding fuel to the fire. The debate over the term ‘gender violence’ is back in the spotlight after Hong Jun-pyo, the chairperson of the main [...]
YEONGDONG, Sept. 20 (Korea Bizwire) – Both the Korean Wine Festival and Yeongdong Nangye Traditional Music Festival have brought international recognition to Yeongdong County, showing the world just how far a successful event could go, local government officials said on Tuesday. According to an official from the Yeongdong County government, the annual wine and traditional music [...]