SEOUL, March 29 (Korea Bizwire) – Hyundai Motor Group’s plan to streamline its governance structure among affiliates will pave the way for future mergers and acquisitions and help it focus on its mainstay car manufacturing business, local analysts here said Thursday. On Wednesday, the country’s biggest carmaker announced it will spin off the module manufacturing and after-sales [...]
SEOUL, March 29 (Korea Bizwire) – The chief executive officer of GM Korea Co. has called on its labor union to conclude ongoing wage negotiations by the end of March to help turn around the ailing carmaker, industry sources said Thursday. GM Korea and its labor union have made little progress in the wage talks deemed crucial to the [...]
SEOUL, Mar. 29 (Korea Bizwire) — A festival breaking boundaries between people with developmental disabilities and non-disabled people will be held in Seoul this Saturday. The ‘Do Dream’ festival will be held at 10 a.m. on Saturday at the north side of Gwanghwamun Square, featuring a special concert by rock band Boohwal, a talk, and a [...]
SEOUL, March 29 (Korea Bizwire) – The vice chairman of South Korean retail giant Shinsegae Group on Thursday revealed an autonomous shopping cart under development as the company moves to secure competitiveness of its offline distribution channels. Dubbed eli, it would be the world’s first autonomous cart, Chung Yong-jin said in a post on his Instagram account that included a clip showcasing the cart’s key [...]
SEOUL, March 29 (Korea Bizwire) – North Korean football officials arrived in South Korea on Thursday to attend a meeting on regional football issues.Four North Koreans, including East Asian Football Federation (EAFF) Vice President Han Un-gyong, landed at Gimhae International Airport in Busan after taking a flight via Beijing. This is the first time since [...]
SEOUL, Mar. 29 (Korea Bizwire) — South Korean researchers are ramping up efforts to develop air purifiers and masks in their fight against ultra-fine dust. According to industry watchers, a research team at the Korea Research Institute of Bioscience and Biotechnology has created a nanofiber-based ultra-fine dust filter that can collect particulate matter known as known [...]
SEOUL, Mar. 29 (Korea Bizwire) — South Korean police buses are being criticized for contributing to the air pollution that frequently blankets Seoul and other cities across the country. These buses, which are often dispatched to protests around Seoul and are usually left idling all day long, are accused of emitting harmful air pollutants, as the [...]
SEOUL, Mar. 29 (Korea Bizwire) — Larger buildings scheduled to be built in Seoul from July will be required to offset energy consumption with renewable energy sources including solar energy. Under the new renewable energy quota, buildings larger than 100,000 square meters in total floor area will have to rely on renewable energy for at least [...]
SEOUL, March 28 (Korea Bizwire) – The smoking rate for South Korean men aged 19 or older fell last year and stood below the 40 percent-mark for the first time, a survey showed Wednesday, partly on the back of the adoption of warning images on cigarette packs. According to the survey by the Korea Centers [...]
SEOUL, March 28 (Korea Bizwire) – South Korea’s No. 2 chipmaker SK hynix said Wednesday it plans to maintain its lead in the Chinese market by focusing on quality products, amid concerns that Beijing may reduce imports of South Korean chips by buying more from the United States. “The Chinese market calls for products with [...]