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South Korea’s Answer to Silicon Valley Sees Rapid Growth

South Korea’s Answer to Silicon Valley Sees Rapid Growth

Gyeonggi Province, Aug. 9 (Korea Bizwire) — Pangyo Techno Valley in Gyeonggi Province is growing rapidly, with annual economic output estimated at 77 trillion won last year. According to data released by the Gyeonggi Provincial Government on Tuesday, more than 1,300 companies had moved into Pangyo Techno Valley, also known as PTV, an industrial complex located [...]

Rice Farmers Impressed by Agricultural Drone

Rice Farmers Impressed by Agricultural Drone

North Chungcheong Province, Aug. 9 (Korea Bizwire) — A trial performance of an agricultural drone took place yesterday in in North Chungcheong Province’s Okcheon County, with the unmanned aerial vehicle (UAV) spraying pesticides over one hectare of land in 10 minutes and leaving rice farmers impressed. The trial event organized by the Okcheon Agricultural Extension [...]

Busan to Invest 11 Billion Won to Develop Wearable Robots for the Elderly

Busan to Invest 11 Billion Won to Develop Wearable Robots for the Elderly

BUSAN, Aug. 9 (Korea Bizwire) — The Busan Metropolitan Government has announced plans to invest almost 12 billion won into developing wearable robots for the elderly over the next four years. Busan’s project dubbed ‘soft wearable suit technology development venture’ was recently picked up by the Ministry of Science, ICT and Future Planning (MSIP), as [...]

South Korea Retakes Top Spot in Global Ship Orders in July

South Korea Retakes Top Spot in Global Ship Orders in July

SEOUL, Aug. 9 (Korea Bizwire) – South Korean shipyards recaptured the No. 1 position in new orders worldwide in July amid a plunge in overall numbers, outpacing Chinese rivals, industry data showed Wednesday. According to the data compiled by global research firm Clarkson Research Institute, local shipbuilding companies clinched new orders worth a combined 306,000 compensated [...]

Deadly Heat Wave Hits South Korea, Causing Mass Animal Deaths

Deadly Heat Wave Hits South Korea, Causing Mass Animal Deaths

SEOUL, Aug. 8 (Korea Bizwire) — With the mercury hitting highs of around 36 degrees Celsius, a sweltering heat wave that has stricken South Korea is now costing the lives of thousands of animals across the country. According to the Korea Centers for Disease Control and Prevention (KCDC), over 1,200 people fell ill due to [...]

South Korea and China to Celebrate 25th Anniversary of Diplomatic Ties Separately

South Korea and China to Celebrate 25th Anniversary of Diplomatic Ties Separately

BEIJING, Aug. 8 (Korea Bizwire) — Tensions between South Korean and China over the deployment of a THAAD anti-missile system is spilling over into the 25th anniversary of diplomatic relations between the two countries, as reports suggest celebrations will be held separately, with the upcoming events rumored to be reduced in scale compared to years [...]

Sales of Picnic Products Increase as Consumers Shift Away from Camping

Sales of Picnic Products Increase as Consumers Shift Away from Camping

SEOUL, Aug. 8 (Korea Bizwire) — Sales of picnic products in South Korea have soared this summer amid a shift among consumers away from camping and towards something more casual, a retail giant has said. According to E-mart on Monday, sales of camping stables such as tents last month dropped 28 percent compared to the [...]