BUSAN, Aug. 3 (Korea Bizwire) — SK Telecom is using big data to more accurately calculate the number of beachgoers that flock to Haeundae Beach in Busan every year. According to SK Telecom and Nex&Tech on Wednesday, the number of visitors to Haeundae and Songjeong Beaches from last Friday to Sunday was estimated to be [...]
SEOUL, Aug. 3 (Korea Bizwire) — Hyundai Mobis has developed a new technology called ‘smart key’, which allows users to start their car engine using a smartphone. The South Korean car parts company announced on Wednesday that it has developed a new system which connects smartphones equipped with near-field communication (NFC) technology to vehicles through [...]
SEOUL, Aug. 3 (Korea Bizwire) — A new report has claimed South Korea’s ageing population will reshape the landscape of the country’s industry. The report from the Bank of Korea (BOK) released on Wednesday discusses the relationship between an ageing population and industrial structure, welfare and the healthcare service industry. In the report, Kang Jong-gu, the [...]
SEOUL, Aug. 3 (Korea Bizwire) — Small business owners in South Korea are making moves to adapt to the country’s new minimum wage hike, as a new survey shows nine in ten will downsize to offset the expected economic impact. The surprising findings from a survey conducted by the Korea Federation of Micro Enterprise last month [...]
SEOUL, Aug. 3 (Korea Bizwire) — As brutal heat waves continue to hit South Korea, urban forests that work as naturally sourced air-conditioning systems are drawing attention. According to data released by the Korea Forest Service (KFS) on Wednesday, a thermo-graphic camera showed the average temperature in urban forests is between 4.5 and 2.3 Celsius degrees [...]
INCHEON, Aug. 3 (Korea Bizwire) – South Korea’s largest urban virtual reality-theme park, Monster VR, opened its doors to the public in Incheon on Thursday, the government said. The park is located on the 1,320 square meters of land in the Songdo district of Incheon on the western outskirts of Seoul, according to the Ministry [...]
SEOUL, Aug. 3 (Korea Bizwire) – The labor ministry plans to draw up guidelines on the after-work use of mobile messaging and other forms of social networking services, an official said Thursday, amid growing complaints about companies giving work-related orders via social media during off hours. A growing number of people have complained about getting [...]
SEOUL, Aug. 3 (Korea Bizwire) – Audi Volkswagen Korea Ltd., a global sales unit of Audi AG, is speeding up preparations to resume sales in South Korea within this year, Seoul officials said Thursday. On July 25 last year, Audi Volkswagen Korea, which was selling passenger cars under marques such as Audi, Bentley, Lamborghini, Porshe [...]
SEOUL, Aug. 2 (Korea Bizwire) – South Korea’s top financial regulator on Wednesday urged banks and other financial institutions to tighten screenings of applications for home mortgages in a move to block speculative demand for homes before the government’s stricter lending rules go into force. Financial Services Commission (FSC) Chairman Choi Jong-ku made the remarks at [...]
SEOUL, Aug. 2 (Korea Bizwire) – South Korean football legend Park Ji-sung will be named an honorary ambassador for the 2018 PyeongChang Winter Games, the event’s organizers said Wednesday. PyeongChang’s organizing committee said Park’s appointment ceremony will take place in Seoul on Friday. Park was one of South Korea’s most iconic football stars until his [...]