SEOUL, Jul. 27 (Korea Bizwire) — South Korean retail giant E-mart announced on Wednesday it will sell compact electric vehicles, with plans to open a smart mobility store called ‘M Lounge’ at its Hanam location on Thursday. A selection of vehicles running on electricity will be on sale at the new store, including electric bikes [...]
SEOUL, Jul. 27 (Korea Bizwire) — A South Korean lawmaker has proposed a bill that would allow Internet service providers to delete fake news posts, amid growing concerns over their influence on political stability and evidence from other countries. Lawmaker Lee Eun-kwon, a member of the Liberty Korea Party, set forward a reform bill on Wednesday [...]
SEOUL, July 27 (Korea Bizwire) – LG Electronics Inc., South Korea’s No.2 electronics firm, said Thursday its second-quarter net profit nearly doubled from a year earlier on the back of a steady rise in home appliance goods, but its mobile phone business continued to suffer losses due to weaker than expected sales of flagship smartphones. [...]
SEOUL, July 27 (Korea Bizwire) –South Korea defended a new local movie depicting South Koreans mobilized as forced labor for imperial Japan as “factual” on Thursday after the Japanese chief cabinet secretary dismissed it as fictional. The movie “The Battleship Island” was released a day earlier, rekindling attention on the hellish atrocities suffered by Koreans [...]
North Chungcheong Province, Jul. 27 (Korea Bizwire) — A group of nudists who convene at a remote villa in the South Korean countryside is facing a backlash from the local community, with residents threatening to take legal action and some preparing to hold a protest near the building. According to local reports, a group of [...]
SEOUL, Jul. 27 (Korea Bizwire) — A new industry report claims that streaming service Netflix failed to take advantage of its original film ‘Okja’ in South Korea despite the hype for the star-dusted cast and high-profile film director Bong Joon-ho, as subscription figures have plunged only days after the movie was released. The report released on Thursday [...]
SEOUL, Jul. 27 (Korea Bizwire) — South Korean professional baseball team KT Wiz announced plans on Wednesday to hold a water festival alongside upcoming home games at the Suwon Baseball Stadium. Including the games against NC Dinos this weekend, and those with SK Wyverns and Doosan Bears scheduled for August, the ‘5G Water Festival’ will be held [...]
SEOUL, July 27 (Korea Bizwire) – Kia Motors Corp. said Thursday its second-quarter net profit plunged 53 percent from a year earlier on weaker demand for its vehicles in China and the United States. For the three months that ended on June 30, net profit declined to 389.6 billion won (US$350 million) from 825.8 billion [...]
SEOUL, July 27 (Korea Bizwire) – SsangYong Motor Co.’s union has accepted a wage deal to avoid any production losses amid tough competition from rivals, the company said Thursday. “The company and its union shared the view that a stable labor-management relation is essential in increasing sales of the G4 Rexton SUV and maintaining its [...]
SEOUL, Jul. 27 (Korea Bizwire) — South Korean conglomerate Samsung’s startup supporting venture ‘Samsung Next’ has for the first time invested in a South Korean startup since its establishment five years ago. The latest beneficiary of Samsung’s investment scheme is Mobidoo, a small startup company with fewer than ten employees that specializes in payment solutions and mobile [...]