SEOUL, July 24 (Korea Bizwire) – A group of nine ancient private Confucian academies in the country, called “Seowon” in Korean, will again try to gain registration as a UNESCO World Heritage early next year, an official at the Cultural Heritage Administration (CHA) here said Monday. The decision was made a meeting of the CHA’s cultural assets [...]
SEOUL, July 24 (Korea Bizwire) – Samsung BioLogics, a biopharmaceutical unit of South Korea’s top conglomerate Samsung Group, suffered a loss in the second quarter despite a rise in sales, the company said Monday. Sales jumped 33 percent on-year to 63.2 billion won (US$57 million) during the April-June period, the company said in a regulatory [...]
SEOUL, Jul. 24 (Korea Bizwire) — The division at Kakao Corp responsible for its taxi-hailing and chauffeur services is being separated from South Korea’s largest messaging company, and will be launched as an independent entity next week. Starting in August, Kakao Mobility will operate as an independent entity, separated from its parent company Kakao Corp, [...]
JEONGSEON, South Korea, July 24 (Korea Bizwire) –A walking festival will open later this week on an Olympic trail in the South Korean mountain county of Jeongseon to wish for the success of the 2018 PyeongChang Winter Olympics, an official said Monday. The 131.7-kilometer Olympic Aribau Trail links the Olympic cities of PyeongChang, Gangneung and [...]
SEOUL, Jul. 24 (Korea Bizwire) — The aging coal-powered Young Dong Unit 1 power station has been revamped as the country’s largest environment-friendly biomass plant, replacing coal with wood pellet fuel. According to the Yeongdong Eco Power Division of Korea South-East Power (KOSEP), around 96 billion won was invested to renovate the Young Dong Unit 1 [...]
SEOUL, July 24 (Korea Bizwire) – Jin Air Co., the budget carrier unit of Korean Air Lines Co., said on Monday it added a B737-800 jet to its growing fleet to meet demand during the summer peak season. With the addition of the B737-800, Jin Air’s fleet is now composed of 20 B737-800s and four long-range B777-200ERs, all leased from U.S. aircraft manufacturer [...]
SEOUL, July 24 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Monday it has joined forces with the country’s leading automaker Hyundai Motor Co. and its sister company Kia Motors Corp. to develop Artificial Intelligence (AI) technology. Under the agreement, the automakers will implement server-based speech recognition technology into the Genesis [...]
SEOUL, July 24 (Korea Bizwire) – SK Group has replaced Hyundai Motor as South Korea’s second-largest market cap as of last week, with Samsung Group remaining unchallenged in the No. 1 spot, according to the Korea Exchange on Monday. Samsung Group’s market cap came to 516.57 trillion won (US$461.63 billion) as of Friday’s closing, up [...]
SEOUL, Jul. 24 (Korea Bizwire) — Sales of locally sourced vegetables are on the rise in South Korea as an increasing number of consumers show interest in the fresher and cheaper alternatives. According to South Korean retail giant Lotte Mart, sales of locally sourced vegetable products during the first half of this year increased by over [...]
SEOUL, Jul. 24 (Korea Bizwire) — An autopsy of a dead turtle captured last month in the Yellow Sea revealed a startling amount of plastic waste inside the animal’s stomach, pointing to the problem of marine pollution in South Korean waters. The loggerhead sea turtle captured in a net last month off the coast of an [...]