SEOUL, Jul. 12 (Korea Bizwire) — Over half of South Koreans believe the country’s current taxation system is unfair, a new report has found. According to data released by Jeon Byung-mok, the director of the Korea Institute of Public Finance (KIPF) during a meeting held at the headquarters of the Korea Federation of Banks on Tuesday, [...]
Gangwon Province, South Korea, Jul. 12 (Korea Bizwire) — Amid a sweltering heat wave and the torrential rain of the monsoon season, one South Korean army base is being resourceful in tackling the elements by introducing disposable lunch boxes. The single-use lunchboxes adopted by the 7th Infantry Division, a military formation of the Republic of Korea Army, [...]
SEOUL, July 12 (Korea Bizwire) – SK hynix Inc., South Korea’s No. 2 tech giant, on Wednesday remained silent over reports that Japan-based Toshiba Corp. is contacting U.S. and Taiwanese firms as potential buyers of its memory division. Japanese media earlier reported Toshiba is holding talks with U.S. Western Digital and Taiwan-based Hon Hai Precision [...]
SEOUL, July 12 (Korea Bizwire) – LG Electronics’ smartphone business has been struggling to extricate itself from a quagmire caused by stubborn losses and a weak brand image, but local market watchers said Wednesday they remain optimistic the company can pull off a rebound going forward. The tech giant’s slump is all the more stark [...]
SEOUL, Jul. 11 (Korea Bizwire) — South Korean search engine giant Naver has retracted plans to update its website layout after facing criticism for blatantly favoring its online shopping affiliates, which many called an unethical business practice. Most of the criticism is surrounding Naver’s newly proposed website layout, in which online shopping malls listed as the [...]
SEOUL, Jul. 11 (Korea Bizwire) — South Korean IT giant SK Telecom has launched a new livestock monitoring system called ‘Live Care’ after teaming up with bio venture company uLikeKorea, which will allow farmers to keep an eye on the health of their cattle using smart biocapsules. The new service from SKT will see biocapsules [...]
CAMP HUMPHREYS, Gyeonggi Province, July 11 (Yonhap) – Nestled in the seaport city of Pyeongtaek, Camp Humphreys symbolizes American troops’ landmark transition not just in its decades-long presence on the peninsula but also in efforts to become nimbler and more reliant on high-tech combat systems. After a decade of delay, the expansion of the compound [...]
SEOUL/PAJU, July 11 (Korea Bizwire) – A 108-kilometer, 100-minute drive found Hyundai Motor Co.’s subcompact sport-utility vehicle Kona unique among rivals in its class in terms of distinctive looks, a composed ride and top-of-the-line safety features, a good starting point for a vehicle that the carmaker is pinning high hopes on. In a mix of [...]
SEOUL, Jul. 11 (Korea Bizwire) — According to a new report, newly married couples who live close to the wife’s parents tend to have a child earlier than others. According to the latest edition of the Health and Social Welfare Review released by the Korea Institute for Health and Social Affairs (KIHASA) on Monday, married couples living [...]
SEOUL, Jul. 11 (Korea Bizwire) — A South Korean university will host the world’s very first Artificial Intelligence World Cup later this year, which will see teams consisting of South Korean university students with artificial intelligence algorithm programs competing in multiple events, ranging from AI-based football and sports commentary to writing articles based on the outcome [...]