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Toshiba Taps SK Hynix’s Consortium as Preferred Bidder

SEOUL, June 21 (Korea Bizwire) – A global consortium including South Korea’s SK hyinx Inc. was tapped as the preferred bidder for the sale of the memory arm of Japanese tech giant Toshiba Corp., industry sources said Wednesday. Toshiba earlier put its stake in its memory operations up for sale as it struggles with losses from its nuclear power business in the United States. The consortium, also including Japanese players and U.S. Bain Capital, [...]

Video Captures Resourceful Elephants Saving Drowning Calf

SEOUL, June 20 (Korea Bizwire) – A video of elephants saving one of their young has gone viral on the internet. The clip, which captures the rare moment two resourceful adult elephants came to the rescue of a helplessly drowning calf in a pool at the Grand Park Zoo in Seoul, has garnered over 550,000 views [...]

Government Faces Challenges in Shutdown of Nuclear Power Plants

SEOUL, June 20 (Korea Bizwire) – The Moon administration’s efforts to mothball nuclear power plants and focus on renewable energy are being met with significant challenges. On Monday, President Moon attended an event held at Kori Nuclear Power Plant in Busan in celebration of the permanent closure of the very first nuclear power reactor in the [...]

Tesla Launches Buyer-Exclusive Event in South Korea

SEOUL, June 20 (Korea Bizwire) – Tesla Motors Inc. on Tuesday began the delivery of its emission-free vehicles to South Korean customers at an event held at its after sale service center in southwestern Seoul. The U.S. electric carmaker invited some 100 South Koreans composed of the buyers of the Model S 90D, their families [...]

‘Produce 101′ Tops TV Chart for 10 Weeks in Row

SEOUL, June 20 (Korea Bizwire) – Season two of “Produce 101,” Mnet’s all-male idol audition show, topped a TV popularity index for 10 weeks straight, data showed Tuesday. “Produce 101″ scored 285.1 points on the Content Power Index (CPI), becoming the most popular TV program from June 5-June 11. CPI, developed by entertainment company CJ [...]

Woman Admits to Leaving Newborns to Die and Storing Bodies in Fridge

BUSAN, June 20 (Korea Bizwire) – A woman confessed to having let her newborn babies die and then storing the bodies in her home refrigerator for fear that her live-in lover would leave if he found out about the births, police said Tuesday. Police apprehended the 33-year-old woman, only identified by her family name Kim, [...]

KFC Maintains Prices Despite Pressure

SEOUL, Jun. 20 (Korea Bizwire) — Despite many chicken franchises lowering prices amid pressure from the government, international fried chicken giant KFC is bucking the trend and has so far maintained the cost of its menu items. With the recent establishment the Fair Trade Commission headed by newly appointed former professor of trade Kim Sang-Jo, [...]

Super Cow in Hoengseong Draws Public Attention

GANGWON PROVINCE, June 20 (Korea Bizwire) – A super cow in Hoengseon, Gangwon Province, a popular area for Korean cattle, is drawing nationwide attention for its extraordinary build. The cow at the center of attention weighs over 1,000 kilograms, the Heongseong Livestock Industry Cooperative said on Monday after speaking to 64-year-old farmer Choi Hee-ja, who [...]

Incheon Airport to Introduce Helper Robots Next Month

SEOUL, June 20 (Yonhap) – Incheon International Airport is introducing robots next month which could soon help customers find check-in counters and move luggage, and will also be capable of serving food at restaurants. According to Incheon Airport officials on Monday, five guide robots and another five for cleaning will be trialed from next month, [...]

Small Cars Most Popular in Used-Car Market

SEOUL, June 20 (Korea Bizwire) – Compact cars are the most popular in the South Korean used-car market, according to a new industry report. Online open market SK Encar said on Monday that of all types of used-cars, compact cars took the shortest time to sell, spending 28.4 days on average on offer during the [...]