SEOUL, June 1 (Korea Bizwire) – Sistar’s new and final song “Lonely” on Thursday rose to No. 1 on major South Korean music streaming charts. “Lonely,” an acoustic R&B song released Wednesday afternoon, topped seven music streaming charts, including Melon, Olleh Music, Naver Music and Bugs Music, as of 8:30 a.m. The track was produced [...]
SEOUL, June 1 (Korea Bizwire) – The gap in the cost of electricity generated by coal-fired power plants and LNG power plants is closer than ever, the Korea Power Exchange (KPX) said. According to data released by the KPX yesterday, the unit fuel cost of coal powered electricity was 50.22 won (US$0.045), while the unit [...]
SEOUL, June 1 (Korea Bizwire) – The newly elected Moon Jae-in administration has reaffirmed its stance on cutting mobile phone bills for the socially marginalized in South Korea. In a business meeting with the Ministry of Science, ICT and Future Planning (MSIP) held today, Lee Gae-ho from the advisory committee for government planning said reducing [...]
SEOUL, June 1 (Korea Bizwire) – Amid fears of further Chinese economic retaliation over the South Korean deployment of a THAAD missile defense system, duty-free stores that were scheduled to open soon are scrambling to postpone their opening date. Last week, the Korea Duty Free Shops Association (KDFA) made an official request to the Korea Customs [...]
SEOUL, May 31 (Korea Bizwire) – Nearly half of the top 30 conglomerates in the country in 2000 either fell out of the rankings or have been dissolved, with only Samsung Group firmly entrenched in the No. 1 position, an analysis showed Wednesday. Corporate tracker CEO Score compared the top 30 business groups of 2000 and those in 2016 in terms of state-appraised assets. Over the [...]
SEOUL, May 31 (Korea Bizwire) – Advances in computing technology and dataanalytics tools are expected to help the United Nations achieve its keygoals of reducing poverty and ensuring sustainable development, the head of the U.N. agency’s sub-regional office said Wednesday. Kilaparti Ramakrishna, head and director of the U.N. Economic and Social Commission for Asia and the Pacific (UNESCAP) East and North-East Asia Office, made the remarks during a forum [...]
SEOUL, June 1 (Korea Bizwire) – Individuals who have suffered from child abuse are more likely to experience cerebral shrinkage, according to a recent study. A South Korean research team led by professors of neuropsychiatry and radiology Seok Jung-ho and Ahn Sung-jun at Gangnam Severance Hospital conducted a research experiment with a sample of 23 patients [...]
TAIWAN, June 1 (Korea Bizwire) – A new survey conducted by Booking.com revealed Busan was the most popular destination on a list of gourmet cities among Taiwanese travelers. The findings from the survey published yesterday prior to the city’s dragon boat festival also revealed Shanghai and Kobe, Japan as the second and third most popular destinations [...]
SEOUL, May 31 (Korea Bizwire) – South Korean online shopping giant Coupang is facing criticism over massive staff cuts in the wake of allegations of labor rights abuses that emerged yesterday. Coupang is widely known for its next day delivery service dubbed “Rocket Delivery”, but despite the popular policy that ships all items ordered before midnight [...]
SEOUL, May 31 (Korea Bizwire) – The Korea Institute of Machinery & Materials (KIMM) and Chungnam National University Hospital announced yesterday that they are teaming up to conduct a number of research and development projects, including a 3D printing-based ear reconstruction procedure. The announcement came yesterday after officials from both parties signed a memorandum of understanding [...]