SEOUL, May 19 (Korea Bizwire) – Over six in 10 car buyers are interested in purchasing autonomous vehicles once they are commercialized, a recent survey has revealed. According to the survey conducted by used car website SK Encar last month, over 60 percent of the 1,635 respondents said they would consider buying an autonomous vehicle, while [...]
SEOUL, May 19 (Korea Bizwire) – The adapted version of South Korea TV series “The Good Doctor” has landed a prime-time slot on American TV channel ABC. According to South Korean TV network KBS, where the original version of “The Good Doctor” first aired back in 2013, the American version will go on air every Monday [...]
SEOUL, May 19 (Korea Bizwire) – Carmakers are betting on sport-utility vehicles (SUV) in the South Korean market amid strong consumer demand, industry insiders said Friday. In the next two to three years, local and foreign carmakers have plans to introduce a series of premium SUVs to reflect the popularity of recreational vehicles, according to [...]
CANNES, France, May 19 (Korea Bizwire) – The press screening of South Korean director Bong Joon-ho’s “Okja” at the Cannes Film Festival was temporarily stopped on Friday (local time) due to jeers from the audience opposing the Netflix-invested title’s presence at this year’s event. Boos, claps, and whistles erupted from the audience when the Netflix [...]
SEOUL, May 19 (Korea Bizwire) – Unionized workers at Korean Air Lines Co. will allow the company to decide on the wage increase for 2017 to better help the national flag carrier make a turnaround this year, the airline said Friday. “We have delegated authority to the company for this year’s wage negotiations not only for the company’s sustainable growth and survival but also for the job security of workers,” union leader Lee Jong-ho said in a [...]
SEOUL, May 19 (Korea Bizwire) – Insurance contract liabilities must be calculated based on current interest rates and provisions from 2021, when a new global accounting rule is introduced in South Korea, financial regulators said Thursday. South Korea is one of more than 100 nations that will adopt the new global bookkeeping standard, or International Financial Reporting [...]
SEOUL, May 19 (Korea Bizwire) – South Korea is expected to recall more than 1 million vehicles in 2017 as motorists become more safety-conscious amid the sophistication of auto parts and technology, officials said Thursday. In the year to date, the Ministry of Land, Infrastructure and Transport has ordered some 100 recalls affecting 820,000 vehicles, with the full-year number likely to far exceed the 1 million mark. It will mark the first time in two years for [...]
SEOUL, May 18 (Korea Bizwire) – Despite a series of protests calling for his release, the South Korean army captain at the center of a controversial ‘gay inquest’ in the army was sentenced to two years in prison this Tuesday after a verdict was reached at the country’s general military court. The captain, whose name is [...]
SEOUL, May 18 (Korea Bizwire) – The row between South Korean internet provider SK Broadband and social networking giant Facebook continues following reports of connection issues for Facebook users on SK Broadband connections. With the country witnessing for the first time a clash between a foreign content provider and a telecom network over shared broadband network [...]
SEOUL, May 18 (Korea Bizwire) – South Korea’s state-run cyber security agency said Thursday that 17 companies have been struck by “WannaCry” so far, but the spread of the ransomware has slowed. The Korea Internet & Security Agency (KISA) said it is keeping a watchful eye on the spread of the ransomware, although the situation [...]