SEOUL, April 20 (Korea Bizwire) – South Korea’s prosecution said it signed an agreement with Microsoft Corp. on Thursday to protect against growing cyber threats. The Supreme Prosecutors’ Office inked the Government Security Program (GSP) with the U.S. software giant at the office of its local unit in central Seoul. The GSP is a program [...]
SEJONG, April 20 (Korea Bizwire) – South Korea’s antitrust watchdog said Thursday that it has imposed a combined 70.2 billion-won (US$61.4 million) fine on four local builders for rigging bids for a state railway project. The four companies — Hyundai Engineering & Construction Co., Hanjin Heavy Industries & Construction Co., Doosan Heavy Industries & Construction [...]
SEOUL, April 19 (Korea Bizwire) – South Korean messaging giant Kakao is accelerating its efforts to expand the online presence of its much-loved emoticons by branching out into other services including Kakao TV and web portal Daum, as Kakao Friends has become one of the most recognized brands in the country. Speaking to the press [...]
SEOUL, April 19 (Korea Bizwire) – According to a report released yesterday, the golf industry in South Korea is worth an estimated 11.4 trillion won, with the market for so called ‘screen golf’ services alone thought to exceed 1 trillion won, accounting for 10 percent of the total. The report from the Yuwon Golf Foundation [...]
SEOUL, April 19 (Korea Bizwire) – Actor Lee Min-ho will start working at the Gangnam Ward Office in southern Seoul next month as a substitute for his mandatory military service, his management agency said Wednesday. “Lee will start working there May 12 and will go through a four-week military training on dates set by the [...]
SEOUL, April 19 (Korea Bizwire) – A new initiative from the Seoul Metropolitan Government will see each district in the city equipped with a ‘forest kindergarten’ outdoor space over the next few years, places where children living in urban areas can have a rare opportunity to experience nature. According to a new plan revealed by the [...]
SEOUL, April 19 (Korea Bizwire) – Yonhap News Agency, South Korea’s key newswire, on Wednesday launched the nation’s first chatbot service, delivering news updates sorted by artificial intelligence (AI) algorithm to Facebook users. In the new service offered in Korean, any Facebook user can send messages to Yonhap’s chatbot via Yonhap’s official Facebook page (fb.com/yonhap) [...]
SEOUL, April 19 (Korea Bizwire) – Budget telecommunications networks continue to report losses nearly six years after they first appeared following an agreement with major mobile network operators in the South Korean market, despite a growing number of customers. According to the Ministry of Science, ICT and Future Planning (MSIF), the so-called budget telecommunications networks, widely known [...]
SEOUL, April 19 (Korea Bizwire) – An appeals court on Wednesday upheld a 16-month prison term handed down to a local professor on charges of bribery for manipulating a report in favor of Oxy Reckitt Benckiser in a high-profile toxic humidifier disinfectant case. The Seoul High Court convicted the professor at Hoseo University in Asan, [...]
SEOUL, April 19 (Korea Bizwire) – Some South Korean liberal groups are calling for the redistribution of wealth accumulated by Korea’s top 30 companies, citing the growing gap between the rich and poor that is devastating the middle class. At a protest held yesterday, liberal activists from groups like Korean Confederation of Trade Unions and [...]