SEOUL, April 25 (Korea Bizwire) – Shopping was the most preferred activity by foreigners who came to South Korea during the PyeongChang Olympics earlier this year, excluding visiting or participating in the Winter Games, a government survey showed Wednesday. According to the PyeongChang Winter Olympic Games International Visitors Survey, 58.3 percent of visitors who were [...]
SEOUL, Apr. 25 (Korea Bizwire) — Naver will not introduce direct links to media outlets for its news service despite concerns over public opinion rigging and fake news. The web portal giant’s new reorganization plan will limit the number of comments left by the same account, but the company opted out of ‘outlinks’, which send readers [...]
SEOUL, Apr. 25 (Korea Bizwire) — South Korean companies operating in China are being encouraged to make use of the Chinese government’s support for the creation of intellectual property. Speaking to South Korean business owners and students during a forum in Shanghai on Sunday, Seo Dong-wook, the director of the Shanghai branch of the Korean Cultural [...]
SEOUL, Apr. 25 (Korea Bizwire) — South Korea is facing calls from animal advocacy groups to end animal testing. The Korea Association for Animal Protection (KAAP) has criticized South Korea over the growing number of animal experiments conducted in the country. “Cruel animal experiments which only serve the interests of human beings are irresponsible and unnecessary [...]
DAEJEON, Apr. 25 (Korea Bizwire) — South Korea has cut short the patent application process for a number of technologies that are part of the so-called ‘Fourth Industrial Revolution’. The Korean Intellectual Property Office (KIPO) launched a fast track today for patent applications for a select few technologies including 3D printing, self-driving, big data, cloud computing [...]
SEOUL, Apr. 25 (Korea Bizwire) — South Korea will help developing countries reduce emissions of harmful greenhouse gases by offering technological support, the science ministry has said. According to a long-term climate technology cooperation plan announced by the Ministry of Science and ICT on Monday, South Korea will help developing countries reduce greenhouse gas emissions, with [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korean internet experts are voicing different opinions regarding regulations on the comments sections typically found on news websites following a recent online opinion rigging scandal. In the wake of the ‘Druking’ scandal, which involves politicians who are accused of rigging public opinion by using an automation program, some South [...]
SEOUL, Apr. 24 (Korea Bizwire) — South Korean insurance companies can no longer ask disabled people to disclose their disability before extending coverage, according to financial authorities. The Financial Services Commission (FSC) announced plans on Monday to abolish the obligation for the disabled to reveal disabilities to insurance companies in a move to eradicate discrimination against [...]
INCHEON, April 24 (Korea Bizwire) – Olympic swimming champion Park Tae-hwan returned home from his Australian training camp on Tuesday to compete for a spot on the national team. Park spent the past three months training in Sydney. He’s back home for the national trials that start Friday in Gwangju, 330 kilometers south of Seoul. The trials, Park’s first competition of the season, will determine who will represent the [...]
SEOUL, April 24 (Korea Bizwire) – POSCO, the world’s fifth-biggest steelmaker by output, said Tuesday its first-quarter net profit jumped 11 percent from a year earlier on rising demand and increased shareholding gains. Net profit for the three months ending on March 31 rose to 1.084 trillion won (US$1 billion) from 976.9 billion won a year earlier, the company said in a statement. “Rising demand for steel products [...]