SEOUL, Dec. 26 (Korea Bizwire) – A government panel on Tuesday greenlighted LG Display Co.’s 5 trillion-won (US$4.4 billion) project to build its first large organic light-emitting diode plant in China. The panel under the Ministry of Trade, Industry and Energy had been reviewing the plan since July when LG Display asked the government to [...]
SEOUL, Dec. 26 (Korea Bizwire) – Filipino boxing legend Emmanuel “Manny” Pacquiao will be appointed as a Seoul global ambassador for his leading role in enhancing the relationship and exchanges between South Korea and the Philippines, the Seoul Metropolitan Government said Tuesday. Pacquiao, now a sitting senator in his country, will visit Seoul City Hall [...]
SEOUL, Dec. 26 (Korea Bizwire) – A new study has found fermented foods with lactic acid bacteria such as kimchi can help fight the flu. The joint study conducted by Korea University, the World Institute of Kimchi, and Daesang Corporation revealed that traditional fermented foods with lactobacillus can help control flu viruses, according to the [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korean fantasy action blockbuster “Along With Gods: The Two Worlds” dominated local box offices in its opening weekend, data showed. The first installment in the “Along With Gods” saga sold 2.7 million tickets from Friday to Sunday, according to the real-time based box office tally released by the [...]
SEJONG, Dec. 26 (Korea Bizwire) – South Korea’s key industries, including the auto and shipbuilding sectors, suffered a sharp drop in exports last year, but the country logged a decent trade surplus due to a dip in oil prices, data showed Tuesday. According to the data compiled by Statistics Korea, the country’s exports reached US$494.3 [...]
SEOUL, Dec. 26 (Korea Bizwire) – Individuals with high blood pressure and glaucoma are more likely to have a stroke, a new study has found. Professors Park Ki-ho, Jung Jin-wook, and Lee Won-joon from the department of ophthalmology at Seoul National University have discovered that glaucoma can double the risk of stroke for those suffering [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korean quarantine officials have slaughtered 201,000 birds in the country’s southwestern areas to contain the spread of avian influenza, an official said Sunday. Quarantine workers culled the ducks between Nov. 18 and Friday, said an official handling the issue at the Ministry of Agriculture, Food and Rural Affairs. [...]
SEOUL, Dec. 26 (Korea Bizwire) – Global sales of flexible organic light-emitting diode (OLED) panels have surged amid strong market demand for premium mobile devices, industry watchers said Monday. According to business insiders here that checked data provided by IHS Markit, release of the newest smartphones that make use of curved screens is fueling recent [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korea’s petroleum refinery industry is making large scale investments and diversifying their portfolios amid solid growth this year, market watchers said Monday. Observers said that the move comes as companies want to capitalize on recent gains and better insulate themselves from uncertainties going forward. S-Oil Corp., which is [...]
CHUNCHEON, Dec. 22 (Korea Bizwire) – Gangwon Province has unveiled ‘Gangwon Vision 2040′, a blueprint outlining development strategies for the region in the future. The Gangwon provincial government announced the four-point plan dubbed Gangwon Vision 2040 at a meeting on Friday, as the province is poised to raise quality of life and reach a gross [...]