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KEPCO Selected as Preferred Bidder for Nuclear Plant in UK

SEOUL, Dec. 6 (Korea Bizwire) – South Korea’s state-run utility firm Korea Electric Power Corp. was selected as the preferred bidder in a project to build a nuclear power plant in Britain, sources said Wednesday. Toshiba Corp., which has a 60 percent stake in the NuGen consortium in charge of building the nuclear power plant in Cumbria, northwest England, plans to announce soon that KEPCO has become the preferred bidder, according to industry insiders, who wanted to remain anonymous. Still, a KEPCO official said he is [...]

Web Site Goes Down as BTS Releases Seoul Promotion Song

SEOUL, Dec. 6 (Korea Bizwire) – K-pop sensation BTS unveiled a new song meant to promote Seoul overseas on Wednesday, drawing huge Internet traffic that caused the temporary outage of its host Web site. The song titled “With Seoul” was uploaded for free download at noon on the Seoul Metropolitan Government’s tourism promotion site, www.visitseoul.net. The site crashed within minutes of release and remained inaccessible for hours, according to officials. The boy group has been [...]

Hyundai Motor, Luxi Team Up for Carpooling Service

SEOUL, Dec. 6 (Korea Bizwire) – Hyundai Motor is poised to branch out into the car sharing service industry in partnership with carpool service provider Luxi. The automaker signaled its foray into the carpool service market on Tuesday, after making a public announcement of Project Ioniq, a joint future mobility research project with Luxi to develop [...]

Changes to Come for Gwanghwamun Square Terms of Use

SEOUL, Dec. 6 (Korea Bizwire) – Changes are set to be implemented for the terms of use for Gwanghwamun Square to hold festivals or protests, including a cap on the maximum length of occupation. Under the new rules, event organizers and protestors won’t be able to occupy the landmark location for more than six days for [...]

Cheongju Trials Smart Commuter Bus for Nursery Schools

CHEONGJU, Dec. 6 (Korea Bizwire) – The city of Cheongju is trialing smart commuter buses for nursery schools that keep parents informed of the location of their children and make sure that no passengers are left behind. The project was launched by the Cheongju city government after being commissioned by the Ministry of Science and ICT’s [...]

Duty-Free Shop Coming to Hwacheon Ice Festival

HAWCHEON, Dec. 6 (Korea Bizwire) – Hwacheon County has announced plans to introduce a duty-free shop at the Hwacheon Sancheoneo Ice Festival for international visitors as part of a bid to boost consumption. According to plans announced by the Hwacheon County government on Tuesday, the newly proposed duty-free shop will be built in time for the [...]

Number of DMZ Visitors on the Rise Despite Tensions with North Korea

SEOUL, Dec. 6 (Korea Bizwire) – Despite growing tensions with North Korea, the number of visitors to the DMZ has more than doubled this year, according to a travel agency. Cosmojin Travel Agency, which specializes in packages for international tourists in South Korea, said on Tuesday that the number of visitors to the Demilitarized Zone had [...]

Surging Interest in Finland After Success of ‘Welcome, First Time in Korea?’

SEOUL, Dec. 6 (Korea Bizwire) – MBC every1’s hit show Welcome, First Time in Korea?’s ratings hit a record high with the latest episodes featuring Finnish panel members, and viewers are expressing interest in the Nordic country following the program’s success. The latest episode of the variety show garnered an audience of 5 percent, according to [...]

South Korean Military to Launch Drone Bot Combat Unit

SEOUL, Dec. 6 (Korea Bizwire) – The South Korean army is reportedly on course to launch a combat unit consisting of drone bots sometime next year, in a move that signals a new era of drone bots in the military. According to a source close the army on Tuesday, a new group will be formed in [...]

Hyundai Workers to Stage Strike This Week in Push for Higher Wages

SEOUL, Dec. 5 (Korea Bizwire) – Workers at Hyundai Motor Co. will stage a partial strike at the carmaker’s main domestic plants this week in a push for higher wages and bonuses, the union said Tuesday. Hyundai’s 51,000-member union will go on strike for four to six hours Tuesday through Friday at five plants in Ulsan, 414 kilometers south of Seoul, as the union seeks to pressure the company to accept their demands in this year’s wage negotiations, [...]