Korea Bizwire, Author at Be Korea-savvy
Corporate Earnings Forecast to Be Higher Than Expected: Brokerage Firms

Corporate Earnings Forecast to Be Higher Than Expected: Brokerage Firms

SEOUL, May 28 (Korea Bizwire) – South Korean companies’ earnings for the year are forecast to be higher than earlier expected on the back of improving conditions, industry data showed Sunday.  According to the data compiled by industry tracker FnGuide, the combined earnings of listed firms here are estimated at 143.59 trillion won (US$128 billion) [...]

New Administration Treads Carefully Towards Peace Talks with North Korea

New Administration Treads Carefully Towards Peace Talks with North Korea

SEOUL, May 26 (Korea Bizwire) – “Moonshine Policy” is what the media have dubbed President Moon Jae-in’s stance towards North Korea, taken from late President Kim Dae-jung’s famous Sunshine Policy that earned him the Nobel Peace Prize in 2000.  After over nine years of rule at the hands of two conservative presidents, South Korea has a [...]

South Korean Research Institute Develops 3-Dimensional Wireless Charger

South Korean Research Institute Develops 3-Dimensional Wireless Charger

SEOUL, May 26 (Korea Bizwire) – Researchers at the Electronics Telecommunications Research Institute have developed a cup holder-shaped wireless charger for smartphones dubbed E-Cup, allowing devices to charge regardless of their position as long as they sit inside the cup.  According to researchers, conventional wireless smartphone chargers are two-dimensional, and typically operate by placing the [...]

Biometric Authentication Under Fire After Samsung Galaxy S8 Iris Scanner Hack

Biometric Authentication Under Fire After Samsung Galaxy S8 Iris Scanner Hack

SEOUL, May 26 (Korea Bizwire) – The recent news of the Samsung Galaxy S8’s iris scanner hack came as quite a shock to South Koreans, who have seen a growing number of commercial banks adopt the new biometric authentication method for their mobile banking services.  According to reports, the German Chaos Computer Club (CCC) fooled [...]

Rechargeable Batteries Exports Hit Record High in 2016

Rechargeable Batteries Exports Hit Record High in 2016

SEJONG, May 26 (Korea Bizwire) – South Korea’s exports of rechargeable batteries reached a fresh record high in 2016 on rising global demand for smart devices and electric vehicles, customs data showed Friday.  Outbound shipments of accumulators, such as lithium-ion batteries amounted to a record US$4.4 billion in 2016, up 11.6 percent from $3.94 billion [...]

KEPCO, GE Join Hands for Next-Generation Electric Energy Biz

KEPCO, GE Join Hands for Next-Generation Electric Energy Biz

SEOUL, May 26 (Korea Bizwire) – State-run Korea Electric Power Corp. (KEPCO) said Thursday it has joined forces with General Electric for co-investment in the development of next-generation electric power facilities.  The South Korean utility firm and the U.S. aviation and energy conglomerate held an opening ceremony of its joint office in Naju, some 399 [...]