DAEJEON, Jan. 24 (Korea Bizwire) – An increasing number of technology patents that might help guarantee health and safety improvements for single-person elderly households are being introduced. According to the Korea Intellectual Property Office, the average annual number of such patents in the past five years (2012 – 2016) was 153, more than twice the [...]
SEOUL, Jan. 24 (Korea Bizwire) – The market for personal broadcasting that allows ordinary individuals to broadcast themselves on the internet is rapidly growing. Afreeca TV was once what most Koreans associated with personal broadcasting. The name of this internet television service, which is an acronym for “Any FREE broadCAsting,” suggests just that; anybody, anywhere, [...]
SEOUL, Jan. 24 (Korea Bizwire) – Malaysia has been banning North Korean passenger jets from its airspace as part of its efforts to implement a United Nations Security Council (UNSC) sanctions resolution against the reclusive country. Malaysia’s implementation report on Resolution 2270, which was submitted to the U.N. in August, showed that the country has [...]
SEJONG, Jan. 24 (Korea Bizwire) – Per capita rice consumption in South Korea hit a fresh record low last year amid rapid changes in eating habits, government data showed Tuesday. The average annual consumption of rice per person fell to 61.9 kilograms last year, down 1.6 percent from the previous year’s 62.9 kg, according to [...]
SEOUL, Jan. 24 (Korea Bizwire) – Those in the IT and refinery industries here are expected to receive hefty bonuses after their firms enjoyed a record year in terms of sales and profit, market observers said Tuesday. Many are expected to be paid as much as half their annual salary in one-time incentive pay, they [...]
SEJONG, Jan. 24 (Korea Bizwire) – South Korea will raise greenhouse gas emissions rights in the trading market for this year in a bid to meet its tightened reduction target, the finance ministry said Tuesday. Under the revised 2017 emissions allocation plan endorsed by the Cabinet, some 538.9 million tons of emissions rights will be [...]
SEOUL, Jan. 24 (Korea Bizwire) – Samsung Electronics Co. said Tuesday its operating profit for the fourth quarter of 2016 jumped 50.11 percent on year, thanks to rising prices of semiconductors and display panels. Operating profit, which excludes income from subsidiaries, stood at 9.2 trillion won (US$7.89 billion) for the October-December period last year, compared [...]
DAEJEON, Jan. 23 (Korea Bizwire) – A team of scientists from Changwon National University has developed an eco-friendly copper catalyst that can efficiently produce hydrogen from waste material like plastic and vinyl. According to the researchers, there has been active research on gasifying plastic and vinyl using higher temperatures to develop hydrogen. Although this is [...]
SEOUL, Jan. 23 (Korea Bizwire) – Rivers froze, and workers hurried to their offices bundled in layers as South Korea recorded its coldest day yet this winter. The temperature dropped early Monday morning to minus 12 degrees Celsius in Seoul, with Daegwallyeong, Gangwon Province, recording minus 18 degrees. Most of the other regions on the [...]
SEOUL, Jan. 23 (Korea Bizwire) – The special prosecution team probing the presidential scandal has a little over a month left, with the official investigation period set to expire on February 28. There have been a few setbacks for the prosecutors, namely the failed attempt at arresting Samsung vice chairman Lee Jae-yong, and supporters of [...]