SEOUL, Jan. 18 (Korea Bizwire) – Renault Samsung Motors Co., the local unit of French automaker Renault S.A., aims to sell some 270,000 units this year, its chief said Wednesday. Last year, the carmaker’s global sales jumped 12 percent from the previous year to 257,345, on a sharp increase in domestic sales. The sales tally [...]
SEOUL, Jan. 18 (Korea Bizwire) – South Korea will increase the bandwidth allocated for the fifth-generation network (5G) by 2018 to accommodate sharply increasing data traffic, the science ministry said Wednesday. The Ministry of Science, ICT and Future Planning said it will newly secure the bandwidth up to 1,300 megahertz (MHz) and allocate the parts [...]
INCHEON, Jan. 18 (Korea Bizwire) – BAIC Motor Corp.’s Kenbo 600 made its debut in South Korea on Wednesday, becoming the first Chinese passenger vehicle to be sold here. The SUV is marketed as the S6 in China, and it is imported and distributed here via the China-Korea Motor Co. The biggest strongpoint of the [...]
SEOUL, Jan. 18 (Korea Bizwire) – There’s a popular myth that taking 10,000 steps every day can help maintain a healthy life. The idea was once so popular in Korea that it even brought about the saying that “with 10,000 steps a day, you will have both health and longevity without the need of medication.” [...]
SEOUL, Jan. 18 (Korea Bizwire) – The total number of EVs registered by the government surpassed 10,000 in 2016, setting a new milestone and taking another step forward towards a greener automotive industry. According to the Ministry of Land, Infrastructure and Transport, there were 10,855 electric vehicles officially registered as of the end of last [...]
SEOUL, Jan. 18 (Korea Bizwire) – Korea’s big three telecommunication companies – SK Telecom, KT Corp., and LG Uplus – are set to wage battle over the next big thing in the tech industry – artificial intelligence. SK Telecom began its AI endeavor with NUGU, an AI speaker that connects with smartphones to carry out [...]
SEOUL, Jan. 18 (Korea Bizwire) – Starting in April, South Korea will check information on inbound air passengers to sort out potential terrorists, officials said Wednesday, as Seoul seeks to beef up security ahead of major sporting events amid growing military threats from North Korea. The government also decided to establish a system that would [...]
SEOUL, Jan. 18 (Korea Bizwire) – South Korea will establish a 3.5 trillion won (US$2.9 billion) fund to nurture startups and venture firms in the science and technology sectors to secure new growth engines, the science ministry said Wednesday. Under the comprehensive plan announced by the Ministry of Science, ICT and Future Planning, the fund [...]
SEOUL, Jan. 18 (Korea Bizwire) – The average sales price of LG Electronics Inc.’s smartphones is about one-fifth that of Apple Inc.’s iPhones, industry data showed Wednesday, underlining LG’s difficulty in reviving its loss-making smartphone business. According to a survey of 12 LG smartphones sold at KT Corp.’s online store, the average sales price of [...]
SEOUL, Jan. 18 (Korea Bizwire) – Department stores are counting more on their top-spending VIP customers to keep their businesses going, sales figures indicated Wednesday, as consumption drops across all consumer segments due to the slowing economy. Retail statistics showed that a handful of high spenders continue to account for approximately 20 percent of total [...]