SEOUL, Jan. 16 (Korea Bizwire) – KT Corp. opened Monday GiGA VR Experience Zones at KT Square in Gwanghwamun and the Hologram Performance Hall at Lotte FitIn Dongdaemun. Each of the zones offer three types of VR experiences. The first is VR Rolling Sky, a moving ride that explores tourist attractions in Seoul and Pyeongchang [...]
SEOUL, Jan. 16 (Korea Bizwire) – Mercedes-Benz will launch six new vehicle models in South Korea this year while expanding local dealerships and service centers as part of efforts to further increase its market presence here, head of the company’s local unit said Monday. Dimitris Psillakis, CEO of Mercedes-Benz Korea, said the company planned to [...]
SEOUL, Jan. 16 (Korea Bizwire) – South Korea will expand investments to secure a new growth strategy to cope with the fast-paced industrial transformation, dubbed the fourth industrial revolution, the science minister said Monday. The remarks were made during a meeting between officials of the Ministry of Science, ICT and Future Planning, and executives of [...]
SEOUL, Jan. 16 (Korea Bizwire) – The special team of prosecutors probing the corruption scandal surrounding President Park Geun-hye has requested an arrest warrant for Lee Jae-yong, the vice chairman and de facto leader of Samsung Group, on charges of bribery, embezzlement, and perjury. This marks the first time that officials have issued a warrant [...]
SEOUL, Jan. 16 (Korea Bizwire) – Despite the increasing number of certified public accountants in Korea, the number of CPAs at accounting firms continues to decrease gradually. According to the Korean Institute of Certified Public Accountants, the number of CPAs at accounting firms was at 10,100 at the end of last year, accounting for 52.9 [...]
CHEONGJU, South Korea, Jan. 16 (Korea Bizwire) – For the first time in the 13 years since 2004, a South Korean court has ruled that a reservist who said no to reserve training is innocent. Judge Lee Hyung-gul from the Cheongju District Court ruled Sunday that a 34-year-old man identified as Yoo was innocent of [...]
SEOUL, Jan. 16 (Korea Bizwire) – Global Automotive 2016 Color Popularity Report by Axalta, a coating company, revealed that 33 percent of cars sold in Korea in 2016 were either solid white or pearl white. Although this was a drop from 36 percent in 2015, white was still the most popular color for vehicle purchases [...]
SEJONG, Jan. 16 (Korea Bizwire) – The glitz of show business isn’t the same for everyone in the industry, where earnings are heavily imbalanced between A-listers and those who are not, income tax filings for 2015 showed Monday. A total of 15,423 people, whose reported jobs were actors and actresses, reported an annual income that [...]
SEOUL, Jan. 16 (Korea Bizwire) – The United States sold more than 36 trillion won (US$30.58 billion) worth of weapons to South Korea over the past decade, government data showed Sunday, the latest sign underscoring Seoul’s heavy reliance on its key ally for defense. For 10 years through October 2016, South Korea purchased U.S. weapons [...]
SEOUL, Jan. 16 (Korea Bizwire) – South Korea plans to install unmanned vigilance equipment at major military posts to complement surveillance soldiers in line with an expected reduction in the troop numbers, the state defense acquisition agency said Monday. The military will gradually put up high-definition security cameras and attach infiltration detection equipment to barbed [...]