SEOUL, Dec. 27 (Korea Bizwire) – The proportion of Vietnamese among foreigners residing in South Korea was higher than Americans for the second straight month in November due to an increase in the number of women from the Southeast Asian country getting married with South Korean men, government data showed Tuesday. The immigration office under [...]
SEOUL, Dec. 27 (Korea Bizwire) – Samsung Electronics Co. retained its No. 2 spot in a global ranking for industrial research and development spending for the third consecutive year, a survey by the European Commission’s Economics of Industrial Research and Innovation showed Tuesday. According to the annual survey, 75 South Korean firms were among the [...]
SEOUL, Dec. 27 (Korea Bizwire) – South Korea’s top three shipbuilders are expected to suffer from tough business conditions in 2017 with their orders likely to reach levels similar to this year, industry sources said Tuesday. In the face of a global vessel glut and fiercer competition from Chinese rivals, the three shipyards — Hyundai [...]
SEOUL, Dec. 26 (Korea Bizwire) – The Ministry of Environment announced Monday a revision to the Clean Air Conservation Act in an effort to improve the country’s legal framework and toughen penalties in the case of a “second” VW emissions scandal that may arise in the future. To begin with, the revision will allow the [...]
SEOUL, Dec. 26 (Korea Bizwire) – Samsung Electronics said Monday that it will present some of its more successful items from its “Creative Lab” projects at the 2017 Consumer Electronics Show coming to Las Vegas next month. The Creative Lab, or C-Lab, is Samsung’s in-house incubation platform that offers Samsung employees the opportunity to turn [...]
SEOUL, Dec. 26 (Korea Bizwire) – A new “thermometer of love” tower was erected on Monday in Gwangjin District, Seoul, to promote the district’s charity efforts for this winter. The seven-meter-tall tower is one of many similar versions installed across the country, usually at the end and the beginning of the year, to promote healthy [...]
TONGYEONG, South Korea, Dec. 26 (Korea Bizwire) – A smartphone-based fishing ground management system has become the next big thing for fish farm owners in Tongyeong, a coastal city in South Gyeongsang Province. According to the city government, the system was first introduced to local fish farmers in January of this year, and has so [...]
SEOUL, Dec. 26 (Korea Bizwire) – Foreign tourists arrivals in South Korea are expected to surpass a record high of 17 million people this year on the back of a sharp increase in Chinese tourists, the Ministry of Culture, Sports and Tourism said Monday. The number of foreign tourists to South Korea fell 6.8 percent [...]
SEJONG, Dec. 26 (Korea Bizwire) – Autonomous vehicles approved for temporary operation in Korea have so far proven safe, after nine months of road testing. According to the Ministry of Land, Infrastructure and Transport on Monday, the 11 self-driving cars – from Hyundai Motor, Kia Motors, Hyundai Mobis, Seoul National University, Hanyang University, and the [...]
SEOUL, Dec. 26 (Korea Bizwire) – South Korean exports and output of organic light emitting diode (OLED) display panels are expected to rise next year, thanks to a strong demand for smartphones and high-definition televisions, a report showed Monday. Citing data from market researcher IHS, the report by the Institute for Information & Communications Technology [...]