SEOUL, Dec. 21 (Korea Bizwire) – With South Korea struggling to contain a record-breaking bird flu outbreak that has so far led to the culling of close to 20 million poultry, it may be only a matter of time until the country suffers a critical egg crisis. Lotte Mart, a discount store chain, began limiting [...]
SEOUL, Dec. 21 (Korea Bizwire) – South Korea’s arms procurement agency said Wednesday it has placed an order to build two 2,800 ton frigates ahead of schedule to support the ailing local shipbuilding industry. The Defense Acquisition Program Administration (DAPA) said it signed a contract worth 700 billion won (US$585.6 million) with Hyundai Heavy & [...]
SEOUL, Dec. 21 (Korea Bizwire) – South Korea’s health authorities and one of the nation’s three mobile carriers launched a collaboration on Wednesday to monitor and further prevent the spread of infectious diseases. Under an agreement between the Korea Centers for Disease Control and Prevention (KCDC) and LG Uplus Co., the authorities will provide information [...]
SEOUL, Dec. 21, 2016 (Korea Bizwire) ― To advance the functionality of today’s home appliances to a whole new level, LG Electronics (LG) is set to deliver an unparalleled level of performance and convenience into the home with deep learning technology to be unveiled at CES 2017. LG deep learning will allow home appliances to better understand their users [...]
SEOUL, Dec. 21 (Korea Bizwire) – False health insurance claims in South Korea are expected to flirt with 600 billion won this year despite a crackdown on scammers, data showed Wednesday. According to the data by the National Health Insurance Service, medical providers’ false and unfair insurance claims came to 545 billion won (US$456 million) [...]
SEOUL, Dec. 21 (Korea Bizwire) – Special prosecutors raided the state-run pension service Wednesday to investigate whether President Park Geun-hye and her confidant influenced its dubious support for the merger of Samsung Group’s two units last year. The team led by independent counsel Park Young-soo officially began its investigation into the influence-peddling scandal involving Park [...]
SEOUL, Dec. 21 (Korea Bizwire) – Ford Sales & Service Korea, the local importer and distributor of Ford vehicles, will recall certain model year Ford Explorer SUVs sold here for a problem related to the cars’ suspension, the transportation ministry said Wednesday. The recall affects 489 Explorer cars produced between Jan. 17 and May 31 [...]
SEOUL, Dec. 20 (Korea Bizwire) – The unrelenting avian influenza virus, which has so far resulted in the culling of almost 20 million poultry, has even spread to Korean animal welfare-certified farms – farms that breed animals in larger open spaces or make use of organic feed – causing greater concerns over the biggest AI [...]
GIMHAE, South Korea, Dec. 20 (Korea Bizwire) – A handful of buses operating in the Gimhae area, South Gyeongsang Province, have been festooned with Christmas decor, and 20 bus drivers have donned Santa Claus costumes. This special event was held for the first time in 2006 by local bus operators, and has since become a [...]
SEOUL, Dec. 20 (Korea Bizwire) – The media poles installed along Gangnam’s main thoroughfare now have more to offer than just tourist information. Starting Monday, the 570-meter street (from Gangnam Station to Sinnonhyeon Station) was highlighted by colorful laser beams darting out from the top of the newly-renovated poles, every day, on the hour for [...]