SEOUL, Dec. 7 (Korea Bizwire) – The Ministry of Defense is teaming up with the Ministry of Science, ICT and Future Planning for a big data research project that will make use of the medical information of 600,000 South Korean military personnel. Dubbed the “Military Personnel Medical Information Big Data Study”, the three-year project taking [...]
DAEJEON, Dec. 7 (Korea Bizwire) – Wet wipes are a convenient go-to for cleaning, as simple hand wipes, for babies, or for other housework. But at the same time, they’re the subject of environmental and health concerns, with a large majority of the products using non-biodegradable materials and toxic chemicals. According to the Korea Intellectual [...]
SEJONG, Dec. 7 (Korea Bizwire) – Audi Volkswagen Korea, the local unit of the German automaker, was slapped with a record 37.3 billion-won (US$31.9 million) fine for making false advertisements on its cars to cover up its fabricated emissions results, the corporate watchdog said Wednesday. The company had advertised on- and offline that its models [...]
SEOUL, Dec. 7 (Korea Bizwire) – With a parliamentary vote to impeach President Park Geun-hye two days away, the glare of investor attention is focused on its outcome with a rejection more likely to increase stock market volatility than a passage, analysts said Wednesday. Opposition parties and some ruling party lawmakers are slated to put [...]
SEOUL, Dec. 7 (Korea Bizwire) – Military investigators looking into the first hacking of South Korea’s cyber command intranet said Wednesday the suspected North Korean attackers accessed the network through a server at the armed forces’ main information center. The findings raised concerns that confidential information may have been compromised as the affected server is [...]
SEOUL, Dec. 7 (Korea Bizwire) – Sales of Korean beef have decreased as consumers prefer cheaper imported beef with the implementation of an anti-graft law, industry data showed Wednesday. E-Mart, the No. 1 discount store chain operated by Shinsegae, said sales of Korean beef came to 11.1 billion won (US$94.7 million) in November, down 25.5 [...]
SEOUL, Dec. 7 (Korea Bizwire) – Hyundai Merchant Marine Co., a major shipping line here, has started its final talks to join a global shipping alliance to survive the cutthroat competition in the global shipping sector. According to the sources, the shipper’s negotiation team began the talks in Copenhagen with 2M Alliance, the world’s largest [...]
SEOUL, Dec. 7 (Korea Bizwire) – The turnaround in South Korea’s exports is expected to continue at a steady pace next year, helped by moderate growth in the world economy, according to forecasts by foreign investment banks on Wednesday. Solid growth in emerging markets and a sustained rise in commodity prices are likely to increase [...]
SEOUL, Dec. 7 (Korea Bizwire) – South Korean exporters are bracing for growing protectionism as foreign countries are struggling to shield their local industries from a prolonged economic slowdown and surge in foreign imports, industry data showed Wednesday. According to the data compiled by the Korea International Trade Association (KITA), a total of 132 anti-dumping [...]
SEOUL, Dec. 6 (Korea Bizwire) – Korean auto parts makers are growing more active overseas, backed by factors ranging from personnel costs to the possible global protectionism that may be triggered by U.S. president-elect Donald Trump in line with his election pledges. Castec Korea, a manufacturer of automobile components that supplies parts to global automakers [...]