SEOUL, May 16 (Korea Bizwire) – Rolls-Royce Motor Cars unveiled on Monday two custom-made, South Korea-themed models, celebrating the past 13 years of its operation on the peninsula. Introducing the cars at the British Embassy in Seoul, the Bespoke Collection for Korea was inspired by two South Korean cities – Seoul and Busan – incorporating [...]
SEOUL, May 16 (Korea Bizwire) – South Korea’s state-run cybersecurity agency said Tuesday 10 companies have been struck by the crippling ransomware “WannaCry” so far, which has been emerging as one of the biggest threats to global cybersecurity. Ransomware refers to malware that locks up files on a computer with encryption until the victims pay [...]
SEOUL, May 16 (Korea Bizwire) – A South Korean importer has been arrested for selling American lobsters under a Canadian label for two and a half years, the South Regional Headquarters of the Korea Coast Guard said Tuesday. The importer, identified only as 53-year-old Kim, is accused of importing 18 tons of American lobsters worth [...]
SEOUL, May 16 (Korea Bizwire) – Hyundai Mobis Co., an auto parts affiliate of Hyundai Motor Group, said Tuesday it will open its first domestic proving ground starting in June to test auto parts and related technologies. The country’s biggest auto parts maker by sales invested about 300 billion won (US$268 million) in the past [...]
SEOUL, May 16 (Korea Bizwire) – The number of foreigners residing in South Korea has been rising at a fast clip over the past decade, with their tax payments rising more than fourfold, government data showed Tuesday. Foreign residents in the country numbered 1.89 million in 2015, 2.5 times the 747,000 recorded 10 years earlier, [...]
SEOUL, May 16 (Korea Bizwire) – “Okja,” South Korean director Bong Joon-ho’s follow-up to smash-hit “Snowpiercer,” will be released in Korean theaters on June 29 for an open run, its American investor and local distributor said on Monday. “Okja will be available on Netflix in 190 countries on June 28 in the U.S., but actually [...]
SEOUL, May 16 (Korea Bizwire) – Global sales of the Galaxy S8 smartphones reached 5 million units in less than a month after their official release, Samsung Electronics Co. said Tuesday, casting a brighter outlook over its mobile business for 2017. “Although we cannot provide a detailed figure, the sales are going smoothly around the [...]
SEOUL, May 16 (Korea Bizwire) – It’s no secret that alcohol has a special place in South Korea’s societal culture. It’s often consumed heavily both in good and in bad times, and also a large intake is often considered a virtue among the workplace buddy culture, especially among men. As a recent anecdote, when Moon [...]
SEOUL, May 15 (Korea Bizwire) – LG Electronics has partnered with Vietnam’s leading state-run broadcaster, HTV7, to market its premium line-up of home appliances through a local entertainment program. According to the company, the show titled Smart Wives premieres on May 16, to be aired for the next thirteen weeks. In the show, two local [...]
DAEJEON, May 15 (Korea Bizwire) – Last year, South Korea lawmakers revised legislation related to vehicle parts standards, permitting cars to have their traditional wing mirrors replaced with camera monitoring systems. These so-called mirrorless cars are the imminent future of the automotive industry, and they’re much safer than conventional side view mirrors, offering a wider [...]