SEOUL, April 7 (Korea Bizwire) – Hyundai Motor Co. and its affiliate Kia Motors Corp. will recall potentially faulty engines of more than 170,000 vehicles from late next month to ensure the safety of their customers, the transport ministry and the companies said Friday. Hyundai and Kia, South Korea’s two biggest carmakers, will voluntarily begin [...]
SEOUL, April 7 (Korea Bizwire) – Samsung Electronics Co. predicted Friday that its first-quarter operating profit for this year advanced 48.2 percent on-year, apparently helped by the robust performance of its chip business. Operating profit is estimated at 9.9 trillion won (US$8.76 billion) in the January-March period, compared with 6.68 trillion won posted a year [...]
SEOUL, April 6 (Korea Bizwire) – The National Institute of Ecology has introduced an augmented reality-based selfie feature to its park experience for a little extra fun for visitors. According to officials, visitors can use an AR object recognition app, circusAR, and direct the camera at the ticket to have 15 animal graphics pop up [...]
SEOUL, April 6 (Korea Bizwire) – Seeking stability amid stiff job competition and a prolonged economic downturn, the number of test takers for civil service jobs is skyrocketing. In 2016, there were 257,000 young Koreans (aged 15 to 29) preparing for public service examinations, up by 38.9 percent from 185,000 in 2015, and accounting for [...]
BUSAN, April 6 (Korea Bizwire) – The Busan Metropolitan Government is spearheading a campaign that guides subway and public bus riders to wear their backpacks on their front instead of their back – not to prevent pickpocketing, but as proper etiquette to avoid bumping other passengers. There has been a growing chorus of criticism among [...]
SEOUL, April 6 (Korea Bizwire) – Five new projects from Samsung Electronics’ incubation program, C-Lab, will soon launch as startups, the tech giant announced on Wednesday. Bebefit is a smart baby carrier that makes it easier for parents to carry their children, with a “convertible hipseat” structure that allows the wearer to adjust the center [...]
SEJONG, April 6 (Korea Bizwire) – The South Korean economy has been seeing a modest recovery in recent months on the back of improvement in investment and exports, a state-run think tank said Thursday. “The Korean economy continued to grow at a moderate pace on improving investment and exports,” the Korea Development Institute (KDI) said [...]
SEOUL, April 6 (Korea Bizwire) – Seoul’s government said Thursday it will financially reward motorists for reducing their driving mileage, staring this month, as part of efforts to fight fine dust pollution and greenhouse gas emissions. According to the Seoul Metropolitan Government, the city’s motorists will be paid a maximum of 70,000 won (US$62) if [...]
SEOUL, April 6 (Korea Bizwire) – Samsung SDS Co., an IT arm of South Korea’s top conglomerate Samsung, announced Thursday it will begin full-fledged steps to tap the blockchain industry, which has been emerging as one of the key technologies for new growth engines. Samsung SDS announced it has developed “Nexledger,” a blockchain platform developed [...]
SEOUL, April 6 (Korea Bizwire) – South Korea has successfully test-launched a new 800-kilometer range ballistic missile that can reach anywhere in North Korea, defense sources said Thursday. It could send another strong warning message to North Korea, which is continuing its nuclear and missile development in violation of U.N. Security Council resolutions, they said. [...]