GOYANG, South Korea, March 31 (Korea Bizwire) – Making an appearance at an auto show for the first time, Naver, operator of Korea’s leading web portal, showcased its ambitious self-driving technology at the 2017 Seoul Motor Show. But it wasn’t the Naver autonomous vehicle that the tech giant was bragging about at the show, it [...]
SEOUL, March 31 (Korea Bizwire) – The Export-Import Bank of Korea, one of South Korea’s state-run policy banks, suffered a net loss of 1.46 trillion won (US$1.3 billion) last year, hit by higher provisions against its loans extended to the country’s ailing shipbuilding industry. It was the first time that the bank reported an annual [...]
SEOUL, March 31 (Korea Bizwire) – Those aged over 40 are the primary clients for handsets provided by low-cost mobile carriers, industry data showed Friday. The budget mobile carriers called “thrift phone operators” refer to mobile virtual network operators (MVNOs) that rent networks from the country’s three carriers: SK Telecom Co., KT Corp. and LG [...]
SEOUL, March 31 (Korea Bizwire) – South Korea on Friday strongly denounced Japan’s renewed claim to Korea’s easternmost islets in its latest education guidelines and demanded their immediate withdrawal. The Japanese government earlier decided to approve the revised guidelines that call for teaching students in elementary and middle schools that Dokdo belongs to Japan. The [...]
SEOUL, March 31 (Korea Bizwire) – Samsung Electronics Co. started a full-fledged marketing drive for its latest flagship smartphone, the Galaxy S8, in South Korea, industry watchers said Friday, ahead of the official release slated for April 21. Samsung already started displaying the Galaxy S8 and the Galaxy S8 Plus at its main shop located [...]
SEJONG, March 31 (Korea Bizwire) – South Korea’s industrial output jumped at the fastest pace in nearly four years in February, government data showed Friday. Production in the mining, manufacturing, gas and electricity industries moved up 6.6 percent last month from a year earlier, marking the highest on-year gain since January 2013, when it posted [...]
MOKPO, South Korea, March 30 (Korea Bizwire) – The southwestern port city of Mokpo is offering visitors a special experience on a traditional sailing ship called an onggi-bae. Wooden ships of this type operated until the 1980s off the south coast of the peninsula to transport various pottery items (onggi), which were essential household items [...]
DAEJEON, March 30 (Korea Bizwire) – Security and privacy concerns over UAVs are rising as quickly as the expansion of the drone industry. In January 2015, a drunk employee from a U.S. government intelligence agency crashed a drone on the White House lawn, while in April of the same year, a Japanese man was arrested [...]
SEOUL, March 30 (Korea Bizwire) – South Korean actor Lee Min-ho is the main presenter for MBC’s upcoming three-part documentary on the Demilitarized Zone (DMZ) – the 4-kilometer wide, 250-kilometer long no man’s land that divides the Korean Peninsula in two. Dubbed DMZ, The Wild, the production of the series took roughly two years. The 30-year-old [...]
SEOUL, March 30 (Korea Bizwire) – Generation Z, those aged from 13 to 24, were the biggest users of Google’s video streaming platform by a large margin compared to other age groups in South Korea, according to a recent study from Nielsen KoreanClick. In Nielsen’s study of mobile application use by generation, 86 percent of [...]