SEOUL, March 15 (Korea Bizwire) – Hyundai Heavy Industries Co., a major shipyard here, said Wednesday that its shipbuilding-related sales will rise 30 percent by 2021 after its key business units are spun off, with each separated unit also expected to post robust growth. In a session to explain its corporate spin-off scheme, Hyundai Heavy [...]
SEOUL, March 15 (Korea Bizwire) – South Korea’s automobile production surged in February amid strong demand for eco-friendly and luxury vehicles both at home and abroad, government data showed Wednesday. Automobile output rose 9.8 percent to 336,032 units last month from a year earlier, according to statistics released by the Ministry of Trade, Industry and [...]
SEOUL, March 15 (Korea Bizwire) – A South Korea-Chinese film co-production project starring Korean actor Ha Jung-woo has been canceled apparently in the fallout from China’s anger over the planned deployment of a U.S. missile defense system known as THAAD in South Korea, the actor’s talent agency said Wednesday. “Ha was scheduled to film the [...]
SEJONG, March 15 (Korea Bizwire) – A recent study suggests that the South Korean government’s anti-smoking policies may need to be supplemented by diet and weight loss programs to better control weight gain, which sometimes follows smoking cessation. Researcher Choi Seng-eun at the Korea Institute of Public Finance, in a report on the effects of [...]
GWANGJU, South Korea, March 15 (Korea Bizwire) – A new condom machine exclusive to minors has been installed in front of an adult toy shop in Gwangju. For 100 won ($0.09), teenage customers can obtain two “vegan” (doesn’t contain animal products or components tested on animals) condoms. The idea was suggested by a social venture [...]
SEOUL, March 15 (Korea Bizwire) – DIY products are appealing to more and more South Korean consumers who have grown to seek individuality, and are now becoming popular in unconventional products like cosmetics or fashion items. Local cosmetics brand Etude House launched this month a lipstick product dubbed “Dear My Glass Tinting Lips-Talk” which comes [...]
BUSAN, March 15 (Korea Bizwire) – Still reeling from the Hanjin Shipping crisis, South Korea’s largest port is incorporating Internet of Things technology to transform into a high-tech logistics destination. In accordance with a MOU signed on Tuesday, Lotte Data Communication, with its IoT technology, and KL-NET, a port logistics IT company, will be developing [...]
BUSAN, March 15 (Korea Bizwire) – The USS Carl Vinson aircraft carrier on Wednesday arrived at South Korea’s southern port of Busan to participate in the ongoing joint exercises by Seoul and Washington in the latest show of force against North Korea, the U.S. military said. The nuclear-powered aircraft carrier plans to conduct bilateral exercises [...]
SEOUL, March 15 (Korea Bizwire) – Falling crude oil prices will likely boost petroleum and petrochemical products consumption in emerging economies that will benefit South Korea’s refiners, industry sources said Wednesday. Benchmark West Texas Intermediate (WTI) ended at US$49.28 per barrel as of March 9, industry data showed. It is the first time since November [...]
SEOUL, March 15 (Korea Bizwire) – South Korean companies must be better prepared to protect their intellectual property (IP) rights, especially when doing business in China, a report said Wednesday, citing a recent rise in IP-related disputes in China. According to the report from the state-run Korea Trade-Investment Promotion Agency (KOTRA), the number of IP-related [...]