SEOUL, March 7 (Korea Bizwire) – One day after North Korea fired four ballistic missiles, its state-run news agency said Tuesday the country has conducted a missile launch exercise targeting U.S. military bases in Japan. The drill was conducted by Hwasong artillery units of its Strategic Force of the Korean People’s Army, “tasked to strike [...]
SEOUL, March 6 (Korea Bizwire) – The southern city of Gwangju will launch South Korea’s first hydrogen car sharing program, the government said Sunday. The environment ministry said the city 329 kilometers south of Seoul has been tapped as a testbed for the car-sharing endeavor, aimed at improving public awareness of the eco-friendly vehicles. An [...]
SEOUL, March 6 (Korea Bizwire) – South Korea’s credit card companies suffered a drop in their net profit last year on a sharp increase in marketing cost and loan loss expenses, data showed Monday. Eight standalone credit card firms here posted a total of 1.81 trillion won (US$1.5 billion) in net profit, down 9.9 percent [...]
SEOUL, March 6 (Korea Bizwire) – Stocks of major retailers and their affiliates with business ties to China continued to plunge Monday, as Beijing has intensified its measures against South Korea in what appears to be retaliation for the deployment of an advanced U.S. anti-missile battery. Lotte Shopping Co., a key unit of retail giant [...]
SEOUL, March 6 (Korea Bizwire) – Lockable refrigerators and special laundry cycles for local costumes, some of the unconventional product ideas tried by South Korea’s Dongbu Daewoo Electronics, have helped the company become a major hit in the Middle East, the firm’s officials said Sunday. The fridges with locks, launched in 1998, have sold 2 [...]
SEOUL, March 6 (Korea Bizwire) – Tesla Motors is set to open its first showrooms in Korea this week, where consumers will be able to test drive the S 90D – the first model available to Korean buyers. The company has been busy establishing the necessary infrastructure to accommodate potential customers. By June, at least [...]
SEOUL, March 6 (Korea Bizwire) – With China’s ban on Korean products intensifying over the THAAD conflict, plagiarism and unlicensed distribution of Korean television programs are becoming more common than usual. According to local sources, three of China’s major video streaming websites – Tencent, Youku, and iQiyi – deleted all 2017 episodes of South Korean [...]
SEOUL, March 6 (Korea Bizwire) – Rental services, which in the past were typically limited to water purifiers or bidets in South Korea, are rapidly embracing other products. According to big data analysis firm Daumsoft, online mentions of “rental service” on blogs and Twitter more than doubled over the past three years from 75,300 in [...]
SEOUL, March 6 (Korea Bizwire) – Hundreds of cyclists gathered at the Bugak Skyway Palgakjeon Pavilion on Sunday to pray for another year of safe riding, with their gear and bicycles laid down and lined-up, covering the entire vicinity of the pavilion. The annual ritual was organized by local clubs and societies for bike riders, [...]
SEOUL, March 6 (Korea Bizwire) – South Korea will soon come up with measures to promote its leadership in the global market for drones, the government said Monday, also announcing plans to host a conference toward that end. The one-day conference on drones will be held Friday in Seoul, involving hundreds of government officials and [...]