SEOUL, Feb. 20 (Korea Bizwire) – A study by the Institute for Information & Communications Technology Promotion revealed Monday that 51 connected car companies in Korea spend a disappointing average of 980 million won ($854,148) on research and development each year. The figure is 2.7 percent of average sales revenue estimated at 36.37 billion won, [...]
SEOUL, Feb. 20 (Korea Bizwire) – Following criticism of recurrent foot-and-mouth disease outbreaks in South Korea, the Ministry of Agriculture, Food and Rural Affairs announced Sunday that it will introduce a pilot project for a mutual aid system that will function much like a health insurance policy for cattle. The “premiums” will be split fifty-fifty [...]
SEOUL, Feb. 20 (Korea Bizwire) – South Korea’s defense chief said Monday that North Korea’s alleged assassination of its leader Kim Jong-un’s half brother appears to be part of Pyongyang’s move to remove any potential challengers to Kim’s power and forestall any outside attempt to overthrow its regime. “The murder of Kim Jong-nam by the [...]
SEOUL, Feb. 20 (Korea Bizwire) – Incheon International Airport, South Korea’s main gateway, saw its record number of daily passengers renewed this week, airport officials said Monday, with a large number of spring vacation travelers. The number of passengers arriving at and departing from the airport reached 200,868 on Sunday, the highest daily tally since [...]
SEOUL, Feb. 20 (Korea Bizwire) – Global steelmaker POSCO said Monday that its output of advanced electrical steel for motors will double following the construction of its new facility. The company said its capacity for hyper non-oriented electrical steel has come to 160,000 tons per year following the construction of its latest production facility in [...]
DAEGU, Feb. 20 (Korea Bizwire) – North Gyeongsang Province recently teamed up with Jeski Social Campaign, an advertising firm, to come up with new public service ads refuting Japan’s latest claims to Dokdo, a group of small Korean islets that have been long contested by Japan. The posters revealed Sunday show gruesome photographs depicting Japanese [...]
GANGNEUNG, South Korea, Feb. 20 (Korea Bizwire) – With less than a year left before the PyeongChang 2018 Winter Olympics, officials have unveiled a handful of cutting-edge ICT (information and communications technology) innovations that will be implemented at the games. KT Corp. the official telecommunications partner for the Olympic games, introduced an augmented reality navigation [...]
SEOUL, Feb. 20 (Korea Bizwire) – A new report has once again highlighted Naver’s dominant position in South Korea in terms of advertising revenue. MezzoMedia, a digital marketing agency, categorized revenue into three types – PC display ads (DA), mobile display ads, and video ads. For PC DA, which mainly include online banners, Naver outperformed [...]
SEOUL, Feb. 20 (Korea Bizwire) – Less than one in five South Korean manufacturers of medical supplies and equipment said they plan to increase new research and development (R&D) jobs, a survey showed Monday, despite the government’s push to become a global biotech and medical industry hub. According to the survey by the Korea Medical [...]
SEOUL, Feb. 20 (Korea Bizwire) – South Korea’s top Internet portal operator Naver on Monday became the last to join a race here for the development of self-driving cars after gaining government permission for a road test of its autonomous vehicle. The Ministry of Land, Infrastructure and Transport said it has issued a license for [...]