POHANG, Feb. 15 (Korea Bizwire) – Electricity generated from geothermal energy will soon be distributed to South Korean households for the first time in history. The electricity will come from Pohang, a city on the southeast coast of the Korean Peninsula, which has been making use of geothermal energy some four kilometers below the surface [...]
SEOUL, Feb. 15 (Korea Bizwire) – The Korea Institute of Machinery & Materials announced Wednesday that researchers have developed a new engraving technology, using lasers, to prevent counterfeit crimes of expensive goods such as high-end watches or gold. According to senior researcher Noh Ji-whan, by overlapping two separate laser beams, the team was able to [...]
SEOUL, Feb. 15 (Korea Bizwire) – Ssangyong Motor Co., a local unit of Indian carmaker Mahindra & Mahindra Ltd., said Wednesday that it swung to the black last year, posting a net profit for the first time in nine years. Net profit came to 58.1 billion won (US$50.9 million) in 2016, compared with a net [...]
SEOUL, Feb. 15 (Korea Bizwire) – IT solutions and services have become a popular go-to for Korean businesses struggling with stagnant growth, allowing them to cut operating costs while boosting productivity. Fuji Xerox Korea is one of the companies that offers such services. The company’s IT solutions focus on integrating multi-function devices with cloud computing, [...]
SEOUL, Feb. 15 (Korea Bizwire) – A study conducted by the Green Consumer Network in Korea and Democratic Party of Korea lawmaker Park Hong-keun revealed that 75.3 percent of South Korean adults (1,000 surveyed) feel burdened by their telecommunications expenses. One third of the respondents said their cell phone bills had increased under the current [...]
SEOUL, Feb. 15 (Korea Bizwire) – The results of a new study show that eight out of ten office workers were contacted for work-related duties outside of normal business hours. Although an amendment of the Labor Standards Act containing “the right to be disconnected” (the so-called Act on Prohibition of KakaoTalk chat after work), which [...]
SEOUL, Feb. 15 (Korea Bizwire) – The government has ruled that clear and objective expressions are mandatory for indicating and advertising products as being environment-friendly. The Ministry of Environment announced on February 14 that it will enact the “Notification on Management System of Indication and Advertisement about Environment Impact” and adopt the measure on February [...]
SEOUL, Feb. 15 (Korea Bizwire) – Police have arrested a man in his twenties for having abused a cat with boiling water and posting a video of the abuse on the Internet. Law enforcement officials from Seoul’s Bangbae district revealed on February 14 that the perpetrator identified only as A, age 25, was arrested on [...]
SEOUL, Feb. 15 (Korea Bizwire) – SK Telecom said Wednesday it successfully developed and demonstrated joint network slicing with its German and Swedish partners, a new means of connectivity based on 5G roaming that creates multiple virtual networks from a single physical network. Deutsche Telecom and Ericsson were the partners in the trial test of [...]
SEOUL, Feb. 15 (Korea Bizwire) – South Korea announced a package of measures Wednesday to utilize information and communications technology (ICT) and science technology to revitalize the country’s economy suffering from weak exports and flagging manufacturing sector. Under the measures discussed in a meeting presided over by Acting President and Prime Minister Hwang Kyo-ahn, the [...]