SEJONG, Feb. 14 (Korea Bizwire) – Korean vehicle classification, which previously fell into categories such as small, medium or full-sized according to engine displacement and size, will undergo changes for the first time in 30 years. Technological advancements have brought new and diverse cars into the market, such as eco-friendly cars and micro compact cars, [...]
SEOUL, Feb. 14 (Korea Bizwire) – Doosan’s ‘We’ve the Zenith’ in Haeundae, Busan, which has been recognized as the tallest building in Korea since construction was completed in 2011, will soon be handing over the title to the Lotte World Tower in Jamsil, Seoul. As of the end of last year, the tallest among completely [...]
SEOUL, Feb. 14 (Korea Bizwire) – The Korean government has announced that it will prepare a new compensation system with the expected commercialization of autonomous cars in 2020, attracting much attention on how authorities will decide who will be liable for car accidents. According to a February 13 statement from the Ministry of Land, Infrastructure, [...]
SEOUL, Feb. 14 (Korea Bizwire) – Despite the ballooning volume of e-commerce, deficits for online shopping malls are also bloating with even a rough estimate pointing to over 1 trillion won (US$876.88 million) last year, industry officials said Tuesday. Industry records showed the country’s three leading social commerce sites — Coupang, Ticket Monster and WeMakePrice [...]
SEJONG, Feb. 14 (Korea Bizwire) – South Korea’s home transactions dropped more than 6 percent from a year earlier last month, government data showed Tuesday, as investors stayed cautious amid growing uncertainties at home and abroad. The number of home transactions came to 58,539 in January, down 6.1 percent from the same month in 2016, [...]
SEOUL, Feb. 14 (Korea Bizwire) – South Korea’s spy agency said Tuesday the latest missile launched by Pyongyang that reached a top speed of Mach 8.5 is capable of flying more than 2,000 kilometers. During the meeting with the National Assembly’s Intelligence Committee, the National Intelligence Service (NIS) said the missile was launched at a [...]
SEOUL, Feb. 14 (Korea Bizwire) – South Korean telecommunications company KT Corp. announced Tuesday that it had signed a memorandum of understanding with M3DICINE to incorporate KT’s digital health solutions with the Australian company’s mobile stethoscope as part of a global healthcare project. Founded in 2015, M3DICINE is planning the commercial launch of Stethee, a [...]
SEOUL, Feb. 14 (Korea Bizwire) – Subcontractors that provided the metal body for LG’s G5 smartphones criticized the electronics company on Monday, arguing that LG’s initial design failure for the products ultimately left them holding the short end of the stick. A temporary committee formed by a dozen secondary subcontractors, who demanded that LG swiftly [...]
SEOUL, Feb. 14 (Korea Bizwire) – In a new addition to the list of unique convenience stores in South Korea, Shinsegae’s convenience store franchise With Me opened Monday a new outlet at the Seoul Arts Center with classical music as its main theme. The 79-square-meter store is With Me’s 1,830th outlet. It has a fan-shaped [...]
SEOUL, Feb. 14 (Korea Bizwire) – The Pokémon GO frenzy is finally subsiding. Mobile app analytics company WiseApp said Monday that an estimated 6.43 million South Korean Android users played the augmented reality game in the second week of February, from February 6 to 12, which is still impressive, but a drop from 6.95 million [...]