SEJONG, Jan. 31 (Korea Bizwire) – The number of stay-at-home fathers in South Korea hit a six-year high in 2016 amid rising female employment and the tightened job market, government data showed Tuesday. A total of 161,000 men took on the caretaking and homemaking role in a family last year, marking the largest since 2010, [...]
SEOUL, Jan. 31 (Korea Bizwire) – Defense chiefs of South Korea and the United States on Tuesday reaffirmed the planned deployment of an advanced missile defense system this year to counter growing threats from North Korea. Defense Minister Han Min-koo and U.S. Defense Secretary James Mattis talked over the phone to confirm that the Terminal [...]
SEOUL, Jan. 31 (Korea Bizwire) – LG Electronics Inc. was more profitable than Samsung Electronics Co. in the home appliance business in 2016 despite a gap in their overall revenue, industry data showed Tuesday. LG’s home entertainment, home appliance and air solution divisions chalked up an operating profit of 2.57 trillion won (US$2.19 billion) on [...]
SEOUL, Jan. 31 (Korea Bizwire) – South Korea’s IT industry is expected to bask in robust business performance this year, while automakers and shipbuilders face tougher conditions, a report showed Tuesday. According to the report compiled by the Korea Chamber of Commerce and Industry (KCCI), most sectors are faced with uncertainties at home and abroad, [...]
SEOUL, Jan. 26 (Korea Bizwire) – Samgyetang, Korean chicken soup cooked with ginseng, started gaining popularity in China through trendy Korean television series. It took roughly ten years before the South Korean government successfully started exporting the dish in June of last year, when the first shipment to China departed. But the achievement was short [...]
SEOUL, Jan. 26 (Korea Bizwire) – It’s better late than never. Korea has finally taken its first step towards developing its own version of AlphaGo, a Google DeepMind AI program that shocked the global Go community last year by beating Lee Sedol, a South Korean professional Go player. The Korea Baduk Association hosted its first [...]
SEOUL, Jan. 26 (Korea Bizwire) – South Korea’s No. 2 carmaker Kia Motors Corp. said Thursday its net profit dropped sharply from a year earlier in the fourth quarter. Net profit came to 320 billion won (US$276.3 million) in the October-December period, down 25.7 percent from the same period a year earlier, the company said [...]
SEOUL, Jan. 25 (Korea Bizwire) – South Korea and Fiji agreed to promote bilateral military exchanges during their first defense ministers’ talks in Seoul on Wednesday. Defense Minister Han Min-koo and his Fijian counterpart Ratu Inoke Kubuabola signed an memorandum of understanding to pave the way for defense cooperation, the Ministry of National Defense said. [...]
SEOUL, Jan. 25 (Korea Bizwire) – It is long overdue. Six months after its global launch, Niantic’s Pokémon Go has finally come to South Korea. The augmented reality game kicked off with a good start. Local videogame stocks soared Tuesday over market anticipation, and social networking services were rampant with thrills and excitement. App analytics [...]
SEOUL, Jan. 25 (Korea Bizwire) – Local tech giant Kakao gave a little peak at the future of its flagship messenger Kakao Talk, suggesting that it will incorporate artificial intelligence to serve as a personal assistant. “Kakao Talk will resemble a personal assistant who understands the user best and can assist in every endeavor,” wrote [...]