SEOUL, Feb. 21 (Korea Bizwire) – Kakao, the corporation behind the eponymous messaging service Kakao Talk, has created a translation service that can handle both informal and formal Korean input, the first of its kind developed in South Korea. Formal or polite Korean is referred to as “jondetmal” or “nopimmal” and is employed when addressing [...]
SEJONG, Feb. 21 (Korea Bizwire) – Starting next month, it will be possible to make currency swaps for up to $1,000 and $2,000 via automated kiosks and online services operated by fintech firms. The government announced on Tuesday that it had been working on modifications to foreign currency exchange regulations which it expects to go [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korean biopharmaceutical firm Celltrion Inc.’s biosimilar drug Truxima will reach the Colombian market, the company’s affiliate said Wednesday. Global drug firm Mundi Pharma Inc. won exclusive rights to distribute and market the copy of Roche’s blockbuster medicine, also known as MabThera, in the South American country, Celltrion Healthcare [...]
SEOUL, Feb. 21 (Korea Bizwire) — The foreign ministry on Wednesday admitted that a controversial part of a 2014 agreement to share costs for United States forces stationed in South Korea was omitted from its report to the National Assembly for ratification. The ministry’s recent review of the agreement found that its implementation arrangement, under [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korea’s seafood imports rose 10.5 percent in 2017 from a year earlier on growing appetite for foreign shrimp and salmon, the maritime ministry said Wednesday. South Korea imported US$5.14 billion worth of seafood last year, with the total volume hitting 1.48 million tons, according to the Ministry of [...]
SEOUL, Feb. 21 (Korea Bizwire) — Overseas credit-card spending by South Koreans moved up 19.7 percent on-year in 2017 due to a rise in the number of people going overseas, the central bank said Wednesday. Last year, overseas credit-card spending amounted to US$17.11 billion, compared with $14.3 billion in 2016, according to the Bank of [...]
ULSAN, Feb. 21 (Korea Bizwire) – A research team at South Korea’s UNIST has developed a new type of lithium-ion battery that can be printed, bent, cut and even put through flames without leaving it worse for wear. The technology has been named the “flexible/shape-versatile bipolar all-solid state lithium-ion battery” by its creators. According to [...]
SEOUL, Feb. 21 (Korea Bizwire) – In a fact-finding study conducted from December through January by the Korean Nurses Association, 69.5 percent of the 7,275 nurses interviewed said they had experienced human rights violations from employment law infractions at work. Nurses frequently reported being coerced into carrying out duties they did not feel comfortable with [...]
ANSAN, Feb. 20 (Korea Bizwire) – South Korea’s oldest independent circus is teaming up with AI-integrated robot arms to put on an experimental show. The Seoul Institute of the Arts announced February 19 that a performance titled “Club Oneness” will be staged at its Ansan Campus on February 22 and 23. Including two robot arms, [...]
SEOUL, Feb. 20 (Korea Bizwire) – Numbering around 200 members in total, cheerleading teams from eight different countries are participating in a cheerleading event as part of the PyeongChang 2018 Winter Olympics. From February 19 through 25, the eight delegations will take turns putting on performances throughout Gangneung and Pyeongchang. In between performances, cheerleading team [...]