SEOUL, Feb. 20 (Korea Bizwire) — South Korea’s defense ministry affirmed Tuesday that the country’s troops will conduct combined command-post drills with the United States this year despite Olympics-driven rapprochement with North Korea. The allies will hold the Key Resolve (KR) and the Ulchi Freedom Guardian (UFG) exercises in order to develop their so-called 4D [...]
SEOUL, Feb. 20 (Korea Bizwire) — Digital inequality between people living in rural areas, as well as those aged 55 and older, and the general population improved last year, a report showed Tuesday. According to the report by the Ministry of Science and ICT and the National Information Society Agency, the level of online information [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korean telecom giant KT Corp. said Tuesday it will open the first virtual reality (VR) theme park in Seoul, with the aim of becoming a leader in the burgeoning sector. VRIGHT — located in Sinchon, western Seoul — will open its doors to the public in early March [...]
SEOUL, Feb. 20 (Korea Bizwire) — South Korea’s financial regulator said Tuesday the government will support “normal transactions” of cryptocurrencies, about three weeks after it banned their trading through anonymous bank accounts. The remarks by Choe Heung-sik, governor of the Financial Supervisory Service, were seen as being in stark contrast to the government’s previous stance [...]
SEOUL, Feb. 20 (Korea Bizwire) – The K-pop boy band Wanna One will release a new album next month, its management agency said Tuesday. YMC Entertainment said the 11-member project group recently finished filming a music video for its new song and that the album will come out on March 19. The band posted teaser [...]
PYEONGCHANG, South Korea, Feb. 20 (Korea Bizwire) — More than 90 percent of all tickets at the PyeongChang Winter Olympics have been sold, according to the organizing committee Saturday. “The rate of tickets sold has reached 92.8 percent, with 991,000 of the total 1,068,000 tickets at the Games sold,” Sung Baik-you, spokesperson for the PyeongChang [...]
SEOUL, Feb. 20 (Korea Bizwire) – First brought into the spotlight thanks to last year’s global hit Pokémon GO, in only a year augmented reality games have gone from hero to zero. Mainstream interest has quickly cooled, as AR games released since have failed to captivate the public’s attention. According to gaming industry sources, a [...]
SEOUL, Feb. 20 (Korea Bizwire) – Last year, South Koreans trusted government more and businesses less compared to the year prior, while level of trust in the media and NGOs remained nearly unchanged. In total, South Korea’s trust levels in the four sectors of society rose by 23 percentage points from 2016, placing it among [...]
BUSAN, Feb. 20 (Korea Bizwire) – In what it anticipates being the first of many, the city of Busan announced it would be holding an MOU signing with representatives from Babcock International and GSC Tech at Busan Metropolitan City Hall on Tuesday. An engineering services multinational corporation headquartered in the U.K., Babcock International provides infrastructure [...]
SEOUL, Feb. 19 (Korea Bizwire) – On February 18, the last day of the four-day Lunar Holiday period, 47-year old housewife Lee is scrolling down the screen of her smartphone with her right hand, intently peering into the device, while she gently massages her back with her left. Lee, who revealed that she cannot tend [...]