SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s “kimchi premium” — a reference to the 15 to 25 percent premium on Bitcoin prices locally compared with foreign markets — is now reversed, with the price of one unit of the most widely known cryptocurrency dropping below valuations abroad. According to Bithumb, South Korea’s largest cryptocurrency [...]
SEOUL, Feb. 2 (Korea Bizwire) – The PyeongChang 2018 Winter Olympics already set a world record a week before the opening ceremony with the announcement that 110,000 condoms — the most ever for a Winter Olympics — will be provided to athletes. AFP reported that the condoms are to be distributed free of charge before [...]
SEJONG, Feb. 2 (Korea Bizwire) — The day elementary school classrooms sitting empty and unused are once again teeming with children may not be too far off, with the Ministry of Education confirming on February 1 that a framework detailing the push to repurpose empty school rooms into preschools and childcare centers passed review in [...]
SEOUL, Feb. 2 (Korea Bizwire) — President Moon Jae-in and Japanese Prime Minister Shinzo Abe will hold a summit in PyeongChang, the alpine town that will host the upcoming Winter Olympics, the foreign ministry said Friday. Abe will fly to South Korea through Yangyang International Airport near PyeongChang to celebrate the Olympics, a ministry official [...]
SEOUL, Feb. 2 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest carmaker, will promote its Stinger sports sedan through a Super Bowl ad starring Aerosmith’s Steven Tyler, the company said Friday. In the 60-second ad featuring Aerosmith’s lead singer Steven Tyler, the rock and roll icon turns the Kia Stinger into a time machine [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea’s overseas aid agency said Friday it will open 10 percent of senior posts to outsiders and tighten the screening of overseas projects as part of its reform programs. The Korea International Cooperation Agency (KOICA) announced a set of measures to overhaul its organization and operation, after it [...]
SEOUL, Feb. 2 (Korea Bizwire) — The number of patients infected with H1N1 influenza, also known as swine flu, in North Korea rose to 110,000 last month, Voice of America reported Friday. Citing Gwendolyn Pang, who heads the Asian regional office of the International Federation of Red Cross, VOA’s Korean Service said 110,015 out of [...]
SEOUL, Feb. 2 (Korea Bizwire) — Hundreds of South Korean troops will be deployed to Thailand this month for an annual international exercise, the Navy here said Friday. A combat unit of more than 430 sailors and Marines will leave for the Southeast Asian nation later in the day to join the Cobra Gold drills [...]
SEOUL, Feb. 2 (Korea Bizwire) — Domestic tech companies and automobile manufacturers are either releasing new systems or widening access to previously exclusive technology, with the race to establish control over the nascent “connected car” market heating up. Also referred to as futuristic vehicle information service or infotainment service, these systems entail the application [...]
SEOUL, Feb. 2 (Korea Bizwire) — Membership-only warehouse Costco has been fined 200 million won for selling goods with an appearance similar in design to copyrighted items. On February 1, a Seoul district court pronounced its verdict, stating that Costco had infringed on the design rights of holder and plaintiff Kwon, and ordered the company [...]