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South Korean Electric Motorcycle Maker Ventures into Vietnam

South Korean Electric Motorcycle Maker Ventures into Vietnam

SEOUL, June 28 (Korea Bizwire) – An ambitious South Korean SME is making a foray into the Vietnamese electric vehicle market. MBI, a company that specializes in producing automobile transmissions, announced plans on Tuesday to invest 113.5 billion won to build electric vehicle manufacturing plants in partnership with local investor N&G at the Hanoi South [...]

S. Korea Ranks No. 1 in Online Grocery Shopping

S. Korea Ranks No. 1 in Online Grocery Shopping

SEOUL, Jun. 27 (Korea Bizwire) — South Korea ranked No. 1 in terms of e-commence for grocery shopping, far outpacing other major developed countries, an industry report showed Tuesday. According to the report by industry tracker, Kantar Worldpanel, the percentage of fast-moving consumer goods (FMCG) shopping via online and mobile channels out of all purchases [...]

Pharmaceutical Industry Contributes More to Employment than Other Industries: Data

Pharmaceutical Industry Contributes More to Employment than Other Industries: Data

SEOUL, Jun. 27 (Korea Bizwire) — South Korea’s pharmaceutical industry has posted more than double the annual growth rate in terms of employment compared to the manufacturing sector as a whole, industry data showed Tuesday. The pharmaceutical industry has recorded 3.9 percent in annual employment growth rate between 2005 and 2015, while the comparable figure [...]

Looking Back on a Decade of iPhone and its Profound Impact on Korean Society

Looking Back on a Decade of iPhone and its Profound Impact on Korean Society

SEOUL, Jun. 26 (Korea Bizwire) — This coming Thursday will mark the 10th anniversary of one of the more revolutionary pieces of technology developed in recent history. It reached Korean shores a full year and five months after its birth, brought over by KT into a practically non-existent smartphone market. It was met with astounding [...]

Are South Koreans Paying Too Much for Their Mobile Phone Plans?

Are South Koreans Paying Too Much for Their Mobile Phone Plans?

SEOUL, Jun. 24 (Korea Bizwire) — When it comes to cell phone bills in South Korea, the overwhelming public sentiment is that people think they are paying too much at the moment. The row between the government and telecom companies over efforts to reduce phone bills in recent years mirrors the frustration very palpable in a [...]

South Korean SME Lands Platform Screen Door Deal in Brazil

South Korean SME Lands Platform Screen Door Deal in Brazil

BRAZIL, Jun. 23 (Korea Bizwire) — South Korean manufacturer Hanbyul ENC has landed a business deal in Brazil that will see the company build platform screen doors for the Santos subway. According to the Electronics and Telecommunications Research Institute (ETRI), the small South Korean company was able to win the contract thanks to the help [...]

Head of SK Says Toshiba Deal is ‘Not Finished’

Head of SK Says Toshiba Deal is ‘Not Finished’

SEOUL, June 23 (Korea Bizwire) – SK Group Chairman Chey Tae-won said Friday its semiconductor arm’s move to join the acquisition of Toshiba Corp.’s chip business is “not finished,” hinting there are still challenges moving forward. The remark came as a global consortium including South Korea’s SK hyinx Inc. was tapped as the preferred bidder [...]