SEOUL, Aug. 16 (Korea Bizwire) – State prosecutors said Tuesday the managing director of Volkswagen Korea will be summoned later this week to be questioned over allegations the German automaker fabricated emissions results here. The Seoul Central District Prosecutors’ Office said it will summon Volkswagen Korea Managing Director Thomas Kuehl on Thursday to gain reference [...]
SEOUL, Aug. 16 (Korea Bizwire) – Samsung Electronics Co., a South Korean tech giant, said Tuesday it has joined an international blood donation campaign to encourage more people to give blood for those in desperate need. The Red Cross’s International Missing Type (IMT) initiative encourages popular brands and organizations to remove A, B and O [...]
SEOUL, Aug. 12 (Korea Bizwire) – Iris scanning is no longer something from the future, or a mundane cliché technology from a sci-fi movie. With Samsung Electronics introducing a form of the technology in its latest flagship phablet, the Galaxy Note 7, it’s clear that a new era of personal identification is here. Boasting its [...]
SEOUL, Aug. 11 (Korea Bizwire) – South Korea’s tech giant Samsung Electronics Co. on Thursday said it has signed a contract to acquire a U.S. premium kitchen appliance maker, Dacor, in a move to bolster Samsung’s presence in the American luxury home-appliance market. The financial terms of the contract were not revealed, but Yoon Boo-keun, [...]
SEOUL, Aug. 10 (Korea Bizwire) – The Galaxy Note 7, a phablet made by Samsung Electronics Co., has received more preorders in South Korea than expected, driven by its advanced features and aggressive promotions, industry sources said Wednesday. According to the sources, the preorders for the phablet on Aug. 7-8 exceeded 200,000. Preorders will be [...]
HANOI, Vietnam, Aug. 9 (Korea Bizwire) – Vietnam is becoming an increasingly attractive manufacturing location for Korean electronics makers. “Labor costs in Vietnam are inexpensive, with a labor force more than 54 million strong. The conditions for industrial investment are still good,” said Park Byeong-guk, vice director of the Korea Trade-Investment Promotion Agency’s regional branch [...]
SEOUL, Aug. 9 (Korea Bizwire) – Oxy Reckitt Benckiser (RB) may have finalized its toxic humidifier sterilizer compensation plan, but victims and their families are still not convinced. Instead, they’re criticizing the company for applying a double standard to the compensatory measures. “Oxy RB is the biggest aggressor in the toxic sterilizer tragedy. It concealed [...]
SEOUL, Aug. 9 (Korea Bizwire) – South Korea plans to deploy dozens of “jamming proof” air-to-ground guided missiles that can be carried on its F-15K fighters in a bid to bolster its strike capabilities amid mounting military threats from North Korea, military officials said Tuesday. Dozens of Taurus missiles will be brought in from Germany [...]
SEOUL, Aug. 8 (Korea Bizwire) – In what was perhaps a sign of the future, the 2016 Drone Racing World Masters were dominated by teenage talents. With 32 contestants from 12 countries across the globe participating, the competition was organized into two categories: a racing category that measured the fastest lap time around a track, [...]
SEOUL, Aug. 5 (Korea Bizwire) – China’s fast growth has been both a boon and a bane to the Korean economy. While Korea has grown heavily dependent on Chinese consumption, China’s rapid development has also threatened many Korean businesses, both big and small, and Korean companies that used to underrate Chinese technology and made-in-China products [...]