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Russia Conducts Successful Launch of THAAD-Beating ICBM

Russia Conducts Successful Launch of THAAD-Beating ICBM

SEOUL, Jan. 18 (Korea Bizwire) – The Russian military has conducted another successful launch of its Topol-M intercontinental ballistic missile, which, according to officials, can penetrate the THAAD missile battery, the U.S. anti-ballistic missile system the South Korean government is looking to deploy.  According to local sources on January 17, a single Topol-M missile was [...]

Telecom Big Three Battle over AI Personal Assistants

Telecom Big Three Battle over AI Personal Assistants

SEOUL, Jan. 18 (Korea Bizwire) – Korea’s big three telecommunication companies – SK Telecom, KT Corp., and LG Uplus – are set to wage battle over the next big thing in the tech industry – artificial intelligence.  SK Telecom began its AI endeavor with NUGU, an AI speaker that connects with smartphones to carry out [...]

S. Korea’s Biomedicine Exports Top US$1 Bln in 2016: Data

S. Korea’s Biomedicine Exports Top US$1 Bln in 2016: Data

SEOUL, Jan. 18 (Korea Bizwire) – Biomedicine exports by South Korean pharmaceutical firms jumped more than 50 percent in 2016 from a year earlier to surpass the US$1 billion mark for the first time, data showed Wednesday.  Outbound shipments of locally manufactured biomedicines such as vaccines and genetic recombination drugs stood at US$1.44 billion last [...]

Korean Content Industry Continues to Prosper

Korean Content Industry Continues to Prosper

SEOUL, Jan. 16 (Korea Bizwire) – Despite the economic, diplomatic, and political drawbacks of 2016, Korea’s content industry continued its march forward. According to the Ministry of Culture, Sports and Tourism, and the Korea Creative Content Agency, the content industry grew by 5.7 percent last year to 105.2 trillion won ($89 billion), setting an important [...]

Earnings in Show Business Show Heavy Imbalance between Celebrity Level, Gender

Earnings in Show Business Show Heavy Imbalance between Celebrity Level, Gender

SEJONG, Jan. 16 (Korea Bizwire) – The glitz of show business isn’t the same for everyone in the industry, where earnings are heavily imbalanced between A-listers and those who are not, income tax filings for 2015 showed Monday.  A total of 15,423 people, whose reported jobs were actors and actresses, reported an annual income that [...]

Sale of SK Telecom’s AI Devices Topped 40,000: Watchers

Sale of SK Telecom’s AI Devices Topped 40,000: Watchers

SEOUL, Jan. 16 (Korea Bizwire) – South Korea’s top mobile carrier SK Telecom Co. sold more than 40,000 units of its Artificial Intelligence (AI) home assistant service in four months, market watchers said Monday.  The service, called NUGU, which means “who” in Korean, is the advanced voice recognition butler service that allows users to control [...]

Government Recommends Simple Attire for Medical Staff to Prevent Infection

Government Recommends Simple Attire for Medical Staff to Prevent Infection

SEOUL, Jan. 12 (Korea Bizwire) – The Ministry of Health and Welfare announced Wednesday that it is preparing voluntary guidelines for medical practitioners to simplify their attire, a measure that it believes will help to prevent the spread of infection.  The ministry and the Korean Society for Healthcare-associated Infection Control Prevention have recently prepared a [...]

Naver’s Ad Revenue Neared 3 Trillion Won in 2016

Naver’s Ad Revenue Neared 3 Trillion Won in 2016

SEOUL, Jan. 12 (Korea Bizwire) – South Korea’s largest Internet portal Naver Corp. is forecast to have raked in nearly 3 trillion won (US$2.53 billion) in revenue generated from advertisements last year, industry sources said Thursday. Naver is estimated to have logged 2.95 trillion won in sales from the advertisement sector in 2016, nearly a [...]