SEOUL, Sept. 13 (Korea Bizwire) – An AI-based surgery assistant jointly developed by liposuction hospital 365mc and Microsoft Korea and christened M.A.I.L. System (Motion Capture and Artificial Intelligence assisted Liposuction System) was officially unveiled on September 12. As its name suggests, the system uses motion capture technology to record surgical procedures and stores them in [...]
SEOUL, Sept. 12 (Korea Bizwire) – Lotte Group founder Shin Kyuk-ho’s eldest son will sell most of his stakes in the South Korean retail giant’s key affiliates as an objection to the group’s latest decision to set up a holding company, his representatives said Tuesday. Shin Dong-joo, the former vice chairman of Tokyo-based Lotte Holdings, [...]
SEOUL, Sept. 9 (Korea Bizwire) — Naver affiliate Line is making a foray into the German market with a real-time video platform. As Naver is investing heavily in Europe, synergy effects created by both initiatives are expected. According to Naver on September 8, Line recently launched the Line Live application, a real-time video platform, in [...]
SEOUL, Sept. 7 (Korea Bizwire) — With the government keeping a wary eye on China’s next move amid the deployment of an additional THAAD missile defense battery, South Korean companies are bracing for further retaliation from the Chinese government. Earlier Thursday, the South Korean defense ministry announced the deployment of an additional four launchers for [...]
SEOUL, Sept. 6 (Korea Bizwire) — Seoul and Barcelona, global tourist destinations, will jointly seek a solution to their common problem of “overtourism,” described as residents’ inconvenience due to too many visitors, at a forum in the South Korean capital later this week, a city official here said Wednesday. “The two sides will discuss the [...]
SEOUL, Sept. 6 (Korea Bizwire) — South Korea and Thailand have agreed to double the number of designated airlines on their bilateral routes as Seoul tackles declining travel demand from China, the transport ministry said Wednesday. At the aviation talks held in Busan, 450 kilometers south of Seoul, Koo Bon-hwan, director general of the Aviation [...]
SEOUL, Sept. 4 (Korea Bizwire) — Bloomberg News reported on September 4 that Kakao Japan and Nomura Holdings are engaged in discussions for a possible IPO at the Tokyo Stock Exchange in 2020, bringing to light the Korean social media giant’s strategies to attract Japanese users. Though it enjoys wild success at home (43 million [...]
SEOUL, Sept. 3 (Korea Bizwire) – McDonald’s Korea, the South Korean unit of U.S. fast food chain McDonald’s, said Sunday that it has suspended sales of its bulgogi burger across South Korea as it expressed deep regret over a group of children and their teacher falling ill. Last Monday, seven primary school students and their teacher complained to McDonald’s that [...]
SEOUL, Sept. 4 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest passenger carrier, is struggling to improve its business amid an ongoing diplomatic row over the deployment of a missile defense system here and increased competition with budget carriers, industry sources said Monday. Under its three-year restructuring plan that ends in December 2018, Asiana [...]
SEOUL, Sept. 1 (Korea Bizwire) — Following a car accident last year involving a high school student who was driving a car he rented through his father’s car sharing service account, the South Korean government announced plans to introduce stricter security measures to prevent similar incidents on Friday. The case of a rented Kia K5 smashing [...]