Business Archives | Page 2 of 969 | Be Korea-savvy

Archive by category Business

Gov’t Chooses Site for “Korean Silicon Valley”

Gov’t Chooses Site for “Korean Silicon Valley”

INCHEON, Jul. 12 (Korea Bizwire) — The Korean version of Silicon Valley will be created in Incheon. The Ministry of SMEs and Startups said Thursday that Tomorrow City complex in Incheon’s Songdo District, has been selected as the result of a public offering by local governments nationwide. To this end, the “2019 Start-up Park Creation [...]

Kakao Bank’s Accounts Surpass 10 mln 2 Years After Launch

Kakao Bank’s Accounts Surpass 10 mln 2 Years After Launch

SEOUL, Jul. 12 (Korea Bizwire) — Kakao Bank, South Korea’s second Internet-only bank, said Friday it has attracted more than 10 million accounts in about two years since launching operations. Kakao Bank, controlled by Kakao Corp., the operator of South Korea’s dominant messaging app KakaoTalk, started operations on July 27, 2017, quickly gaining popularity among [...]

Apparel Made from Korean Fabric Stars at 2019 Milano Unica

Apparel Made from Korean Fabric Stars at 2019 Milano Unica

SEOUL, Jul. 11 (Korea Bizwire) — South Korean apparel received major attention at Milano Unica Rho 2019, Italy’s top-end textile fair. Students from Istituto Marangoni in Milan, one of world-class fashion schools, used Korean fabric to create five exquisite garments for the Korean exhibition hall. The Korea Trade-Investment Promotion Agency (KOTRA) joined hands with the [...]

Electric Kickboards Permitted on Bicycle Paths

Electric Kickboards Permitted on Bicycle Paths

SEOUL, Jul. 11 (Korea Bizwire) — Electric kickboards will now be legally allowed on bicycle paths. Although limited to certain areas and under strict regulations, electric kickboards are being legalized on bicycle paths for the very first time. The Ministry of Trade, Industry and Energy decided on Wednesday to make a special exemption to allow [...]

Japan’s Trade Curbs Pose New Downside Risk to S. Korean Economy

Japan’s Trade Curbs Pose New Downside Risk to S. Korean Economy

SEOUL, Jul. 10 (Korea Bizwire) — Japan’s tighter regulations on some high-tech exports to South Korea will serve as a new downside risk to Asia’s fourth-largest economy, which is already struggling with a U.S.-China trade war, economists said Wednesday. In a seminar on the impact of Japan’s trade curbs, Kwon Tae-shin, president of the Korea [...]