SEOUL, Feb. 14 (Korea Bizwire) — A total of 2.9 million tourists used Airbnb Inc., a global house-sharing platform, last year, up 56 percent from a year earlier, the company said on Thursday. Seven out of 10 Airbnb users, or some 2.02 million, were locals, with some 156,200 Chinese tourists to South Korea staying at [...]
SEOUL, Feb. 14 (Korea Bizwire) — More listed firms are expected to adopt electronic voting at shareholder meetings this year to make it easier to reach a quorum, corporate officials said Thursday. According to the Korea Securities Depository (KSD), 1,204 companies listed on the main and secondary bourses, or 57 percent of the total, had [...]
SEOUL, Feb. 13 (Korea Bizwire) — Hyundai Mobis Co., South Korea’s top auto parts maker, said Wednesday that it has begun operations of a hydrogen fuel cell-based power generator. The generator employed at the company’s Chungju factory, 147 kilometers southeast of Seoul, is equipped with fuel cells powering the midsize Nexo SUV. The Nexo hydrogen [...]
SEOUL, Feb. 13 (Korea Bizwire) — The so-called ‘Lemon Law’, which allows for exchanges or refunds following new automobile purchases, took effect on January 1. However, a lack of cooperation from some imported car businesses is raising controversy over ‘reverse discrimination’ among companies. The ‘Lemon Law’ came as a result of the series of fire [...]
SEOUL, Feb. 13 (Korea Bizwire) — More than 130 overseas products that had been recalled in other countries for safety reasons were sold in the local market last year, the Korea Consumer Agency said Wednesday. The agency recommended sales suspension, product exchanges, free repairs and other remedy measures on 132 such products in 2017, up [...]
SEOUL, Feb. 12 (Korea Bizwire) — A consortium of six South Korean firms has been selected as a partner for the maintenance of the U.S.-made radar-evading F-35 fighter, Seoul’s state arms procurement agency said Tuesday. The Defense Acquisition Program Administration (DAPA) said that Ellen M. Lord, the U.S. undersecretary of defense for acquisition and sustainment, [...]
BUSAN, Feb. 12 (Korea Bizwire) — Pollack, one of the most common white fish, has been found to play an important role as a health supplement. According to the Korea Overseas Fisheries Association on Monday, such results were published by Nippon Suisan Kaisha, Ltd. in November 2017. It was found that the protein content of [...]
CHUNCHEON, Feb. 12 (Korea Bizwire) — Residents of Yeongwol County in Gangwon Province are strongly opposing a plan to set up a solar power plant in the area. A total of 41 residents from county’s Yongseok-ri Village filed a lawsuit against the mayor of Yeongwol last Friday to put a stop to the construction plan. [...]
SEOUL, Feb. 12 (Korea Bizwire) — T-ONE Mobility, in collaboration with four taxi unions in South Korea, has announced the launch of T-ONE, a cap-hailing mobile application. The application will be available on Google Play for trial over the next ten days. After selecting a destination, the app automatically hails a taxi based on the [...]
SEOUL, Feb. 12 (Korea Bizwire) — Hyundai Heavy Industries Co., the world’s largest shipyard by sales, is set to buy its smaller local rival Daewoo Shipbuilding & Marine Engineering Co., the state-run Korea Development Bank said Tuesday. KDB said Samsung Heavy Industries Co., a major South Korean shipyard, has stated its intention not to join [...]