SEOUL, Apr. 15 (Korea Bizwire) — South Korean lender KB Kookmin Bank has introduced a new service that allows customers to make withdrawals through hand recognition, instead of having to use a bankbook, stamp or password. The bank announced on Sunday that customers will now be able to make withdrawals at the counter using palm [...]
SEOUL, Apr. 15 (Korea Bizwire) — South Korea’s largest steelmaker POSCO said Monday that it will reorganize its liquefied natural gas (LNG) operations as part of its efforts to enhance its business efficiency. The company said in a regulatory filing that its board of directors last week approved the transfer of its LNG terminal in [...]
SEOUL, Apr. 15 (Korea Bizwire) — Cash-strapped Kumho Asiana Group said Monday that it will put its flagship Asiana Airlines Inc. up for sale to secure a fresh loan from creditors, sending shares in the carrier on the Seoul bourse sharply higher. The group’s decision to sell Asiana Airlines came after creditors, led by the [...]
SEOUL, Apr. 12 (Korea Bizwire) — South Korea will operate eight highway charging stations for hydrogen fuel cell electric vehicles by June, Hyundai Motor said Friday. Hyundai and the Korea Expressway Corp. will each operate four stations, the carmaker said in a statement. On Friday, Hyundai began operating the hydrogen charging stations in Anseong and [...]
SEJONG, Apr. 12 (Korea Bizwire) — The government said Friday it will extend a tax cut on fuel products until the end of August in a move to ease the burden of small businesses and ordinary people. In November, the government lowered fuel taxes by 15 percent for six months. The temporary measure had been [...]
SEOUL, Apr. 11 (Korea Bizwire) — Since the beginning of this year, disposable plastic bags have been banned at large retailers. As the crackdown began this month, “green” alternative products such as reusable shopping bags and tarpaulin bags are gaining popularity. Gmarket, an online shopping site run by eBay Korea, said on Wednesday that sales [...]
CHEONGJU, Apr. 11 (Korea Bizwire) — Technological work has begun to develop 17 types of functional subtropical vegetables and 11 types of fruit trees, including chayote, papaya, apple mango and noni, suitable for growing in North Chungcheong Province. Chungcheongbuk-do Agricultural Research and Extension Services announced on Wednesday that it has established a master plan to [...]
SEOUL, Apr. 11 (Korea Bizwire) — Starting in June, customers are expected to be able to charge shared electric bicycles or kickboards at GS25 convenience stores. GS25 announced on Wednesday that it will set up an electric bicycle and kickboard charging service facility at its stores in partnership with the shared micro-mobility integrated platform “GoGoSing.” [...]
SEOUL, Apr. 10 (Korea Bizwire) — Foreign investors have been increasing their buying of South Korean shares in recent sessions, data showed Wednesday, amid optimism, albeit cautious, over the chip industry and progress in U.S.-China trade deals. According to the data compiled by the Korea Exchange (KRX), foreign investors extended their buying binge to eight [...]
SEOUL, Apr. 10 (Korea Bizwire) — Kia Motors Corp.’s union has called for the halt to U.S. production of the automaker’s brand new Telluride three-row SUV as weak vehicle sales can jeopardize jobs in South Korea, industry sources said Wednesday. The issue is expected to take on prominence at this year’s collective bargaining talks between [...]