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National Arboretum Welcomes New Siberian Tigers

National Arboretum Welcomes New Siberian Tigers

BONGHWA, May 24 (Korea Bizwire) — Two tigers from Seoul Grand Park Zoo have joined others at the tiger’s forest in the Baekdudaegan National Arboretum in Bonghwa County, North Gyeongsang Province. The arboretum announced on Thursday that Seoul Grand Park donated two Siberian tigers and successfully transferred them to the tiger’s forest as part of [...]

LG Uplus Introduces Traffic Light System to Provide ‘Fast Track’ for Emergency Vehicles

LG Uplus Introduces Traffic Light System to Provide ‘Fast Track’ for Emergency Vehicles

SEOUL, May 23 (Korea Bizwire) — LG Uplus Corp., jointly with the Seoul Metropolitan Government and Easy Traffic Co., has introduced an emergency vehicle preemption (EVP) system, a priority traffic light control software that extends green lights to allow ambulances to pass without delay. The traffic light control center receives GPS data from emergency vehicles [...]

S. Korea Unveils ‘Tobacco Endgame’ Plan to Get People to Quit Smoking

S. Korea Unveils ‘Tobacco Endgame’ Plan to Get People to Quit Smoking

SEOUL, May 21 (Korea Bizwire) – South Korea unveiled its “tobacco endgame” plan that calls for adopting uniform, plain packaging for all cigarettes and more graphic warning labels to push people to quit smoking, the government said Tuesday. The comprehensive endeavor, reached by the public health policy review committee, aims to lower the smoking rate [...]

Hikes in Minimum Wage Prompt Small Shop Owners to Cut Labor Forces: Gov’t

Hikes in Minimum Wage Prompt Small Shop Owners to Cut Labor Forces: Gov’t

SEOUL, May 21 (Korea Bizwire) — The labor ministry said Tuesday some small business owners responded to steep hikes in the minimum wage by firing workers, in its first official statement about the impact of the recent wage raises on employment. Between November 2018 and April, the government conducted an in-depth interview survey on four [...]

IoT Devices for Factory Machinery Will Raise Chattel Mortgage Values

IoT Devices for Factory Machinery Will Raise Chattel Mortgage Values

SEOUL, May 20 (Korea Bizwire) — Following the enactment of a new provision that enables value appreciation of chattel mortgages, for items such as factory machinery, when Internet of Things (IoT) systems are in place to manage them, South Korean banks are offering various IoT-based mortgage loan products and services. The Korea Federation of Banks [...]