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EU Vetoes S. Korean Shipbuilding Merger Between Hyundai and Daewoo

EU Vetoes S. Korean Shipbuilding Merger Between Hyundai and Daewoo

SEOUL, Jan. 13 (Korea Bizwire) — The European Union antitrust regulator on Thursday vetoed Hyundai Heavy Industries Group’s proposed acquisition of its smaller rival Daewoo Shipbuilding & Marine Engineering Co., citing monopoly issues. The European Commission announced its decision to block the merger of the South Korean shipbuilders, arguing the tie-up could create a monopoly [...]

Seoul City to Invest 345.9 bln Won in Metaverse, Other Digitization Projects in 2022

Seoul City to Invest 345.9 bln Won in Metaverse, Other Digitization Projects in 2022

SEOUL, Jan. 13 (Korea Bizwire) — The Seoul city government said Thursday it will invest a total of 345.9 billion won (US$291.4 million) this year in projects harnessing such cutting-edge digitization technologies as metaverse, big data and artificial intelligence (AI). Up to 1,067 projects, including those to be pursued by the city’s 25 districts, will [...]

Voluntary Retirement for Teachers on Rise amid Pandemic

Voluntary Retirement for Teachers on Rise amid Pandemic

SUWON, Jan. 10 (Korea Bizwire) — The protracted COVID-19 pandemic has brought about a major change in teaching methods, leading to an increase in the number of teachers applying for voluntary retirement. According to the Gyeonggi Province Office of Education, the number of teaching faculty (teachers, vice principals and principals) at the public schools within [...]

Korean Food Companies Join Hands to Sue Chinese Imitators

Korean Food Companies Join Hands to Sue Chinese Imitators

SEOUL, Jan. 5 (Korea Bizwire) — South Korean food producers are stepping up to address the growing distribution of copycat products in China. The Korea Food Industry Association established a consortium of food producers to file a lawsuit against Qingdao Taeyangcho Food Co. and Zhengdao Food Co., the two largest K-food imitation producers in China, [...]

Samsung Vice Chairman Stresses Personalized, Seamless, Sustainable Tech in CES Speech

Samsung Vice Chairman Stresses Personalized, Seamless, Sustainable Tech in CES Speech

LAS VEGAS, Jan. 4 (Korea Bizwire) — A high-ranking executive of Samsung Electronics Co. underlined the importance of customized devices and personalized spaces, as well as sustainable technology, in his keynote speech at the Consumer Electronics Show (CES) in Las Vegas on Tuesday. Han Jong-hee, the tech company’s vice chairman and the head of the Device [...]

Baidu Still Refuses to Correct Nationality of Korean Poet

Baidu Still Refuses to Correct Nationality of Korean Poet

SEOUL, Dec. 31 (Korea Bizwire) — Chinese internet search behemoth Baidu has been rejecting requests to correct Korean poet Yun Dong-ju (1917-1945)’s nationality over the past year. Baidu introduces Yun, as well as Korean independence fighters Lee Bong-chang (1900-1932) and Yun Bong-gil (1908-1932) as of Chinese nationality and lists their ethnic group as “Joseonjok” or [...]

Pandemic Has Altered Social Relationships: Study

Pandemic Has Altered Social Relationships: Study

SEOUL, Dec. 30 (Korea Bizwire) — Social relationships are changing drastically as the coronavirus pandemic, which has dragged on over the past two years, has prevented people from meeting in person. An institute affiliated with South Korea’s top life insurer Samsung Life Insurance Co. reported Wednesday that COVID-19 has led to a drastic reduction in [...]