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Successful Cooperation Profit Sharing Relies on Participation of Large Corporations

Successful Cooperation Profit Sharing Relies on Participation of Large Corporations

SEOUL, Nov. 7 (Korea Bizwire) — The South Korean government is striving to come up with alternative profit-sharing schemes between large corporations and small-and-medium-sized companies with the intention of promoting a more horizontal relationship between them. The government is also looking to implement a coexistence model where both large corporations and SMCs can achieve a win-win [...]

First Apartment Complex in S. Korea Coated with Fine Dust Fighting Paint

First Apartment Complex in S. Korea Coated with Fine Dust Fighting Paint

SEOUL, Oct. 31 (Korea Bizwire) — The first apartment complex in South Korea armed with an air filtering function has made its reveal. The Seoul Housing & Communities Corp. (SH) painted the exterior of an apartment complex in Seoul with a type of photocatalyst paint that helps remove nitrogen oxide and sulfur oxides, the main [...]

Kia Motors Launches 2 Programs Targeting Current Kia Owners and Rentals

Kia Motors Launches 2 Programs Targeting Current Kia Owners and Rentals

SEOUL, Oct. 31 (Korea Bizwire) — Kia Motors Corp. will be launching two new “mobility programs,” making it easier for those who currently rent or own Kia vehicles on a long-term basis to have their existing vehicles replaced for newer models. Kia’s “switch” program caters to rentals of the car maker’s new K7 and Sorento [...]

Bodyfriend Introduces World’s First “Brain Massage” Function

Bodyfriend Introduces World’s First “Brain Massage” Function

SEOUL, Oct. 31 (Korea Bizwire) — Bodyfriend Inc., the manufacturer of massage chairs, has revealed that its new massage chairs feature the world’s first “brain massage” function. At a press conference yesterday at the Four Seasons Hotel in Seoul, Bodyfriend introduced the massage chairs equipped with the brain massage function. According to Bodyfriend, the brain [...]

S. Jeolla Province Reviews Feasibility of 1,000 Won Ferry Fare

S. Jeolla Province Reviews Feasibility of 1,000 Won Ferry Fare

SEOUL, Oct. 31 (Korea Bizwire) — Kim Yung-rok, the governor of South Jeolla Province, has called for a review of a possible implementation of a 1,000 won (US$ 0.88) ferry fee for island residents. The municipality of Goheung-gun is pushing for a new measure that would standardize the ferry transportation fee at 1,000 won. The [...]

Treasure Hunt to Take Place on Seoul’s Dulle-gil Next Month

Treasure Hunt to Take Place on Seoul’s Dulle-gil Next Month

SEOUL, Oct. 29 (Korea Bizwire) — Early next month, Seoul’s Dulle-gil will host a treasure hunt that has more than 10 million won in prizes awaiting eager treasure seekers. To commemorate the fourth anniversary of the Dulle-gil’s opening, the “2018 Seoul Dulle-gil Festival” will be held on November 3 with over 1,000 residents participating in [...]

New “One-Strike” Policy Under Consideration as Seoul Pushes for Taxi Fare Hike

New “One-Strike” Policy Under Consideration as Seoul Pushes for Taxi Fare Hike

SEOUL, Oct. 29 (Korea Bizwire) — The Seoul Metropolitan Government, which is in the process of developing a taxi fare hike plan, is considering the implementation of a “one-strike policy” that would result in the suspension of taxi licenses if drivers are found to refuse passengers. The measure is aimed at addressing public criticism that [...]

Seoul’s New QR Code Payment for Taxis to Prevent Overcharging

Seoul’s New QR Code Payment for Taxis to Prevent Overcharging

SEOUL, Oct. 24 (Korea Bizwire) — For the first time in South Korea, the Seoul Metropolitan Government plans to adopt a system in which dynamic QR codes are used to easily pay taxi fares. The city’s plan for a QR code payment standard for taxis will be compatible with various payment methods. Starting in January [...]