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Daejeon Donates Foreign Coins Collected for Fare Evasion to UNICEF

Daejeon Donates Foreign Coins Collected for Fare Evasion to UNICEF

SEOUL, June 27 (Korea Bizwire) – The Daejeon Government has donated foreign coins used by fare dodgers on public transport to the humanitarian organization UNICEF. Nearly 5,800 coins from foreign countries collected since September 2012 will be used to help children in need, the local government announced on Monday. The coins are thought to have [...]

Silver Loans for the Silver-Haired: Low Interest Loans for Pensioners a Big Success

Silver Loans for the Silver-Haired: Low Interest Loans for Pensioners a Big Success

SEOUL, Jun. 23 (Korea Bizwire) — The National Pension Service’s low interest loan packages dubbed “Silver Loans” are a big hit among its target demographic of pensioners who are 60 and above. Launched in May of 2012, the Silver Loan (officially titled “Rapid Loans for the Elderly Program”) initiative is still going strong with numerous [...]

Seoul to Introduce Smart Sensors to Curb ‘Lonely Deaths’

Seoul to Introduce Smart Sensors to Curb ‘Lonely Deaths’

SEOUL, Jun. 22 (Korea Bizwire) — In response to a rash of deaths among individuals living alone, which in some cases go unreported for as long as weeks, the Seoul Metropolitan Government is adopting smart sensors in a bid to tackle the worrisome trend. The smart sensors, courtesy of major South Korean telecom provider KT, [...]

Korea’s Homeshopping Enlists Help of Comedians, YouTube Stars

Korea’s Homeshopping Enlists Help of Comedians, YouTube Stars

SEOUL, June. 21 (Korea Bizwire) — With the advent of technology, South Korean shopping channels as we know them are in for a dramatic makeover.  The massive conglomerates behind many of these channels are increasingly tapping comedians and internet stars to be the face of their sales broadcasts through digital platforms. One industry powerhouse leading the [...]

South Korean Researchers Develop High-Accuracy Rain Sensor

South Korean Researchers Develop High-Accuracy Rain Sensor

SEOUL, June 16 (Korea Bizwire) – South Korean researchers have developed a high-accuracy rain sensor capable of informing drivers of alternative routes in case of heavy rain, a development that is expected to ease traffic congestion. According to the Korea Meteorological Administration (KMA), the South Korean joint research team of Kangwon National University and light [...]

Drone Events Enter the Mainstream Amid Growing Public Interest

Drone Events Enter the Mainstream Amid Growing Public Interest

SEOUL, June 7 (Korea Bizwire) – As drone sales worldwide are forecast to reach 2.5 million units this year, the growing interest in unmanned aerial vehicles in South Korea is seeing a number of drone events take place around the country. The Ministry of Land, Infrastructure, and Transport (MOLIT) is holding a competition for 3D [...]