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High-Quality Online Music Service the Next Big Thing

High-Quality Online Music Service the Next Big Thing

SEOUL, Jul. 18 (Korea Bizwire) — As the number of high-spec smartphone users continues to rise in South Korea, and with the music industry eyeing new business models, high quality music downloading and streaming services are no longer the exclusive property of audio system lovers. Similar to how the broadcasting industry has been progressing from [...]

Minister of Transport Opts for Hydrogen Car as Government Pushes Renewable Energy

Minister of Transport Opts for Hydrogen Car as Government Pushes Renewable Energy

SEOUL, Jul. 18 (Korea Bizwire) — The Minister of Land, Infrastructure and Transport (MOLIT) drew media attention last week when she showed up in a white hydrogen-fueled SUV vehicle during her visit to Cheonan, a move that signals the government’s effort to push renewable fuel vehicles. Kim Hyun-mee, who heads the MOLIT, was seen riding in [...]

Drones to the Rescue: Next-Generation Lifeguards Can Fly

Drones to the Rescue: Next-Generation Lifeguards Can Fly

SEOUL, Jul. 18 (Korea Bizwire) — One lucky beachgoer is safe and sound thanks to drone company Soomvi and telecommunications giant SK Telecom (SKT). Or at least that’s what a future scenario might look like. This past Friday, a drone on patrol a few meters above the sparkling blue of Wangsan Beach in Incheon “discovered” a [...]

Fathers Taking Paternity Leave on Steady Rise: Labor Ministry

Fathers Taking Paternity Leave on Steady Rise: Labor Ministry

SEOUL, Jul. 17 (Korea Bizwire) — The number of fathers taking time off work to take care of their children is growing continuously, encouraged by the government policy that aims to further boost support for family leave, government data showed Monday. A total of 5,101 men signed up for paternity leave in the first half [...]

SK Telecom, SM Entertainment to Join Hands for Content, New Biz

SK Telecom, SM Entertainment to Join Hands for Content, New Biz

SEOUL, Jul. 17 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. and major entertainment agency SM Entertainment said Monday they will join forces through a series of stock sales among their affiliates, in order to beef up their content business and search for new opportunities. Under the deal, SK Telecom will buy [...]

Value of Overseas Investment Funds Soars over Past Year

Value of Overseas Investment Funds Soars over Past Year

SEOUL, Jul. 16 (Korea Bizwire) — The value of South Korea’s overseas investment funds has jumped more than 40 percent over the past year as big-time investors look overseas for high returns despite the recent bull of the domestic stock market, data showed Sunday. According to the data by the Korea Financial Investment Association, the [...]

Busan Sees Outbreak of “Dying Alone” Cases

Busan Sees Outbreak of “Dying Alone” Cases

SEOUL, Jul. 15 (Korea Bizwire) — Just this past month, Busan has seen eight citizens pass away in complete solitude. The phenomenon of dying in solitude, though on the rise among the younger generation and those living in single-person households, is still mostly observable among the elderly. Among the eight deaths in Busan, five were elderly [...]

Drones Becoming More and More Integral to Everyday Life

Drones Becoming More and More Integral to Everyday Life

SEOUL, Jul. 14 (Korea Bizwire) — Drones, once the exclusive property of the military, have gone mainstream. Now, their use is only limited by one’s  imagination. Besides the military, law enforcement agencies may be the organizations that employ drones the most for their intended purpose. The police have increasingly begun to use drones to carry out [...]

The Rise & Fall of Exclusive Golf Clubs

The Rise & Fall of Exclusive Golf Clubs

SEOUL, Jul. 14 (Korea Bizwire) — Once compared to gold mines for their profit generating ability, members only golf club have begun to lose their luster. In the late 90′s, North Chungcheong Province was famous for its premier golf courses. One of them was so well-known, the golf course operated shuttle buses that traversed the country, [...]

S. Korea to Open 2 More VR, AR Complexes

S. Korea to Open 2 More VR, AR Complexes

SEOUL, Jul. 13 (Korea Bizwire) — South Korea’s ICT ministry said Thursday that it will open two additional new complexes to promote virtual reality (VR) and augmented reality (AR) technology as the country aims to become a global powerhouse in the sectors. The two centers will be set up at Korea National University Of Arts [...]