SEOUL, July 31 (Korea Bizwire) – Kakao Bank, South Korea’s second Internet-only bank, said Sunday it has attracted some 800,000 accounts four days since its launch, with combined deposits and loans hovering above 500 billion won (US$445.2 million). The bank said the number of clients came to 826,000 as of 3:00 p.m., with deposits being estimated at 275 billion won. [...]
SEOUL, July 31 (Korea Bizwire) – Social network services, particularly messaging apps such as KakaoTalk with popular group chat features, are becoming one of the most popular means of communication among South Korean lawmakers, replacing e-mail and text messaging. Group chat features, which allow people to create a chat room and invite others to have [...]
SEOUL, Jul. 28 (Korea Bizwire) — Hwacheon’s famous tomato festival is back for the 15th time this year, with a host of interesting activities on tap including firework shows and singing contests, to be held over a period of four days starting next Friday. Modeled after Spain’s famous tomato fight festival ‘La Tomatina’, Hwacheon’s tomato [...]
SEOUL, Jul. 28 (Korea Bizwire) — The Ministry of Science and ICT (MSIP) and the Ministry of Land, Transport and Maritime Affairs (MOLIT) will adopt IoT-based environment sensors in Busan’s Gangseo District as part of a collective smart environment monitoring initiative, the two government branches revealed on Thursday. Gangseo District was chosen as the location [...]
SEOUL, Jul. 27 (Korea Bizwire) — South Korean car sharing service provider Socar has become the first company to reach a total of 10 million reservations in the industry, according to a statement released on Wednesday. From February 2012 until earlier this month, more than 10 million reservations were made, with the combined mileage estimated to [...]
SEOUL, Jul. 27 (Korea Bizwire) — South Korean retail giant E-mart announced on Wednesday it will sell compact electric vehicles, with plans to open a smart mobility store called ‘M Lounge’ at its Hanam location on Thursday. A selection of vehicles running on electricity will be on sale at the new store, including electric bikes [...]
SEOUL, Jul. 26 (Korea Bizwire) — Sales of Robot Taekwon V action figures surpassed expectations only hours after a major retail chain in the country began taking pre-orders for the collectibles of South Korea’s beloved character. According to Lotte Mart, which runs Toys“R”Us where the action figures of the popular robot character are being sold, over [...]
SEOUL, Jul. 26 (Korea Bizwire) — Gangnam District Office in Seoul has announced plans to build visually impaired friendly streets in the neighborhood using IoT technology. Stretching over a distance of 1,470 meters, the newly proposed streets in the district will be equipped with an audio guidance system, in a move to create a so-called [...]
SEOUL, July 25 (Korea Bizwire) – The Seoul Metropolitan Government has revealed plans for an update to its parking space availability service, which will expand its scope to cover scores of privately owned parking lots across the city through the mobile app scheduled to be released later this year. According to Seoul government officials on Monday, [...]
BORYEONG, South Korea, July 25 (Korea Bizwire) – South Korea’s coastal city of Boryeong has signed a contract to export its famous mud to Rotorua in New Zealand’s North Island, a city official said Monday. Boryeong Mayor Kim Dong-il and Rotorua Mayor Steve Chadwick signed the contract on Saturday, under which the South Korean city will export 5 tons of mud powder worth [...]