SEOUL, May 30 (Korea Bizwire) — The Seoul Metropolitan Government (SMG) announced on Wednesday that it will be installing additional virtual power plants (VPP), facilities that can generate income by selling the amount of electricity saved, in small to medium-sized buildings throughout all 25 districts. The city plans to expand the plants’ generation capacity to [...]
GWANGJU, May 30 (Korea Bizwire) — Social agricultural space utilizing underground space of public housing is expected to continue to grow in popularity. According to Gwangju’s Gwangsan District on Wednesday, the district will expand an underground mushroom farm in public housing that opened in December last year. The district has secured an additional 56 square [...]
SEOUL, May 27 (Korea Bizwire) — While South Korean retail companies are competing over speed in the delivery market, the crowdfunding market, which typically requires at least a month before products are delivered, is rising as the new form of consumer activity in the country. Crowdfunding is based on pre-orders made by customers. If enough [...]
SEOUL, May 21 (Korea Bizwire) – South Korea unveiled its “tobacco endgame” plan that calls for adopting uniform, plain packaging for all cigarettes and more graphic warning labels to push people to quit smoking, the government said Tuesday. The comprehensive endeavor, reached by the public health policy review committee, aims to lower the smoking rate [...]
SEOUL, May 20 (Korea Bizwire) — Following the enactment of a new provision that enables value appreciation of chattel mortgages, for items such as factory machinery, when Internet of Things (IoT) systems are in place to manage them, South Korean banks are offering various IoT-based mortgage loan products and services. The Korea Federation of Banks [...]
SEOUL, May 10 (Korea Bizwire) — The Seoul Metropolitan Government (SMG) announced on Thursday that it will give 50,000 won (US$42.46) worth of congratulatory gifts to citizens who adopt abandoned animals under a business agreement with Samsung Card Co., the credit card arm of South Korea’s top conglomerate Samsung Group. Under the agreement, the SMG [...]
SEOUL, Apr. 26 (Korea Bizwire) — The district of Gwanak in Seoul announced on Thursday that it will hold a ‘Trash-Tag Challenge’ to encourage residents to clean up public areas until May 24. Trash-tag is a combination of the words “trash” and “tag,” a term used on social media for tagging keywords. The Trash-Tag Challenge [...]
SEOUL, Apr. 25 (Korea Bizwire) — Last summer, Seoul Mayor Park Won-soon did a ‘one-month stay’ in a rooftop house in Seoul without a single air conditioner. He coursed through the summer’s blazing heat with a single electric fan, gifted to him by South Korean President Moon Jae-in. His modest lifestyle inspired many, particularly when [...]
CHANGWON, Apr. 25 (Korea Bizwire) — Farmland near Junam Reservoir in the city of Changwon, South Gyeongsang Province, a popular destination for migratory birds, will turn into a pesticide-free farming complex that helps both the birds and the environment. Changwon, the Morning of Junam, a farming association, and the Machangjin Federation for Environmental Movement signed [...]
SEOUL, Apr. 18 (Korea Bizwire) — Sookmyung Women’s University (SWU) announced on Tuesday that it had conducted a simulated interview program for job seekers using virtual reality. The program, which runs on virtual reality (VR) technology, brings participants to a virtual interview session, where interviewers are present for a real-time interview. All of the answers [...]