SEOUL, Apr. 22 (Korea Bizwire) – A new study suggests that network operators, including telecommunications companies, provide benefits worth an estimated 506 billion won annually to Netflix users in South Korea. The research paper titled “An Empirical Study on the Benefits Provided by Internet Service Providers (ISPs) to Over-the-Top (OTT) Service Users,” authored by Professor Byun [...]
SEOUL, Apr. 22 (Korea Bizwire) – Kia Motors has launched a new service in the North American market that allows customers to customize the design of their vehicle’s cluster and infotainment displays according to their preferences. Ahead of the start of the NBA playoffs, Kia has introduced “Display Themes” that change the visual appearance of the [...]
SEOUL, April 21 (Korea Bizwire) – Military hospitals nationwide have treated more than 700 civilians since opening their doors to the public at a full scale in mid-February, the defense ministry said Sunday, amid the protracted walkout by trainee doctors. Military hospital emergency rooms became fully accessible to civilians to help address concerns of health [...]
WASHINGTON, April 19 (Korea Bizwire) – The won-dollar exchange rate may move toward stabilization if tensions in the Middle East do not escalate further, the chief of South Korea’s central bank forecast Friday, noting “many uncertainties” stemming from developments in the region. Bank of Korea (BOK) Gov. Rhee Chang-yong made the prediction as concerns over [...]
SEOUL, April 20 (Korea Bizwire) –South Korea lodged a strong protest against Japan on Friday after Tokyo approved new school textbooks that downplay the coercive nature of its wartime atrocities and reinforce its territorial claims to Dokdo. The foreign ministry also called in Japanese Ambassador to South Korea Koichi Aiboshi to deliver the formal [...]
SEOUL, Apr. 19 (Korea Bizwire) – Faced with a stark decline in birth rates and an aging population exacerbated by an exodus to cities like Seoul, rural towns across South Korea are scrambling to reverse the trend of dwindling populations with a raft of creative policies aimed at luring new residents. The strategies broadly fall into [...]
SEOUL, Apr. 19 (Korea Bizwire) – With Earth Day approaching on April 22, the Seoul metropolitan government has unveiled a “Goodbye Plastic Seoul” campaign aimed at raising awareness about the suffering of whales caused by plastic waste, officials announced on April 18. Beginning on April 19, an augmented reality (AR) exhibition at the Cheonggyecheon Stream will [...]
SEOUL, Apr. 18 (Korea Bizwire) – In an effort to reduce plastic waste, South Korea’s telecommunications industry is downsizing the physical SIM cards issued to mobile subscribers. SK 7mobile, the budget phone brand of SK Telink, announced that it will introduce new SIM cards that are one-fourth the size of standard versions. Traditionally, a single SIM [...]
YEOSU, Apr. 18 (Korea Bizwire) –In an effort to alleviate the financial strain associated with pregnancy, the city of Yeosu in South Jeolla Province has announced that it will provide an allowance of 500,000 won to expectant mothers. According to Yeosu officials, previous support measures related to pregnancy, including a pregnancy confirmation fee, transportation expenses [...]
SEJONG, Apr. 18 (Korea Bizwire) – The Fair Trade Commission of South Korea has launched an investigation into allegations that the online game “Night Crows” manipulated the probabilities of obtaining in-game items. According to industry sources, the commission dispatched investigators to the headquarters of WeMade, the game’s developer, in Seongnam, Gyeonggi Province, to secure data related [...]