SEOUL, July 11 (Korea Bizwire) — Hyundai Home Shopping Network Corp. said Monday it will be releasing the second episode of its entertainment-style “deal commerce” program, hosted by actor Kwon Hyuk-soo, on its official YouTube channel. The concept of deal commerce was introduced in April as the industry’s first program based on the idea of [...]
SEOUL, July 10 (Korea Bizwire) — Incheon International Airport Corp. said Sunday it will introduce a new service that enables travelers to swiftly pass through departure gates using facial recognition technology, eliminating the need to present their passports or flight tickets. The operator of the nation’s largest airport initiated the registration process for facial recognition [...]
SEOUL, July 10 (Korea Bizwire) — Samsung Biologics Co., the biotech arm of South Korea’s Samsung Group, said Monday it has signed a US$390.9 million deal with Novartis Pharma AG to manufacture the Switzerland-based pharmaceutical firm’s products. It is the final contract for an investment letter of intent announced in June last year, in which [...]
SEOUL, July 10 (Korea Bizwire) — South Korea’s major department stores are turning to the food business as part of efforts to defend against deteriorating performance resulting from an economic slump and contraction in consumption. Shinsegae Department Store has launched a complete renovation of the food court in its Gangnam outlet for the first time [...]
SEOUL, July 10 (Korea Bizwire) – The preference for hybrid models among South Korean consumers has led to the share of Hyundai Motor Co.’s Grandeur sedan’s hybrid models surpassing that of internal combustion engine models. According to the carmaker, hybrid models accounted for 33,056 units or 52.5 percent of the Grandeur’s domestic sales of 62,970 units [...]
SEOUL, July 9 (Korea Bizwire) — POSCO Holdings Inc., South Korea’s leading steelmaker, said Sunday it has built a secondary battery recycling plant in the southwestern city of Suncheon as part of its push to expand its battery materials business. The plant will be operated by POSCO HY Clean Metal — the joint venture between [...]
SEOUL, July 9 (Korea Bizwire) — Hyundai Motor Group Executive Chair Euisun Chung has visited Intel’s industrial campus in Ireland as part of efforts to diversify the company’s automotive semiconductor supply, the company said Sunday. Chung looked around the Fab 24 manufacturing facility at Intel’s campus in Kildare county with Intel Corporate Vice President Ann-Marie [...]
SEOUL, July 9 (Korea Bizwire) — The criteria for Koreans choosing an apartment, the most common form of housing in the country, are undergoing a transformation. In the past, the proximity to subway stations, known as ‘Yeokssekwon’ or station areas, was considered an essential factor due to its emphasis on transportation convenience. However, there is [...]
SEOUL, July 8 (Korea Bizwire) — Google Korea said Friday it has received a plaque of appreciation from the veterans ministry for its project to digitalize archives of the Demilitarized Zone (DMZ) on the Korean Peninsula in commemoration of the 70th anniversary of the armistice of the 1950-53 Korean War. Google Arts and Culture (GAC) [...]
SEOUL, July 8 (Korea Bizwire) —Idle mobile games, a genre of mobile gaming that has previously received limited attention in the mainstream, have recently gained popularity among young people. Idle games are characterized by simple and repetitive gestures that allow players to enjoy the game without requiring much interaction. They minimize the need for [...]