SEOUL, Feb. 12 (Korea Bizwire) –South Korea’s disaster relief team operating in quake-struck Turkey has rescued two more survivors, bringing the total number of people it saved to eight, Seoul’s foreign ministry said Sunday. The team pulled to safety a 17-year-old man and his 51-year-old mother from the same building in Antakya at 7:18 p.m. [...]
SEOUL, Feb. 11 (Korea Bizwire) — North Korean leader Kim Jong-un called for bolstering the country’s military strength at an unprecedented pace, during a photo session with the participants of a military parade held earlier this week, Pyongyang’s state media reported Friday. Speaking on Thursday, Kim stressed that the prosperity of the North depends on [...]
SEOUL, Feb. 11 (Korea Bizwire) — South Korea on Friday announced its first independent sanctions on North Korea in response to Pyongyang’s cryptocurrency theft and other illicit cyber activities. South Korea has decided to impose its own sanctions on four North Korean tech experts and seven organizations under the Reconnaissance General Bureau (RGB), the country’s [...]
SEOUL, Feb. 11 (Korea Bizwire) — South Korea and the United States plan to incorporate “live, virtual and constructive” (LVC) training elements in this year’s springtime combined military exercise for the first time in five years, the U.S. Forces Korea (USFK) said Friday, as part of efforts to bolster readiness against evolving North Korean threats. [...]
SEOUL, Feb. 10 (Korea Bizwire) – Hybe, the Korean entertainment agency behind supergroup BTS, said Friday it will acquire a 14.8 percent stake in its rival K-pop agency SM Entertainment to become its largest shareholder, a deal expected to have deep repercussions on the K-pop industry. Hybe said in a regulatory filing that it has [...]
SEOUL, Feb. 10 (Korea Bizwire) — In a recent breakthrough, researchers have discovered that utilizing virtual reality (VR) content to promote feelings of calmness and serenity can significantly reduce patient anxiety prior to undergoing an endoscopy procedure. A research team from Gangnam Severance Hospital divided 40 patients into two groups: a group that was exposed [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korea plans to raise the amount of foreign currency that can be transferred overseas without declaration of the source as early as June, the finance ministry said Friday. Under the plan, the country will allow people to transfer up to US$100,000 without documents, doubling the current limit of [...]
SEOUL, Feb. 10 (Korea Bizwire) — Kakao Corp., the operator of the country’s top mobile messenger, said Friday its 2022 net income fell 38 percent due to a base effect. The company’s net profit totaled 1.02 trillion won (US$810.2 million) on a consolidated basis in 2022, compared with a profit of 1.64 trillion won a [...]
SEOUL, Feb. 10 (Korea Bizwire) — South Korean consumers are reducing the use of food delivery apps while showing a preference towards homemade meals, amid the easing of social distancing rules coupled with the economic slump. The monthly active users (MAU) of the nation’s big three food delivery apps — Baedal Minjok, Yogiyo, and Coupang [...]
SEOUL, Feb. 10 (Korea Bizwire) — Samsung Welstory Inc., a catering service affiliate of Samsung Group, said Thursday it has developed an analysis system to analyze the type and amount of leftovers by scanning the plates returned by customers. With cameras installed at the dish return window of a cafeteria, the system automatically scans the plates [...]