SEOUL, Nov. 30 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Monday that about 300,000 sets have been sold and 220 billion emoticons have been sent among users through the messenger service since it launched its emoticon business ten years ago. KakaoTalk released its first emoticon in Nov. [...]
SEOUL, Nov. 29 (Korea Bizwire) — A South Korean court has ruled against customers who filed a lawsuit against the local unit of U.S. electric vehicle maker Tesla Inc., claiming that they had incurred losses as they were not informed that a new model would be launched shortly thereafter at the time of their purchase. [...]
SEOUL, Nov. 29 (Korea Bizwire) — Self-driving cars will begin operations as a means of public transportation for the first time in Seoul this week, the city government said Monday, signaling a new era for commercial autonomous vehicle services. The Seoul metropolitan government said three self-driving passenger cars will start operating for ordinary citizens Tuesday [...]
SEOUL, Nov. 29 (Korea Bizwire) — Competition is heating up among South Korean e-commerce operators to get the upper hand in the market. Regardless of losses, they are making aggressive investments while focusing on increasing their market share. Investment has primarily focused on logistics centers and marketing. E-commerce giant Coupang Inc., which recently raised funds [...]
SEOUL, Nov. 27 (Korea Bizwire) — Google said Friday that it will provide an alternative payment system at its app store in South Korea from next month in an apparent move to follow the country’s new law that bans app market operators from forcing the use of their own payment systems. “Developers can now accept [...]
SEOUL, Nov. 26 (Korea Bizwire) — Concerns are growing that SK hynix Inc.’s plan to overhaul its Chinese factory with a cutting-edge chipmaking machine could be in jeopardy due to opposition from the United States. Earlier this week, U.S. Trade Representative (USTR) Katherine Tai effectively acknowledged that Washington had opposed such efforts by the South [...]
SEOUL, Nov. 26 (Korea Bizwire) — Parents’ level of education and income level have a significant impact on a child’s college entrance, a study showed Thursday. The Korea Institute of Public Finance released a report that uses the Graduates Occupational Mobility Survey (GOMS) to measure the Global Opportunity Index (GOI) and Relative Index of Inequality [...]
SEOUL, Nov. 26 (Korea Bizwire) — South Korean internet-only banks are pulling out all the stops to attract new employees with competition intensifying in the industry. Toss Bank held a shareholder’s meeting on Thursday and decided to offer 600,000 shares in stock options to 30 management employees. The price of the stock options stands at [...]
POHANG, Nov. 26 (Korea Bizwire) — POSCO unveiled a plan to set up infrastructure for the supply of hydrogen in Pohang, North Gyeongsang Province where its steel mill is located, as well as to shift the transport of steel products from diesel trucks to hydrogen vehicles. The South Korean steel giant on Wednesday signed a [...]
DAEJEON, Nov. 26 (Korea Bizwire) — The Korea Institute of Machinery and Materials said Thursday that it has developed a 5-kilowatt hydrogen fuel engine that can power heavy lift industrial drones. The newly-developed engine supplies hydrogen fuel using the direct spray method while optimizing engine parameters such as ignition and spray. The hydrogen engine has [...]