SEOUL, Sept. 10 (Korea Bizwire) — In August, President Moon Jae-in announced South Korea’s ambitious plan to become a global hub for the production of COVID-19 vaccines with support of 2.2 trillion won (US$1.92 billion) over the next five years, starting with the development of the country’s first homegrown vaccine. Although the pharmaceutical industry welcomes [...]
SEOUL, Sept. 10 (Korea Bizwire) — Samsung Electronics Co. on Friday said it has signed a partnership with Seoul National University to develop core parts for future home appliance products. The two sides will especially focus on developing solutions for next-generation compressors and motors with high energy efficiency, low noise and enhanced durability. Compressors and [...]
SEOUL, Sept. 9 (Korea Bizwire) — South Korea’s soon-to-be married couples are fighting against the government’s COVID-19 restrictions on indoor weddings, saying that the ever-shifting rules are causing them financial and emotional damage. On Thursday morning, a few members of an alliance, made up of approximately 6,000 people with imminent wedding plans, staged a protest [...]
SEOUL, Sept. 9 (Korea Bizwire) — Convenience store chains are competing to entice customers to spend their emergency relief funds, which the government started distributing on Monday. Stores began to come up with various marketing strategies that allow customers to purchase various electronic devices such as wireless earphones or smartwatches with the relief funds. GS25 [...]
SEOUL, Sept. 9 (Korea Bizwire) — An increasing number of games are introducing Korean backdrops, instead of the more common western or Japanese settings. Last month, South Korean game developer Pearl Abyss introduced a new game “DokeV” at the German game exhibition “Gamescom 2021.” The game’s teaser, which has already surpassed 7 million views on [...]
SEOUL, Sept. 9 (Korea Bizwire) — Rank-and-file soldiers will not be assigned the job of tracking down those who go AWOL starting next year, officials said Thursday, amid fresh attention on the position after a popular Netflix series, titled “D.P.” The Criminal Investigation Command under the defense ministry and service branches of the military decided [...]
SEOUL, Sept. 9 (Korea Bizwire) — LG Electronics Inc., a major home appliance maker in South Korea, said Thursday it will expand use of recycled plastics to meet its environment goals. LG aims to use a total of 600,000 tons of recycled plastics by 2030, with its initial goal targeting 200,000 tons by 2025. Last [...]
SEOUL, Sept. 9 (Korea Bizwire) — The government has set afoot efforts to promote the sale of modular home electronics products, aimed at enabling consumers to freely attach or detach specific functions or change external appearances of home electronics products just like they do for furniture. The Korean Agency for Technology and Standards said Wednesday [...]
SEOUL, Sept. 8 (Korea Bizwire) — A fully automated smart store opened in Seoul on Wednesday. South Korean convenience store franchise E-Mart 24, jointly with Shinsegae I&C, set up a smart store in shopping complex Starfield COEX, located in a heavily populated area unlike other stores with automatic payment systems. Customers can type in a [...]
SEOUL, Sept. 8 (Korea Bizwire) — As the MZ generation’s interest in money-making techniques grows, an increasing number of South Korean companies are introducing wealth management programs as part of their in-house welfare programs. Samsung Electro-Mechanics Co. received applications for participation in a free-of-charge financial consulting program for employees through its internal network late last [...]