SEOUL, April 21 (Korea Bizwire) — With the deadline for Samsung scions to pay their colossal inheritance tax looming, eyes are on to what extent the move will involve late Samsung Chairman Lee Kun-hee’s art collection, believed to fetch up to 3 trillion won (US$2.7 billion). The senior Lee, who was South Korea’s richest man, [...]
SEOUL, April 21 (Korea Bizwire) — Artificial intelligence (AI) technology is being used as eyes and ears for disabled persons, raising accessibility to media. This technology is expected to allow disabled persons to enjoy the equivalent amount of access to media as non-disabled persons, particularly as media consumption continues to rise following the coronavirus outbreak. [...]
SEOUL, April 21 (Korea Bizwire) — CJ ONE, an integrated membership service provided by entertainment and logistics giant CJ Group, gained media attention after donating food to an animal protection facility with honorary delivery dog. Kyungtae is a Maltese owned by a parcel delivery worker associated with South Korean logistics giant CJ Logistics Corp. Kyungtae [...]
SEOUL, April 21 (Korea Bizwire) — Most divorced Vietnamese immigrant women in South Korea bring back their children whom they sent to their home country after divorce once they achieve economic self-reliance, an analysis of data showed Tuesday. Choi Soo-ahn, a doctorate student in the Department of Multicultural Studies & Education at Inha University, said [...]
SEOUL, April 20 (Korea Bizwire) — Hyundai Motor Group, South Korea’s largest automotive conglomerate, is mulling the sale of its railway business affiliate, industry sources said Tuesday. The group is considering selling Hyundai Rotem Co.’s loss-making railway business, according to the sources. Hyundai Motor Co., the group’s crown jewel, is the largest shareholder in Hyundai [...]
SEOUL, April 20 (Korea Bizwire) — South Korea has again been thrown into a debate over whether women should be drafted into the military alongside men, with political and social circles calling for its serious consideration amid chronically low birth rates. One of the recent triggers was an online petition demanding female conscription on Cheong [...]
SEOUL, April 20 (Korea Bizwire) — Despite the ongoing pandemic, South Korean consumers are still obsessed with luxury goods. Members of the younger generation in their 20s and 30s have risen as the primary consumers of luxury merchandise, gladly lining up in front of department stores to purchase limited editions of luxury brand goods. Luxury [...]
SEOUL, April 20 (Korea Bizwire) — South Korea’s first conceptual model of a hydrogen fuel-cell tram, spotlighted as one of the next-generation eco-friendly means of public transportation, has recently been unveiled. The model made its first appearance at Hyundai Rotem Co.’s plant in the southeastern city of Changwon on Tuesday, developed to test its primary [...]
SEOUL, April 20 (Korea Bizwire) — South Korean tech giant LG Electronics Inc. said Tuesday it plans to produce home appliances from its smartphone manufacturing line in northern Vietnam, as the company earlier decided to fully withdraw from the mobile business. Under the plan, the company will complete the transformation within this year while reallocating [...]
SEOUL, April 20 (Korea Bizwire) — A group of South Korean nuclear researchers on Tuesday called on Japan to withdraw its decision to release contaminated water from its crippled Fukushima nuclear power plant into the sea, urging for more information over the plan. South Korea has expressed concerns over Japan’s announcement last week to release [...]