SEOUL, Nov. 20 (Korea Bizwire) — Creditors’ plan to sell the debt-laden Asiana Airlines Inc. to its bigger rival Korean Air Lines Co. faces a bumpy road as a local equity fund has filed an injunction against the plan. On Tuesday, Asiana’s main creditor, the Korea Development Bank (KDB), signed an investment agreement with Korean [...]
SEOUL, Nov. 20 (Korea Bizwire) — A recent study has found that a higher density of ultrafine dust in the atmosphere aggravates the symptoms of allergic rhinitis. A research team led by Hong Seung-no, a professor of otolaryngology at the Boramae Medical Center, said Thursday it confirmed the correlation between the density of ultra-fine dust [...]
SEOUL, Nov. 20 (Korea Bizwire) — A South Korean research team has developed a smartphone screen material that can heal itself. The Korea Institute of Science and Technology (KIST) announced on Thursday that in collaboration with researchers from Yonsei University, it had developed a self-healing transparent electronic material that can repair cracks or damaged functions [...]
SEOUL, Nov. 19 (Korea Bizwire) – A group of South Korean lawmakers on Thursday called on Google to follow Apple Inc.’s move to lower its commission for app market purchases amid concerns of local app developers over high fees. Apple announced a day earlier it will reduce the standard commission on its App Store from [...]
SEOUL, Nov. 19 (Korea Bizwire) – Six in 10 South Koreans over 13 years of age believe couples can live together or have children without getting married. Statistics Korea conducted a survey of 38,000 South Koreans over 13 years of age, 59.7 percent of whom believed couples can live together without getting married. The result [...]
SEOUL, Nov. 19 (Korea Bizwire) — The South Korean central government has joined hands with municipal governments, private companies and industrial associations to promote the activation of autonomous driving services through the standardization of self-driving data. On Wednesday, the Ministry of Trade, Industry and Energy signed a business agreement for the development and promotion of [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea on Wednesday released satellite imagery showing the movement of fine dust from China to South Korea in the latest scientific evidence that China is partly to blame for poor air quality in the region. The Chollian-2B, a South Korean environmental satellite, observed high concentrations of fine dust [...]
SEOUL, Nov. 18 (Korea Bizwire) — South Korea has the highest concentration of wafer capacity dedicated to advanced technology nodes, a report showed Wednesday, underscoring its leadership in the chip manufacturing sector. The country, home to major chipmakers like Samsung Electronics Co. and SK hynix Inc., is more leading-edge focused than any other nation, with [...]
ABIDJAN, Côte d’Ivoire, Nov. 17 (Korea Bizwire) — The COVID-19 pandemic has exposed the challenges and opportunities of Africa’s development landscape, former British prime minister Tony Blair said on Monday in a lecture organized by the African Development Institute in Abidjan. “We have the same problems but what we also have is vastly increased urgency…not [...]
SEOUL, Nov. 17 (Korea Bizwire) — A recent business deal between the U.S. e-commerce giant Amazon.com, Inc. and a local e-commerce platform 11Street Co. is likely to make waves in the domestic online shopping industry. SK Telecom Co., South Korea’s largest mobile carrier and the parent company of 11st, officially announced its plan to join hands [...]