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Logistics Industry on Alert as Naver Teams Up with CJ Logistics

Logistics Industry on Alert as Naver Teams Up with CJ Logistics

SEOUL, Oct. 28 (Korea Bizwire) — The South Korean retail industry is eyeing country’s top online portal operator Naver and entertainment and logistics giant CJ Group as the two companies are exchanging company shares worth 600 billion won ($531 million) as part of a strategic partnership in the fields of cultural content and distribution. Industry [...]

AmorePacific Opens Industry’s First ‘Refill Station’

AmorePacific Opens Industry’s First ‘Refill Station’

SEOUL, Oct. 28 (Korea Bizwire) — South Korean cosmetics giant AmorePacific Corp. opened a so-called ‘refill station’ for the first time in the nation’s cosmetics industry. The company announced on Tuesday that it decided to run a refill station within the AmorePacific Gwanggyo store that opened last week in Suwon, Gyeonggi Province. Customers take an [...]

Researchers Develop New Technology to Rapidly Track Radioactive Sea Water

Researchers Develop New Technology to Rapidly Track Radioactive Sea Water

DAEJEON, Oct. 28 (Korea Bizwire) — A South Korean research team has developed new technology that enables the rapid tracking of radioactive contaminated water in the sea. The new technology was developed amid growing concerns over the Japanese government’s decision to release contaminated water being stored at the Fukushima nuclear power plant into the sea. [...]

Gov’t to Remove Phone Numbers from Visitor Registrations to Protect Personal Info

Gov’t to Remove Phone Numbers from Visitor Registrations to Protect Personal Info

SEOUL, Oct. 26 (Korea Bizwire) — The government is looking to exclude mobile phone numbers from handwritten visitor registrations, introduced to track coronavirus cases among visitors to multiuse facilities, to prevent possible breaches of personal information, its top official in charge of personal information protection said. Yoon Jong-in, chairman of the Personal Information Protection Commission [...]

Cost the Primary Factor Behind Japan’s Decision to Release Radioactive Water into the Sea

Cost the Primary Factor Behind Japan’s Decision to Release Radioactive Water into the Sea

SEOUL, Oct. 26 (Korea Bizwire) — The Japanese government is attempting to release contaminated water from a disabled nuclear power plant in Fukushima. The primary reason, as anticipated by experts, is the low cost. It costs less to release the water to the sea than by air. Initially, the Japanese government considered three separate means [...]

KAIST Develops ‘Mini-organ’ to Reveal How COVID-19 Damages Lungs

KAIST Develops ‘Mini-organ’ to Reveal How COVID-19 Damages Lungs

SEOUL, Oct. 26 (Korea Bizwire) — The Korea Advanced Institute of Science and Technology (KAIST) said Monday its researchers have found how the novel coronavirus destroys lung cells by developing a “mini-lung” using stem cell technology. The university said its team at the Graduate School of Medical Science and Engineering, and other researchers from the [...]

Google Under Fire over Alleged Profit-sharing Scheme with Smartphone Makers and Telcos

Google Under Fire over Alleged Profit-sharing Scheme with Smartphone Makers and Telcos

SEOUL, Oct. 26 (Korea Bizwire) — Controversy is flaring up over Google Inc.’s alleged profit-sharing collusion with local mobile carriers and smartphone makers. Rep. Yoon Young-chan of the ruling Democratic Party disclosed in the National Assembly’s parliamentary audit of the Ministry of Science and ICT held on Friday that Google, in collaboration with local mobile [...]

S. Korea to Resume Seizure of Illegal Chinese Fishing Boats

S. Korea to Resume Seizure of Illegal Chinese Fishing Boats

SEOUL, Oct. 23 (Korea Bizwire) — South Korea’s Coast Guard is enhancing its crackdown on Chinese fishing boats illegally operating in its waters, including the resumption of seizure operations, officials said Friday. About 340 Chinese vessels entered South Korea’s western exclusive economic zone in groups per day in October, a sharp rise from about 100 [...]