SEOUL, Oct. 16 (Korea Bizwire) — South Korea’s largest mobility startup SOCAR Inc. said Friday it has received 60 billion won (US$52.2 million) from two local private equity firms, becoming the latest “unicorn” company in the Asian country. The investments from SG Private Equity and Songhyun Investment pushed SOCAR’s valuation to over 1 trillion won. [...]
SEOUL, Oct. 16 (Korea Bizwire) — Samsung Electronics Co. topped the world’s best employer rankings released by U.S. business magazine Forbes, industry officials said Friday. The South Korean tech giant ranked No. 1 on the Forbes list of the world’s best employers for 2020 followed by U.S. tech juggernauts Amazon, IBM and Microsoft. Samsung made [...]
SEOUL, Oct. 15 (Korea Bizwire) — A recent study has revealed that prescribing excessive amounts of antibiotics to toddlers can cause not only resistant bacteria, but also child obesity. A research team from Seoul National University Hospital conducted a study of 31,733 toddlers who received periodic health checks between 2008 and 2012 to arrive at [...]
SEOUL, Oct. 15 (Korea Bizwire) — K-pop boy band BTS won the Top Social Artist award at this year’s Billboard Music Awards (BBMA), their fourth consecutive victory in the category. At the award event held at the Dolby Theater in Los Angeles without spectators on Wednesday (U.S. time), the septet beat Billie Eilish and Ariana [...]
SEOUL, Oct. 15 (Korea Bizwire) — With outdoor activities restricted due to the onset of the COVID-19 pandemic, the number of South Koreans who have become addicted to online gambling is growing at a rapid pace. According to the Korea Center on Gambling Problems (KCGP), 7,348 people underwent counseling for their addiction to online gambling [...]
SEOUL, Oct. 14 (Korea Bizwire) — As the coronavirus pandemic continues to rage on, more people are choosing to stay indoors. Among them, members of the younger generation are increasingly preferring to order food, while the older generation prefers to cook themselves, a recent study showed. The Korea Health Promotion Institution conducted a survey of [...]
SEOUL, Oct. 14 (Korea Bizwire) — Earlier this week, the prosecution demanded life imprisonment for an alleged online predator, a penalty that came as such a surprise that local news outlets sent urgent breaking news alerts. The request for the suspect to spend the rest of his life behind bars — the first of its [...]
SEOUL, Oct. 14 (Korea Bizwire) — K-pop superstar BTS became the first-ever musical act in history to top Billboard’s Social 50 chart for 200 weeks in a row this week. Billboard said Tuesday (U.S. time) that BTS ranked No. 1 on this week’s Social 50 chart, reigning the chart for the longest ever streak by [...]
SEOUL, Oct. 14 (Korea Bizwire) — Hyundai Motor Group’s longtime heir Chung Euisun on Wednesday officially took over the helm at the South Korean auto giant as it pushes to morph into a future mobility solutions provider. The group’s three major affiliates — Hyundai Motor Co., Kia Motors Corp. and Hyundai Mobis Co. — held [...]
SEOUL, Oct. 14 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong, the de facto leader of South Korea’s top conglomerate, returned home Wednesday after meeting with top executives from ASML Holding N.V., the world’s leading photolithography equipment maker, in the Netherlands. Lee met with ASML CEO Peter Wennink and ASML Chief Technology Officer Martin [...]