SEOUL, July 23 (Korea Bizwire) — Amid growing concerns about the decline in fertility rate among South Korean women, the fertility rate of women who have low educational attainment or work in non-professional jobs is falling at a rapid pace, emphasizing the need to strengthen policy support for these individuals, a report showed Wednesday. The [...]
WASHINGTON, July 22 (Korea Bizwire) — The United States urges LG Uplus of South Korea and other telecom operators that use Huawei products to switch to “trusted vendors,” a U.S. official has said. Robert Strayer, deputy assistant secretary of state for cyber and international communications and information policy, made the remark in response to a [...]
SEOUL, July 22 (Korea Bizwire) – Arguably, the global pandemic may not be a boon to most sectors, but foodmakers appear to be entirely insulated from the fallout of the COVID-19 outbreak. Their performance has been gaining traction on the back of virus fears as stay-at-home consumers buy more foodstuffs online, mostly ready-to-eat meals, out [...]
SEOUL, July 22 (Korea Bizwire) — More South Korean universities are positively responding to the demand for partial tuition refunds to compensate students for disrupted learning due to the coronavirus pandemic. The National Korea Maritime & Ocean University recently became the first school in the southern port city of Busan to decide to offer refunds. [...]
SEOUL, July 22 (Korea Bizwire) – Kakao Mobility, a South Korean firm that provides ride-hailing and driver-for-hire services, had signed a business cooperation agreement with GS Caltex Corp. on Tuesday to promote the use of electric bicycles. GS Caltex, the second-biggest refiner by sales in South Korea, will install and run battery-charging facilities for Kakao [...]
SEOUL, July 21 (Korea Bizwire) — Amid the hype for Starbucks Korea’s small suitcases offered under its reward program, customers’ competition to get camping chairs, another promotional item, ran high Tuesday ahead of an end to the seasonal event. On May 21, Starbucks kicked off a summer promotional event that will run until Wednesday to [...]
SEOUL, July 21 (Korea Bizwire) — South Korea’s leading telecom operator SK Telecom Co. said Tuesday it has partnered with Hewlett Packard Enterprise (HPE) to export its 5G mobile edge computing (MEC) technology. The carrier signed an agreement to form a consortium with the Asia Pacific and South Korea units of HPE to provide the [...]
SEOUL, July 21 (Korea Bizwire) — The Japanese unit of the U.S. streaming giant Netflix is at the center of criticism after calling South Korea’s Gwangju Democratization Movement a ‘riot’ during its introduction of South Korean film “A Taxi Driver.” The 2017 box-office hit tells the story of a Seoul taxi driver who happens to [...]
SEOUL, July 20 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp., South Korea’s two biggest carmakers, may suffer a sharp decline in the second-quarter earnings as a result of the coronavirus outbreak, but have fared well compared to foreign rivals, analysts said Monday. In the three months that ended June 30, [...]
SEOUL, July 20 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Monday it is seeking to convert some of its passenger jets into cargo planes to keep the business afloat amid the new coronavirus outbreak. Korean Air will consult with the Ministry of Land, Infrastructure and Transport to remove seats on [...]