SEOUL, June 28 (Korea Bizwire) — Japanese automakers are suffering an extended slump in South Korea amid a protracted trade row between the two Asian neighbors and the coronavirus pandemic, industry sources said Sunday. Honda Motor Co. suffered a sharp decline in its operating income to 1.98 billion won (US$1.64 million) between April 2019 and [...]
SEOUL, June 28 (Korea Bizwire) — Samsung Electronics Co. is expected to launch two new foldable smartphones in the second half of the year, with an affordable foldable handset model likely to come out next year, industry sources said Sunday. Samsung is projected to unveil the Galaxy Fold 2 and the 5G variant of the [...]
SEOUL, June 27 (Korea Bizwire) — Samsung Group heir apparent Lee Jae-yong was granted a respite Friday in a legal battle over his alleged role in a controversial merger and fraudulent accounting, as an independent panel of experts concluded that prosecutors should not indict him. However, Samsung is still cautious as Lee’s legal battle is [...]
SEOUL, June 26 (Korea Bizwire) — Following Apple Inc.’s recent decision to support its newest smart device operating system, iOS 14, on older generation iPhone models dating back as far as six years, controversy has reemerged over Android smartphones, which have a shorter duration of technical support. Consumers say that a flagship smartphone model costing [...]
SEOUL, June 26 (Korea Bizwire) — Rank-and-file soldiers will officially be allowed to use their mobile phones after work starting next month, the defense ministry said Friday. Since April 2019, the ministry has allowed all draftees to use mobile phones, which had previously been banned for security reasons, on a trial basis. “The trial implementation [...]
SEOUL, June 26 (Korea Bizwire) — South Korea’s antitrust regulator said it plans to propose a new bill to prevent online platforms such as open markets and delivery apps from committing so-called “gapjil” or abuse of power to the companies that sell their products or services on these sites. The Fair Trade Commission (FTC) is [...]
SEOUL, June 24 (Korea Bizwire) — South Korea on Wednesday launched a task force to commercialize urban air mobility (UAM) services in the domestic market in 2025. Around 40 organizations and companies joined UAM Team Korea to offer such services, starting with one to two routes, or terminals, in the Seoul metropolitan area in 2025 [...]
SEOUL, June 24 (Korea Bizwire) – The Japanese government was found to have invested a significant sum of money in an agency in charge of the de facto distortion of historical facts surrounding Hashima Island, where Koreans fell victim to forced labor during Japanese colonial rule. Japanese Prime Minister Shinzo Abe and his cabinet, challenging [...]
SEOUL, June 24 (Korea Bizwire) — About 100 Asiatic black bears, a species in danger of extinction, were found confined to cages for illegal breeding and killed for meat. Although Asiatic black bears are a species which requires special care for protection, some farms are engaged in illegal breeding and serving them for human consumption. [...]
SEOUL, June 24 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has named a renowned artificial intelligence (AI) expert as chief of its research and development (R&D) hub. The South Korean tech giant said Sebastian Seung, professor at Princeton University’s Neuroscience Institute and Department of Computer Science, will lead Samsung Research, the R&D hub [...]