SEOUL, April 21 (Korea Bizwire) — South Korea’s hydrogen fuel cell system technology, the so-called the ‘heart’ of hydrogen cars, is entering the American and European markets. This is the first time for South Korea to export the technology. The Ministry of Trade, Industry and Energy approved Hyundai Motor Co.’s technology export of a hydrogen [...]
SEOUL, April 21 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its blood pressure monitoring mobile application has earned medical device approval in South Korea. The Ministry of Food and Drug Safety has granted the Software as a Medical Device (SaMD) license to its health monitoring app, according to Samsung. The software leverages a smartwatch’s [...]
SEOUL, April 21 (Korea Bizwire) — The International Monetary Fund (IMF) said Tuesday that South Korea’s overall financial system appears resilient, but it warned of growing vulnerabilities. The IMF said most parts of South Korea’s banking system appear prudentially strong, but prospects for banks and insurers are dimming due to growth-related uncertainties, low interest rates, [...]
SEOUL, April 21 (Korea Bizwire) — SK Energy Co., South Korea’s leading oil refinery and gas station operator, is going to transform its business structure with a focus on digital services and eco-friendly management policies. The move is aimed at overcoming the limitations of the petroleum refining industry, which is a major business but is [...]
SEOUL, April 20 (Korea Bizwire) — South Korea seeks to provide protective masks to foreign Korean War veterans vulnerable to the new coronavirus, a foreign ministry official said Monday, amid its efforts to contribute more to tackling the global health care crisis. The Ministry of Patriots and Veterans Affairs (MPVA) and the Ministry of Food [...]
SEOUL, April 20 (Korea Bizwire) — More businesses in the IT and startup industry are opting to check consumer demand first before manufacturing products and services as the number of active consumers is on the increase. This way, businesses can effectively reduce the risk of failure and minimize opportunity costs. Class 101, an online education [...]
SEOUL, April 20 (Korea Bizwire) — The National Police Agency has begun a new system using ‘untact detectors’ to identify drivers under the influence without conducting breath tests. The new system replaces previous breathalyzers, aiming to reduce the risk of coronavirus transmission. The new alcohol testing device can be used to measure the driver’s blood [...]
SEOUL, April 20 (Korea Bizwire) — Samsung Electronics Co. is in talks with the Chinese government over sending semiconductor engineers to the company’s Chinese plants. Since the outbreak of the new coronavirus infection, COVID-19, China has not allowed foreigners to enter the country except in special cases. The world’s largest memory chip maker and the [...]
SEOUL, April 20 (Korea Bizwire) — Mobile identification cards will gradually replace the existing plastic cards in South Korea’s public sector beginning this year, the government said Monday. The mobile ID card system will be first introduced to civil servants late this year, according to the Ministry of the Interior and Safety and the Ministry [...]
SEOUL, April 19 (Korea Bizwire) — Sales of Samsung Electronics Co.’s latest flagship series Galaxy S20 are hovering below those of its predecessor as the global new coronavirus pandemic has led to a slump in demand for consumer products, industry sources said Sunday. The local sales of the Galaxy S20 series, which comes in three [...]