SEOUL, Apr. 6 (Korea Bizwire) –With a new law mandating transparency on loot box odds in video games taking effect, multiple South Korean game companies have acknowledged errors in how they previously disclosed the probabilities of receiving rare in-game items, raising concerns among gamers about potential manipulation. In recent days, major publishers including Gravity for [...]
SEOUL, June 26 (Korea Bizwire) — The Ministry of Education announced Monday that extremely difficult questions not taught in schools will be eliminated from the annual college entrance exam as part of the government’s efforts to reduce private education expenses. The ministry said it will push for a “fair College Scholastic Ability Test (CSAT) centered [...]
SEOUL, Jan. 11 (Korea Bizwire) — Lotte Biologics Co., a pharmaceutical unit under the retail giant Lotte Group, said Wednesday it will invest US$3 billion to build a bio industrial complex in South Korea by 2030 that houses three plants. Its CEO, Lee Won-jik, announced the plan during the J.P. Morgan Healthcare Conference held in [...]
SEOUL, Aug. 24 (Korea Bizwire) — Universities are reopening foreign exchange programs suspended during COVID-19 pandemic. Konkuk University held an orientation program for foreign exchange students on Tuesday for the first time in three years. A total of 203 foreign students will be attending the university for the fall semester. More than 150 of them [...]
SEJONG, July 29 (Korea Bizwire) — Starting next month, all travelers entering South Korea through Terminal 2 of Incheon International Airport and Gimpo International Airport will be able to clear customs via a mobile app. The Korea Customs Service said Thursday it has released a newly developed “traveler’s customs declaration” app for smartphones and a [...]
SEOUL, July 6 (Korea Bizwire) — The number of airport bus passengers in Seoul increased by 2.6 times during the past six months, the city government said Wednesday, as the demand for air travel has spiked after the lifting of almost all COVID-19 social distancing restrictions in April. The number of rides performed by foreign [...]
Barcelona, Spain, Mar. 1 (Korea Bizwire) – SK Telecom (NYSE: SKM) announced today that the company will partner with Global System Mobile Association (GSMA) and Spain’s No.1 mobile carrier Telefónica to introduce South Korea’s coding education to Barcelona, Spain. The company said that its Smart Robot Coding School will be added to the school curriculum [...]
HONG KONG, CHINA, Oct 19 (Korea Bizwire) – The PGA TOUR will be holding its first golf tournament in Korea, THE CJ CUP @ NINE BRIDGES, on Jeju Island. Somerset Jeju Shinhwa World has been appointed as the official hotel partner of the event to accommodate the contestants. To enable tourists to enjoy both the [...]
Seoul, Korea, Jul. 24 (Korea Bizwire) - SK Telecom (NYSE: SKM) today announced that it has successfully developed a prototype of an ultra-small quantum random number generator (QRNG) chip packed with entropy source and Deterministic Random Bit Generator (DRBG). A QRNG generates true random numbers without any kind of pattern, meaning that it is ideal for [...]
SEOUL, May 30 (Korea Bizwire) ― Proving that a washing machines can be the star of a viral video, LG Electronics’ House of Cards video was the recipient of an AME Award in the category of branded entertainment. One of the most prestigious industry honors, the AME (Advertising & Marketing Effectiveness) Awards recognize a marketing [...]