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POSCO to Share Idle Space in Cargo Ships with SMEs

POSCO to Share Idle Space in Cargo Ships with SMEs

SEOUL, June 22 (Korea Bizwire) — South Korea’s leading steelmaker POSCO is taking active steps to help small and medium-sized enterprises (SMEs) that are having difficulty exporting their products due to a shortage of vessels and recent hikes in freight rates. On Monday, the company signed a memorandum of understanding (MOU) with the state-run Korea [...]

Local Startup Introduces Political Stock Exchange to Set Prices for Politicians

Local Startup Introduces Political Stock Exchange to Set Prices for Politicians

SEOUL, June 18 (Korea Bizwire) — A new service depicts the support rate of politicians as stock prices, allowing users to buy or sell them as they’d like. PoliGround, a local startup, said Thursday that it had launched a beta service of the same name. This service, a political stock exchange, lists politicians on a [...]

East Coast Beaches Engaged in All-out War to Prevent COVID-19 Infections as Summer Approaches

East Coast Beaches Engaged in All-out War to Prevent COVID-19 Infections as Summer Approaches

SEOUL, June 17 (Korea Bizwire) — With the second summer vacation season since the outbreak of the coronavirus close at hand, major east coast beaches in Gangwon Province are engaged in an all-out war to prevent any possible COVID-19 infections by employing a variety of state-of-the-art equipment. The Samcheok city government plans to use drones [...]

Korea Tourism Organization Kicks Off Sales of Subscription-based Tourism Product

Korea Tourism Organization Kicks Off Sales of Subscription-based Tourism Product

SEOUL, June 17 (Korea Bizwire) — A subscription-based tourism product, the first of its kind in South Korea, has been introduced by a state-run tourism promotion agency. The product was designed by combining the concept of travel with the recent subscription economy trend, in which consumers are provided a variety of products and services customized [...]

CSR Activities Evolve Towards Fun to Encourage Employee Participation

CSR Activities Evolve Towards Fun to Encourage Employee Participation

SEOUL, June 14 (Korea Bizwire) — In recent days, the way corporate social responsibility (CSR) activities are performed is changing, as they are evolving towards embracing fun factors to encourage the voluntary participation of employees in small groups. This trend comes as the share of the MZ generation, referring to those born between 1980 and [...]

Gyeonggi Province Demonstrates Contactless Bus Fare Payment

Gyeonggi Province Demonstrates Contactless Bus Fare Payment

UIJEONGBU, May 28 (Korea Bizwire) — The government of Gyeonggi Province is set to launch an on-site technology demonstration to introduce a ‘non-contact transit bus fare payment system’ that can minimize passengers’ risk of COVID-19 infection and prevent safety accidents on buses. In collaboration with local mobility firm LOCA Mobility Corp., the provincial government will [...]