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Hearing Impaired Drivers to Offer Taxi Services in Seoul

Hearing Impaired Drivers to Offer Taxi Services in Seoul

SEOUL, Aug. 13 (Korea Bizwire) — A new smartphone application known as “Goyohan Taxi” created by a group of college students will allow those who are hearing impaired to drive taxis in Seoul. The application was created by a social venture called Coactus, led by Song Min-pyo, a senior at Dongguk University’s computer engineering department. [...]

Gov’t Promises to Help Finance Smart Factory Clusters

Gov’t Promises to Help Finance Smart Factory Clusters

SEOUL, Aug. 6 (Korea Bizwire) — Companies that share similar production processes will be able to finance high-quality “smart” factories cost-effectively by coming together in clusters of five or more. The Ministry of SMEs and Startups revealed yesterday that it would be partially funding the establishment of factories that would benefit companies through economies of [...]

LG Beats Samsung in Home Appliance Profit Margin for First Half

LG Beats Samsung in Home Appliance Profit Margin for First Half

SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. profited more for every home appliance sold in the first half of 2018 compared with its bigger rival Samsung Electronics Co., industry data showed Friday. Samsung Electronics posted sales of 20.1 trillion won (US$17.8 billion) over the January-June period for the home appliances segment, above LG [...]

Kakao Joins Hands with YG Entertainment for Japan ‘Webtoon’ Market

Kakao Joins Hands with YG Entertainment for Japan ‘Webtoon’ Market

SEOUL, Jul. 30 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger, KakaoTalk, has joined forces with major talent agency YG Entertainment Inc. to tap deeper into the online comic market in Japan, industry sources said Monday. Although the two firms have not signed official tie-up deals, the collaboration is drawing [...]

Credit Card Companies Pay Close Attention to the Launch of “Seoul Pay”

Credit Card Companies Pay Close Attention to the Launch of “Seoul Pay”

SEOUL, Jul. 26 (Korea Bizwire) — Credit card companies are on high alert after the launch of a new payment system by the city of Seoul that allows small business owners and their customers to make monetary transactions without any fees. Yesterday, the Seoul Metropolitan Government announced the launch of “Seoul Pay,” a zero transaction [...]

Sk Telecom to Apply Quantum Cryptography System to German Firm

Sk Telecom to Apply Quantum Cryptography System to German Firm

SEOUL, Jul. 26 (Korea Bizwire) — SK Telecom Co. said Thursday that it has applied a quantum cryptography system to Deutsche Telekom’s test network. The system — which was installed at the German telecommunication company’s test network in Berlin — includes quantum key distribution and an ultra-compact quantum random number generator, South Korea’s top mobile [...]

Samsung Display’s ‘Unbreakable’ Display Certified in U.S.

Samsung Display’s ‘Unbreakable’ Display Certified in U.S.

SEOUL, Jul. 26 (Korea Bizwire) — Samsung Display Co. said Thursday its unbreakable smartphone panel has been certified in the United States, claiming it can be applied on various devices from smartphones to military equipment. The display maker, under tech giant Samsung Electronics Co., said the unbreakable panel was approved by Underwriters Laboratories, an official [...]

State-Owned Land to Support Social Enterprises

State-Owned Land to Support Social Enterprises

  SEOUL, Jul. 23 (Korea Bizwire) — The central government in association with the ruling Democratic Party of Korea said it would continue to advocate for the creation of new jobs for the nation’s youth by nurturing so-called “social economy” ventures. The social economy is formed by a diversity of social actors that place importance [...]